Canvas Fabric Market Size, Share, Growth, and Industry Analysis, By Type (Cotton and Linen and Duck Canvas), By Application (Tent, Luggage Fabric, Automotive Fabric, Apparel, and Others), and Regional Forecast to 2027

Updated On: 08 April 2024

Canvas Fabric Market Report Overview

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The global Canvas Fabric Market size was USD 14960 million in 2021 and is expected to reach USD 19783 million by 2027, exhibiting a CAGR of 4.77% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with Canvas Fabric Market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

A product made by weaving threads or yarns made of natural fibers from either plants or animals into fabric is referred to as fabric. As a result of more technological advancement, they started to be made in laboratories, resulting in output goods that were stronger and more adaptable. Thin fibers running through your smartphone can now be used to weave data into textiles for clothes owing to digital connectivity. Canvas Fabric, the term for the fabric used to make contemporary apparel, is woven with computer-based technologies.

The primary factors propelling the growth of the global Canvas Fabric market in terms of revenue are the increasing use of this material in wearable electronic devices, the surge in popularity of smartwatches and wristbands like Fitbit, and the growing use of this material in the healthcare industry as a result of its ability to measure body temperature, blood pressure, and heart rate. Rising demand for Canvas Fabric that improves performance in the construction, automotive, and sports & entertainment industries, as well as rising awareness of health & wellness and rising adoption of healthy lifestyles, are additional important factors boosting the growth of the global Canvas Fabric market share and revenue.

COVID-19 Impact: Pandemic to Affect the Market Growth

The market for canvas fabric suffered as a result of the strict lockdowns and social isolation put in place to impede the COVID-19 virus's spread. Canvas Fabric demand was impacted by a lack of customer confidence, a temporary firm shutdown, and an unsteady economic environment. The supply chain was interrupted and logistics activities were delayed by the pandemic. But it's anticipated that easing restrictions and rising wearables demand would spur in the canvas fabric market growth during post-pandemic environment.

Latest Trends

"Nanotechnology to Surge Market Growth"

Emergence of cutting-edge technologies like nanotechnology and its integration into textiles to enhance their physical and mechanical properties, such as adding fire resistance, electronic capability, and vital sign monitoring, are some of the key factors anticipated to create profitable business expansion opportunities for both established market leaders and new entrants in the global canvas fabric market. Applications of canvas fabric based on nanomaterials in the military and defense industries are projected to grow, and R&D efforts to achieve even more advancements in canvas fabric are anticipated to rise.

Canvas Fabric Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Cotton and Linen and Duck Canvas amongst which Cotton and Linen is the leading segment.

• By Application Analysis

Based on application, the market can be divided into Tent, Luggage Fabric, Automotive Fabric, Apparel, and Others amongst which Tent is the leading segment.

Driving Factors

"Broadband Enabled Devices to Proliferate the Market Growth"

The surge in semiconductor use for internet-enabled gadgets and broadband applications is one of the main factors boosting the canvas fabric market. The market for canvas fabric has also benefited from the internationalization of the fashion and entertainment industries, as well as from the growing demand for goods connected to sport and fitness, healthy living, and healthy living awareness. Additionally, it is anticipated that developments in technology, such as the rise in the usage of mobile devices and hybrid applications, as well as the development of multifunctional mobile devices, will open up exciting new opportunities for market players in the canvas fabric market sector.

"Technological Advancements to Augment the Market Growth"

Reduced energy use and continued technological advancements in canvas fabric market support market progress. Because of qualities like more productivity, more convenience, and superior reliability and quality, the technology is becoming more and more popular, which benefits the market. The growth of Internet of Things (IoT) applications, including machine-to-machine (M2M) communication, smart homes, smart cities, and many more, has an impact on the canvas fabric market as well. The for canvas fabric market also benefits from growing urbanization, a change in lifestyle, an increase in investment, and rising consumer spending.

Restraining Factors

"Lack of Pace and Negligence to Restrain the Market Growth"

Lack of regulatory requirements, the slow rate of canvas fabric adoption across numerous industries, and the high production costs of these textiles all restrain the expansion of the canvas fabric market on a global scale. Because canvas fabrics are manufactured with sophisticated and complicated components, their production is quite expensive. Market expansion is further hampered by challenges like certain materials' incompatibility with electronic systems.  Market growth is predicted to be constrained by high production costs brought on by the requirement for pricey materials and a lack of standards and regulations. In addition, during the time of the forecast, the market for canvas fabric is anticipated to encounter difficulties due to escalating worries about thermal consideration, product protection, and technological difficulties associated with the integration of electronics and fabrics.

Canvas Fabric Market Regional Insights

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"North America to Dominate the Market Growth"

The market for canvas fabrics in North America outperformed all other regional markets in terms of revenue share contribution to the global industry. The growing demand for canvas fabric in the military & defense, healthcare, sports & fitness, automotive, and other industrial sectors, as well as the presence of leading canvas fabric manufacturers in the area, such as Alphabet, Jabil, DuPont, Sensoria, and Gentherm, are major drivers of the market's expansion in North America.

In terms of revenue growth throughout the projected period, the Asia Pacific canvas textiles market is anticipated to expand at the fastest rate. The region's market growth is primarily being driven by the region's rapid industrialization, particularly in developing countries like India, China, Thailand, and Indonesia, technological advancements in healthcare and military & defense equipment, an increase in sales of wearable smart devices, and rising consumer disposable income. Rising public spending in the healthcare and military & defense sectors, as well as the implementation of tight regulatory standards at the workplace for efficiency and safety, are additional factors assisting the rise of the Asia Pacific market's revenue.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

List of Market Players Profiled

• British Millerain (U.K.)
• Bainbridge International (U.S.)
• Dimension Polyant (Germany)
• IYU Sailcloth (Taiwan)
• Serena and Lily (U.S.)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.