Global Outdoor Canopies Market Expected to Grow at a CAGR of 6.2% through 2023-2030
According to a new report published by MarkWide Research, titled, “Outdoor Canopies Market,” the global outdoor canopies market is expected to grow, projecting a CAGR of 6.2% during the forecast period of 2023-2030. This comprehensive market research report provides an in-depth analysis of the current market dynamics, key trends, growth drivers, challenges, and opportunities within the outdoor canopies industry.
City, Date – Outdoor canopies serve as versatile and practical solutions for shading outdoor spaces, making them comfortable and enjoyable. The global outdoor canopies market is experiencing growth due to several key factors:
- Outdoor Entertainment: The demand for shaded outdoor areas for entertainment and relaxation drives the market.
- Event and Hospitality Industry: Outdoor canopies are used for events, weddings, and hospitality settings.
- Commercial Applications: Businesses create outdoor seating areas using canopies to attract customers.
- Protection from Elements: Canopies offer protection from sun, rain, and other weather conditions.
- Customization: Consumers seek canopies in various sizes, designs, and materials to suit their needs.
The global outdoor canopies market is segmented based on type (pop-up canopies, shade sail canopies, and others), material (fabric, metal, and others), end-use (residential and commercial), and region.
Geographically, North America and Europe are prominent markets for outdoor canopies, with a strong culture of outdoor events and dining. Asia-Pacific is witnessing growth, driven by the expansion of the hospitality and tourism industry and the need for outdoor shading solutions.
Key players in the global outdoor canopies market include ShelterLogic Corp., Sunjoy Group, and Garden Winds, among others. These companies focus on product innovation, using durable and weather-resistant materials, and providing customization options.
In conclusion, the global outdoor canopies market is expected to grow as outdoor entertainment, event hosting, and commercial applications continue to thrive.