Awning Market to Reach $11.04 Bn, Globally, by 2025 at 6.2% CAGR, Says Allied Market Research

Awning Market to Reach $11.04 Bn, Globally, by 2025 at 6.2% CAGR, Says Allied Market Research

PR Newswire

PORTLAND, Oregon, October 18, 2018

PORTLAND, Oregon, October 18, 2018 /PRNewswire/ --

Increasing demand for beautification of buildings and advancements in fabric materials would drive the growth of the global awning market 

Allied Market Research published a report, titled, Awning Market by Type (Fixed and Retractable), Product (Patio, Window, Freestanding, and Others), and Industry (Residential and Commercial): Global Opportunity Analysis and Industry Forecast, 2018-2025. The report offers an extensive analysis of the value chain, drivers & opportunities, market size & estimations, key market segments, strategic developments, and competitive landscape. According to the report, the global awning market garnered $6.76 billion in 2017 and is expected to reach $11.04 billion, growing at a CAGR of 6.2% from 2018 to 2025.

     (Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg )

Increasing inclination of people toward beautifying residential and commercial establishments and advancements in fabric materials drive the growth of the market. However, the adverse effects of unreliable, harsh weather conditions such as heavy snowfall and rainfall on the structure restrain the growth of the industry. On the other hand, the ability of awnings to raise the utilization capacity of deck, veranda, patio, and garden coupled with technological innovations in the sector would create new pathways for the market.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/5060

Retractable awning to be lucrative by 2025 

The retractable awning segment accounted for more than one-third of the total market share in 2017 and is expected to maintain its lead position throughout the forecast period. This segment would register the fastest CAGR of 7.3% from 2018 to 2025, owing to its unique motorized technique and increase in its demand across high-end commercial and residential sectors. The fixed awning segment would grow at a moderate rate during the forecast period.

Patio segment to generate the highest revenue by 2025 

The patio segment held the major market share in 2017, accounting for more than one-third of the total market revenue. This is due to the rise in the number of educational institutes, auditoriums, universities, and schools in developed countries. However, the freestanding segment would register the highest CAGR of 7.8% from 2018 to 2025, owing to its growing popularity in commercial and residential spaces. The report also discusses the window and other product segments.

Commercial industry segment to dominate in terms of revenue & growth rate  

Commercial industry contributed nearly two-thirds of the total market share in 2017 and is expected to grow at a CAGR 6.3% from 2018 to 2025. This segment is lucrative due to the heavy inflow of investments for the development of commercial spaces including shops, sports arena, restaurants, hotels, and theaters. The residential industry segment would grow at a moderate rate during the forecast period.

For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/5060

North America to continue being the highest revenue contributor through 2025 

North America contributed more than one-third of the total market share in 2017 and is expected to maintain its lion's share through 2025. This is due to the high demand for improved infrastructure and introduction of retractable awnings for enhanced appearance of outdoor spaces. However, Asia-Pacific region would register the fastest CAGR of 7.3% from 2018 to 2025, owing to the availability of quality fabric, large variety of awning patterns, and high demand for attractive awnings in the commercial sector to decorate outer spaces.

Frontrunners of the industry  

The major market players analyzed in the study include Advanced Design Awning & Sign, Carroll Awning, Awning Company of America, KE Durasol, Eide Industries, NuImage Awnings, Marygrove Awning, Sunesta, Sunair Awnings, and Sunsetter Products. Various strategies such as joint ventures, expansions, collaborations, mergers & acquisitions, partnerships, and others have been adopted by market players to gain a stronghold in the industry.

Clients & Testimonials: https://www.alliedmarketresearch.com/testimonials

Access KNOWLEDGE TREE (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/knowledgetree

Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas. 

Similar Reports: 

Wooden Floor Market - Global Opportunity Analysis and Industry Forecast, 2018 - 2025

Retractable Awnings Market - Global Opportunity Analysis and Industry Forecast, 2017 - 2023

About Us 

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.


Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com

Web: https://www.alliedmarketresearch.com    


Voltar noticias em Inglês