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Canopy Market Size, Share & Trends Analysis Report by Material (PTFE, ETFE, PVC), Application (Shade Canopy, Event Or Large Canopy), End-use (Residential, Non-residential), Region, and Segment Forecasts, 2023-2030

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    Report

  • 130 Pages
  • November 2023
  • Region: Global
  • Grand View Research
  • ID: 5914542
The global canopy market size is expected to reach USD 2.50 billion by 2030, registering a CAGR of 3.4% from 2023 to 2030, according to the report. Provision for expanded outdoor space for seating and recreational purposes owing to the installation of canopies in nearby residential and non-residential buildings is expected to drive the product demand over the forecast period.

Increasing penetration of the product in commercial and residential sectors is anticipated to complement the growth of the market over the forecast period. This can be attributed to the rising installation of canopies in residential areas and above various commercial buildings for protection from heat, wind, and precipitation. PTFE canopies are widely used on account of their superior weather-resistant characteristics, thermal stability, and high durability.

Canopies are also preferred owing to the aesthetic appeal they impart to a space. Rapid growth of the residential sector in North American economies with rising trend of beautification of expanded living spaces with canopies are likely to propel the market growth. Furthermore, increasing popularity of inside-outside living and the availability of a wide range of product designs suitable for residential buildings are likely to augment the demand for the product.

Major players in the industry offer a wide range of products along with most suitable designs and innovative technology, which aid market players in gaining an edge over their competitors. Most of the players compete on the basis of providing customized designed to suit the exact requirements of end users. A variety of materials including PTFE, ETFE, PVC, glass, wood, and various metals can be used to design a product that is a perfect fit for the area of installation.

Canopy Market Report Highlights

  • The PTFE segment accounted for the largest revenue share of 42.1% in 2022
  • The non- residential segment held the largest revenue share of 69.7% in 2022, owing to extended space along with architectural aesthetics offered by the installation of the products
  • Europe dominated the market and accounted for the largest revenue share of 37.5% in 2022 due to the increasing demand for outdoor spaces in urban areas.
  • Asia Pacific is expected to grow at the fastest CAGR of 4.2% during the forecast period. In Asia Pacific, countries such as China and Australia, accounted for majority share of the market on account of increasing penetration of the product in commercial outlets such as restaurants and hotels.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Material
1.1.2. Application
1.1.3. End-use
1.1.4. Regional scope
1.1.5. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. Internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Material outlook
2.2.2. Application outlook
2.2.3. End-use outlook
2.2.4. Regional outlook
2.3. Competitive Insights
Chapter 3. Canopy Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Value Chain Analysis
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market driver analysis
3.5.2. Market restraint analysis
3.5.3. Industry opportunities & challenges
3.6. Canopy Market Analysis Tools
3.6.1. Industry Analysis - Porter’s
3.6.1.1. Supplier power
3.6.1.2. Buyer power
3.6.1.3. Substitution threat
3.6.1.4. Threat of new entrant
3.6.1.5. Competitive rivalry
3.6.2. PESTEL Analysis
3.6.2.1. Political landscape
3.6.2.2. Technological landscape
3.6.2.3. Economic landscape
3.6.2.4. Social landscape
3.6.2.5. Environmental landscape
3.6.2.6. Legal landscape
Chapter 4. Supplier Portfolio Analysis
4.1. List of Suppliers
4.2. Kraljic Matrix
4.3. Sourcing Best Practices
4.4. Negotiation Strategies
Chapter 5. Canopy: Material Estimates & Trend Analysis
5.1. Canopy Market: Key Takeaways
5.2. Canopy Market: Movement & Market Share Analysis, 2022 & 2030
5.3. PTFE
5.3.1. PTFE market estimates and forecasts, 2018 to 2030 (USD Million)
5.4. ETFE
5.4.1. ETFE market estimates and forecasts, 2018 to 2030 (USD Million)
5.5. PVC
5.5.1. PVC market estimates and forecasts, 2018 to 2030 (USD Million)
5.6. Polyester Cloth
5.6.1. Polyester cloth market estimates and forecasts, 2018 to 2030 (USD Million)
5.7. Others
5.7.1. Others market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 6. Canopy: Application Estimates & Trend Analysis
6.1. Canopy Market: Key Takeaways
6.2. Canopy Market: Movement & Market Share Analysis, 2022 & 2030
6.3. Shade Canopy
6.3.1. Shade canopy market estimates and forecasts, 2018 to 2030 (USD Million)
6.4. Event Tent or Large Canopy
6.4.1. Event tent or large canopy market estimates and forecasts, 2018 to 2030 (USD Million)
6.5. Others
6.5.1. Others market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 7. Canopy: End-use Estimates & Trend Analysis
7.1. Canopy Market: Key Takeaways
7.2. Canopy Market: Movement & Market Share Analysis, 2022 & 2030
7.3. Residential
7.3.1. Residential market estimates and forecasts, 2018 to 2030 (USD Million)
7.4. Non- Residential
7.4.1. Non- residential market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 8. Canopy Market: Regional Estimates & Trend Analysis
8.1. Regional Outlook
8.2. Canopy Market by Region: Key Takeaway
8.3. North America
8.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
8.3.2. U.S.
8.3.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
8.3.3. Canada
8.3.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
8.3.4. Mexico
8.3.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
8.4. Europe
8.4.1. Germany
8.4.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
8.4.2. France
8.4.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
8.4.3. Italy
8.4.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
8.4.4. UK
8.4.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
8.4.5. Spain
8.4.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
8.5. Asia Pacific
8.5.1. China
8.5.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
8.5.2. India
8.5.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
8.5.3. Japan
8.5.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
8.5.4. South Korea
8.5.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
8.5.5. Thailand
8.5.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
8.5.6. Australia
8.5.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
8.6. Central and South America
8.6.1. Brazil
8.6.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
8.7. MEA
8.7.1. Saudi Arabia
8.7.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
Chapter 9. Competitive Landscape
9.1. Recent Developments & Impact Analysis, By Key Market Participants
9.2. Market Participant Categorization
9.2.1. Eide Industries, Inc.
9.2.1.1. Company overview
9.2.1.2. Financial performance
9.2.1.3. Product benchmarking
9.2.1.4. Strategic initiatives
9.2.2. ADVANCED DESIGN AWNINGS & SIGNS
9.2.2.1. Company overview
9.2.2.2. Financial performance
9.2.2.3. Product benchmarking
9.2.2.4. Strategic initiatives
9.2.3. SUNAIR AWNINGS.
9.2.3.1. Company overview
9.2.3.2. Financial performance
9.2.3.3. Product benchmarking
9.2.3.4. Strategic initiatives
9.2.4. Shade Structures, Inc.
9.2.4.1. Company overview
9.2.4.2. Financial performance
9.2.4.3. Product benchmarking
9.2.4.4. Strategic initiatives
9.2.5. Canopies UK Ltd.
9.2.5.1. Company overview
9.2.5.2. Financial performance
9.2.5.3. Product benchmarking
9.2.5.4. Strategic initiatives
9.2.6. Lawrence Fabric, Inc.
9.2.6.1. Company overview
9.2.6.2. Financial performance
9.2.6.3. Product benchmarking
9.2.6.4. Strategic initiatives
9.2.7. Impact Canopies USA
9.2.7.1. Company overview
9.2.7.2. Financial performance
9.2.7.3. Product benchmarking
9.2.7.4. Strategic initiatives
9.2.8. KD KANOPY, INC.
9.2.8.1. Company overview
9.2.8.2. Financial performance
9.2.8.3. Product benchmarking
9.2.8.4. Strategic initiatives
9.2.9. JAY JAY Enterprise
9.2.9.1. Company overview
9.2.9.2. Financial performance
9.2.9.3. Product benchmarking
9.2.9.4. Strategic initiatives
List of Tables
Table 1 List of abbreviation
Table 2 North America canopy market, by material, 2018 - 2030 (USD Million)
Table 3 North America canopy market, by application, 2018 - 2030 (USD Million)
Table 4 North America canopy market, by end-use, 2018 - 2030 (USD Million)
Table 5 North America canopy market, by region, 2018 - 2030 (USD Million)
Table 6 U.S. canopy market, by material, 2018 - 2030 (USD Million)
Table 7 U.S. canopy market, by application, 2018 - 2030 (USD Million)
Table 8 U.S. canopy market, by end-use, 2018 - 2030 (USD Million)
Table 9 Canada canopy market, by material, 2018 - 2030 (USD Million)
Table 10 Canada canopy market, by application, 2018 - 2030 (USD Million)
Table 11 Canada canopy market, by end-use, 2018 - 2030 (USD Million)
Table 12 Mexico canopy market, by material, 2018 - 2030 (USD Million)
Table 13 Mexico canopy market, by application, 2018 - 2030 (USD Million)
Table 14 Mexico canopy market, by end-use, 2018 - 2030 (USD Million)
Table 15 Europe canopy market, by material, 2018 - 2030 (USD Million)
Table 16 Europe canopy market, by application, 2018 - 2030 (USD Million)
Table 17 Europe canopy market, by end-use, 2018 - 2030 (USD Million)
Table 18 Europe canopy market, by region, 2018 - 2030 (USD Million)
Table 19 Germany canopy market, by material, 2018 - 2030 (USD Million)
Table 20 Germany canopy market, by application, 2018 - 2030 (USD Million)
Table 21 Germany canopy market, by end-use, 2018 - 2030 (USD Million)
Table 22 France canopy market, by material, 2018 - 2030 (USD Million)
Table 23 France canopy market, by application, 2018 - 2030 (USD Million)
Table 24 France canopy market, by end-use, 2018 - 2030 (USD Million)
Table 25 Italy canopy market, by material, 2018 - 2030 (USD Million)
Table 26 Italy canopy market, by application, 2018 - 2030 (USD Million)
Table 27 Italy canopy market, by end-use, 2018 - 2030 (USD Million)
Table 28 UK canopy market, by material, 2018 - 2030 (USD Million)
Table 29 UK canopy market, by application, 2018 - 2030 (USD Million)
Table 30 UK canopy market, by end-use, 2018 - 2030 (USD Million)
Table 31 Spain canopy market, by material, 2018 - 2030 (USD Million)
Table 32 Spain canopy market, by application, 2018 - 2030 (USD Million)
Table 33 Spain canopy market, by end-use, 2018 - 2030 (USD Million)
Table 34 Asia Pacific canopy market, by material, 2018 - 2030 (USD Million)
Table 35 Asia Pacific canopy market, by application, 2018 - 2030 (USD Million)
Table 36 Asia Pacific canopy market, by end-use, 2018 - 2030 (USD Million)
Table 37 Asia Pacific canopy market, by region, 2018 - 2030 (USD Million)
Table 38 China canopy market, by material, 2018 - 2030 (USD Million)
Table 39 China canopy market, by application, 2018 - 2030 (USD Million)
Table 40 China canopy market, by end-use, 2018 - 2030 (USD Million)
Table 41 India canopy market, by material, 2018 - 2030 (USD Million)
Table 42 India canopy market, by application, 2018 - 2030 (USD Million)
Table 43 India canopy market, by end-use, 2018 - 2030 (USD Million)
Table 44 Japan canopy market, by material, 2018 - 2030 (USD Million)
Table 45 Japan canopy market, by application, 2018 - 2030 (USD Million)
Table 46 Japan canopy market, by end-use, 2018 - 2030 (USD Million)
Table 47 South Korea canopy market, by material, 2018 - 2030 (USD Million)
Table 48 South Korea canopy market, by application, 2018 - 2030 (USD Million)
Table 49 South Korea canopy market, by end-use, 2018 - 2030 (USD Million)
Table 50 Thailand canopy market, by material, 2018 - 2030 (USD Million)
Table 51 Thailand canopy market, by application, 2018 - 2030 (USD Million)
Table 52 Thailand canopy market, by end-use, 2018 - 2030 (USD Million)
Table 53 Australia canopy market, by material, 2018 - 2030 (USD Million)
Table 54 Australia canopy market, by application, 2018 - 2030 (USD Million)
Table 55 Australia canopy market, by end-use, 2018 - 2030 (USD Million)
Table 56 Central and South America canopy market, by material, 2018 - 2030 (USD Million)
Table 57 Central and South America canopy market, by application, 2018 - 2030 (USD Million)
Table 58 Central and South America canopy market, by end-use, 2018 - 2030 (USD Million)
Table 59 Central and South America canopy market, by region, 2018 - 2030 (USD Million)
Table 60 Brazil canopy market, by material, 2018 - 2030 (USD Million)
Table 61 Brazil canopy market, by application, 2018 - 2030 (USD Million)
Table 62 Brazil canopy market, by end-use, 2018 - 2030 (USD Million)
Table 63 Middle East and Africa canopy market, by material, 2018 - 2030 (USD Million)
Table 64 Middle East and Africa canopy market, by application, 2018 - 2030 (USD Million)
Table 65 Middle East and Africa canopy market, by end-use, 2018 - 2030 (USD Million)
Table 66 Middle East and Africa canopy market, by region, 2018 - 2030 (USD Million)
Table 67 Saudi Arabia canopy market, by material, 2018 - 2030 (USD Million)
Table 68 Saudi Arabia canopy market, by application, 2018 - 2030 (USD Million)
Table 69 Saudi Arabia canopy market, by end-use, 2018 - 2030 (USD Million)
List of Figures
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Canopy: Market outlook
Fig. 9 Canopy: Competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Industry value chain analysis
Fig. 14 Canopy market driver impact
Fig. 15 Canopy market restraint impact
Fig. 16 Canopy market strategic initiatives analysis
Fig. 17 Canopy market: Material movement analysis
Fig. 18 Canopy market: Material outlook and key takeaways
Fig. 19 PTFE market estimates and forecasts, 2018 - 2030
Fig. 20 ETFE market estimates and forecasts, 2018 - 2030
Fig. 21 PVC market estimates and forecasts, 2018 - 2030
Fig. 22 Polyester cloth market estimates and forecasts, 2018 - 2030
Fig. 23 Others market estimates and forecasts, 2018 - 2030
Fig. 24 Canopy market: Application movement analysis
Fig. 25 Canopy market: Application outlook and key takeaways
Fig. 26 Shade canopy market estimates and forecasts, 2018 - 2030
Fig. 27 Event tent or large canopy market estimates and forecasts, 2018 - 2030
Fig. 28 Others market estimates and forecasts, 2018 - 2030
Fig. 29 Canopy market: End-use movement analysis
Fig. 30 Canopy market: End-use outlook and key takeaways
Fig. 31 Residential market estimates and forecasts, 2018 - 2030
Fig. 32 Non- residential market estimates and forecasts, 2018 - 2030
Fig. 33 Global Canopy market: Regional movement analysis
Fig. 34 Global Canopy market: Regional outlook and key takeaways
Fig. 35 North America market estimates and forecasts, 2018 - 2030
Fig. 36 U.S. market estimates and forecasts, 2018 - 2030
Fig. 37 Canada market estimates and forecasts, 2018 - 2030
Fig. 38 Mexico market estimates and forecasts, 2018 - 2030
Fig. 39 Europe market estimates and forecasts, 2018 - 2030
Fig. 40 Germany market estimates and forecasts, 2018 - 2030
Fig. 41 France market estimates and forecasts, 2018 - 2030
Fig. 42 Italy market estimates and forecasts, 2018 - 2030
Fig. 43 UK market estimates and forecasts, 2018 - 2030
Fig. 44 Spain market estimates and forecasts, 2018 - 2030
Fig. 45 Asia Pacific market estimates and forecasts, 2018 - 2030
Fig. 46 China market estimates and forecasts, 2018 - 2030
Fig. 47 India market estimates and forecasts, 2018 - 2030
Fig. 48 Japan market estimates and forecasts, 2018 - 2030
Fig. 49 South Korea market estimates and forecasts, 2018 - 2030
Fig. 50 Thailand market estimates and forecasts, 2018 - 2030
Fig. 51 Australia market estimates and forecasts, 2018 - 2030
Fig. 52 Central and South America market estimates and forecasts, 2018 - 2030
Fig. 53 Brazil market estimates and forecasts, 2018 - 2030
Fig. 54 Middle East and Africa market estimates and forecasts, 2018 - 2030
Fig. 55 Saudi Arabia market estimates and forecasts, 2018 - 2030

Companies Profiled

  • Eide Industries, Inc.
  • ADVANCED DESIGN AWNINGS & SIGNS
  • SUNAIR AWNINGS.
  • Shade Structures, Inc.
  • Canopies UK Ltd.
  • Lawrence Fabric, Inc.
  • Impact Canopies USA
  • KD KANOPY, INC.
  • JAY JAY Enterprise

Methodology

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Table Information