North America Awnings Market 2020 Global Size, Growth Insight, Share, Trends, Industry Key Players, Regional Forecast to 2027

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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