Canopy Market Size, Share and Growth Analysis Report - Forecast Trends and Outlook (2025-2034)

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.

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.

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.

October 2024

The Japanese government installed blade-resistant umbrellas on nearly 600 trains in the Kansai region. This is expected to enhance passenger safety from unexpected knife attacks which pose a threat to public stability. This is expected to favourably impact the demand for long and lightweight canopies in Japan.

October 2024

Canada’s evolv1 building located in Waterloo, Ontario became Canada’s first certified net-zero building, featuring smart canopies at its rooftop and in the parking lot. These multifunctional canopies are aesthetic and capture solar energy for electricity generation. This development can positively shape the canopy market outlook.

August 2023

A group of Spanish researchers at the University of Seville developed a bioclimatic bus stop which can circulate fresh air through its canopies to create a comfortable atmosphere in essential public spots. It can also reduce surrounding temperature by nearly 20 degrees Celsius.

Rising consumer focus on outdoor living areas

The increasing consumer desire for having memorable and enjoyable outdoor experiences is expected to drive the market growth over the forecast period.

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 report titled “Global Canopy Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Material:

• Polytetrafluoroethylene
• Ethylene Tetrafluoroethylene
• Polyvinyl Chloride
• Polyester Cloth
• Others

Market Breakup by Application:

• Shade Canopy
• Event or Large Canopy
• Others

Market Breakup by End Use:

• Residential
• Non-Residential

Market 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 the construction of awnings and canopies, and other experiential displays.

Canopies UK Ltd.

Canopies UK Ltd. was founded in 2011 and is headquartered in Lancashire, United Kingdom. It is engaged in designing bespoke canopies for households and commercial spaces. As per canopy market analysis, it supplies over 30,000 canopies annually across the UK.

Impact Canopies USA

Impact Canopies USA was founded in 1999 and is headquartered in California, United States. It specialises in designing instant canopies, display domes, portable branding solutions, temporary walls, and other kinds of set up for outdoor events.

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.