Retractable Awnings Market

By Product Type;

Patio, Window, Freestanding and Others

By Retracting Type;

Manual and Motorized

By Application;

Residential and Non-Residential

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn944450741 Published Date: August, 2025 Updated Date: September, 2025

Retractable Awnings Market Overview

Retractable Awnings Market (USD Million)

Retractable Awnings Market was valued at USD 2,980.60 million in the year 2024. The size of this market is expected to increase to USD 4,511.40 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.1%.


Retractable Awnings Market

*Market size in USD million

CAGR 6.1 %


Study Period2025 - 2031
Base Year2024
CAGR (%)6.1 %
Market Size (2024)USD 2,980.60 Million
Market Size (2031)USD 4,511.40 Million
Market ConcentrationMedium
Report Pages327
2,980.60
2024
4,511.40
2031

Major Players

  • Advanced Design Awnings & Signs
  • Carroll Architectural Shade
  • Awning Company of America
  • SUN-AIR AWNINGS.
  • Sunesta

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Retractable Awnings Market

Fragmented - Highly competitive market without dominant players


The Retractable Awnings Market is expanding as consumers seek shading systems that combine comfort, energy efficiency, and design appeal. These awnings provide adjustable protection against sunlight and rain, making them highly versatile. Nearly 55% of demand comes from residential properties, highlighting their significance in outdoor lifestyle improvements.

Residential and Commercial Usage
Over 45% of retractable awning demand is linked to residential and commercial applications. They are valued for their ability to minimize indoor heat, cut energy usage, and create comfortable outdoor areas. Their long-lasting performance and adaptability support their increasing adoption in modern buildings.

Hospitality and Retail Adoption
Approximately 30% of demand is driven by the hospitality and retail industries. Restaurants, cafes, and shops use retractable awnings to enhance guest comfort and expand functional outdoor space. Their aesthetic benefits also play a role in attracting customers and improving brand appeal.

Innovation and Sustainable Solutions
Nearly 35% of market innovations emphasize sustainable materials and smart technologies. Features like motorized retraction, weather sensors, and energy-efficient fabrics are gaining traction, offering convenience while supporting eco-friendly goals. These developments are shaping consumer preferences toward smarter shading systems.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Installation Type
    2. Market Snapshot, By Material
    3. Market Snapshot, By Product
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Retractable Awnings Market Trends
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Demand for Outdoor Living Spaces
        2. Urbanization and Limited Outdoor Space
        3. Energy Efficiency and Sustainability
        4. Customization and Personalization
      2. Restraints
        1. High Initial Cost
        2. Maintenance and Repairs
        3. Limited Durability and Lifespan
        4. Installation Constraints and Building Regulations
      3. Opportunities
        1. Growing Demand for Outdoor Living Spaces
        2. Expansion of Residential Renovation and Remodeling Market
        3. Rise in Commercial Outdoor Dining and Entertainment Spaces
        4. Focus on Sustainable Materials and Green Practices
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Retractable Awnings Market, By Installation Type, 2021 - 2031 (USD Million)

      1. Wall Mounted

      2. Window-Mounted

      3. Freestanding Source

    2. Retractable Awnings Market, By Material, 2021 - 2031 (USD Million)

      1. Aluminum

      2. Fabric

      3. Vinyl

      4. Wood

    3. Retractable Awnings Market, By Product, 2021 - 2031 (USD Million)
      1. Freestanding
      2. Patio
      3. Others
    4. Retractable Awnings Market, By Application, 2021 - 2031 (USD Million)
      1. Residential
      2. Commercial
    5. Retractable Awnings Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia &New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Advanced Design Awnings & Signs
      2. Carroll Architectural Shade
      3. Awning Company of America
      4. SUN-AIR AWNINGS.
      5. Sunesta
  7. Analyst Views
  8. Future Outlook of the Market