Household Awnings Market: Top Key Vendors, Segmentation, And SWOT Analysis By 20

Posted by anna on January 11th, 2021

Household Awnings: Introduction

• Household awning is a piece of canvas attached to the wall that helps to prevent harsh light and shadows from entering a home, thus maintaining low temperature. The awning helps to protect household goods from sun damage, inclement weather, and harsh environment. It is usually fixed above a window or an entrance to provide shade from the sun and protection from the rain.
• Major players across the globe are introducing household awnings with weather resistant and durable fabric that is found to be effective in protecting furniture and residential goods. This is likely to drive the demand for household awnings in the coming years.

Increasing Residential Construction

• Continuous growth in residential construction across the globe is expected to significantly drive the household awnings market. Rising disposable income of people coupled with improved lifestyles accelerates the market growth. Household awnings also helps end-users to enhance their outdoor living space and architecture by installing it in an area of the home deck or patio. In addition, rising urbanization and development of creative designs with unique patterns, shapes, and color is expected to lead to the growth of the household awnings market in the coming years.

Presence of Alternative Solutions: A Key Restraint

• Despite offering several advantages, end-users consider household awnings to be more expensive than other alternative solutions such as shades, canopies, and umbrellas. End- users are also opting for alternative solutions such as fixed panel solar shade, pergolas, or UV blocking window film in order to maintain the room temperature of residential premises. This may act as a restraint to the global household awnings market. However, rising investment of the residential sector in motorized and smart awnings is expected to create opportunities for the household awnings market.  

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Asia Pacific a Potential Market for Household Awnings

• The global household awnings market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA)
• North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the household awnings market in Europe includes the U.K., Germany, France, and Rest of Europe. Similarly, the market in Asia Pacific comprises India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes GCC, South Africa, and Rest of Middle East & Africa. The household awnings market in South America has been segmented into Brazil and Rest of South America.
• Asia Pacific is expected to remain a potential market for household awnings during the forecast period, owing to a growing residential sector over the past few years in the region