Toll Free: 1-888-928-9744

Retractable Awnings Market Size, Share & Trends Analysis Report By Product (Freestanding, Patio), By Application (Residential, Commercial), By Region, And Segment Forecasts, 2019 - 2025

Published: Sep, 2019 | Pages: 80 | Publisher: Grand View Research
Industry: Consumer Goods | Report Format: Electronic (PDF)

The global retractable awnings market size is anticipated to reach USD 4.96 billion by 2025, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.4% during the forecast period. These awnings are cost effective, easy to install and they also optimize the space. This factor is anticipated to fuel the product demand. Rising disposable income coupled with increasing home improvement and remodeling projects is projected positively influence the market growth.

The launch of innovative products with improved design and fabrics is anticipated to drive the market growth. For instance, in September 2017, Australia-based Hunter Douglas Limited introduced folding arm awnings under the brand name, 4Viento (FA58) semi-cassette model. The awnings is equipped with automatic retraction motor and provide UV resistance and prevents from moisture and dirt.

Rising demand for homes with decks, patios, and outdoor space in U.S. and Canada is anticipated to drive the demand for retractable awnings. According to a survey by the International Casual Furnishings Association from 2017, around 86% U.S. households had a patio, deck balcony, porch, garden, and other such outdoor living space. Increasing spending on deck and patio furniture and accessories is expected to fuel demand for retractable awnings over the forecast period. For instance, according to the same study, around 66% households in U.S. purchased furniture or accessories for their outdoor space. Such significant demand in the region is projected to positively influence the market growth.

Patio segment held the largest market share in 2018. Increasing demand for homes with patios and decks, especially in North America is the major factor driving the demand for retractable awnings. Freestanding segment, on the other hand, is anticipated to expand at a CAGR of 6.1% from 2019 to 2025. Rising number of outdoor cafes and restaurants, especially in developing countries such as India, China, and Brazil is anticipated to drive the segment growth. By the end of 2021, the number restaurants is expected to double in India, which is expected to fuel the demand for retractable awnings during the upcoming years.

Residential segment held the largest market share of 57.2% in 2018, owing to increasing urbanization, disposable income, and number of residential buildings. Awnings enhance aesthetic value of residential buildings. Moreover, installation of window awnings helps reduce energy consumption as it reduces solar heat gain by 65% to 77%. Such factors are expected to propel the demand for retractable awnings in residential segment.

North America held the largest retractable awnings market share in 2018 owing to the increasing demand for outdoor space in U.S. However, Asia Pacific is anticipated to expand at the fastest CAGR of 9.1% from 2019 to 2025 on account of increasing adoption of the product in commercial sector, especially in countries such as India and China.

Further key findings from the report suggest:

• Patio segment held the largest market share of over 70% in 2018. Growing demand for homes with patio coupled with rising spending on patio accessories is projected to drive the growth

• Residential segment held the largest market share of 57.2% in 2018. Growing number of residential buildings on account of increasing urbanization and double income households coupled with rising consumer preference for homes with outdoor living spaces such as decks and patios is expected to promote the growth

• Commercial segment is anticipated to expand at the fastest CAGR of 8.5% over the forecast period

• North America held the largest market share in 2018. Increasing residential construction in U.S. is the primary demand driver

• The global retractable awnings market is highly competitive in nature with the presence of some of the prominent players such as Advanced Design Awnings & Signs; Carroll Architectural Shade; Awning Company of America; Sunair Awnings & Solar Screens; Sunesta; Eide Industries, Inc.; KE Durasol Awnings Inc.; KE Durasol Awnings Inc.; Marygrove Awning; Craft-Bilt Manufacturing Company; and Lloyd's of Millville
 Table of Contents

Chapter 1. Methodology and Scope
                    1.1. Market Segmentation & Scope
                    1.2. Market Definition
                    1.3. Information Procurement
                        1.3.1. Purchased Database
                        1.3.2. GVR's Internal Database
                        1.3.3. Secondary Sources & Third-Party Perspectives
                        1.3.4. Primary Research
                    1.4. Information Analysis
                        1.4.1. Data Analysis Models
                    1.5. Market Formulation & Data Visualization
                    1.6. Data Validation & Publishing

Chapter 2. Executive Summary
                    2.1. Market Outlook
                    2.2. Segmental Outlook
                    2.3. Competitive Insights

Chapter 3. Retractable Awnings Market Variables, Trends & Scope
                    3.1. Market Introduction
                    3.2. Penetration & Growth Prospect Mapping
                    3.3. Industry Value Chain Analysis
                        3.3.1. Sales/Retail Channel Analysis
                        3.3.2. Profit Margin Analysis
                    3.4. Market Dynamics
                        3.4.1. Market Driver Analysis
                        3.4.2. Market Restraint Analysis
                        3.4.3. Industry Challenges
                        3.4.4. Industry Opportunities
                    3.5. Business Environment Analysis
                        3.5.1. Industry Analysis - Porter's
                            3.5.1.1. Supplier Power
                            3.5.1.2. Buyer Power
                            3.5.1.3. Substitution Threat
                            3.5.1.4. Threat from New Entrant
                            3.5.1.5. Competitive Rivalry
                    3.6. Roadmap of Retractable Awnings Market
                    3.7. Market Entry Strategies

Chapter 4. Consumer Behavior Analysis
                    4.1. Consumer Trends and Preferences
                    4.2. Factors Affecting Buying Decision
                    4.3. Consumer Product Adoption
                    4.4. Observations & Recommendations

Chapter 5. Retractable Awnings Market: Product Estimates & Trend Analysis
                    5.1. Product Movement Analysis & Market Share, 2018 & 2025
                    5.2. Freestanding
                        5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    5.3. Patio
                        5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    5.4. Others
                        5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)

Chapter 6. Retractable Awnings Market: Application Estimates & Trend Analysis
                    6.1. Application Movement Analysis & Market Share, 2018 & 2025
                    6.2. Residential
                        6.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    6.3. Commercial
                        6.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)

Chapter 7. Retractable Awnings Market: Regional Estimates & Trend Analysis
                    7.1. Regional Movement Analysis & Market Share, 2018 & 2025
                    7.2. North America
                        7.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        7.2.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                        7.2.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                        7.2.4. U.S.
                            7.2.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.2.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                            7.2.4.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                    7.3. Europe
                        7.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        7.3.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                        7.3.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                        7.3.4. Germany
                            7.3.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.3.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                            7.3.4.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                        7.3.5. U.K
                            7.3.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.3.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                            7.3.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                        7.3.6. France
                            7.3.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.3.6.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                            7.3.6.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                    7.4. Asia Pacific
                        7.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        7.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                        7.4.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                        7.4.4. China
                            7.4.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.4.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                            7.4.4.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                        7.4.5. India
                            7.4.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.4.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                            7.4.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                    7.5. Central & South America
                        7.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        7.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                        7.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                        7.5.4. Brazil
                            7.5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.5.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                            7.5.4.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                    7.6. Middle East & Africa
                        7.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        7.6.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                        7.6.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)

Chapter 8. Competitive Analysis
                    8.1. Key global players, recent developments & their impact on the industry
                    8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
                    8.3. Vendor Landscape
                        8.3.1. Key company market share analysis, 2018

Chapter 9. Company Profiles
                    9.1. Advanced Design Awnings & Signs
                        9.1.1. Company Overview
                        9.1.2. Financial Performance
                        9.1.3. Product Benchmarking
                        9.1.4. Strategic Initiatives
                    9.2. Carroll Architectural Shade
                        9.2.1. Company Overview
                        9.2.2. Financial Performance
                        9.2.3. Product Benchmarking
                        9.2.4. Strategic Initiatives
                    9.3. Awning Company of America
                        9.3.1. Company Overview
                        9.3.2. Financial Performance
                        9.3.3. Product Benchmarking
                        9.3.4. Strategic Initiatives
                    9.4. SUNAIR AWNINGS.
                        9.4.1. Company Overview
                        9.4.2. Financial Performance
                        9.4.3. Product Benchmarking
                        9.4.4. Strategic Initiatives
                    9.5. Sunesta
                        9.5.1. Company Overview
                        9.5.2. Financial Performance
                        9.5.3. Product Benchmarking
                        9.5.4. Strategic Initiatives
                    9.6. Eide Industries, Inc.
                        9.6.1. Company Overview
                        9.6.2. Financial Performance
                        9.6.3. Product Benchmarking
                        9.6.4. Strategic Initiatives
                    9.7. KE Durasol Awnings Inc.
                        9.7.1. Company Overview
                        9.7.2. Financial Performance
                        9.7.3. Product Benchmarking
                        9.7.4. Strategic Initiatives
                    9.8. Marygrove Awning
                        9.8.1. Company Overview
                        9.8.2. Financial Performance
                        9.8.3. Product Benchmarking
                        9.8.4. Strategic Initiatives
                    9.9. Craft-Bilt Manufacturing Company.
                        9.9.1. Company Overview
                        9.9.2. Financial Performance
                        9.9.3. Product Benchmarking
                        9.9.4. Strategic Initiatives
                    9.10. Lloyd's of Millville.
                        9.10.1. Company Overview
                        9.10.2. Financial Performance
                        9.10.3. Product Benchmarking
                        9.10.4. Strategic Initiatives
List of Tables

1. Retractable Awnings - Key market driver analysis
2. Retractable Awnings - Key market restraint analysis
3. Global freestanding awnings market estimates and forecast, 2015 - 2025 (USD Million)
4. Global patio awnings market estimates and forecast, 2015 - 2025 (USD Million)
5. Global other awnings market estimates and forecast, 2015 - 2025 (USD Million)
6. Global retractable awnings market estimates and forecast for residential, 2015 - 2025 (USD Million)
7. Global retractable awnings market estimates and forecast for commercial, 2015 - 2025 (USD Million)
8. North America retractable awnings market estimates and forecast, 2015 - 2025 (USD Million)
9. North America retractable awnings market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
10. North America retractable awnings market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
11. U.S. retractable awnings market estimates and forecast, 2015 - 2025 (USD Million)
12. U.S. retractable awnings market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
13. U.S. retractable awnings market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
14. Europe retractable awnings market estimates and forecast, 2015 - 2025 (USD Million)
15. Europe retractable awnings market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
16. Europe retractable awnings market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
17. Germany retractable awnings market estimates and forecast, 2015 - 2025 (USD Million)
18. Germany retractable awnings market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
19. Germany retractable awnings market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
20. U.K retractable awnings market estimates and forecast, 2015 - 2025 (USD Million)
21. U.K retractable awnings market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
22. U.K retractable awnings market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
23. France retractable awnings market estimates and forecast, 2015 - 2025 (USD Million)
24. France retractable awnings market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
25. France retractable awnings market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
26. Asia Pacific retractable awnings market estimates and forecast, 2015 - 2025 (USD Million)
27. Asia Pacific retractable awnings market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
28. Asia Pacific retractable awnings market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
29. China retractable awnings market estimates and forecast, 2015 - 2025 (USD Million)
30. China retractable awnings market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
31. China retractable awnings market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
32. India retractable awnings market estimates and forecast, 2015 - 2025 (USD Million)
33. India retractable awnings market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
34. India retractable awnings market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
35. Central & South America retractable awnings market estimates and forecast, 2015 - 2025 (USD Million)
36. Central & South America retractable awnings market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
37. Central & South America retractable awnings market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
38. Brazil retractable awnings market estimates and forecast, 2015 - 2025 (USD Million)
39. Brazil retractable awnings market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
40. Brazil retractable awnings market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
41. Middle East & Africa retractable awnings market estimates and forecast, 2015 - 2025 (USD Million)
42. Middle East & Africa retractable awnings market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
43. Middle East & Africa retractable awnings market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
44. Vendor landscape

List of Figures

1. Retractable Awnings market snapshot
2. Retractable Awnings market segmentation & scope
3. Retractable Awnings market penetration & growth prospect mapping
4. Retractable Awnings value chain analysis
5. Retractable Awnings market dynamics
6. Retractable Awnings market: Porter's analysis
7. Retractable Awnings market: Product movement analysis
8. Retractable Awnings market: Application movement analysis
9. Retractable Awnings market: Regional movement analysis 



To request a free sample copy of this report, please complete the form below.

We never share your personal data. Privacy policy
Interested in this report? Get your FREE sample now! Get a Free Sample
Choose License Type
Single User - US $2450
Multi User - US $5450
Hexareeasearch Know

Did you know?

Research Assistance

Phone: 1-415-349-0054

Toll Free: 1-888-928-9744

Email: [email protected]

Why to buy from us

Custom research service

Speak to the report author to design an exclusive study to serve your research needs.

Information security

Your personal and confidential information is safe and secure.

verify