Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.01 Billion | USD 3.19 Billion | 4.73% | 2024 |
FrequentlyAsked Questions
A canopy is a projecting roof-life structure that is installed to provide shelter, shade, and protection. It is an architectural component that tends to extend beyond the conventional structure and is typically supported with the aid of columns, beams, or other elements. Modern-age canopies are designed to perform functional roles while also improving the overall aesthetic of the place in which they are placed. For instance, a common type of canopy used frequently is the entrance canopy which is extensively used to cover building entrances. They also protect people entering or exiting the building from external elements such as rain and sunlight.
The global canopy market is expected to grow due to rising demand in residential and commercial shade solutions, increasing outdoor living trends, growth in hospitality and event industries, and advancements in durable and weather-resistant materials.
According to a study, the global canopy market size was worth around USD 2.01 Billion in 2024 and is expected to reach USD 3.19 Billion by 2034.
The global canopy market is expected to grow at a CAGR of 4.73% during the forecast period.
North America is expected to dominate the canopy market over the forecast period.
Leading players in the global canopy market include 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, among others.
The report explores crucial aspects of the canopy market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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