United States Canopy Market to hit US$ 2.7 Billion by 2031 | Top Companies - Eide Industries, Inc., Advanced Design Awnings & Signs, Shade Structures, Inc.

"Global Canopy Market reached US$ 2.0 billion in 2023 and is expected to reach US$ 2.7 billion by 2031, growing with a CAGR of 3.7% during the forecast period 2024-2031." As per DataM intelligence research report

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United States: Recent Canopy Developments

✅ In September 2025, Canopy Growth launched a $200 million cross-border equity distribution program, enabling the sale of common shares in both U.S. and Canadian markets and strengthening its financial position for expansion.

✅ In July 2025, Canopy Growth made a prepayment of $25 million on a term loan, marking the first of three such payments aimed at improving balance sheet flexibility and reducing financial liabilities.

✅ In May 2025, Canopy Growth's Q4 report highlighted operational restructuring and improved cash flow, focusing on margin enhancement and streamlining U.S. operations under Canopy USA, preparing for further market growth.

✅ In May 2025, Canopy Growth continued to solidify its U.S. strategy with Canopy USA fully operational, leveraging iconic cannabis brands and consolidating assets in preparation for eventual federal permissibility of cannabis.

Japan: Recent Canopy Developments

✅ In April 2025, Hilton announced the future debut of Canopy by Hilton Tokyo Akasaka, expanding the boutique lifestyle brand's presence in Japan with a new flagship scheduled to open by 2028.

✅ In November 2024, Canopy by Hilton Osaka Umeda officially opened, marking the brand's first Canopy hotel in Asia Pacific outside of China and offering elevated experiences ahead of the 2025 Osaka Expo.

✅ In December 2023, market forecasts projected Japan's canopy market to grow at a 3.4% CAGR between 2025-2035, driven by increased demand for outdoor solutions and innovative eco-friendly materials across commercial sectors.

✅ In 2024, leading Japanese companies further penetrated the canopy market, prioritizing sustainable materials such as PTFE and expanding non-residential canopy installations in retail, hospitality, and event venues.

Canopy Market: Drivers

The canopy market is experiencing steady growth as urbanization, outdoor living trends, and commercial infrastructure development drive demand for shade and protective structures. Canopies provide shelter from sunlight, rain, and wind, making them essential for residential patios, commercial spaces, events, and recreational areas. Their versatility in materials, designs, and installation options allows for both functional and aesthetic applications. Increasing awareness about outdoor comfort and energy-efficient shading solutions is further boosting adoption. Innovations in durable, weather-resistant, and retractable canopy designs are enhancing usability and market appeal.

Rising demand for commercial and hospitality outdoor spaces is fueling the need for canopies in restaurants, hotels, resorts, and public areas. They contribute to sustainable architecture by reducing direct heat exposure and lowering energy consumption in adjacent buildings. Government initiatives and urban planning projects promoting outdoor public spaces are supporting canopy installations. Growing preference for customizable, modular, and visually appealing structures is attracting both individual and corporate buyers. With their practicality, design flexibility, and contribution to comfort and sustainability, canopies are becoming an integral part of modern outdoor infrastructure.

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Canopy Market: Major Players

Eide Industries, Inc., Advanced Design Awnings & Signs, Shade Structures, Inc., Canopies UK Ltd., Lawrence Fabric, Inc., Impact Canopies USA, KD KANOPY, INC., JAY JAY Enterprise, Canopy Mart and Sunair Awnings.

Segment Covered in the Canopy Market:

➥ By Type: Tension Membrane Canopies, Hip Shade Canopies, Cantilever Shade Canopies, Shade Sail Canopies, Multi-panel Shade Canopies, Carport Shade Structures, Others

➥ By Material: PTFE, ETFE, PVC, Polyester Cloth, Others

➥ By Application: Residential, Commercial, Industrial

➥ By End-User: Hospitality, Event Management, Construction, Automotive, Others

Research Process:

Both primary and secondary data sources have been used in the Canopy Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Most Frequently Asked Questions in the Canopy Market Research Industry:

➠ Who leads the Canopy industry and what's their competitive positioning regarding capacity, performance, and profitability?
➠ What growth opportunities and market challenges do Canopy market vendors face?
➠ Which segments show the highest growth potential and market share distribution?
➠ What factors are driving or limiting Canopy market growth?
➠ What are the dominant sales and distribution strategies in the Canopy industry?

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Regional Analysis:

⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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✅ Competitive Landscape
✅ Technology Roadmap Analysis
✅ Sustainability Impact Analysis
✅ KOL / Stakeholder Insights
✅ Consumer Behavior & Demand Analysis
✅ Import-Export Data Monitoring
✅ Live Market & Pricing Trends

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