Awnings are sheets of fabric or other materials supported by an aluminum, steel, or wood structure. They can be used for sunshine proof of home, window, patio, and gardens. It is cheaper than concrete shades roofing shelter. Moreover, it make the house more beautiful and protects furniture, flooring, and artwork from sun damage. They have numerous applications that both in the commercial and residential sectors prove beneficial. Factors like expanded living space and sun protection, advances in fabric material, and luxury building embellishment drive market growth. Furthermore, smart awnings with sensors are expected to push the growth of the global awning industry in stormy or rainy weather. The global awning market was valued at $6,765.8 million in 2017 and is projected to reach $11,042.7 million in 2025, growing at a CAGR of 6.2%.
In addition, sensor technology in retractable awning senses adverse weather conditions to prevent damage to the product. Moreover, remote-based retractable awning can be closed easily without using manual intervention or going out of the house to fold the awning. However, high purchasing and installation cost of retractable awning is a challenge faced by vendors to tap the residential awning market. In addition, even less expensive fixed awnings are not durable and require frequent change of fabric and maintenance of awning structure.