Global Awnings Market Size to Grow with the Rising Trend of Motorized Awning Solutions
Awnings Market Overview The global awnings market is growing leaps and bounds, witnessing significant market demand. Increased spending by developers on various residential projects has generated a vast demand for awnings in residential sectors. Rapidly improving connectivity and the rising demand for motorized and easy-to-integrate awning systems are major trends in the industry globally. Besides, the increasing integration of automated awnings in smart homes is the prevalent trend among consumers, driving the market’s growth. The wide uptake of awnings is the key driving force escalating the market on the global platform. With lightweight awnings increasingly getting absorbed in the hotel and restaurant industries, the market is expected to witness rising revenues in the years to come. In this regard, Market Research Future (MRFR) states that the global awnings market size are expected to grow at an impressive CAGR during the assessment period (2020–2027). Industry ...