Freestanding Retractable Awnings Market Trends, Analysis, Forecast

The surging urbanization across the globe and growing establishment of restaurants, hotels and other places are the major factors fostering the growth of the market in the forecast period of 2022 to 2029. The growing preferences towards home décor, increased living space and sun protection along with growth of real estate across the globe are also projected to bolster the market’s growth within the forecasted period. Additionally, the prevalence of commercial and open spaces along with rising westernization also accelerates the demand for freestanding retractable awnings. However, the extreme weather conditions along with rising need of continuous cleaning within the above-mentioned forecast period. Moreover, the regular cleaning and adverse weather conditions is also projected to hamper the market’s growth within the forecasted period.