Awning Market by Type (Fixed, Retractable), by Product (Patio, Window, Freestanding), by Application (Household, Commercial), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2025-2033
The Awning Market size was valued at USD 9.02 Billion in 2023 and is projected to reach USD 15.96 Billion by 2032, exhibiting a CAGR of 6.8 % during the forecast period. Awning is a roof like structure attached to residential or commercial buildings over door, window and sidewalk. It involves wall mounted cassette holding a swathe of fabric which extends and provide shade to the area beneath. As households demands to maximize their outdoor living spaces for entertainment purpose which is expected to increase the demand for awning. Awning is available in different designs and customization options to meet the specific demand of consumers. Manufacturers are focusing on innovation of awning materials that offers resistance in different weather conditions, durability, UV resistance, colorfastness etc. Further, demand of awning is also increasing in commercial spaces such as restaurants, café, hotels, and other commercial establishments to offer outdoor dining and entertainment experience to their customers or guests.
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The awning market is expected to witness significant growth in North America and Europe, driven by increasing disposable income and homeownership rates. Asia-Pacific is emerging as a key market due to rapid urbanization and construction activities.
Consumers are placing increasing emphasis on outdoor living spaces, sun protection, and energy efficiency. They are also seeking aesthetically pleasing and customized awning solutions.
Aspects | Details |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 6.8% from 2019-2033 |
Segmentation |
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Aspects | Details |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 6.8% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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