1 / 6

Canopy Market Analysis, Top Companies, Demand, Price and Forecast to 2027

The global Canopy market is forecasted to grow at a rate of 3.9% from USD 1.67 Billion in 2019 to USD 2.23 Billion in 2027.

thomasburnsrnd
Download Presentation

Canopy Market Analysis, Top Companies, Demand, Price and Forecast to 2027

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. CanopyMarket To Reach USD2.23 Billion By2027 www.reportsanddata.com

  2. MarketSummary The global Canopy marketis forecast to reach USD 2.23 Billion by 2027, according to a new report by Reports and Data. The global canopy market is driven by the growing penetration of canopies in various residential and non-residential activities and by the provision of expanded outdoor space for seating and recreation. Increasing canopy installation in several residential and commercial buildings to protect against wind, heat, and precipitation would boost the global canopy market. Besides, the growing residential sector in developed nations combined with the increasing trend to embellish expanded urban areas offered by the canopies would further accelerate the expansion of the canopy market in the comingyears. Canopies are used for shelter, events, gardens, and portables ones for garages. Also, it can be built and fabricated using various materials such as a variety of fabrics, metals, glass, and wood. The product's uses differ according to the end-use objectives and the outcomes used. Companies are focusing on multiple initiatives to raise understanding of the advantages of using canopies for both residential and non-residential buildings to increase global demand. This is bringing impressive growth to the worldwide market, as the building industry is taking giant strides. The main reason is that they are not only weather protection but also aestheticallypleasing. Another factor expected to drive market growth is the rapid growth of the residential sector in the economies of Europe and North America. In the forecast period, the rising popularity of the trend, ‘inside-outside living,’ is also expected to boost demand for consumer inclination towards living outside while on a tour or picnic increases the marketsize. However, to make certain types of canopies, high costs are required, and steep expenses might be necessary to carry out developmental activities for the same. From a cost-based perspective, these factors significantly hamper the global market. www.reportsanddata.com

  3. MarketSummary • The COVID-19impact: • Covid-19's spread has affected manufacturing, construction as well as recreational activities worldwide. Logistic limitations and reconsiderations of the raw material requirements are becoming a problem for producers. Lockdown measures in many countries to reduce the spread of the COVID-19 pandemic had had a significant impact on customers, including closed-down remodeling and renovation activities. The producers have relied on derived demand asan • intermediate commodity to rationalize production. The pandemic’s economic impact on companies and financial markets is also not favorable. Stock market volatility and decreasing global growth are anticipated, which will affect the sale for canopies. • Further key findings from the reportsuggest • The rising trend for car canopy has expanded the market in the automotive sector as well. The production of vehicles in India and Thailand is rising at a considerable pace, along with the increasing use of canopy per vehicle. This has given rise to lucrative opportunities on the APAC market and is growing with a CAGR of 4.0% in theregion. • Because of its highly developed Distribution Channel industries, advanced processing capabilities, combined with a highly skilled workforce and growing R&D initiatives, the U.S. is among the leading countries in the market. Developing applications and strong demand encourage producers to concentrate on new technologies to expand themarket. • Because of their high strength and durability, canopies with PTFE fiberglass membrane are ideal for regions with extreme temperature conditions. Additionally, low-surface free energy exhibited by the material offers simple surface cleaning by rainwater. These properties have increased the market worldwide, in regions with extreme climatic conditions. www.reportsanddata.com

  4. MarketSummary • In 2019 the Non-residential segment generated a revenue of USD 1.05 billion and was projected to see modest market growth in the coming years. Because of its advantages like sun protection, and the added architectural value of the building provided by thecanopy. • The demand for the market is limited. Most of the large and existing market players sell and distribute widely to clients worldwide. Conversely, most of the smaller players are based on their regionalmarkets. • Key participants include KD Kanopy Inc., Impact Canopies, Lawrence Fabric & Metal Structures Inc., Canopies U.K. Ltd., ExpandaBrand Inc., Jay Jay Enterprise, Shade Structures Inc., Sunair Awnings, Advanced Designs Awnings & Signs, and Eide Industries Inc., amongothers. • For the purpose of this report, Reports and Data have segmented into the global Canopy market on the basis of Material, Application, End-use, andregion: • Material Outlook (Revenue, USD Billion;2017-2027) • PTFE ETFE PVC • PolyesterCloth Others • Application Outlook (Revenue, USD Billion;2017-2027) • ShadeCanopy • Events or LargeCanopy Others www.reportsanddata.com

  5. MarketSummary Regional Outlook (Revenue, USD Billion;2017-2027) NorthAmerica U.S Europe U.K France AsiaPacific China India Japan MEA LatinAmerica Brazil To read more about the report @ https://www.reportsanddata.com/report- detail/canopy-market www.reportsanddata.com

  6. AboutUs Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter businessdecision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. ContactUS JohnWatson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line:+1-212-710-1370 E-mail:sales@reportsanddata.com www.reportsanddata.com

More Related