Retractable Awnings Market Competitive Strategies And Forecasts to 2028

Dublin, Ireland, 2020-Jan-22 — /EPR Network/ — Fact.MR’s Report on Global Retractable Awnings Market

With sales of retractable awnings to remain concentrated in Asia Pacific excluding Japan (APEJ), significant opportunities lie in developed economies of Europe and North America. A new report by Fact.MR compiles the sales and demand scenario of retractable awnings across key regions in the globe. According to the research report, global sales of retractable awnings is expected to surpass US$ 11 Bn by end of the year of assessment (2028), with significant demand for retractable awnings in residential and the commercial sector worldwide..

The retractable awnings market study outlines the key regions – North America, Latin America, Europe and APEJ – along with the countries contributing the most in the respective regions. The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin. Prominent players covered in this research are Thule Group, Stobag, SunSetter Awnings, Markilux, Thompson Awnings Company, Eclipse Awning System LLC, Awntech Corporation, Niantic Awning Company, Eastern Awning Systems and SunAIR Awnings & Solar Screens.

The retractable awnings market report addresses the below-mentioned queries:

  • Why are vendors shifting away from traditional methods of manufacturing retractable awnings market?
  • How does the global retractable awnings market looks like in the next five years?
  • Which end use industry is expected to surpass segment by the end of 2028?
  • What innovative products are being introduced by the players in the global retractable awnings market?
  • Which regions are showing the fastest market growth?

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Increasing preference for home renovations and remodeling continue to drive the demand for retractable awnings, given the large influence of growing purchasing power parity with steady increase in GDP per capita worldwide. Moreover, in the era of automation, manufacturers are enhancing their products to cater to consumer convenience along with higher efficiency and retractable awnings are no exception.

North America region is projected to reflect substantial growth opportunities for retractable awnings, with United States being a major contributor with respect to demand and sales for the product. This can be attributed towards increasing remodeling and home renovations in the country, which is expected to offer potential growth opportunities for retractable awnings. According to the Joint Center for Housing Studies, spend on home up gradation in United States by house owners is poised to increase in the coming years. It has been projected that a spend of around US$ 330 billion is expected to be witnessed per year, driving significant opportunities for retractable awnings.

Crucial insights in the retractable awnings market research:

  • Underlying macro- and microeconomic factors impacting the growth of the retractable awnings market.
  • Basic overview of the retractable awnings market, including market definition, classification, and applications.
  • Scrutinization of each retractable awnings market player based on mergers & acquisitions, R&D projects, and product launches.
  • Adoption trend of retractable awnings market across various industries.
  • Important regions and countries offering lucrative opportunities to retractable awnings market stakeholders.

Reasons to choose Fact.MR:

  • Exhaustive research regarding the market to offer A to Z information.
  • Digital technologies to provide innovative business solutions to the clients.
  • 24/7 availability of services.
  • Interaction with suppliers, vendors, and service providers for precise market landscape.
  • Reports tailored as per the requirements of the clients.

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