South Korea Folding Arm Awning Market was valued at USD 0.15 Billion in 2022 and is projected to reach USD 0.25 Billion by 2030, growing at a CAGR of 7.3% from 2024 to 2030.
The South Korea folding anchor market has experienced significant growth in recent years, primarily driven by the increasing demand for compact and efficient anchoring solutions in maritime and industrial sectors. A folding anchor is a specialized device designed to offer the same performance as traditional anchors while being more space-efficient. This compact design makes folding anchors particularly attractive to industries involved in shipping, boating, and even offshore oil and gas exploration, where space is a premium. Their ability to be easily stored and deployed makes them highly preferred for various applications, contributing to the market’s expansion.
In the South Korean market, folding anchors are increasingly required in industries such as shipping, leisure boating, and commercial fishing. With a growing number of recreational boat owners and maritime industries, there is a demand for reliable, space-saving equipment that ensures vessel safety without compromising on performance. The folding anchor market caters to both small-scale recreational use as well as large-scale commercial maritime operations.
The key factors driving the demand for folding anchors include the rising adoption of recreational boating activities and the expansion of the commercial shipping sector in South Korea. Additionally, offshore industries such as oil and gas exploration require robust anchoring solutions for drilling platforms and equipment, contributing further to the folding anchor market's growth. South Korea’s strategic location as a maritime hub also plays a role in increasing demand, as the country is home to some of the largest shipyards and ports in the world.
Furthermore, technological advancements have led to the development of lighter, stronger, and more corrosion-resistant folding anchors, improving their suitability for use in harsh maritime environments. The demand for durable, long-lasting equipment in industries where downtime is costly has also led to a surge in folding anchor applications. As businesses and industries in South Korea continue to grow and evolve, the folding anchor market is expected to maintain its upward trajectory, offering innovative solutions to various sectors.
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Archiproducts
Luxaflex
Markilux
BAT S.p.A.
Weinor
Stobag AG
Glen Raven
Vista Fashions
Gibus
Watsonblinds
Lamda Awnings
Brustor
Ohio Awning
Alutex
Thule Group
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Folding Arm Awning Market
Manual Folding Arm Awnings
Motorized Folding Arm Awnings
Fabric
Aluminum
Steel
Residential
Commercial
Industrial
Wall Mounted
Ceiling Mounted
Manual Operation
Automated Operation
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Folding Arm Awning Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Folding Arm Awning Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Folding Arm Awning Market, By Type
6. South Korea Folding Arm Awning Market, By Application
7. South Korea Folding Arm Awning Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Folding Arm Awning Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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