The retractable awnings market accounts for ~4% of global windows and doors market in 2022 and is expected to expand due to its consumer satisfactory advantages. These include adjustable extensions which provides denser shade from glare and direct sunlight compared to that of a window. As an additional benefit, its retraction can be carried out motors or can be done manually as well.
The retractable awnings market is projected to have an absolute $ opportunity of USD 1,291 million during the assessment period of 2022-2032. High demand from residential and non-residential infrastructures can be expected in upcoming 5-years due to their ease of installation on windows and patio. Expansion of construction sector, which is living space for humans all around the globe increased the demand of protection from direct sun rays for residences and beautification of buildings proved to be a major driving factor for the aforementioned product’s market.
Sales of retractable awnings escalated due to technical advancements incurred within the fabric material over past 2-3 years. PVC coated fabric retractable awnings are one of the higher quality products which can easily withstand extreme climatic conditions and makes them invulnerable in heavy rain, snow or storm, thus attracts larger customer base.
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The market demand for retractable awnings is boosting multiple times as customers are getting inclined towards multi-functional retractable awnings. The efficient UV filtration system, creation of cooling effect, maintaining indoor temperature, in addition to consuming less power, is fuelling the market growth in a positive direction.
Key Companies Profiled
- Commercial Awnings Ltd.
- Eide Industries, Inc.
- Marygrove Awnings
- Markilux USA, Inc.
- NulmagePro & Nulmage Awnings
- Patio Shades Retractable Awnings
- Warema Renkhoff SE
- ADVANCED DESIGN AWNINGS & SIGNS
- SUNAIR AWNINGS
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