Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Report Overview
The global canopy market size reached around USD 1.91 Billion in 2023. The market is projected to grow at a CAGR of 3.70% between 2024 and 2032 to reach nearly USD 2.65 Billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- Buildings account for around 28% of global energy-related carbon emissions. This indicates rising demand for energy-efficient construction practices, thereby increasing the demand for canopies.
- Residential buildings account for 11% of energy-related indirect emissions worldwide, which is expected to raise the canopy market development.
- As per industry reports, non-residential buildings are expected to construct more canopies, as they account for 8% of all energy-related carbon emissions.
Global Canopy Market Growth
Building operations account for around 30% of the global energy consumption. Nearly 18% of all carbon emissions by buildings are caused by high heating requirements in cold countries, with total energy use rising by nearly 1% in 2022 worldwide. This prompted governments worldwide to revise their building and energy efficiency codes to achieve net zero targets by 2030. Major construction companies have shifted towards designing energy-efficient buildings that consume less electricity. For such developments, canopies are expected to become an indispensable feature, resulting in increased canopy market value.
Moreover, smart canopies created from weatherproof fabrics, stainless steel, and other durable materials are expected to gain increasing market traction. Such canopies are integrated with IoT sensors that automatically open/close the canopy based on real-time information regarding weather conditions. They also have integrated mobile charging facilities, apart from LED lighting, features which makes them more visually appealing at night. Additionally, the increasing government investments in infrastructure development in the Middle East is expected to fuel the canopy market expansion, since this region experiences high temperatures and increasing tourist footfall. The use of sustainable materials for manufacturing canopies is also expected to contribute to the market growth over the forecast period.
Compound Annual Growth Rate
Value in USD Billion
3.7%
2024-2032
Canopy Market Outlook
*this image is indicative*
Key Trends and Developments
Rising consumer focus on outdoor living areas; innovations in sunshade design; soaring global temperatures; and increasing investments in energy-efficient buildings are factors favouring the canopy market growth.
Innovations in sunshade design
Hip shade structures have emerged as one of the most popular types of canopies outdoor seating areas, playgrounds, outdoor events areas, and pools since they ensure a clean roofline and can be customised as per the area size to ensure adequate sun protection. Their widespread installation is expected to drive the canopy market revenue over the forecast period.
Availability of customised shapes
Canopies can be designed to suit individual requirements of shape, attachment method, configuration, and size. This can take the aesthetics of any architectural project to the next level.
Soaring global temperatures
Canopies not only enhance the aesthetic appeal of architectural structures, but they also play a crucial role in reducing the cooling requirements for residential and commercial structures. These factors have favourably shaped the canopy market dynamics.
Increasing investments in energy-efficient buildings
In 2022, total investments aimed at improving energy efficiency of buildings reached USD 250 billion, recording a growth of around 14%. This trend was mainly seen in countries such as Germany, Italy, and the United States and has fuelled market’s growth.
Global Canopy Market Trends
Multi-panel canopies using a combination of different fabrics and materials have an aesthetically pleasing appearance and are a great styling option for outdoor events. They are typically octagonal/hexagonal in shape and are best suited for large-size circular areas. They offer a high level of heat and sun protection while ensuring adequate lighting of spaces. Thus, they are expected to constitute a major portion of the canopy market share.
Over the forecast period, shade sails are also expected to become exceedingly popular for open air venues such as splash pads, play areas, and swimming pools. They are visually stunning and versatile; thus, they can be installed either as a standalone structure or can be configured into multiple structures.
Global Canopy Industry Segmentation
The EMR’s report titled “Global Canopy Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Breakup by Material
- Polytetrafluoroethylene
- Ethylene Tetrafluoroethylene
- Polyvinyl Chloride
- Polyester Cloth
- Others
Breakup by Application
- Shade Canopy
- Event or Large Canopy
- Others
Breakup by End Use
- Residential
- Non-Residential
Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Global Canopy Market Share
Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period of 2024-32, the Asia Pacific is expected to grow at a CAGR of 4.2% because of rapid infrastructure development and the thriving state of real estate industry in countries in India. The demand for canopies in India and China is expected to grow at a CAGR of 4.8% and 4.0% respectively, which is favourably shaping the market outlook.
Leading Companies in the Global Canopy Market
Major players are manufacturing smart canopies from sustainable materials to capitalise on the increasing appeal for aesthetic sunshades and to gain a larger canopy market share.
Eide Industries, Inc.
Eide Industries, Inc. was founded in 1938 and is headquartered in California, United States. It is a high-quality manufacturer of shade structures, walkway coverings, commercial canopy systems, and hospitality pool cabanas.
Lawrence Fabric, Inc.
Lawrence Fabric, Inc. was founded in 1941 and is headquartered in Missouri, United States. It specialises in t...
Canopies UK Ltd.
Canopies UK Ltd. was founded in 2011 and is headquartered in Lancashire, United Kingdom. It is engaged in desi...
Impact Canopies USA
Impact Canopies USA was founded in 1999 and is headquartered in California, United States. It specialises in d...
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other players included in the canopy market report are CAMSS Shelters, ADVANCED DESIGN AWNINGS & SIGNS, KD Kanopy, Inc., JAY JAY Enterprise, AWNINGS UNLIMITED INCORPORATED, and AKS Industries, Inc., among others.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Looking for specific insights?
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 1.91 Billion.
The market is projected to grow at a CAGR of 3.70% between 2024 and 2032.
The different regions considered in the canopy market report include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different materials used for construction of canopies are polytetrafluoroethylene, ethylene tetrafluoroethylene, polyvinyl chloride, and polyester cloth, among others.
The different applications of canopies are shade canopy, and event or large canopy, among others.
The different end uses of canopies are residential and non-residential.
Key players in the market are Eide Industries, Inc., ADVANCED DESIGN AWNINGS & SIGNS, CAMSS Shelters, Canopies UK Ltd., Lawrence Fabric, Inc., Impact Canopies USA, KD Kanopy, Inc., JAY JAY Enterprise, AWNINGS UNLIMITED INCORPORATED, and AKS Industries, Inc., among others.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 2.65 Billion by 2032.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Material |
|
| Breakup by Application |
|
| Breakup by End-Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
Purchase Full Report
Datasheet
- Selected Sections, One User
- Printing Not Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Single User License
One User
- All Sections, One User
- One Print Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Five User License
Five Users
- All Sections, Five Users
- Five Prints Allowed
- Email Delivery in PDF
- Free Limited Customisation
- Post Sales Analyst Support
50% Discount on Next Update
Corporate License
Unlimited Users
- All Sections, Unlimited Users
- Unlimited Prints Allowed
- Email Delivery in PDF + Excel
- Free Limited Customisation
- Post Sales Analyst Support
- 50% Discount on Next Update
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Subscribe to our Newsletter
By subscribing you agree to with our privacy policy and provide
consent to
receive
updates
from our company.
Our Offices
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124