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Outdoor Canopies Market - Global opportunity analysis and industry forecast, 2020-2027
| A08705 | Pages: NA | Dec 2020 | 53 Views | | |
| Author(s) : NA | Tables: NA | Charts: NA | Formats*: | |
COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Outdoor Canopies Market
Request Now !Outdoor canopies are situated outside the house or building and are covered by metal or with the help of fabric, which provides the shelter from different weather situation such as rain, snow, and sun. The canopies and the tents can be treated as same but the basic difference between the canopies and tents is that canopies do not have any floor unlike the tent. Different sizes and types of outdoor canopies are available in the market. Various types of fabric such as polyester, acrylic and canvas are used to make the roof for outdoor canopies.
Market scope and structure
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast units | Value (USD) |
Segments covered | Material type, Application, End user industry and Region |
Companies covered | Eide Industries Inc., Advanced Design Awnings & Signs, Shade Structures Inc., Sunair Awnings, Polcoindiapvt ltd, Extreme canopy, caravan canopy sports, Eurmax canopy, impact canopy USA, eagle peak canopy, Mastercanopy, Lanmodo |
Regions covered | North America (U.S., Canada and Mexico), Europe (Germany, UK, France, Italy and rest of Europe), Asia-Pacific (China, India, Japan, South Korea and rest of Asia-Pacific) and LAMEA (Latin America, Middle East and Africa) |
COVID-19 scenario analysis:
- The demand for outdoor canopies is expected to decrease in 2020 due to low demand from different industries such as manufacturing and hotel industry due to the lockdown imposed by government of many countries.
- COVID-19 pandemic has shut-down the production of various products in the outdoor canopies industry, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of outdoor canopiesmarket.
- COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020 and is likely to cause a negative impact on the market growth throughout the year.
- The major demand for equipment and machinery was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which is badly affected by the spread of corona virus, thereby halting the demand for equipment and machinery.
- Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
- Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19 infection cases start to decrease.
New product launch:
Many companies are manufacturing outdoor canopies in various designs and sizes according to the customer requirements. Also, many companies in the outdoor canopies market are trying to bring technologically advanced productsas these innovations boost the demand for outdoor canopies.
In October 2019, Lanmodo one of the leading companies in the outdoor canopies market launched automatic car tent, which is known as Lanmodo car umbrella. Company launched this automated car tent in two sizes that is small size and large size. Small size car tent is measured as 3.5 m x 2.1 m and is designed to cover the hatchbacks and the small cars. Large size car tent is measured as 4.8 m x 2.3 m and is designed to cover the large sized cars such as pickup trucks and SUVs. Such product launches boost the growth of the market.
Key driving factors for the growth of outdoor canopies market:
There is rise in demand for outdoor canopies for different purposes such as outdoor family function and partiesas these provide protection from different weather conditions,.
Also, technological advancements in outdoor canopies is attracting many costumers. Hence, it is expected to be the key driving factor for the growth of the outdoor canopies market.
Outdoor canopies are also used outside the hotels and on the beaches as well. Hence, rise in tourism industry is expected to drive the growth of the outdoor canopies market.
Key segments covered:
Segments | Sub-segments |
 Material type | Â
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  Application | Â
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 End user Industry | Â
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Key benefits of the report:
- This study presents the analytical depiction of the outdoor canopies market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the outdoor canopies market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the outdoor canopiesmarket growth scenario.
- The report provides a detailed outdoor canopiesmarket analysis based on competitive intensity and how the competition will take shape in coming years.
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