MARKET OVERVIEW
Retractable awnings are shading systems that can be extended or retracted as needed. They are used in residential applications to provide shade and protection from the sun, rain, and wind. Retractable awnings are made from various materials, including fabric, metal, and aluminum, and come in various shapes to meet the needs of different applications. The retractable awnings market is anticipated to grow in the coming years due to the surging demand for outdoor living spaces, growing awareness about energy-efficient products, and the rise in home improvement and renovation activities.
MARKET DYNAMICS
Increasing the adoption retractable awnings owing to factors such as flexibility, optimize space usage, cost-effective, and are easy to install. Hence rising demand for the retractable awnings that drive the growth of the retractable awnings market. However, extreme weather conditions can destroy the retractable awnings, and continuous cleaning is required for retractable awnings to avoid the chances of becoming mold-prone and mildew. These factors are the major restraint for the growth of the market. Installation of retractable awnings enhances the aesthetic value of the house and also protects the interior from direct sunlight, heat, and UV rays. Henceforth, raising the need for a retractable awning that propels the growth of the market. Increasing the commercial sector, such as cafes and restaurant, is inclining towards the idea of open sitting areas are expected to drive the growth of the retractable awnings market.
MARKET SCOPE
The "Global Retractable Awnings Market Analysis to 2028" is a specialized and in-depth study of the retractable awnings industry with a special focus on the global market trend analysis. The report aims to provide an overview of retractable awnings market with detailed market segmentation by of product type, technology, end-user, and geography. The global retractable awnings market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading retractable awnings market players and offers key trends and opportunities in the retractable awnings market.
MARKET SEGMENTATION
The global retractable awnings market is segmented based on product type, technology, and end-user. Based on product type the retractable awnings market is segmented as freestanding, patio, veranda, conservatory, others. Based on technology, the retractable awnings market is segmented as manual, motorized, remote control, and sensor. Based on end-user, the retractable awnings market is segmented as residential, commercial.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global retractable awnings market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The retractable awnings market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting retractable awnings market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the retractable awnings market in these regions.
MARKET PLAYERS
The reports cover key developments in the retractable awnings market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from retractable awnings are anticipated to lucrative growth opportunities in the future with the rising demand for retractable awnings in the global market. Below mentioned is the list of few companies engaged in the retractable awnings market.
The report also includes the profiles of key retractable awnings companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Advanced Awning Company
- Advanced Design Awning & Sign
- Awning Company of America, Inc.,
- Boulevard Awning Company
- Carroll Awning Co., Inc.
- Eide Industries, Inc
- French Awning & Screen Co.
- Marygrove Awning
- Roche Systems Ltd.
- Thompson Awning