Canopy Market Increase at a CAGR of 4.0% From 2019 to 2025 : Grand View Research Inc.
San Francisco, 18 November 2019: The Report Canopy Market Size, Share & Trends Analysis Report By Material (PTFE, ETFE, PVC), By Application (Shade Canopy, Event or Large Canopy), By End-Use (Residential, Non-residential), By Region, And Segment Forecasts, 2019 - 2025 The global canopy market size is expected to reach USD 2.1 billion by 2025, accelerating at a CAGR of 4.0% over the forecast period, according to a new report by Grand View Research, Inc. Provision for expanded outdoor space for seating and recreational purposes owing to the installation of canopies in nearby residential and non-residential buildings is expected to drive the product demand over the forecast period. Increasing penetration of the product in commercial and residential sectors is anticipated to complement the growth of the market over the forecast period. This can be attributed to the rising installation of canopies in residential areas and above various commercial buildings for protect