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Retractable Awning Market By Product, Retracting ), By Material, By Application and Geography
Retractable Awning Market By Product, Retracting ), By Material, By Application and Geography
Retractable Awning Market size was valued at US$ 6,528.1 million in 2022 and is poised to grow at a CAGR of 8.5% from 2024-2030. The increasing preference of consumers towards home remodeling, sunray protection, and building re-structuring is significantly contributing to the market demand. Additionally, under the commercial retractable awnings market, a frequent increase in the number of open roofs cafes, restaurants, etc. undoubtedly pushes the market demand. Moreover, there has been creditable progress in the market, along with the customization of products over the past periods. Manufacturers are enhancing their products as per consumer needs which provides high efficiency, hence, the product has undergone noteworthy changes in development for making a place in the updated market.
For instance, manufacturers are presenting awnings that replicate high durability and efficiency in protection from UV rays. This better and more innovative version of products is expected to expand the market in the forecasted period. Because of this technology investments take a large share of the market's growth potential. It has observed a negative impact on the global retractable awnings market during COVID-19. Several organizations were hit due to the closure of manufacturing units. The market was hampered due to restrictions on construction manufacturing, and transportation activities. The lack of accessibility of products further affected the growth of the retractable awnings market. Nevertheless, the world economy will regain by reopening industries and resuming its services. Investing in advanced technology for the improvised version of products in upcoming times would expect to expand the global retractable Market.
Retractable Awning Market Key Developments:
In January 2020, Airxcel Inc. and Fisher Group Inc. patented an improved retractable awning for mobile dwellings and for further installation places.
Study Period
2024-2030Base Year
2023CAGR
8.5%Largest Market
North AmericaFastest Growing Market
Asia Pacific
People are more likely to move towards comfort and luxurious lives which is expected to push the market in upcoming years. Thus, the market for retractable awning is growing due to the rising consumer preferences for open spaces, which increases the market demand. Additionally, advancements and innovations provide opportunities to expand the market. Customers are always in search of better products with time. Material plays a vital role while choosing retractable awnings as better material provides improved UV filtration efficiency attached with enhanced durability. Organizations are investing in research and developmental actions to incorporate technologically advanced material-based retractable awnings, which are up to date with the market trend. The expansion of the Retractable Awning market is hampered by the high cost of retractable awnings as related to regular awnings.
The Retractable Awning market in North America is likely to hold a substantial revenue share in 2021, and, in the following years, it is predicted to increase rapidly. The primary driver for the globally retractable awning market is increasing residential reconstruction in these regions. Additionally, the presence of key market players in the region is expected to propel the market demand in the forecasted years. Luxurious and comfortable lives require these products which expand the market worldwide. The Asia Pacific is witnessing to expand at the fastest growth in upcoming years. The growth is boosted by increasing product acceptance in the commercial sector, especially in developing countries.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 6,528.1 million |
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Market CAGR |
8.5% |
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By Product Type |
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By Retracting type |
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By Material |
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The retractable awning market size was valued at US$ 6,528.1 million in 2022 and is poised to grow at a CAGR of 8.5%
Commercial Awnings Ltd., Patio Shades Retractable Awnings, Eide Industries, Inc., Sunair Awnings, Marygrove Awnings
North America is the fastest-growing region for the retractable awning market
| 1. Executive Summary |
| 2. Global Retractable Awning Market Introduction |
| 2.1. Global Retractable Awning Market – Taxonomy |
| 2.2. Global Retractable Awning Market –Definitions |
| 2.2.1. Product Type |
| 2.2.2. Retracting Type |
| 2.2.3. Material |
| 2.2.4. Application |
| 2.2.5. Geography |
| 3. Global Retractable Awning Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Retractable Awning Market Dynamic Factors - Impact Analysis |
| 3.6. Global Retractable Awning Market – Competition Landscape |
| 4. Global Retractable Awning Market Analysis 2019 - 2023 and Forecast, 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Retractable Awning Market, By Product Type, 2019 - 2023 and Forecast, 2024 - 20230 (Revenue, USD Mn) |
| 5.1. Window Retractable Awnings |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Patio Retractable Awnings |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Smart Retractable Awnings |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Freestanding Retractable Awnings |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6. Global Retractable Awning Market, By Retracting Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1. Motorized Retractable Awnings |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Manual Retractable Awnings |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Others (Remote Control) |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7. Global Retractable Awning Market Forecast, By Material, 2019 - 2023and Forecast, 2024 - 20230 (Revenue, USD Mn) |
| 7.1. Metal |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Vinyl |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Fiberglass |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Others (Acrylic) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 8. Global Retractable Awning Market Forecast, By Application, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.1. Residential |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Commercial |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 9. Global Retractable Awning Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 20230 (Revenue, USD Mn) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Europe |
| 9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Asia-Pacific |
| 9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Latin America |
| 9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Middle East and Africa |
| 9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 9.6. Global Retractable Awning Market - Opportunity Analysis Index, By Product Type, Retracting Type, Material Type, Application, and Region, 2024 - 2030 |
| 10. North America Retractable Awning Market Analysis,2017–2021 and Forecast, 2024 - 20230 (Revenue, USD Mn) |
| 10.1. Product Type Analysis 2019 - 2023and Forecast 2024 - 2030by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Window Retractable Awnings |
| 10.1.2. Patio Retractable Awnings |
| 10.1.3. Smart Retractable Awnings |
| 10.1.4. Freestanding Retractable Awnings |
| 10.2. Retracting Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Motorized Retractable Awnings |
| 10.2.2. Manual Retractable Awnings |
| 10.2.3. Others (Remote Awnings) |
| 10.3. Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Metal |
| 10.3.2. Vinyl |
| 10.3.3. Fiberglass |
| 10.3.4. Others (Acrylic) |
| 10.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Residential |
| 10.4.2. Commercial |
| 10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.5.1. USA |
| 10.5.2. Canada |
| 10.6. North America Retractable Awning Market - Opportunity Analysis Index, By Product Type, Retracting Type, Material Type, Application, and Country, 2024 - 2030 |
| 10.7. North America Retractable Awning Market Dynamics – Trends |
| 11. Europe Retractable Awning Market Analysis, 2019 - 2023 and Forecast, 2024 - 20230 (Revenue, USD Mn) |
| 11.1. Product Type Analysis 2019 - 2023and Forecast 2024 - 2030by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Window Retractable Awnings |
| 11.1.2. Patio Retractable Awnings |
| 11.1.3. Smart Retractable Awnings |
| 11.1.4. Freestanding Retractable Awnings |
| 11.2. Retracting Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Motorized Retractable Awnings |
| 11.2.2. Manual Retractable Awnings |
| 11.2.3. Others (Remote Awnings) |
| 11.3. Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Metal |
| 11.3.2. Vinyl |
| 11.3.3. Fiberglass |
| 11.3.4. Others (Acrylic) |
| 11.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. Residential |
| 11.4.2. Commercial |
| 11.5. Country Analysis 2019 - 2023and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.5.1. Germany |
| 11.5.2. UK |
| 11.5.3. France |
| 11.5.4. Spain |
| 11.5.5. Italy |
| 11.5.6. Russia |
| 11.5.7. Poland |
| 11.5.8. Rest of Europe |
| 11.6. Europe Retractable Awning Market - Opportunity Analysis Index, By Product Type, Retracting Type, Material Type, Application, and Country, 2024 - 2030 |
| 11.7. Europe Retractable Awning Market Dynamics – Trends |
| 12. Asia-Pacific Retractable Awning Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 12.1. Product Type Analysis 2019 - 2023and Forecast 2024 - 2030by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Window Retractable Awnings |
| 12.1.2. Patio Retractable Awnings |
| 12.1.3. Smart Retractable Awnings |
| 12.1.4. Freestanding Retractable Awnings |
| 12.2. Retracting Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Motorized Retractable Awnings |
| 12.2.2. Manual Retractable Awnings |
| 12.2.3. Others (Remote Awnings) |
| 12.3. Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Metal |
| 12.3.2. Vinyl |
| 12.3.3. Fiberglass |
| 12.3.4. Others (Acrylic) |
| 12.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Residential |
| 12.4.2. Commercial |
| 12.5. Country Analysis2017–2021and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.5.1. Japan |
| 12.5.2. China |
| 12.5.3. India |
| 12.5.4. ASEAN |
| 12.5.5. Australia & New Zealand |
| 12.5.6. Rest of Asia-Pacific |
| 12.6. Asia-Pacific Retractable Awning Market - Opportunity Analysis Index, By Product Type, Retracting Type, Material Type, Application, and Country, 2024 - 2030 |
| 12.7. Asia-Pacific Retractable Awning Market Dynamics – Trends |
| 13. Latin America Retractable Awning Market Analysis,2019 - 2023 and Forecast, 2024 - 20230 (Revenue, USD Mn) |
| 13.1. Product Type Analysis 2019 - 2023and Forecast 2024 - 2030by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Window Retractable Awnings |
| 13.1.2. Patio Retractable Awnings |
| 13.1.3. Smart Retractable Awnings |
| 13.1.4. Freestanding Retractable Awnings |
| 13.2. Retracting Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.2.1. Motorized Retractable Awnings |
| 13.2.2. Manual Retractable Awnings |
| 13.2.3. Others (Remote Awnings) |
| 13.3. Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.3.1. Metal |
| 13.3.2. Vinyl |
| 13.3.3. Fiberglass |
| 13.3.4. Others (Acrylic) |
| 13.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Residential |
| 13.4.2. Commercial |
| 13.5. Country Analysis 2019 - 2023and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.5.1. Brazil |
| 13.5.2. Mexico |
| 13.5.3. Argentina |
| 13.5.4. Rest of Latin America |
| 13.6. Latin America Retractable Awning Market - Opportunity Analysis Index, By Product Type, Retracting Type, Material Type, Application, and Country, 2024 - 2030 |
| 13.7. Latin America Retractable Awning Market Dynamics – Trends |
| 14. Middle East and Africa Retractable Awning Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 14.1. Product Type Analysis 2019 - 2023and Forecast 2024 - 2030by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1. Window Retractable Awnings |
| 14.1.2. Patio Retractable Awnings |
| 14.1.3. Smart Retractable Awnings |
| 14.1.4. Freestanding Retractable Awnings |
| 14.2. Retracting Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 14.2.1. Motorized Retractable Awnings |
| 14.2.2. Manual Retractable Awnings |
| 14.2.3. Others (Remote Awnings) |
| 14.3. Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 14.3.1. Metal |
| 14.3.2. Vinyl |
| 14.3.3. Fiberglass |
| 14.3.4. Others (Acrylic) |
| 14.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 14.4.1. Residential |
| 14.4.2. Commercial |
| 14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 14.5.1. Gulf Cooperation Council (GCC) Countries |
| 14.5.2. Israel |
| 14.5.3. South Africa |
| 14.5.4. Rest of MEA |
| 14.6. MEA Retractable Awning Market - Opportunity Analysis Index, By Product Type, Retracting Type, Material Type, Application, and Country, 2022 – 2028 |
| 14.7. MEA Retractable Awning Market Dynamics – Trends |
| 15. Competition Landscape |
| 15.1. Strategic Dashboard of Top Market Players |
| 15.2. Company Profiles (Introduction, Financial Analysis, Product Type& Service Testing Types, Key Developments, Strategies, and SWOT Analysis) |
| 15.2.1. Markilux USA, Inc. |
| 15.2.2. Commercial Awnings Ltd. |
| 15.2.3. Patio Shades Retractable Awnings |
| 15.2.4. Eide Industries, Inc. |
| 15.2.5. Sunair Awnings |
| 15.2.6. Marygrove Awnings |
| 15.2.7. MITJAVILA |
| 15.2.8. NulmagePro & Nulmage Awnings |
| 15.2.9. Sunesta |
| 15.2.10. Warema Renkhoff SE |
| 15.2.11. Advanced Design Awnings & Signs |
| 16. Research Methodology |
| 17. Key Assumptions and Acronyms |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.