Retractable Awnings Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The retractable awning market is estimated at $ 6,821 million in 2021 and is expected to surpass $ 13,142 million by 2028 and reach a CAGR of 7% from 2022 to 2028. A retractable awning assists as a perfect addition to the housing, thus offering flexibility to skillfully use maximum speed. Extended retractable awning provides perfect shade to open spaces and when retracted, it helps to provide a spacious environment. Retractable awnings are generally manufactured from corrugated fiberglass aluminum and polycarbonate because they have more resistance to harsh weather and are long lasting. An important factor that is expected to boost the growth of the retractable awning market in the predicted period is the rise in acceptance among consumers due to factors such as flexibility, optimizing space usage, helping in the purpose of trendy shading systems, being easy to install, and cost effective. Furthermore, the growth in consumer disposable income produces more of their need for home remodeling is expected to propel the growth of the retractable awning market. In addition, the rise in the commercial sector, especially as restaurants, and cafes tilt toward the idea of open seating areas, is estimated to cushion the growth of the more retractable awning market. On the other hand, extreme weather conditions are further planned in order to observe a significant amount of growth of the retractable awning market in the timeline period.

 

Company Profile

• Eide Industries, Inc.
• Marygrove Awnings
• Markilux USA, Inc.
• MITJAVILA
• NulmagePro & Nulmage Awnings
• Patio Shades Retractable Awnings
• Sunesta
• Warema Renkhoff SE
• ADVANCED DESIGN AWNINGS & SIGNS

 

Market Segmentation

By Type:

• Manual Retractable Awning
• Motorized Retractable Awning

By Application:

• Residential
• Commercial

 

 

Scope of the Report

The research study analyzes the Retractable Awnings Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

 

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

 

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

 

Key Questions Answered by Retractable Awnings Market Report

 

1. What was the Retractable Awnings Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Retractable Awnings Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Retractable Awnings Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.