The U.S. RV Awnings Market size is expected to reach USD
1.7 billion by 2025, according to a new report by Grand View Research, Inc., at
a 4.2% CAGR during the forecast period. Increasing product demand can be
attributed to increased versatility and numerous benefits rendered by them,
such as protection from the weather.
Increasing
affinity of consumers toward use of electric awnings is a key trend observed in
the market in recent years. Superior properties of electric awnings, such as
decreased retraction and expansion time and ability to install advanced
components such as LED lights, speakers, and fans, is expected to drive demand
for these products. Buyers in the RV awnings market lay high emphasis on the
technology of operation and functionality of awnings as factors impacting
purchasing decisions.
Companies
such as Sunbrella and Herculite are involved in the production of awning
fabrics such as vinyl, acrylic, and polyester vinyl composite materials. Raw
material suppliers provide highly customized fabric material in accordance with
requirements and demand.
Most fabrics
used in RV awnings are either acrylic or vinyl. Companies in the country have
been investing significantly in R&D activities in a bid to produce advanced
fabrics for use in RV awnings. Advanced fabrics aid in increasing the
operational lifetime of the awning.
Browse
Details of Report @
https://www.grandviewresearch.com/industry-analysis/us-recreational-vehicle-rv-awnings-market
https://www.grandviewresearch.com/industry-analysis/us-recreational-vehicle-rv-awnings-market
Further key
findings from the report suggest:
- The RV awnings market is likely to be
driven by increasing technological innovations pertaining to retraction
and expansion of awnings. Introduction of advanced features such as
speakers, LED lights, and automatic retraction systems is expected to
increase product demand over the forecast period
- Demand for electric RV awnings is
expected to rise at a CAGR of 6.2% from 2018 to 2025 in terms of volume.
This is attributed to ease in operation and higher functionality provided
by the product
- The manual awnings segment recorded a
revenue of USD 128.4 million in 2017 on account of high product demand for
installation in low-end recreational vehicles
- Key players operate through a number of
patents related to product design and deployment mechanism, thereby
limiting the threat of new entrants and maintaining a continuous revenue
inflow.
About
Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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