Global Awnings Market Grows Steadily at a CAGR of 6.01%

Introduction

Awnings are secondary coverings attached to the exterior walls of buildings, typically installed above windows, doors, or patios. They are made from materials like canvas, polyester, or acrylic and supported by a frame of aluminum, steel, or wood. Awnings provide shade, reduce indoor temperatures, and protect against rain, sunlight, and UV rays. They improve energy efficiency by minimizing heat gain and can also enhance the aesthetic appeal of homes and commercial spaces. Available in retractable or stationary designs, awnings offer both functional and decorative benefits to outdoor areas.

Market Dynamics

Expanding construction and renovation activities drive the global market

The global awnings market is being significantly driven by the surge in construction and renovation activities across both residential and commercial sectors. With more homeowners and businesses choosing to enhance their properties, there is a growing interest in outdoor features such as awnings.

• A 2024 report by Houzz highlights that home renovation spending in the U.S. has surged, with median expenditure on home upgrades increasing by 60% since 2015. This trend is largely influenced by elevated mortgage rates and a tight housing market, which make relocating less practical for many.

As a result, the heightened focus on home improvement and outdoor space enhancement continues to fuel the demand for awnings in diverse regional markets.

Adoption of eco-friendly and sustainable materials creates tremendous opportunities

The surging emphasis on eco-friendly and sustainable materials in awning production is creating notable opportunities in the global market. Rising environmental consciousness and a strong consumer inclination toward green products are encouraging manufacturers to explore innovative, sustainable alternatives to conventional materials.

• For example, in 2024, companies such as Shade & Beyond launched awning fabrics crafted from recycled polyester derived from post-consumer plastics like PET bottles. This development not only helps minimize plastic waste but also provides durable, weather-resistant shading options.

Moreover, materials such as organic cotton, hemp, and low-VOC coatings are gaining popularity, further accelerating the shift toward sustainable solutions. As both regulatory bodies and consumers push for more environmentally responsible products, the demand for sustainable awning materials is expected to open up lucrative growth avenues.

Regional Analysis

North America is experiencing consistent growth in the global awnings market, fueled by rising investments in home renovations and the popularity of outdoor living spaces. More homeowners are opting for retractable and motorized awnings to boost comfort, lower energy bills, and enhance the visual appeal of their homes. In the U.S., manufacturers such as SunSetter and KE Outdoor Design are meeting these needs by offering customizable, modern designs that blend functionality with style. Moreover, the growing emphasis on energy efficiency across the region, particularly in hotter states like California and Texas, is driving the demand for awnings that help minimize solar heat gain.

Key Highlights

• The global awnings market size was valued at USD 9.92 billion in 2024 and is estimated to grow from USD 10.51 billion in 2025 to reach USD 16.77 billion by 2033, growing at a CAGR of 6.01% during the forecast period (2025–2033).
• By type, the global awnings market is segmented into fixed awnings and retractable awnings (manual and motorized). Retractable awnings dominated the market.
• By product, the market is divided into patio awnings, window awnings, door awnings, freestanding awnings, and others.Patio awnings held the largest market share.
• By end-user, the market includes residential and commercial segments.The residential segment dominates the global market.
• North America is the highest shareholder in the global market.

Competitive Players

1. SunSetter Products
2. Stobag
3. KE Outdoor Design
4. Awning Works
5. Shade and Shutter Systems
6. Eide Industries
7. Lutron Electronics
8. SOMFY Systems Inc.
9. Hunter Douglas

Recent Developments

• In August 2024, Sol-Lux, a subsidiary of Carefree of Colorado with more than five decades of expertise in awning manufacturing, will be making its debut appearance at the 2024 CEDIA Expo.  During the expo, Sol-Lux will present its full line of products, featuring the sleek and smart Mirage and Freedom patio awnings, as well as the fully autonomous EOS window awning.

Segmentation

1. By Type
   1. Fixed Awnings
   2. Retractable Awnings
   3. Manual
   4. Motorized
2. By Product
   1. Patio Awnings
   2. Window Awnings
   3. Door Awnings
   4. Freestanding Awnings
   5. Others
3. By End-User
   1. Residential
   2. Commercial
4. By Regions
   1. North America
   2. Europe
   3. Asia-Pacific
   4. Latin America
   5. The Middle East and Africa