Motorized and Smart Awnings Market: Global Industry Analysis and Forecast 2023-2029

Global Motorized and Smart Awnings Market size is expected to reach nearly US$ 2837 Mn. by 2029 with the CAGR of 3.1% during the forecast period.

Global Motorized and Smart Awnings Market Overview

Awnings are typically used to create a protective barrier for outside walls against the sun. Awnings are constructed of canvas woven from acrylic, cotton, or polyester fibers. It's also possible to make these by laminating vinyl fabric to polyester cloth. These awnings are attached to metallic structures composed of aluminum, steel, iron, or transparent materials by stretching the awning sheet firmly. The truss, planar, or space frame are all variations of this framework construction. Awnings are used to cover the tops of doors, windows, and walkways. The early awning working system, on the other hand, had its drawbacks, such as fabric damage owing to poor design, improper positioning, and awning fabric movement against the wall. Some of these difficulties have been addressed through modernity in the development of motorized and smart awnings. The awning's functions may be operated with a touch of a button or through a smart smartphone.Motorized and Smart Awnings MarketTo know about the Research Methodology :- Request Free Sample Report

Global Motorized and Smart Awnings Market Dynamics

Technological advancements boost the demand for motorized and smart awnings. Customers are anticipating a wide range of premium and luxury smart awning goods in terms of style and quality. Furthermore, the market for motorized and smart awnings is expected to grow in response to rising demand for outdoor furniture, also known as patio furniture that requires protection from the sun and storms. The number of public food and entertainment establishments such as Fast Service Restaurants (FSRs), Quick Service Restaurants (QSRs), bars, and pubs has increased, which is also driving the growth of the market. The market for motorized and smart awnings has grown in recent years as a result of players pitching their products to end customers via online platforms. These players use their online platform to present a variety of styles and product kinds, as well as include various technology features to make their platform dynamic. These reasons are propelling the market for motorized and smart awnings. However, the market for motorized and smart awnings is expected to be hampered by lower-quality goods on the market. Therefore, more customers are projected to be attracted by cost-effective and high-quality items, generating an opportunity for established companies. Players in the market are introducing a variety of control system components, such as fashionable remote controls, sensors, and automation controllers. The cost of raw materials is one of the primary factors impeding the market's growth. Metal, acrylic, plastic polyester, and numerous other textiles are utilized as basic materials in motorized and smart awnings. Manufacturer's and distributors' profit margins have been impacted by rising prices for cloth, metal, and smart-connected gadgets. As a result, the end-user pays a premium price, posing a significant problem for producers. Acrylic prices paid by manufacturers to suppliers are increasing. Acrylic awnings are popular among homeowners because they are less expensive than metal, aluminum, and other types of awnings.

Segmentation Analysis:

By Application, the market is divided into three different segments: doors, windows, and patios, and open areas. In 2019, the door segment was the largest segment of the market, accounting for xx% of the overall market share. However, because of its growing appeal in commercial and residential areas, the patio & open spaces segment is predicted to grow at the fastest rate of xx percent from 2022 to 2029. Motorized and Smart Awnings Market By Distribution Channel, the fastest-growing distribution channel for motorized and smart awnings is e-commerce. Although online retail sites provide easier browsing and a broader product catalogue than physical stores, some customers are likely to prefer shopping in real stores since they can see motorized and smart awnings items before buying them. Nevertheless, showrooming the process by which a customer browses and models a floor and then shops online, frequently at a reduced cost is boosting online sales.

Regional Analysis:

In 2019, North America held the largest market share of the worldwide market, accounting for 31% of the total. The United States is a key market for motorized and smart awnings in the region. The adoption of smart home products is projected to have a significant influence on this region's market. Similarly, Asia-Pacific has a significant market share and is predicted to grow at a high CAGR of xx % during the projected period in the global motorized and smart awnings market. Vertical, stationery, cross arm, terrace, window, and pergola awnings are expected to be in high demand in Europe, with Germany, Italy, the Netherlands, Spain, Switzerland, and Austria leading the way. Furthermore, the region's growing construction industry and rising disposable income in Latin America, the Middle East, and Africa are expected to drive market expansion over the forecast period. The objective of the report is to present a comprehensive analysis of the Global market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Motorized and Smart Awnings Market dynamics, structure by analyzing the market segments and project the Global Motorized and Smart Awnings Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Motorized and Smart Awnings Market make the report investor’s guide.

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Motorized and Smart Awnings Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 2291 Mn.
Forecast Period 2023 to 2029 CAGR: 3.1% Market Size in 2029: US $ 2837 Mn.
Segments Covered: by Application Door Window Patio and Open Spaces
by Distribution Channel Online Offline

Global Motorized and Smart Awnings Market by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest) South America (Brazil, Argetina and Rest of South America)

Global Motorized and Smart Awnings Market Key Players

1. Advaning Awnings (U.S.) 2. AlekoAwning (U.S.) 3. Americana Building Products (U.S.) 4. Awntech Corporation (U.S.) 5. NuImage Awnings (U.S.) 6. Bradcot Awnings Direct (U.K.) 7. Hangzhou SHY Sunshading Technology (China) 8. Lamda Awnings Ltd. (U.K.) 9. Riverside Works Ltd. (U.K.) 10. Rödelbronn GmbH (VARISOL) (Germany) 11. Americana Outdoors 12. BAT Spa 13. Futureguard Building Products Inc 14. LAMDA LEVENTIS SA 15. The Scott Fetzer Co Frequently Asked Questions: 1. Which region has the largest share in Global Motorized and Smart Awnings Market? Ans: North America region held the highest share in 2022. 2. What is the growth rate of Global Motorized and Smart Awnings Market? Ans: The Global market is growing at a CAGR of 3.1 % during forecasting period 2023-2029. 3. What is scope of the Global Motorized and Smart Awnings Market report? Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. What was the Global Motorized and Smart Awnings Market size in 2022? Ans: The Global market was valued at US$ 2291 Mn. In 2022. 5. What is the study period of this Market? Ans: The Global market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Motorized and Smart Awnings Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Motorized and Smart Awnings Market 3.4. Geographical Snapshot of the Motorized and Smart Awnings Market, By Manufacturer share 4. Global Motorized and Smart Awnings Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Motorized and Smart Awnings Market 5. Supply Side and Demand Side Indicators 6. Global Motorized and Smart Awnings Market Analysis and Forecast, 2022-2029 6.1. Global Motorized and Smart Awnings Market Size & Y-o-Y Growth Analysis. 7. Global Motorized and Smart Awnings Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 7.1.1. Door 7.1.2. Window 7.1.3. Patio and Open Spaces 7.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 7.2.1. Online 7.2.2. Offline 8. Global Motorized and Smart Awnings Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Motorized and Smart Awnings Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 9.1.1. Door 9.1.2. Window 9.1.3. Patio and Open Spaces 9.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 9.2.1. Online 9.2.2. Offline 10. North America Motorized and Smart Awnings Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Motorized and Smart Awnings Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 12. Canada Motorized and Smart Awnings Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 13. Mexico Motorized and Smart Awnings Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 14. Europe Motorized and Smart Awnings Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 15. Europe Motorized and Smart Awnings Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Motorized and Smart Awnings Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 17. France Motorized and Smart Awnings Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 18. Germany Motorized and Smart Awnings Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 19. Italy Motorized and Smart Awnings Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 20. Spain Motorized and Smart Awnings Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 21. Sweden Motorized and Smart Awnings Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 22. CIS Countries Motorized and Smart Awnings Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 23. Rest of Europe Motorized and Smart Awnings Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 24. Asia Pacific Motorized and Smart Awnings Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 25. Asia Pacific Motorized and Smart Awnings Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Motorized and Smart Awnings Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 27. India Motorized and Smart Awnings Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 28. Japan Motorized and Smart Awnings Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 29. South Korea Motorized and Smart Awnings Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 30. Australia Motorized and Smart Awnings Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 31. ASEAN Motorized and Smart Awnings Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 32. Rest of Asia Pacific Motorized and Smart Awnings Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 33. Middle East Africa Motorized and Smart Awnings Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 34. Middle East Africa Motorized and Smart Awnings Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Motorized and Smart Awnings Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 36. GCC Countries Motorized and Smart Awnings Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 37. Egypt Motorized and Smart Awnings Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 38. Nigeria Motorized and Smart Awnings Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 39. Rest of ME&A Motorized and Smart Awnings Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 40. South America Motorized and Smart Awnings Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 41. South America Motorized and Smart Awnings Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Motorized and Smart Awnings Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 43. Argentina Motorized and Smart Awnings Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 44. Rest of South America Motorized and Smart Awnings Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Motorized and Smart Awnings Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Applications 45.2.3.2. M&A Key Players, Forward Integration and Backward Integration 45.3. Company Profile : Key Players 45.3.1. BAT Spa 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. Advaning Awnings (U.S.) 45.5. AlekoAwning (U.S.) 45.6. Americana Building Products (U.S.) 45.7. Awntech Corporation (U.S.) 45.8. NuImage Awnings (U.S.) 45.9. Bradcot Awnings Direct (U.K.) 45.10. Hangzhou SHY Sunshading Technology (China) 45.11. Lamda Awnings Ltd. (U.K.) 45.12. Riverside Works Ltd. (U.K.) 45.13. Rödelbronn GmbH (VARISOL) (Germany) 45.14. Americana Outdoors 45.15. BAT Spa 45.16. Futureguard Building Products Inc 45.17. LAMDA LEVENTIS SA 45.18. The Scott Fetzer Co Primary Key Insights
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