Retractable Awnings Market: Fabrics Recognized as a Better Material Choice From a Durability Standpoint

Posted on 2019-05-24 by Mark Hub in Industrial // 0 Comments

Rockville, USA, 2019-May-24 — /EPR Network/ — The retractable awnings market is anticipated to witness emergence of several trends that are expected to shape the supply and demand picture of retractable awnings across countries worldwide. A recent intelligence research report by Fact.MR puts forth some of the key trends that are expected to sketch the future of the retractable awnings market, thereby portraying significant growth opportunities in way of participants involved in the manufacturing of retractable awnings.

Fact.MR has revealed key growth prospects of the retractable awnings market along with opportunity analysis and projections with respect to demand and supply scenario of retractable awnings. According to the report, the retractable awning market is projected to expand at a robust CAGR of 6.7% with respect to value throughout the period of forecast, 2018-2028, during which the demand for retractable awnings is expected to reach its peak in terms of sales volume.

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The retractable awnings market study provides lucid market intelligence on the key revenue growth, industry opportunities drivers, challenges as well as industry trends that will impact the growth trajectory of the retractable awnings market in the long run. An overview of the retractable awnings – in light of the current global consumer goods industry scenario – reveals interesting facets related to the adoption of retractable awnings across key regional markets worldwide.

Retractable Awnings Market: Fabrics Recognized as a Better Material Choice From a Durability Standpoint

Fabric as a material for retractable awnings as gained widespread attention, given its enhanced UV filtering efficiency coupled with better durability. Knowing this factor, companies involved in the manufacturing of retractable awnings are focusing on introducing retractable awnings with advanced material that reflect high durability and effectiveness. Fabrics with no-fade qualities and self cleansing technology have been developed. With increasing preference for texture and depth of the fabric, manufactures of retractable awnings have come up with a woven combination of standard sized yarn and slightly thick slub yarn in order to promote high fabric depth while maintaining stability and enhancing water resistance. This is expected to push the demand for fabric as a superior material for retractable awnings during the period of forecast.

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Retractable Awnings Market: Commercial Sector to Awn More

Momentous growth in the commercial sector, particularly in eateries and retail locations has had a profound impact on the adoption of retractable awnings since the past few years. According to National Restaurant Association, 2017 witnessed a 4.3 percent increase in restaurant sales over 2016, which touched around US$ 800 billion in the year, and is expected to further increase in the forthcoming period, given the increasing consumer spending on dining out over the past few years. That said, the demand for retractable awnings, as part-luxury and part-operational lucrativeness, has been increasing consequently supporting the growth of the retractable awnings market during the period of forecast.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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