Awnings Market Report Scope & Overview:

The Awnings Market size was USD 9006.90 million in 2023 and is expected to Reach USD 14906.39 million by 2031 and grow at a CAGR of 6.5% over the forecast period of 2024-2031.

The growth of the market is driven by the current urbanization trend. As cities grow, outdoor spaces such as patios, balconies and terraces have become essential living spaces. Awnings provide a solution that maximizes the usability of these spaces by providing shade and protection. Additionally, the demand for aesthetically pleasing exterior designs drives the demand for stylish and customizable awning options.

Awnings Market Revenue Analysis

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Concerns about energy efficiency have also driven the awning market forward. By providing shade for windows and outdoor spaces, awnings help regulate indoor temperatures, reducing the need for air conditioning and there by contributing to energy savings. This aspect becomes increasingly important as sustainability and eco-friendly living habits become more and more central to consumer choices.

Advances in technology have brought innovative features to the awning market. Motorized awnings with remote control and sensors adjust to weather conditions for improved user comfort. In addition, solar-powered roofs, incorporating photovoltaic technology, have appeared, allowing for energy generation while providing shade. The retail sector plays an important role in the distribution of awnings, offering a wide range of designs, materials and sizes to meet the diverse needs of customers. From movable awnings that can be adjusted as needed to fixed awnings designed for long-term installation, the market offers options suitable for both residential and commercial environments.



  • Growing trends in urbanization and outdoor living

The demand for effective open space is growing as the urban area expands. Awnings are a solution to this problem, because they create usable and pleasant spaces within dense urban environments such as terraces or decks.

  • Demand for awnings is driven by the necessity of protecting against changes in weather patterns.


  • Increased costs of installation and maintenance

While some consumers, in particular those on price sensitive markets, may be deterred by the initial installation and continuing maintenance costs of awnings, they can nevertheless benefit from a longer lasting advantage.


  • Growth in the commercial and hospitality industry

An increasing number of restaurants, cafes, hotels and event spaces are making investments in outdoor seating areas. There is considerable potential for growth by targeting the business sector.

  • Development of awnings using environmentally friendly materials and sustainable production practices.


  • Limited space and property constraints

There is not sufficient space for awnings installations on all properties, in particular densely inhabited areas. This is the reason that this possibility of customer base is limited.


The war caused the prices of raw materials used to make awnings soar, such as steel and aluminum. Aluminum prices have increased by more than 50% since the start of the war. This is because Russia is the world's second largest aluminum producer and the war has disrupted shipments from the country. As a result, there is less aluminum on the market, which has pushed up prices. This is due to supply chain disruptions and growing demand for these materials from other industries. Oil prices are expected to remain high in times of war. This can put pressure on awning companies as they will need to use more energy to produce awnings. In the United States, steel prices have increased by 20% since the beginning of the war. Demand for awnings in the European Union fell 2% in the first quarter of 2023. 


The economic downturn is expected to have a negative impact on the awning market. This is because consumers tend to cut back on non-essential spending, such as awnings. In addition, the high cost of raw materials such as steel is also expected to put pressure on the market. The awning market in the United States is expected to decline by 2% in 2023. The awning market in Europe is expected to decline by 1% in 2023. The awning market in Asia Pacific is projected to decline by 1%. is expected to grow by 3% by 2023. The economic downturn is expected to have a more pronounced impact on the awning market in developed countries like the United States and Europe. Indeed, consumers in these countries are more likely to reduce non-essential spending. The awning market in developing countries like India and China is predicted to be less affected by the economic downturn. Indeed, consumers in these countries are still in a period of economic growth and are more likely to invest in non-essentials, such as awnings. Commodity prices, such as steel, are expected to remain high during a recession. This could put pressure on companies that provide awnings as they will have to pass these higher costs on to consumers. Credit capacity is expected to decrease during a recession. This can make it difficult for awning businesses to get the financing they need to grow or expand. 


By Type

  • Fixed

  • Retractable

By Product Type

  • Window

  • Patio

  • Freestanding

  • Others

By Application

  • Residential

  • Non-residential

Awnings Market Segmentation Analysis

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Asia Pacific Awnings market is expected to hold the larges market share of almost 40% in the year 2022. China holds the largest market share in this region.

The demand for awnings in the North American region is growing with the significant market share. Awnings is widely consumed in US and production is also high. After the pandemic the mergers and acquisition was at the peak. US Awnings market holds the largest market share in this region and US is also the fastest growing market over the forecast period.

Europe market is expected to grow significantly over the forecast period. The market is expected to grow slow due to the disruptions in the supply chain, high scale manufacturing and decrease in construction activities. There is a demand for the awnings made from ecofriendly materials.


North America

  • US

  • Canada

  • Mexico


  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America    

Key Players

Some major key players in the Awnings market are Durasol Awnings, Awning Company of America Inc, Aristocrat, Carrroll Awning Company, A&A International, Nulmage, Levens Australia, Eide Industries Inc, Orion Blinds, Thompson Awning Company and other players.

Awning Company of America Inc-Company Financial Analysis

Company Landscape Analysis


  • The acquisition of American Awning and Sign by AP Awning Partners was announced in October 2020 and is expected to have a positive impact on the company’s growth

Awnings Market Report Scope:
Report Attributes Details
Market Size in 2023  US$ 9006.90 Bn
Market Size by 2031  US$ 14906.39 Bn
CAGR   CAGR of 6.5 % From 2024 to 2031
Base Year 2023
Forecast Period  2024-2031
Historical Data  2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Type (Fixed, Retractable)
• by Product Type (Window, Patio, Freestanding, Others)
• by Application (Residential, Non-residential)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Company Profiles Durasol Awnings, Awning Company of America Inc, Aristocrat, Carrroll Awning Company, A&A International, Nulmage, Levens Australia, Eide Industries Inc, Orion Blinds, Thompson Awning Company
Key Drivers • Growing trends in urbanization and outdoor living
• Demand for awnings is driven by the necessity of protecting against changes in weather patterns.
Key Restraints • Increased costs of installation and maintenance


Frequently Asked Questions

Ans:  The Awnings  Market is expected to grow at a CAGR of 6.5%.

The Awnings  Market size was USD 9006.90 million in 2023 and is expected to Reach USD 14906.39 million by 2031.

Ans: Growing trends in urbanization and outdoor living is increasing the demand for the awnings.

Ans: Increased costs of installation and maintenance is hampering the market growth.

Ans: Asia Pacific region is dominating the market.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 Impact of Russia-Ukraine war

4.2 Impact of Ongoing Recession

4.2.1 Introduction

4.2.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

4.3 Supply Demand Gap Analysis

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Awnings  Market Segmentation, By Type  

8.1 Fixed

8.2 Retractable

9. Awnings  Market Segmentation, By Product Type

9.1 Window

9.2 Patio

9.3 Freestanding

9.4 Others

10. Awnings  Market Segmentation, By Application

10.1 Residential

10.2 Non-residential

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 North America Awnings  Market by Country

11.2.2North America Awnings  Market By Type

11.2.3 North America Awnings  Market by Product Type

11.2.4 North America Awnings  Market by Application

11.2.5 USA USA Awnings  Market By Type USA Awnings  Market by Product Type USA Awnings  Market by Application

11.2.6 Canada Canada Awnings  Market By Type     Canada Awnings  Market by Product Type Canada Awnings  Market by Application

11.2.7 Mexico Mexico Awnings  Market By Type     Mexico Awnings  Market by Product Type Mexico Awnings  Market by Application

11.3 Europe

11.3.1 Eastern Europe Eastern Europe Awnings  Market by Country Eastern Europe Awnings  Market By Type   Eastern Europe Awnings  Market by Product Type Eastern Europe Awnings  Market by Application Poland Poland Awnings  Market By Type  Poland Awnings  Market by Product Type Poland Awnings  Market by Application Romania Romania Awnings  Market By Type Romania Awnings  Market by Product Type Romania Awnings  Market by Application Turkey Turkey Awnings  Market By Type Turkey Awnings  Market by Product Type Turkey Awnings  Market by Application Rest of Eastern Europe Rest of Eastern Europe Awnings  Market By Type Rest of Eastern Europe Awnings  Market by Product Type Rest of Eastern Europe Awnings  Market by Application

11.3.2 Western Europe Western Europe Awnings  Market by Country Western Europe Awnings  Market By Type Western Europe Awnings  Market by Product Type Western Europe Awnings  Market by Application Germany Germany Awnings  Market By Type Germany Awnings  Market by Product Type Germany Awnings  Market by Application France France Awnings  Market By Type France Awnings  Market by Product Type France Awnings  Market by Application UK UK Awnings  Market By Type UK Awnings  Market by Product Type UK Awnings  Market by Application Italy Italy Awnings  Market By Type Italy Awnings  Market by Product Type Italy Awnings  Market by Application Spain Spain Awnings  Market By Type Spain Awnings  Market by Product Type Spain Awnings  Market by Application Netherlands Netherlands Awnings  Market By Type   Netherlands Awnings  Market by Product Type Netherlands Awnings  Market by Application Switzerland Switzerland Awnings  Market By Type   Switzerland Awnings  Market by Product Type Switzerland Awnings  Market by Application Austria Austria Awnings  Market By Type Austria Awnings  Market by Product Type Austria Awnings  Market by Application Rest of Western Europe Rest of Western Europe Awnings  Market By Type Rest of Western Europe Awnings  Market by Product Type Rest of Western Europe Awnings  Market by Application

11.4 Asia-Pacific

11.4.1 Asia-Pacific Awnings  Market by country

11.4.2 Asia-Pacific Awnings  Market By Type       

11.4.3 Asia-Pacific Awnings  Market by Product Type

11.4.4 Asia-Pacific Awnings  Market by Application

11.4.5 China China Awnings  Market By Type China Awnings  Market by Product Type China Awnings  Market by Application

11.4.6 India India Awnings  Market By Type India Awnings  Market by Product Type India Awnings  Market by Application

11.4.7 Japan Japan Awnings  Market By Type Japan Awnings  Market by Product Type Japan Awnings  Market by Application

11.4.8 South Korea South Korea Awnings  Market By Type South Korea Awnings  Market by Product Type South Korea Awnings  Market by Application

11.4.9 Vietnam Vietnam Awnings  Market By Type Vietnam Awnings  Market by Product Type Vietnam Awnings  Market by Application

11.4.10 Singapore Singapore Awnings  Market By Type Singapore Awnings  Market by Product Type Singapore Awnings  Market by Application                                   

11.4.11 Australia Australia Awnings  Market By Type Australia Awnings  Market by Product Type Australia Awnings  Market by Application

11.4.12 Rest of Asia-Pacific Rest of Asia-Pacific Awnings  Market By Type Rest of Asia-Pacific Awnings  Market by Product Type Rest of Asia-Pacific Awnings  Market by Application

11.5 Middle East & Africa

11.5.1 Middle East Middle East Awnings  Market by Country Middle East Awnings  Market By Type Middle East Awnings  Market by Product Type Middle East Awnings  Market by Application UAE UAE Awnings  Market By Type UAE Awnings  Market by Product Type UAE Awnings  Market by Application Egypt Egypt Awnings  Market By Type Egypt Awnings  Market by Product Type Egypt Awnings  Market by Application Saudi Arabia Saudi Arabia Awnings  Market By Type Saudi Arabia Awnings  Market by Product Type Saudi Arabia Awnings  Market by Application Qatar Qatar Awnings  Market By Type Qatar Awnings  Market by Product Type Qatar Awnings  Market by Application Rest of Middle East Rest of Middle East Awnings  Market By Type Rest of Middle East Awnings  Market by Product Type Rest of Middle East Awnings  Market by Application

11.5.2 Africa Africa Awnings  Market by Country Africa Awnings  Market By Type Africa Awnings  Market by Product Type Africa Awnings  Market by Application Nigeria Nigeria Awnings  Market By Type Nigeria Awnings  Market by Product Type Nigeria Awnings  Market by Application South Africa South Africa Awnings  Market By Type South Africa Awnings  Market by Product Type South Africa Awnings  Market by Application Rest of Africa Rest of Africa Awnings  Market By Type Rest of Africa Awnings  Market by Product Type Rest of Africa Awnings  Market by Application

11.6 Latin America

11.6.1 Latin America Awnings  Market by country

11.6.2 Latin America Awnings  Market By Type

11.6.3 Latin America Awnings  Market by Product Type

11.6.4 Latin America Awnings  Market by Application

11.6.5 Brazil Brazil Awnings Market By Type Brazil Awnings Market by Product Type Brazil Awnings Market by Application

11.6.6 Argentina Argentina Awnings Market By Type Argentina Awnings Market by Product Type Argentina Awnings Market by Application

11.6.7 Colombia Colombia Awnings Market  By Type Colombia Awnings Market  by Product Type Colombia Awnings Market  by Application

11.6.8 Rest of Latin America Rest of Latin America Awnings Market  By Type Rest of Latin America Awnings Market  by Product Type Rest of Latin America Awnings Market  by Application

12 Company profile

12.1 Durasol Awnings

12.1.1 Company Overview

12.1.2 Financial

12.1.3 Products/ Services Offered

12.1.4 SWOT Analysis

12.1.5 The SNS View

12.2 Awning Company of America Inc

12.2.1 Company Overview

12.2.2 Financials

12.2.3 Product/Services Offered

12.2.4 SWOT Analysis

12.2.5 The SNS View

12.3 Aristocrat

12.3.1 Company Overview

12.3.2 Financials

12.3.3 Product/Services Offered

12.3.4 SWOT Analysis

12.3.5 The SNS View

12.4 Carrroll Awning Company

12.4.1 Company Overview

12.4.2 Financials

12.4.3 Product/Services Offered

12.4.4 SWOT Analysis

12.4.5 The SNS View

12.5 A&A International

12.5.1 Company Overview

12.5.2 Financials

12.5.3 Product/Services Offered

12.5.4 SWOT Analysis

12.5.5 The SNS View

12.6 Nulmage

12.6.1 Company Overview

12.6.2 Financials

12.6.3 Product/Services Offered

12.6.4 SWOT Analysis

12.6.5 The SNS View

12.7 Levens Australia

12.7.1 Company Overview

12.7.2 Financials

12.7.3 Product/Services Offered

12.7.4 SWOT Analysis

12.7.5 The SNS View

12.8 Eide Industries Inc

12.8.1 Company Overview

12.8.2 Financials

12.8.3 Product/Services Offered

12.8.4 SWOT Analysis

12.8.5 The SNS View

12.9  Orion Blinds

12.9.1 Company Overview

12.9.2 Financials

12.9.3 Product/Services Offered

12.9.4 SWOT Analysis

12.9.5 The SNS View

12.10 Thompson Awning Company

12.10.1 Company Overview

12.10.2 Financials

12.10.3 Product/Services Offered

12.10.4 SWOT Analysis

12.10.5 The SNS View

13. Competitive Landscape

13.1 Competitive Bench marking

13.2 Market Share Analysis

13.3 Recent Developments

13.3.1 Industry News

13.3.2 Company News

13.3.3 Mergers & Acquisitions

14. Use Case and Best Practices

15. Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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