Product Code: PM4190
The global canopy market size is expected to reach USD 2.73 billion by 2032, according to a new study by Polaris Market Research. The report "Canopy Market Share, Size, Trends, Industry Analysis Report, By Material (PTFE, ETFE, PVC, Polyester Cloth, Others); By Application (Shade Canopy, Event or Large Canopy, Others); By End-use; By Region; And Segment Forecasts, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The demand for canopies is anticipated to increase due to the provision of expanded outdoor space for seating and recreational purposes resulting from the installation of canopies in nearby residential and non-residential buildings. This trend reflects the growing preference for utilizing outdoor areas for various activities, creating a need for structures like canopies to enhance the functionality and comfort of these spaces.
The growth of the market is expected to be complemented by the increasing penetration of canopies in both commercial and residential sectors. This trend is driven by the growing installation of canopies in residential areas and atop various commercial buildings, serving as protection from heat, wind, and precipitation. The popularity of PTFE canopies is noteworthy, as they offer superior weather resistance, thermal stability, and high durability, making them a preferred choice for various applications.
Canopies are chosen not only for their functional benefits but also for the aesthetic appeal they bring to a space. The robust growth of the residential sector in North American economies, coupled with the increasing trend of enhancing living spaces through beautification using canopies, is expected to drive market growth. Additionally, the rising popularity of inside-outside living concepts and the diverse range of product designs tailored for residential buildings are likely to contribute to an increased demand for canopies in this region.
Key players in the industry distinguish themselves by offering an extensive array of products coupled with well-suited designs and innovative technologies, providing a competitive advantage. The competition among these players often revolves around the ability to provide customized designs that precisely match the requirements of end-users. Various materials such as PTFE, ETFE, PVC, glass, wood, and different metals can be utilized to craft products that seamlessly align with the specific installation needs of the designated area. This emphasis on customization and material versatility allows manufacturers to cater to a diverse range of customer preferences and project specifications.
Canopy Market Report Highlights
The PTFE segment accounted for the largest share, as they are well suited for extreme weather and are easy to use
The non-residentail segment dominated the market, as there is a surge in demand for architectural aesthetics in the private spaces
Europe held the largest share on account of the surge in demand for urban spaces with recreation and adventure activities
APAC will grow at a rapid pace, primarily due to a rise in commercial outlets such as hotels, lodges, and restaurants
The global players include Eide Industries, SUNAIR AWNINGS, Shade Structures, Canopies UK, Lawrence Fabric, Impact Canopies USA, and KD KANOPY.
Polaris Market Research has segmented the canopy market report based on material, application, end use, and region:
Canopy, Material Outlook (Revenue - USD Billion, 2019 - 2032)
- PTFE
- ETFE
- PVC
- Polyester Cloth
- Others
Canopy, Application Outlook (Revenue - USD Billion, 2019 - 2032)
- Shade Canopy
- Event Tent or Large Canopy
- Others
Canopy, End Use Outlook (Revenue - USD Billion, 2019 - 2032)
- Residential
- Non-residential
Canopy, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Canopy Market Insights
- 4.1. Canopy Market - End Use Snapshot
- 4.2. Canopy Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising demand for canopies in residential and automotive applications
- 4.2.1.2. Rising the popularity in residential canopy spur the growth of canopy market
- 4.2.2. Restraints and Challenges
- 4.2.2.1. weather vulnerabilities and market constraints
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Canopy Market End Use Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Canopy Market, by Material
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Canopy Market, by Material, 2019-2032 (USD Billion)
- 5.3. PTFE
- 5.3.1. Global Canopy Market, by PTFE, by Region, 2019-2032 (USD Billion)
- 5.4. ETFE
- 5.4.1. Global Canopy Market, by ETFE, by Region, 2019-2032 (USD Billion)
- 5.5. PVC
- 5.5.1. Global Canopy Market, by PVC, by Region, 2019-2032 (USD Billion)
- 5.6. Polyester Cloth
- 5.6.1. Global Canopy Market, by Polyester Cloth, by Region, 2019-2032 (USD Billion)
- 5.7. Others
- 5.7.1. Global Canopy Market, by Others, by Region, 2019-2032 (USD Billion)
6. Global Canopy Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Canopy Market, by Application, 2019-2032 (USD Billion)
- 6.3. Shade Canopy
- 6.3.1. Global Canopy Market, by Shade Canopy, by Region, 2019-2032 (USD Billion)
- 6.4. Event Tent or Large Canopy
- 6.4.1. Global Canopy Market, by Event Tent or Large Canopy, by Region, 2019-2032 (USD Billion)
- 6.5. Others
- 6.5.1. Global Canopy Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Canopy Market, by End Use
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Canopy Market, by End Use, 2019-2032 (USD Billion)
- 7.3. Residential
- 7.3.1. Global Canopy Market, by Residential, By Region, 2019-2032 (USD Billion)
- 7.4. Non-residential
- 7.4.1. Global Canopy Market, by Non-residential, By Region, 2019-2032 (USD Billion)
8. Global Canopy Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Canopy Market Assessment, By Geography, 2019-2032 (USD Billion)
- 8.3. Canopy Market - North America
- 8.3.1. North America: Canopy Market, by Material, 2019-2032 (USD Billion)
- 8.3.2. North America: Canopy Market, by End Use, 2019-2032 (USD Billion)
- 8.3.3. North America: Canopy Market, by Application, 2019-2032 (USD Billion)
- 8.3.4. Canopy Market - U.S.
- 8.3.4.1. U.S.: Canopy Market, by Material, 2019-2032 (USD Billion)
- 8.3.4.2. U.S.: Canopy Market, by End Use, 2019-2032 (USD Billion)
- 8.3.4.3. U.S.: Canopy Market, by Application, 2019-2032 (USD Billion)
- 8.3.5. Canopy Market - Canada
- 8.3.5.1. Canada: Canopy Market, by Material, 2019-2032 (USD Billion)
- 8.3.5.2. Canada.: Canopy Market, by End Use, 2019-2032 (USD Billion)
- 8.3.5.3. Canada: Canopy Market, by Application, 2019-2032 (USD Billion)
- 8.4. Canopy Market - Europe
- 8.4.1. Europe: Canopy Market, by Material, 2019-2032 (USD Billion)
- 8.4.2. Europe.: Canopy Market, by End Use, 2019-2032 (USD Billion)
- 8.4.3. Europe: Canopy Market, by Application, 2019-2032 (USD Billion)
- 8.4.4. Canopy Market - UK
- 8.4.4.1. UK: Canopy Market, by Material, 2019-2032 (USD Billion)
- 8.4.4.2. UK.: Canopy Market, by End Use, 2019-2032 (USD Billion)
- 8.4.4.3. UK: Canopy Market, by Application, 2019-2032 (USD Billion)
- 8.4.5. Canopy Market - France
- 8.4.5.1. France: Canopy Market, by Material, 2019-2032 (USD Billion)
- 8.4.5.2. France.: Canopy Market, by End Use, 2019-2032 (USD Billion)
- 8.4.5.3. France: Canopy Market, by Application, 2019-2032 (USD Billion)
- 8.4.6. Canopy Market - Germany
- 8.4.6.1. Germany: Canopy Market, by Material, 2019-2032 (USD Billion)
- 8.4.6.2. Germany.: Canopy Market, by End Use, 2019-2032 (USD Billion)
- 8.4.6.3. Germany: Canopy Market, by Application, 2019-2032 (USD Billion)
- 8.4.7. Canopy Market - Italy
- 8.4.7.1. Italy: Canopy Market, by Material, 2019-2032 (USD Billion)
- 8.4.7.2. Italy.: Canopy Market, by End Use, 2019-2032 (USD Billion)
- 8.4.7.3. Italy: Canopy Market, by Application, 2019-2032 (USD Billion)
- 8.4.8. Canopy Market - Spain
- 8.4.8.1. Spain: Canopy Market, by Material, 2019-2032 (USD Billion)
- 8.4.8.2. Spain.: Canopy Market, by End Use, 2019-2032 (USD Billion)
- 8.4.8.3. Spain: Canopy Market, by Application, 2019-2032 (USD Billion)
- 8.4.9. Canopy Market - Netherlands
- 8.4.9.1. Netherlands: Canopy Market, by Material, 2019-2032 (USD Billion)
- 8.4.9.2. Netherlands.: Canopy Market, by End Use, 2019-2032 (USD Billion)
- 8.4.9.3. Netherlands: Canopy Market, by Application, 2019-2032 (USD Billion)
- 8.4.10. Canopy Market - Russia
- 8.4.10.1. Russia: Canopy Market, by Material, 2019-2032 (USD Billion)
- 8.4.10.2. Russia.: Canopy Market, by End Use, 2019-2032 (USD Billion)
- 8.4.10.3. Russia: Canopy Market, by Application, 2019-2032 (USD Billion)
- 8.5. Canopy Market - Asia Pacific
- 8.5.1. Asia Pacific: Canopy Market, by Material, 2019-2032 (USD Billion)
- 8.5.2. Asia Pacific.: Canopy Market, by End Use, 2019-2032 (USD Billion)
- 8.5.3. Asia Pacific: Canopy Market, by Application, 2019-2032 (USD Billion)
- 8.5.4. Canopy Market - China
- 8.5.4.1. China: Canopy Market, by Material, 2019-2032 (USD Billion)
- 8.5.4.2. China.: Canopy Market, by End Use, 2019-2032 (USD Billion)
- 8.5.4.3. China: Canopy Market, by Application, 2019-2032 (USD Billion)
- 8.5.5. Canopy Market - India
- 8.5.5.1. India: Canopy Market, by Material, 2019-2032 (USD Billion)
- 8.5.5.2. India.: Canopy Market, by End Use, 2019-2032 (USD Billion)
- 8.5.5.3. India: Canopy Market, by Application, 2019-2032 (USD Billion)
- 8.5.6. Canopy Market - Malaysia
- 8.5.6.1. Malaysia: Canopy Market, by Material, 2019-2032 (USD Billion)
- 8.5.6.2. Malaysia.: Canopy Market, by End Use, 2019-2032 (USD Billion)
- 8.5.6.3. Malaysia: Canopy Market, by Application, 2019-2032 (USD Billion)
- 8.5.7. Canopy Market - Japan
- 8.5.7.1. Japan: Canopy Market, by Material, 2019-2032 (USD Billion)
- 8.5.7.2. Japan.: Canopy Market, by End Use, 2019-2032 (USD Billion)
- 8.5.7.3. Japan: Canopy Market, by Application, 2019-2032 (USD Billion)
- 8.5.8. Canopy Market - Indonesia
- 8.5.8.1. Indonesia: Canopy Market, by Material, 2019-2032 (USD Billion)
- 8.5.8.2. Indonesia.: Canopy Market, by End Use, 2019-2032 (USD Billion)
- 8.5.8.3. Indonesia: Canopy Market, by Application, 2019-2032 (USD Billion)
- 8.5.9. Canopy Market - South Korea
- 8.5.9.1. South Korea: Canopy Market, by Material, 2019-2032 (USD Billion)
- 8.5.9.2. South Korea.: Canopy Market, by End Use, 2019-2032 (USD Billion)
- 8.5.9.3. South Korea: Canopy Market, by Application, 2019-2032 (USD Billion)
- 8.6. Canopy Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Canopy Market, by Material, 2019-2032 (USD Billion)
- 8.6.2. Middle East & Africa.: Canopy Market, by End Use, 2019-2032 (USD Billion)
- 8.6.3. Middle East & Africa: Canopy Market, by Application, 2019-2032 (USD Billion)
- 8.6.4. Canopy Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Canopy Market, by Material, 2019-2032 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Canopy Market, by End Use, 2019-2032 (USD Billion)
- 8.6.4.3. Saudi Arabia: Canopy Market, by Application, 2019-2032 (USD Billion)
- 8.6.5. Canopy Market - UAE
- 8.6.5.1. UAE: Canopy Market, by Material, 2019-2032 (USD Billion)
- 8.6.5.2. UAE.: Canopy Market, by End Use, 2019-2032 (USD Billion)
- 8.6.5.3. UAE: Canopy Market, by Application, 2019-2032 (USD Billion)
- 8.6.6. Canopy Market - Israel
- 8.6.6.1. Israel: Canopy Market, by Material, 2019-2032 (USD Billion)
- 8.6.6.2. Israel.: Canopy Market, by End Use, 2019-2032 (USD Billion)
- 8.6.6.3. Israel: Canopy Market, by Application, 2019-2032 (USD Billion)
- 8.6.7. Canopy Market - South Africa
- 8.6.7.1. South Africa: Canopy Market, by Material, 2019-2032 (USD Billion)
- 8.6.7.2. South Africa.: Canopy Market, by End Use, 2019-2032 (USD Billion)
- 8.6.7.3. South Africa: Canopy Market, by Application, 2019-2032 (USD Billion)
- 8.7. Canopy Market - Latin America
- 8.7.1. Latin America: Canopy Market, by Material, 2019-2032 (USD Billion)
- 8.7.2. Latin America.: Canopy Market, by End Use, 2019-2032 (USD Billion)
- 8.7.3. Latin America: Canopy Market, by Application, 2019-2032 (USD Billion)
- 8.7.4. Canopy Market - Mexico
- 8.7.4.1. Mexico: Canopy Market, by Material, 2019-2032 (USD Billion)
- 8.7.4.2. Mexico.: Canopy Market, by End Use, 2019-2032 (USD Billion)
- 8.7.4.3. Mexico: Canopy Market, by Application, 2019-2032 (USD Billion)
- 8.7.5. Canopy Market - Brazil
- 8.7.5.1. Brazil: Canopy Market, by Material, 2019-2032 (USD Billion)
- 8.7.5.2. Brazil.: Canopy Market, by End Use, 2019-2032 (USD Billion)
- 8.7.5.3. Brazil: Canopy Market, by Application, 2019-2032 (USD Billion)
- 8.7.6. Canopy Market - Argentina
- 8.7.6.1. Argentina: Canopy Market, by Material, 2019-2032 (USD Billion)
- 8.7.6.2. Argentina.: Canopy Market, by End Use, 2019-2032 (USD Billion)
- 8.7.6.3. Argentina: Canopy Market, by Application, 2019-2032 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. ADVANCED DESIGN AWNINGS & SIGNS
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Canopies UK Ltd.
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Eide Industries, Inc.
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Impact Canopies USA
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. JAY JAY Enterprise
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. KD KANOPY, INC.
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Lawrence Fabric, Inc.
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Shade Structures, Inc.
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. SUNAIR AWNINGS
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development