The Awnings & Canopies Industry: A Look at the Market

​Awnings have been around since ancient times. The Romans used awnings to shade spectators at the Colosseum. Later, businesses and homeowners used these shade structures for their offices, shops, and houses. Over time, the business of awnings became a thriving industry. 

​​In 2015 it was also observed that metal awning sales increased and represented 15 percent of all awnings sold in the U.S., according to that IFAI report.
 
But what does this all mean? It means that as the economy recovers, businesses are seeing growth. This also means that now is the time to think about installing a shade structure like an awning, patio cover, or canopy for your home or business. Just as the IFAI report shows, property values are increasing and now’s the time to think about sprucing up the old homestead or giving your business a fresh new look.

​In 2015, the awnings and canopies industry grew 2.5 percent in the United States and Canada, according to a report by the Industrial Fabrics Association International (IFAI). The growth is due in part to an increase in home values and new home sales jumping by 18 percent, according to the report.
 
The growth in the awnings and canopies market is set to continue in 2016. Homeowners are taking advantage of the increase in their property value and remodeling their houses which is contributing to the growth in the awnings and canopies industry. Sales in the U.S. and Canada are set to increase by 3 percent, according to the IFAI report. 

​And remember to talk to your local awning shop about the newest trends in awnings and canopies; think about metal awnings and the newest specialty fabrics being used. As the industry grows, new innovations are being made and you don’t want to miss out.
 
Now that you know a little more about the awnings and canopies industry, let us know how we can help you. For more information about awnings and shade structures contact American Awning & Blind Co. today. You can also visit us at http://www.americanawningabc.com. Or call us at 800-654-5933. Or email us at info@americanawningabc.com.