According to the latest report by GMI Research, Canopy Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2020-2027. The canopy market analyzes the impact of the COVID-19 pandemic and demonstrates that the market is likely to experience a slump in 2020, and will accelerate in 2021, growing at a significant rate from 2022 onwards. A canopy refers to an overhead roof or a structure covering fabric or metal structure and is attached to provide shelter from extreme weather conditions such as snow, heat, rain, hail, and sun. A canopy keeps the area dry and safe, acts as a protective shield, and helps in widen the working or living space of a building structure.

Competitive Landscape: The canopy market report also scans the competitive landscape and profiles the major players operating in the market, including Advanced Design Awnings & Signs, Shade Structures, Inc., Lawrence Fabric & Metal Structures Inc., Eide Industries, Inc., KD Kanopy, Inc., Sunair Awnings, Vitabri Canopies UK Ltd, JAY JAY Enterprise, and Impact Canopy.

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The increasing penetration of canopies in several residential and non-residential activities and provision for expanded outdoor space for seating and recreational purposes is driving the growth of the global canopy market. Simultaneously, the increasing installation of canopies in different residential and commercial buildings to protect from wind, heat, and precipitation will further energize the demand of the market.

The drastic growth of the residential sector, especially in the developed economies, followed by the emerging trend of beautifying expanded living spaces by the canopies, will further boost the growth of the global canopy market in upcoming years. Additionally, manufacturers are focusing on launching numerous programs and marketing strategies to increase awareness regarding the benefits offered by canopies in both residential and non-residential buildings, thereby propelling the demand of the market.

For further information on these analyses, please visit: https://www.gmiresearch.com/report/canopy-market/

Market Segments:

Breakup by Material:

Polytetrafluoroethylene (PTFE)
Ethylene Tetrafluoroethylene (ETFE)
Polyvinyl Chloride (PVC)
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
o United States of America

o Canada

Asia Pacific
o China

o Japan

o India

o Rest of APAC

Europe
o United Kingdom

o Germany

o France

o Spain

o Rest of Europe

RoW
o Brazil

o South Africa

o Saudi Arabia

o UAE

o Rest of the world (remaining countries of the LAMEA region)

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