Retractable awnings serve as a perfect addition to residential, thereby providing flexibility to efficiently utilize maximums pace. Retractable awnings when extended offer a perfect shade to the open space and when retracted, it helps provide a spacious environment. Retractable awnings are usually manufactured from corrugated fiberglass aluminum, and polycarbonate as they have higher resistance to harsh weather and are long lasting.
Retractable awnings gain increase in adoption among the consumers owing to factors such as flexibility, optimizes space usage, serves the purpose of trendy shading systems, are easy to install, and are cost effective. Increase in consumer disposable income generates their need for home remodeling, which is expected to be one of the driving factors for the global retractable awnings market. Commercial sector, restaurants, and cafes in particular are increasingly inclining towards the idea of open sitting areas, which is thereby expected to boost up the demand for global retractable awnings market to serve the altering weather conditions. However, extreme weather conditions are expected to destroy the retractable awnings. Continuous cleaning is required for retractable awnings to avoid the chances of becoming mildew and mold prone. These factors are expected to hamper the growth of the global retractable awnings market.
The global retractable awnings market is segmented on the basis of product type, technology end-user industry, and geography. On the basis of product type, the market is classified into veranda awnings, patio awnings, freestanding awnings, conservatory awnings, and others (vertical awnings and domestic awnings). On the basis of technology, the market is categorized into manual, sensors, remote control, and motorized. By end-user industry, the market is bifurcated into commercial and residential. By geography, the market is analyzed across North America, Asia-Pacific, Europe, and LAMEA.
he key players operating in the global retractable awnings market are Advanced Design Awning & Sign, Awning Company of America, Advanced Awning Company, Awnings & Canopies, Boulevard Awning Company, Caroll Awning, Eide Industries, French Awning & Screen Company, Roche Systems Ltd., and Thompson.
- The study provides an in-depth analysis of the global retractable awnings industry and current & future trends to elucidate the imminent investment pockets.
- Information about key drivers, restrains, and opportunities and their impact analysis on the market is provided.
- Porters Five Forces analysis illustrates the potency of buyers & suppliers operating in the industry.
- The quantitative analysis of the global retractable awnings market from 2017 to 2023 is provided to determine the market potential.
Retractable Awnings Market Key Segments:
By Product Type
- Others (Vertical Awnings and Domestic Awnings)
- Remote Control
By End User Industry
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East
Key Market Players
- Advanced Design Awning & Sign
- Awning Company of America
- Advanced Awning Company
- Awnings & Canopies
- Boulevard Awning Company
- Caroll Awning
- Eide Industries
- French Awning & Screen Company
- Roche Systems Ltd.