San Francisco, 16 June 2020 — “North America Awnings Market Analysis By
Regions (North America, Europe, Asia-Pacific, Latin America and Africa),
Product, By Application And Segment Forecasts To 2027”
The North America Awnings Market size is
expected to value at USD 3.64 billion by 2024. The North America awnings
industry is subject to witness a substantial growth due to the shifting user
preference towards outdoor deck and seating space construction units and
soaring demand for retractable products in residential application. Factors
responsible for sustained market growth in the North America awnings market
include development of remote control assistance, integration of various sun
and wind sensors, and products innovation. Regionally, the North America
awnings industry is predicted to grow at higher CAGR in the forecast period,
providing numerous opportunities for market players to invest in research and
development for the awnings industry.
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Increasing adoption of the
stationary awnings for various commercial applications and growing demand form
hotels, resorts, and retail stores for low cost and high strength stationary
awnings, are expected to drive the growth of North America awnings market over
the forecast period. Additionally, other factors such as ease of installation,
lower repair cost and longer life span of the products are predicted to boost
market demand for awnings in North America region in the upcoming years. However,
easy availability of substitutes such as blinds, shutters, and canopies is
expected to restrain market growth to a certain extent.
Increase in the merger &
acquisition (M&A) strategy by industry players in order to intensify their
market presence and gain competitive edge are predicted to fuel market growth
in years to come. Additionally, vast competition in the market has led to
development of innovative products, thereby propelling market growth, in the
recent years. The recent advancement in buildings & construction sector
coupled with development of the novel products are anticipated to foster market
expansion over the forecast period.
The awnings market is divided by
region as North America, Europe, Asia-Pacific, Latin America and Africa. North
America has shown major growth in recent years owing to the rise in the
implementation of latest technologies, increase in the residential construction
activities in the region, shift in the consumer preference towards outdoor
decks and seating areas, and existence of well-established industrial
infrastructure. Countries such as U.S. and Mexico are leading the North
American market with increase in the number of application in the commercial
sector and significant investment by leading industry players considering
potential growth opportunities in the region.
The key players in the North
America awnings industry are SunSetter Products LP, Sunesta Awnings Co., KE
Durasol Awnings, Inc., Awnings Unlimited Inc., Aristocrat Shade Products Ltd.,
Awnings & Signs, Inc., Awning Company of America, Inc., Carroll Awning Co.
Inc., Eide Industries, Inc., NuImage Awnings, Inc., Marygrove Awnings, Inc.,
Thompson Awning & Shutter Co., and Lloyd's of Millville Inc.
This report studies the global North America Awnings market status
and forecast, categorizes the global North
America Awnings market size (value & volume) by manufacturers, type,
application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South
Korea and Taiwan and other regions.
This research report offers a
comprehensive analysis of key elements of the North America Awnings Market such as potential top key
Manufacturers along with their strengths and weaknesses. The North America Awnings Market report
also comprises some useful strategies and scenario for the new players in the
market. While forecasting the growth of the global North America Awnings market, various statistical tools were
utilized to get an accurate result of the Demographic data.
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