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The Canopy Market was worth $1.89 billion in 2022 and is expected to reach $2.89 billion by 2030, expanding at a CAGR of 5.5% between 2023 and 2030.
Canopy demand would rise if it were installed in a larger percentage of buildings, including homes and businesses. Shade canopies, garden canopies, event canopies, and portable garage canopies are just some of the options. Canopies can also be made out of many other materials, including cloth, metal, glass, and wood. The product's applications range widely, depending on the final usage and the components used to make it. Canopy use in both residential and commercial structures is expected to propel the global canopy market to expand at a compound annual rate. The trend of treating one's indoor space as an extension of one's outdoor environment is a factor in this spread. The growing trend of enlarging outdoor areas by installing canopies is driving growth in this industry. Some buildings use canopies to enhance the environment and attract customers. The building sector has been booming, and with it, the need for canopies around the world. Their primary utility is in providing shelter from the elements, but they are also aesthetically pleasing. The expansion of this market is helped along in part by the tourism industry. More canopies would be needed as more people flocked to hotels, beaches, cafes, and other outdoor constructions.
Demand for canopies is expected to rise in North America and Europe due to the regions' rapidly expanding residential sectors and the rising popularity of inside-outside living. The market is expected to expand as a result of the growing demand for canopies, which provide additional living space as well as aesthetic benefits. As more people use canopies as window coverings, the market for canopies in the United States is likely to expand. The growing popularity of automobile canopies as a means of providing shade for outdoor activities and maximizing the storage space available in homes is also expected to boost demand in the country over the projected period. Shade canopies, event or large canopies, garden canopies, and portable garage canopies are just few of the many types of canopies on the market. Additionally, a canopy can be created from a wide variety of fabrics, metals, glasses, and woods. The product's uses change based on the intended market and the components employed.
Customers have the option of having their canopies tailored to their specific needs. Canopies find application in both domestic and commercial settings. In order to protect themselves from the sun, residents of residential areas often employ canopies. Canopies shield you from the sun's rays and heat so you can relax outside in comfort. Canopies are also popular for usage in festivals, community events, and tours. Walkways connecting two buildings are often covered with canopies to protect pedestrians from rain and snow. A canopy's primary purpose is to protect its occupants from the sun, hail, snow, and rain. Canopies can also be utilized aesthetically, for events or to highlight a certain path or section of a building. Canopies can either stand on their own or extend from an existing structure. It could be held up by the building itself, or by cables, stanchions, or posts embedded in the ground. Canopy materials can be opaque, clear, or translucent.
Since the residential sector is growing rapidly in both the North American and European economies, and inside-outside living is becoming increasingly popular, it is expected that demand for canopies will rise over the projected period. The industry is expected to expand as people seek out canopies for their practical and aesthetic benefits in the home. The global U.S. canopy market is expected to develop as a result of the rising demand for residential canopies to provide shade. Furthermore, it is anticipated that there will be an increase in the installation of car canopies for recreational shade protection and outdoor automobile storage to maximize residential storage capacity over the course of the projection period.
The circulation of coronavirus has disrupted the global trade of building supplies. China is the world's leading exporter of building materials. It is expected that negative developments in the Chinese economy will have a chilling effect on international trade. The international ban on travel has disrupted the global building supply chain. As a result, demand and supply for building materials have effectively stalled around the world. The coronavirus has affected the global trade of construction materials. China is the leading exporter of construction materials worldwide. The bad trends in China's economy are likely to have a chilling effect on global trade. The international trade in construction supplies is impacted by travel bans. This has effectively halted the worldwide market for construction supplies everywhere. Sales of construction materials around the world have slowed and declined this fiscal year as a result of falling consumer demand and spending.
The export and import of building supplies have been impacted by the coronavirus outbreak. China is the world's leading exporter of building materials. It is expected that negative developments in the Chinese economy will have a chilling effect on international trade. Since the corona epidemic in December 2019, manufacturers and investors have been wary of the market for new construction materials due to concerns about an excessive slowdown in economic growth. The international ban on travel has disrupted the global building supply chain. As a result, demand and supply for building materials have effectively stalled around the world.
Companies in China that produce construction materials have been hit particularly hard by the virus because of the lockdown and lack of logistics in the region. Government directives of home quarantine have halted manufacturing of construction materials around the world, posing a significant challenge to the global construction materials business.
Report Coverage
Global Canopy research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Canopy report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Canopy competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Canopy market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Canopy market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Canopy market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Lawrence Fabric and Metal Structures, Sunair Awnings, Shade Structures, Canopies UK and KD Kanopy, Advanced Design Awnings and Signs, Impact Canopy, Eide Industries, JAY JAY Enterprise, Rainier Industries Ltd., ShadeFX Canopies, The Awning Company, B & C Awnings Inc., KE Durasol Awnings, Inc., Carroll Awning Co. Inc., Ace Awnings Inc., Advanced Awning Company, Canopies UK, Aristocrat Shade Products, Inc., Capitol Awning Company, NuImage Awnings, Marygrove Awnings, SunSetter Products LP, Uni-Systems, LLC, FunderMax GmbH
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Canopy market based on the below-mentioned segments:
Global Canopy Market, By Type
Shade Canopy
Event or Large Canopy
Others
Global Canopy market, By Application
Residential
Non-residential
Global Canopy Market, By Material
PTFE
ETFE
PVC
Polyester Cloth
Others
Global Canopy market, Regional Analysis
Canopy demand would rise if it were installed in a larger percentage of buildings, including homes and businesses. Shade canopies, garden canopies, event canopies, and portable garage canopies are just some of the options. Canopies can also be made out of many other materials, including cloth, metal, glass, and wood. The product's applications range widely, depending on the final usage and the components used to make it. Canopy use in both residential and commercial structures is expected to propel the global canopy market to expand at a compound annual rate. The trend of treating one's indoor space as an extension of one's outdoor environment is a factor in this spread. The growing trend of enlarging outdoor areas by installing canopies is driving growth in this industry. Some buildings use canopies to enhance the environment and attract customers. The building sector has been booming, and with it, the need for canopies around the world. Their primary utility is in providing shelter from the elements, but they are also aesthetically pleasing. The expansion of this market is helped along in part by the tourism industry. More canopies would be needed as more people flocked to hotels, beaches, cafes, and other outdoor constructions.
Demand for canopies is expected to rise in North America and Europe due to the regions' rapidly expanding residential sectors and the rising popularity of inside-outside living. The market is expected to expand as a result of the growing demand for canopies, which provide additional living space as well as aesthetic benefits. As more people use canopies as window coverings, the market for canopies in the United States is likely to expand. The growing popularity of automobile canopies as a means of providing shade for outdoor activities and maximizing the storage space available in homes is also expected to boost demand in the country over the projected period. Shade canopies, event or large canopies, garden canopies, and portable garage canopies are just few of the many types of canopies on the market. Additionally, a canopy can be created from a wide variety of fabrics, metals, glasses, and woods. The product's uses change based on the intended market and the components employed.
Customers have the option of having their canopies tailored to their specific needs. Canopies find application in both domestic and commercial settings. In order to protect themselves from the sun, residents of residential areas often employ canopies. Canopies shield you from the sun's rays and heat so you can relax outside in comfort. Canopies are also popular for usage in festivals, community events, and tours. Walkways connecting two buildings are often covered with canopies to protect pedestrians from rain and snow. A canopy's primary purpose is to protect its occupants from the sun, hail, snow, and rain. Canopies can also be utilized aesthetically, for events or to highlight a certain path or section of a building. Canopies can either stand on their own or extend from an existing structure. It could be held up by the building itself, or by cables, stanchions, or posts embedded in the ground. Canopy materials can be opaque, clear, or translucent.
Since the residential sector is growing rapidly in both the North American and European economies, and inside-outside living is becoming increasingly popular, it is expected that demand for canopies will rise over the projected period. The industry is expected to expand as people seek out canopies for their practical and aesthetic benefits in the home. The global U.S. canopy market is expected to develop as a result of the rising demand for residential canopies to provide shade. Furthermore, it is anticipated that there will be an increase in the installation of car canopies for recreational shade protection and outdoor automobile storage to maximize residential storage capacity over the course of the projection period.
The circulation of coronavirus has disrupted the global trade of building supplies. China is the world's leading exporter of building materials. It is expected that negative developments in the Chinese economy will have a chilling effect on international trade. The international ban on travel has disrupted the global building supply chain. As a result, demand and supply for building materials have effectively stalled around the world. The coronavirus has affected the global trade of construction materials. China is the leading exporter of construction materials worldwide. The bad trends in China's economy are likely to have a chilling effect on global trade. The international trade in construction supplies is impacted by travel bans. This has effectively halted the worldwide market for construction supplies everywhere. Sales of construction materials around the world have slowed and declined this fiscal year as a result of falling consumer demand and spending.
The export and import of building supplies have been impacted by the coronavirus outbreak. China is the world's leading exporter of building materials. It is expected that negative developments in the Chinese economy will have a chilling effect on international trade. Since the corona epidemic in December 2019, manufacturers and investors have been wary of the market for new construction materials due to concerns about an excessive slowdown in economic growth. The international ban on travel has disrupted the global building supply chain. As a result, demand and supply for building materials have effectively stalled around the world.
Companies in China that produce construction materials have been hit particularly hard by the virus because of the lockdown and lack of logistics in the region. Government directives of home quarantine have halted manufacturing of construction materials around the world, posing a significant challenge to the global construction materials business.
Report Coverage
Global Canopy research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Canopy report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Canopy competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Canopy market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Lawrence Fabric and Metal Structures, Sunair Awnings, Shade Structures, Canopies UK and KD Kanopy, Advanced Design Awnings and Signs, Impact Canopy, Eide Industries, JAY JAY Enterprise, Rainier Industries Ltd., ShadeFX Canopies, The Awning Company, B & C Awnings Inc., KE Durasol Awnings, Inc., Carroll Awning Co. Inc., Ace Awnings Inc., Advanced Awning Company, Canopies UK, Aristocrat Shade Products, Inc., Capitol Awning Company, NuImage Awnings, Marygrove Awnings, SunSetter Products LP, Uni-Systems, LLC, FunderMax GmbH |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Canopy Market from 2021 to 2030.
- Market Forecast for Canopy Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Canopy competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Canopy
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Canopy market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Canopy market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Lawrence Fabric and Metal Structures, Sunair Awnings, Shade Structures, Canopies UK and KD Kanopy, Advanced Design Awnings and Signs, Impact Canopy, Eide Industries, JAY JAY Enterprise, Rainier Industries Ltd., ShadeFX Canopies, The Awning Company, B & C Awnings Inc., KE Durasol Awnings, Inc., Carroll Awning Co. Inc., Ace Awnings Inc., Advanced Awning Company, Canopies UK, Aristocrat Shade Products, Inc., Capitol Awning Company, NuImage Awnings, Marygrove Awnings, SunSetter Products LP, Uni-Systems, LLC, FunderMax GmbH
Primary Target Market
- Market Players of Canopy
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Canopy market based on the below-mentioned segments:
Global Canopy Market, By Type
Shade Canopy
Event or Large Canopy
Others
Global Canopy market, By Application
Residential
Non-residential
Global Canopy Market, By Material
PTFE
ETFE
PVC
Polyester Cloth
Others
Global Canopy market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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