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| Report Code: A09005 | Nov 2023 | Pages: NA | ||
| Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Canopy Market
Request Now !A canopy is an overhead roof structure made of metal, glass or fabric which is used to provide shelter or shade from various weather conditions such as hail, sun, snow, and rain. A tent without a floor can also be called a canopy. A canopy has open sides. Canopies provide solutions to all problems including protecting an area, keeping areas dry and safe, and it can also widen the living or working space of a building.
Canopies can be customized depending upon requirements from consumers. Canopies are used in both residential and nonresidential sectors. In residential areas, consumers use canopies it to sit outside in summer. Canopies protect from harmful UV rays and sun while enjoying fresh air outside. Consumers also use canopies while on a tour or picnic and also for cultural events or festivals. Canopies are also used to cover walkways between two nearby buildings to keep people dry and safe while doing their businesses. The function of a canopy is to provide shade or shelter from weather conditions such as sun, hail, snow and rain. Canopies may also be used for decorative or beautification purposes, for events or to give emphasis to a route or part of a building. Canopies may be independent of other structures or may project out from a structure such as a building. It may be supported by the building it is attached to, and/or ground mountings cables, stanchions or upright support posts. Canopies may be translucent, transparent or opaque.
COVID-19 scenario analysis:
Use of canopies in both residential and non-residential sectors is expected to drive the growth of the global canopy market. Canopies are used in open areas to provide shelter from adverse weather conditions and for expansion of usable spaces. In certain buildings, canopies are used for beautification purposes. These trends help to propel the global canopy market. Use of canopies in automotive sector especially for trailers and commercial vehicles is also an important driver of the global canopy market. Trailer canopies are designed according to their utility and end-user. The rise in international trade and transportation of goods has helped the growth of the trailer canopy market, as trailers are extensively employed for transportation of goods and commodities. However, trailer canopies are often cost intensive and can be too flimsy for certain transportation applications. The major restraining factor for the global canopy market is the high installation and maintenance costs associated. The major growth opportunities for the global canopy market come from the increasing application of canopies worldwide for cultural and public events where canopies can be used as non-permanent structures in both commercial and residential sectors.Â
Public infrastructure expansion and maintenance continue to grow. Private real estate development and individual residential construction are also going to continue growing as population and urbanization increases around the world. Schools, hospitals and other public interest facilities need to be built, expanded or updated. These myriad projects of varying scale and size will continue to aid the global canopy market as the risk of water contamination remains a key driver. Canopies are used to expand the living or working space of a building. They are also used for decorative or beautification purposes. Canopies are also used to cover walkways between two nearby buildings to keep people dry and safe while doing their businesses. Rapid growth of the residential sector with rising trend of beautification of expanded living spaces with canopies are likely to propel the market growth. Furthermore, increasing popularity of inside-outside living and the availability of a wide range of product designs suitable for residential buildings are likely to boost the market. As more people throng hotels, beaches, cafes and outdoor structures, the global canopy market is expected to grow in the future.
The automotive sector is significant for the growth of the global canopy market. Trailer canopies are most commonly made of aluminum among various other material and are often available in custom designs for the specific vehicle models that they are installed upon. Aluminum canopies are very popular for trailers because it reduces the overall weight of the vehicle and thus helps improve fuel efficiency. Aluminum canopies are lightweight but highly durable. Other materials such as polyester cloth are also commonly used as non-permanent trailer covers. Commercial vehicles use canopies for the weight reduction of the roof material. The loaded goods which might often be perishable items need protection from adverse weather conditions like rain, sun or wind. Canopies made of various material are used as covers for transportation trucks as they help protect the goods being transported but at the same time reduce overall vehicle load to help maintain load and weight regulations imposed by various governments on commercial vehicles. Stringent regulatory legislation regarding fuel efficiency and emission standards have intensified the demand for lightweight commercial trailers in past decade. This has further spurred demand for trailer canopy manufactured by using aluminum, as the material imparts excellent lightweight and durability attributes. Growing demand for lightweight commercial vehicles will pave lucrative growth opportunities for the trailer canopy market in the foreseeable future.
Key benefits of the report:
Canopy Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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| Key Market Players | Canopies UK and KD Kanopy, Eide Industries, Shade Structures, Sunair Awnings, Advanced Design Awnings and Signs, JAY JAY Enterprise, Impact Canopy, Lawrence Fabric and Metal Structures |
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