COVID-19 Impacts: Motorized and Smart Awnings Market Will Accelerate at a CAGR of Over 3% Through 2020-2024 | Technological Innovations and Product Line Extensions to Boost Growth | Technavio

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, latest trends and drivers, and the overall market environment.

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

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

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. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Technological innovations and product line extensions leading have been instrumental in driving the growth of the market. However, an increase in raw material costs might hamper the market growth.

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

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. Our 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 industry 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.

Motorized and Smart Awnings Market 2020-2024: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the motorized and smart awnings market, including some of the vendors such as Advaning, ALEKO, Americana Outdoors, Awntech Corp., BAT Spa, Futureguard Building Products Inc., LAMDA LEVENTIS SA, Rödelbronn GmbH, Signs NY, and The Scott Fetzer Co. Backed with competitive intelligence and benchmarking, our research reports on the Motorized and Smart Awnings Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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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/20200810005407/en/