Retractable Awning Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Retractable Awning Market By Product (Window Retractable Awnings, Patio Retractable Awnings, Freestanding Retractable Awnings, and Smart Retractable Awnings), Retracting (Motorized Retractable Awnings Manual Retractable Awnings, and Others (Remote Control)), Material (Vinyl, Fiberglass, Metal, Acrylic, and Others), Application (Residential, and Commercial) and Geography

 

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Report

Description

Retractable Awning Market Size is expected to be valued at USD 6,528.1 million in 2022, growing at an 8.5% CAGR from 2022 to 2028. 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 would expect to expand the market in the forecasted period. Because of this and make technology investments to 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. As 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.

Recent Market Developments:

In January 2020, Airxcel Inc and Fisher Group Inc patented an improved retractable awning for mobile dwellings and for further installation places.

Retractable Awning Market

MARKET SUMMARY
-
8.5%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 8.5%
  • Largest Market– North America
  • Fastest Growing Market– Asia Pacific

Retractable Awning Market

  • The global retractable awning market report gives a comprehensive outlook across the globe with particular emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
  • The report on the global retractable awning market gives historical, current, and future market sizes on the basis of product type, retracting, material, application, and geography.
Key Players
  • Sunair Awnings
  • Marygrove Awnings
  • Markilux USA, Inc.
  • Eide Industries, Inc.
  • Commercial Awnings Ltd.
Retractable Awning Market Dynamics

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.


North-America Got Significant Share

Retractable Awning Market

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
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The retractable awning market report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and startup details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Retractable Awning Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The retractable awning market is projected to expand at a CAGR of 8.5% during the forecast period

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


Report

Table Of Content

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,2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017–2021and Forecast, 2022–2028 (Revenue, USD Mn)
5.1. Window Retractable Awnings
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2021 – 2027 (Revenue, USD Mn)
6.1. Motorized Retractable Awnings
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017–2021and Forecast, 2022–2028 (Revenue, USD Mn)
7.1. Metal
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2021 – 2027 (Revenue, USD Mn)
8.1. Residential
8.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017–2021and Forecast, 2022–2028(Revenue, USD Mn)
9.1. North America
9.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2022 – 2028
10. North America Retractable Awning Market Analysis,2017–2021 and Forecast, 2022–2028(Revenue, USD Mn)
10.1. Product Type Analysis 2017–2021and Forecast 2022 – 2028by 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.4.1. Residential
10.4.2. Commercial
10.5. Country Analysis 2017 – 2021 and Forecast 2022 – 2028by 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, 2022 – 2028
10.7. North America Retractable Awning Market Dynamics – Trends
11. Europe Retractable Awning Market Analysis, 2017–2021 and Forecast, 2022–2028(Revenue, USD Mn)
11.1. Product Type Analysis 2017–2021and Forecast 2022 – 2028by 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.4.1. Residential
11.4.2. Commercial
11.5. Country Analysis 2017–2021and Forecast 2022 – 2028 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, 2022 – 2028
11.7. Europe Retractable Awning Market Dynamics – Trends
12. Asia-Pacific Retractable Awning Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
12.1. Product Type Analysis 2017–2021and Forecast 2022 – 2028by 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2022 – 2028 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, 2022 – 2028
12.7. Asia-Pacific Retractable Awning Market Dynamics – Trends
13. Latin America Retractable Awning Market Analysis,2017 – 2021 and Forecast, 2022–2028(Revenue, USD Mn)
13.1. Product Type Analysis 2017–2021and Forecast 2022 – 2028by 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.4.1. Residential
13.4.2. Commercial
13.5. Country Analysis 2017–2021and Forecast 2022 – 2028 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, 2022 – 2028
13.7. Latin America Retractable Awning Market Dynamics – Trends
14. Middle East and Africa Retractable Awning Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
14.1. Product Type Analysis 2017–2021and Forecast 2022 – 2028by 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.4.1. Residential
14.4.2. Commercial
14.5. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 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

Report

Company Profile

  • Markilux USA, Inc.
  • Commercial Awnings Ltd.
  • Patio Shades Retractable Awnings
  • Eide Industries, Inc.
  • Sunair Awnings
  • Marygrove Awnings
  • MITJAVILA
  • NulmagePro & Nulmage Awnings
  • Sunesta
  • Warema Renkhoff SE
  • Advanced Design Awnings & Signs

Description

Retractable Awning Market Size is expected to be valued at USD 6,528.1 million in 2022, growing at an 8.5% CAGR from 2022 to 2028. 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 would expect to expand the market in the forecasted period. Because of this and make technology investments to 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. As 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.

Recent Market Developments:

In January 2020, Airxcel Inc and Fisher Group Inc patented an improved retractable awning for mobile dwellings and for further installation places.

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