The global canopy market size reached around USD 1.98 Billion in 2024. The market is projected to grow at a CAGR of 3.70% between 2025 and 2034 to reach nearly USD 2.85 Billion by 2034.
Base Year
Historical Year
Forecast Year
| Global Canopy Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 1.91 |
| Market Size 2032 | USD Billion | 2.65 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 3.7% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 4.2% |
| CAGR 2024-2032 - Market by Country | India | 4.8% |
| CAGR 2024-2032 - Market by Country | China | 4.0% |
| CAGR 2024-2032 - Market by Material | Polyvinyl Chloride | 3.6% |
| CAGR 2024-2032 - Market by Application | Event or Large Canopy | 4.5% |
| Market Share by Country 2023 | France | 3.8% |
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.
Value in USD Billion
2025-2034
Canopy Market Outlook
*this image is indicative*
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.
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.
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.
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.
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.
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.
The EMR’s report titled “Global Canopy Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Breakup by Material
Breakup by Application
Breakup by End Use
Breakup by Region
| CAGR 2024-2032 - Market by | Country |
| India | 4.8% |
| China | 4.0% |
| Mexico | 3.7% |
| USA | 3.4% |
| Saudi Arabia | 3.3% |
| Canada | XX% |
| UK | 3.3% |
| Germany | XX% |
| Italy | XX% |
| Japan | XX% |
| Australia | XX% |
| Brazil | XX% |
| France | 3.0% |
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.
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. 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. was founded in 1941 and is headquartered in Missouri, United States. It specialises in t...
Canopies UK Ltd. was founded in 2011 and is headquartered in Lancashire, United Kingdom. It is engaged in desi...
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.*
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In 2024, the market reached an approximate value of USD 1.98 Billion.
The market is projected to grow at a CAGR of 3.70% between 2025 and 2034.
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 2025-2034 to reach a value of around USD 2.85 Billion by 2034.
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 | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Material |
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| Breakup by Application |
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| Breakup by End-Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
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.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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