Analysts forecast the global portable fabric canopies market to grow at a CAGR of 3.65 % during the period 2018-2022. The latest trend gaining momentum in the market is Increase in M&A.
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The leading vendors of the global portable fabric canopies market have been undergoing a series of mergers and acquisitions to increase their market presence and attain the economies of scale.
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Many vendors are undertaking numerous strategic initiatives to increase their global presence in this market. For instance, SHELTERLOGIC CORP.
acquired several product brands from Bravo Sports, which includes QuikShade, ShadeTech, Solo, QuikChair, MotoShade, and GO. The acquisition further diversifies their range of portable fabric canopies and significantly increasing their product offerings.
Major key players in the global portable fabric canopies market: SHELTERLOGIC CORP., The Coleman Company, International E-Z UP, Caravan Global, and KD Kanopy
According to the portable fabric canopies market report, one of the major drivers for this market is Rise in number of outdoor restaurants and recreational activities. Pubs and outdoor restaurants like QSRs, pubs, hotels, and cafes that cater to changing consumer preferences and lifestyle choices have experienced a hike over the last few years.
Consequently, the pub culture has undergone a constant evolution, mostly due to the increase in the millennial population base who frequent these places. Factors like rising dual-household income, increasing number of working women, hectic work schedules, increasing urbanization, and improved living standards are responsible for the growing demand for these places.
At present, food service vendors are coming up with innovative infrastructure involving different themes, thereby fostering the demand for portable fabric canopies.
Further, the portable fabric canopies market report states that one of the major factors hindering the growth of this market is High competition in the market due to fragmentation. The global portable fabric canopies market is highly fragmented with the presence of a considerable number of vendors.
They range from multi-national companies that manufacture a wide range of products on a global scale, to medium-sized and small companies that focus on a single product line. Therefore, identifying the differentiating factors between the product offerings of various vendors becomes difficult.
This has resulted in intense market competition and price volatility. Manufacturers can sustain this highly competitive market if they continue to offer innovative products, which can be differentiated by consumers.
Hence, the fragmented nature of the market is a major challenge have its impact during the forecast period and will affect market growth at present.
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Few Points from List of Exhibits:
Exhibit 1: Related market
Exhibit 2: Market characteristics
Exhibit 3: Market segments
Exhibit 4: Market definition - Inclusions and exclusions checklist
Exhibit 5: Market size 2017
Exhibit 6: Validation techniques employed for market sizing 2017
Exhibit 7: Global portable fabric canopies market Market size and forecast 2017-2022 ($ mn)
Exhibit 8: Global portable fabric canopies market Year-over-year growth 2018-2022 (%)
Exhibit 9: Five forces analysis 2017
Exhibit 10: Five forces analysis 2022
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2017
Exhibit 17: Global portable fabric canopies market: Segmentation by distribution channel 2017 (% share of revenue)
Exhibit 18: Global portable fabric canopies market: Segmentation by distribution channel 2017-2022 (% share of revenue)
Exhibit 19: Comparison by distribution channel share
Exhibit 20: Global portable fabric canopies market by offline distribution channel Market size & forecast 2017-2022 ($ millions)