Canopy Market Size, Share & Trends Analysis Report And Segment Forecasts, 2025 – 2030

The global canopy market was valued at USD 2.06 billion in 2024 and is projected to reach USD 2.50 billion by 2030, growing at a CAGR of 2.6% from 2025 to 2030. Growth is primarily driven by the increasing adoption of canopies across residential and non-residential buildings.

Key Market Trends & Insights

  • The Europe canopy market dominated the global market with a 37.3% share in 2024.
  • The U.S. canopy market dominated the regional market in 2024.
  • By material, the PTFE segment accounted for the largest revenue share, 42.2%, in 2024.
  • By application, the shade canopy segment dominated the market in 2024.
  • By end use, the non-residential segment held the largest revenue share in 2024.

Market Size & Forecast

  • 2024 Market Size: USD 2.06 Billion
  • 2030 Projected Market Size: USD 2.50 Billion
  • CAGR (2025-2030): 2.6%
  • North America: Largest market in 2024
  • Asia Pacific: Fastest growing market 

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Rising consumer interest in enhancing outdoor living spaces and the growing popularity of inside-outside lifestyles fuel demand. Canopies are used for shading and protection, along with architectural elements that enhance aesthetics and expand functional areas.

A wide range of canopy types is available in the market, including shade canopies, garden canopies, event structures, and portable garage canopies, catering to diverse application needs. These products are manufactured using materials such as fabrics, metals, glass, and wood, with the choice depending on durability, design, and end-use application.

The canopy industry increasingly focuses on innovation, offering customizable and multi-functional solutions with features such as rainwater harvesting and weather resistance. Such advancements improve product utility and align with growing sustainability preferences. Overall market growth is supported by broader trends such as rapid urbanization, rising home improvement spending, and the increasing need for versatile outdoor structures. These factors collectively fuel the growth and expansion of the canopy market over the forecast period.

Canopy Market Report Scope

Report Attribute

Details

Market size value in 2025

USD 2.15 billion

Revenue Forecast in 2030

USD 2.50 billion

Growth rate

CAGR of 2.6% from 2025 to 2030

Base year for estimation

2024

Historical data

2018 – 2023

Forecast period

2025 – 2030

Quantitative units

Revenue in USD million and CAGR from 2025 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Material, application, end use, region

Regional scope

North America, Europe, Asia Pacific, Central and South America, and MEA

Country scope

U.S.; Canada; Mexico; Germany; France; Italy; UK; Spain; China; India; Japan; Australia; South Korea; Thailand; Australia; Brazil; Saudi Arabia

Key companies profiled

Eide Industries, Inc.; ADVANCED DESIGN AWNINGS & SIGNS; SUNAIR AWNINGS.; Shade Structures, Inc.; Canopies UK Ltd.; Lawrence Fabric, Inc.; Impact Canopies USA; KD KANOPY, INC.; JAY JAY Enterprise

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

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