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Motorized and Smart Awnings Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2024

LONDON--(BUSINESS WIRE)--Nov 12, 2020--

Technavio has been monitoring the motorized and smart awnings market and it is poised to grow by USD 717.96 million during 2020-2024, progressing at a CAGR of over 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Download a Free Sample Report on COVID-19

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201112005096/en/

Technavio has announced its latest market research report titled Global Motorized and Smart Awnings Market 2020-2024 (Graphic: Business Wire)

Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries. However, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a Low impact on the motorized and smart awnings market. The market growth in 2020 is likely to decrease compared to market growth in 2019.

Frequently Asked Questions-

  • Based on segmentation by application, which is the leading segment in the market?
  • The door segment is expected to be the leading segment based on application in the global market during the forecast period.
  • What are the major trends in the market?
  • Adoption of smart home products is one of the major trends in the market.
  • At what rate is the market projected to grow?
  • Growing at a CAGR of over 3%, the incremental growth of the market is anticipated to be USD 717.96 million.
  • Who are the top players in the market?
  • Advaning, ALEKO, Americana Outdoors, Awntech Corp., BAT Spa, Futureguard Building Products Inc., LAMDA LEVENTIS SA, Rödelbronn GmbH, Signs NY, and The Scott Fetzer Co. are some of the major market participants.
  • What are the key market drivers and challenges?
  • Technological innovations and portfolio expansions are the major factors driving the market. However, the increase in raw material cost restraints market growth.
  • How big is the North America market?
  • The North America region will contribute 31% of market growth.

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View market snapshot before purchasing

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Advaning, ALEKO, Americana Outdoors, Awntech Corp., BAT Spa, Futureguard Building Products Inc., LAMDA LEVENTIS SA, Rödelbronn GmbH, Signs NY, and The Scott Fetzer Co. are some of the major market participants. Technological innovations and portfolio expansions will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this motorized and smart awnings market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Motorized and Smart Awnings Market 2020-2024: Segmentation

Motorized and Smart Awnings Market is segmented as below:

  • End-user
    • Residential
    • Commercial
  • Geography
    • North America
    • Europe
    • APAC
    • South America
    • MEA
  • Material
    • Acrylic
    • Others
  • Application
    • Door
    • Window
    • Patio and Open Spaces
  • Distribution channel
    • Offline
    • Online

To learn more about the global trends impacting the future of market research, download a free sample:https://www.technavio.com/talk-to-us?report=IRTNTR44387

Motorized and Smart Awnings Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The motorized and smart awnings market report covers the following areas:

  • Motorized and Smart Awnings Market Size
  • Motorized and Smart Awnings Market Trends
  • Motorized and Smart Awnings Market Analysis

This study identifies the adoption of smart home products as one of the prime reasons driving the motorized and smart awnings market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Motorized and Smart Awnings Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist motorized and smart awnings market growth during the next five years
  • Estimation of the motorized and smart awnings market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the motorized and smart awnings market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of motorized and smart awnings market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by application
  • Door - Market size and forecast 2019-2024
  • Window - Market size and forecast 2019-2024
  • Patio and open spaces - Market size and forecast 2019-2024
  • Market opportunity by application

Market Segmentation by End-user

  • Market segments
  • Comparison by end-user
  • Residential - Market size and forecast 2019-2024
  • Commercial - Market size and forecast 2019-2024
  • Market opportunity by End-user

Market Segmentation by Distribution Channel

  • Market segments
  • Comparison by distribution channel
  • Offline - Market size and forecast 2019-2024
  • Online - Market size and forecast 2019-2024
  • Market opportunity by distribution channel

Market Segmentation by Material

  • Market segments
  • Acrylic
  • Others

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Advaning
  • ALEKO
  • Americana Outdoors
  • Awntech Corp.
  • BAT Spa
  • Futureguard Building Products Inc.
  • LAMDA LEVENTIS SA
  • Rödelbronn GmbH
  • Signs NY
  • The Scott Fetzer Co.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20201112005096/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:[email protected]

Website:www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: RETAIL HOME GOODS

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 11/12/2020 02:00 PM/DISC: 11/12/2020 02:01 PM

http://www.businesswire.com/news/home/20201112005096/en

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