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Global Canopy Market to reach USD 2.28 billion by 2027.

Global Canopy Market Size study, by Material [ (Poly-tetra-FLURO-ethylene (PTFE), Ethylene-Tetra-FLURO-ethylene (ETFE), Polyvinyl Chloride (PVC)] by Application (Shade canopies, Event or large canopies) by End-Use (Residential, Non-Residential) and Regional Forecasts 2021-2027

Product Code: OIRBC-78396144
Publish Date: 15-08-2021
Page: 200

Global Canopy Market is valued approximately USD 1.73 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.0 % over the forecast period 2021-2027. Canopies are the roof structures or shades, that are made of metal, wood, or glass, which are particularly used to provide shelter to the open areas as such. These can be used in various forms such as organizing events, keeping the places dry, protecting the outer areas from direct sunlight and widening the living or working open spaces. increasing trend towards beautification, increased use in the automotive sector and increasing demand in the residential and non-residential purposes has led the adoption of Canopy across the forecast period. For instance, according to Statista, the wholesale sales of canopies in the U.S. went up from $ 326.9 million US to $401.9 million US in the year 2020 and is expected to grow at a constant rate in the near future as well.However, huge installation and maintenance cost impedes the growth of the market over the forecast period of 2021-2027. Also, with the increase in the international trade and transportation of goods is likely to increase the growth of the market in the forecasting period

The regional analysis of global Canopy market when considering for various key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World has led to the analysis that North America is a significant region across the world in terms of market share owing to increasing growth of the industrial sector and increasing shift in the mobility homes. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027. Factors such as increasing demand from the non-residential sector coupled with probing demand in the food and beverages industry such as hotels, restaurants and other food outlets would create lucrative growth prospects for the Canopy market across Asia-Pacific region.

Major market player included in this report are:
Advanced Design Awnings and Signs
Eide Industries
Shade Structures
Canopies UK
Lawrence Fabric and Metal Structures
Impact Canopy
KD Kanopy
JAY-JAY Enterprises
SUNAIR Awnings
Bull Motor Bodies Pvt Ltd

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Material:
Poly-tetra-FLURO-ethylene (PTFE)
Ethylene-Tetra-FLURO-ethylene (ETFE)
Polyvinyl Chloride (PVC)

By Application:
Shade canopies
Event or large canopies

By End-Use:
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Canopy Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Canopy Market, by Region, 2019-2027 (USD Billion)
1.2.2. Canopy Market, by Material, 2019-2027 (USD Billion)
1.2.3. Canopy Market, by Application, 2019-2027 (USD Billion)
1.2.4. Canopy Market, by End-Use, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Canopy Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Canopy Market Dynamics
3.1. Canopy Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Increasing trend towards beautification Increased use in the automotive sector Increasing demand in the residential and non-residential purpose
3.1.2. Market Challenges Huge involvement of installation and maintenance cost
3.1.3. Market Opportunities Increase in the international trade and transportation of goods.
Chapter 4. Global Canopy Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Canopy Market, by Material
5.1. Market Snapshot
5.2. Global Canopy Market by Material, Performance – Potential Analysis
5.3. Global Canopy Market Estimates & Forecasts by Material 2018-2027 (USD Billion)
5.4. Canopy Market, Sub Segment Analysis
5.4.1. Poly-tetra-FLURO-ethylene (PTFE)
5.4.2. Ethylene-Tetra-FLURO-ethylene (ETFE)
5.4.3. Polyvinyl Chloride (PVC)
Chapter 6. Global Canopy Market, by Application
6.1. Market Snapshot
6.2. Global Canopy Market by Application, Performance – Potential Analysis
6.3. Global Canopy Market Estimates & Forecasts by Application 2018-2027 (USD Billion)
6.4. Canopy Market, Sub Segment Analysis
6.4.1. Shade canopies
6.4.2. Event or large canopies
Chapter 7. Global Canopy Market, by End-Use
7.1. Market Snapshot
7.2. Global Canopy Market by End-Use, Performance – Potential Analysis
7.3. Global Canopy Market Estimates & Forecasts by End-Use 2018-2027 (USD Billion)
7.4. Canopy Market, Sub Segment Analysis
7.4.1. Residential
7.4.2. Non-Residential
Chapter 8. Global Canopy Market, Regional Analysis
8.1. Canopy Market, Regional Market Snapshot
8.2. North America Canopy Market
8.2.1. U.S. Canopy Market Material breakdown estimates & forecasts, 2018-2027 Application breakdown estimates & forecasts, 2018-2027 End-use breakdown estimates & forecasts, 2018-2027
8.2.2. Canada Canopy Market
8.3. Europe Canopy Market Snapshot
8.3.1. U.K. Canopy Market
8.3.2. Germany Canopy Market
8.3.3. France Canopy Market
8.3.4. Spain Canopy Market
8.3.5. Italy Canopy Market
8.3.6. Rest of Europe Canopy Market
8.4. Asia-Pacific Canopy Market Snapshot
8.4.1. China Canopy Market
8.4.2. India Canopy Market
8.4.3. Japan Canopy Market
8.4.4. Australia Canopy Market
8.4.5. South Korea Canopy Market
8.4.6. Rest of Asia Pacific Canopy Market
8.5. Latin America Canopy Market Snapshot
8.5.1. Brazil Canopy Market
8.5.2. Mexico Canopy Market
8.6. Rest of The World Canopy Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Advanced Design Awnings and Signs Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Eide Industries
9.2.3. Shade Structures
9.2.4. Canopies UK
9.2.5. Lawrence Fabric and Metal Structures
9.2.6. Impact Canopy
9.2.7. KD Kanopy
9.2.8. JAY-JAY Enterprises
9.2.9. SUNAIR Awnings
9.2.10. Bull Motor Bodies Pvt Ltd

Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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