Market Overview:
The global freestanding retractable awnings market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for these products from commercial and residential applications, and the growing awareness about their benefits among consumers. The global freestanding retractable awnings market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into manual, motorized, sensor-based, and remote control-based systems. The manual segment is expected to account for a major share of the global freestanding retractable awnings market in 2018 owing to its low cost as compared to other types of systems. However, with technological advancements being made in this field on a regular basis, motorized systems are projected to witness high growth during the forecast period. On the basis of application, commercial applications are expected to dominate the global freestanding retractable awnings market in 2018 followed by residential applications.
Product Definition:
Freestanding Retractable Awnings are awnings that do not require any type of exterior wall or roof attachment, and can be placed almost anywhere. They are often used to provide shade and protection from the sun, as well as for aesthetic purposes.
Manual:
Manual retractable awnings are gaining popularity among consumers due to their easy installation and maintenance. These products are made of durable materials such as metal, which helps in providing long-term protection to the structure. The product is available in various sizes, shapes and can be customized according to consumer requirements.
Growing demand for window treatments across residential & commercial sectors has been driving the market over the past few years.
Motorized:
Motorized and it's usage in Freestanding Retractable Awnings market? Motorized retractable awnings are used to provide protection from sun, rain, wind & snow. These products can be operated manually or automatically via a power source. They have high tensile strength and durability which makes them suitable for outdoor applications such as commercial buildings, hotels, restaurants & theaters etc.
Application Insights:
The commercial application segment held the largest share of more than 70.0% in 2017. The growing trend of providing outdoor seating for pubs, restaurants and hotels is expected to be a major factor driving the product demand in this segment over the forecast period. Freestanding retractable awnings are widely used by cafes, restaurants and hotels as an effective way to increase their outdoor seating area without having to invest heavily on renovation works or constructions.
The residential application segment is expected register notable growth over the forecast period owing to increasing consumer preference for home dĩcor that matches with current architectural designs incorporating these products into living spaces as an integral part of exterior design elements.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance throughout the forecast period owing to growing product demand from U.S., Canada, and Mexico. In addition, presence of a large number of manufacturers coupled with high disposable income is also expected to drive growth over next six years. Europe accounted for more than 25% share in 2017 and is estimated to expand at a CAGR of XX% over the forecast period on account of rising product adoption from Germany, France, Italy, and U.K.
Growth Factors:
- Increasing demand for outdoor living spaces: The popularity of outdoor living spaces is increasing among homeowners. This has led to an increase in the demand for freestanding retractable awnings, which can be used to create comfortable and functional outdoor living spaces.
- Rising income levels: Rising income levels are leading to an increase in discretionary spending, which is driving the growth of the freestanding retractable awnings market.
- Technological advancements: The development of new technologies is enabling manufacturers to introduce innovative products in the market, thereby fuelling the growth of the freestanding retractable awnings market.
- Growing awareness about benefits of using retractable awnings: There is growing awareness about the benefits of using retractable awnings among consumers, which is aiding the growth of this market segment.
Scope Of The Report
Report Attributes
Report Details
Report Title
Freestanding Retractable Awnings Market Research Report
By Type
Manual, Motorized, Sensor, Remote Control
By Application
Commercial, Residential
By Companies
Advanced Design Awings & Signs, Carroll Architectural Shade, Awning Company of America, Sunair Awnings, Sunesta, Eide Industries, KE USA, Marygrove Awnings, Craft-Bilt Manufacturing Company, Lloyd's of Millville, French Awning & Screen Company, Roché Systems, Thompson Awning
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Freestanding Retractable Awnings Market Report Segments:
The global Freestanding Retractable Awnings market is segmented on the basis of:
Types
Manual, Motorized, Sensor, Remote Control
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Residential
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Advanced Design Awings & Signs
- Carroll Architectural Shade
- Awning Company of America
- Sunair Awnings
- Sunesta
- Eide Industries
- KE USA
- Marygrove Awnings
- Craft-Bilt Manufacturing Company
- Lloyd's of Millville
- French Awning & Screen Company
- Roché Systems
- Thompson Awning
Highlights of The Freestanding Retractable Awnings Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Manual
- Motorized
- Sensor
- Remote Control
- By Application:
- Commercial
- Residential
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Freestanding Retractable Awnings Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Freestanding retractable awnings are a type of outdoor canopy that can be retracted into the ground, providing shade and protection from the sun. They are typically made out of durable materials, such as metal or plastic, and can be set up quickly and easily using ropes or chains.
Some of the key players operating in the freestanding retractable awnings market are Advanced Design Awings & Signs, Carroll Architectural Shade, Awning Company of America, Sunair Awnings, Sunesta, Eide Industries, KE USA, Marygrove Awnings, Craft-Bilt Manufacturing Company, Lloyd's of Millville, French Awning & Screen Company, Roch© Systems, Thompson Awning.
The freestanding retractable awnings market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Freestanding Retractable Awnings Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Freestanding Retractable Awnings Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Freestanding Retractable Awnings Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Freestanding Retractable Awnings Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Freestanding Retractable Awnings Market Size & Forecast, 2020-2028
4.5.1 Freestanding Retractable Awnings Market Size and Y-o-Y Growth
4.5.2 Freestanding Retractable Awnings Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Manual
5.2.2 Motorized
5.2.3 Sensor
5.2.4 Remote Control
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Residential
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Freestanding Retractable Awnings Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Freestanding Retractable Awnings Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Manual
9.6.2 Motorized
9.6.3 Sensor
9.6.4 Remote Control
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Residential
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Manual
10.6.2 Motorized
10.6.3 Sensor
10.6.4 Remote Control
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Residential
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Manual
11.6.2 Motorized
11.6.3 Sensor
11.6.4 Remote Control
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Residential
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Manual
12.6.2 Motorized
12.6.3 Sensor
12.6.4 Remote Control
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Residential
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Manual
13.6.2 Motorized
13.6.3 Sensor
13.6.4 Remote Control
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Residential
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Freestanding Retractable Awnings Market: Competitive Dashboard
14.2 Global Freestanding Retractable Awnings Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Advanced Design Awings & Signs
14.3.2 Carroll Architectural Shade
14.3.3 Awning Company of America
14.3.4 Sunair Awnings
14.3.5 Sunesta
14.3.6 Eide Industries
14.3.7 KE USA
14.3.8 Marygrove Awnings
14.3.9 Craft-Bilt Manufacturing Company
14.3.10 Lloyd's of Millville
14.3.11 French Awning & Screen Company
14.3.12 Roché Systems
14.3.13 Thompson Awning
