Wilmington, Delaware, United States, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global market for bioclimatic pergola was estimated to be worth a market valuation of around US$ 457.8 million in 2022. The market is anticipated to advance with a steady 5.5% CAGR from 2023 to 2031 and by 2031, the market is likely to gain US$ 741 million.
Retractable pergolas are crucial in commercial settings like bars, restaurants, gardens, and exterior areas of complexes and buildings. They give guests a comfortable place to stay, shield visitors from the summer's hot noon heat, and design places that are easier to manage and more tranquil.
The bioclimatic pergolas are innovative buildings composed of motorized and foldable blades that can be easily installed and may fit any sort of building, whether it residential or commercial. Design and construction trends in bioclimatic pergolas have made them more individualized, energy efficient, and low maintenance.
The market for smart pergola is seeing new development potential due to rising aesthetic trends in outdoor décor, an increase in disposable money, and the accessibility of low maintenance buildings.
The popularity of all-weather pergolas has increased as a result of increased acceptance of outdoor living structures, particularly bioclimatic pergolas, hybrid work cultures, and other developments in the architectural industry.
The American Society of Landscape Architects (ASLA) performed a poll on residential landscape design trends and found that pergolas are one of the most often used, favored, and wanted outdoor structure systems.
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Market Snapshot:
| Report Coverage | Details | |
| Market Revenue | US$ 457.8 Mn | |
| Estimated Value | US$ 741.0 Mn | |
| Growth Rate - CAGR | 5.5% | |
| Forecast Period | 2023-2031 | |
| No. of Pages | 140 Pages | |
| Market Segmentation | By Type, By Material Type, By Distribution Channel, By End-use | |
| Regions Covered | North America, Europe, Asia Pacific, Middle East & Africa, South America | |
| Companies Covered | ArtePatio, Awning for Patio, AZENCO INTERNATIONAL, Biossun, Corradi, Goodwin-Cole, Company, Inc., Palmiye Global Inc., Pergola & Plus, Vision Art Aluminium, Your Elegant Space | |
Key Findings of the Market Report
- Recent developments in the market for bioclimatic pergolas include DIY kits and low-cost materials that may be tailored to suit individual customer requirements.
- These simple-to-install constructions might provide profitable bioclimatic pergola business potential.
- The popularity of all-weather pergolas has increased as a result of increased acceptance of outdoor living structures, particularly bioclimatic pergolas, hybrid work cultures, and other developments in the architectural industry.
Market Trends for Bioclimatic Pergola
- One of the industries that is most widely known and growing is real estate. High disposable income, growth in population, and fast urbanization all help to drive up real estate demand, which in turn fuels the expansion of outdoor structures like bioclimatic pergolas.
- The market for bioclimatic pergolas is anticipated to see new growth opportunities as consumer spending on homes increases. Additional attractive potential for market expansion are provided by the growth of corporate settings, the need for office space, and the availability of urban housing.
- According to the India Brand Equity Foundation, the real estate market in India is predicted to reach US$ 1 trillion by 2030 and contribute for 18%–20% of the country's GDP, demonstrating the industry's enormous potential and acting as a key market stimulus. Similar to this, according to a report by the US Bureau of Labor Statistics, consumer spending—including spending on housing—has increased dramatically.
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Bioclimatic Pergola Regional Market Outlook
Various reasons are propelling the growth of the bioclimatic pergola market in different regions. They are:
- From 2023 to 2031, North America is expected to hold the highest share. The market dynamics of the region are being driven by the increase in outdoor structure adoption, an upsurge in disposable income, and increase in housing spending of individuals.
- According to the market overview for bioclimatic pergolas, Asia Pacific has significant development potential because of the region's growing real estate market and rising disposable income levels, which are driving up demand.
Global Bioclimatic Pergola Market: Key Players
The bioclimatic pergola research shows that there are several companies present worldwide, which suggests that the business is fragmented. The leading companies in this sector are ArtePatio, Awning for Patio, AZENCO INTERNATIONAL, Biossun, Corradi, Goodwin-Cole, Company, Inc., Palmiye Global Inc., Pergola & Plus, Vision Art Aluminium, Your Elegant Space, and Systems Outdoors.
Some developments by the key players in the global market for bioclimatic pergola are:
- Pergola Depot expanded its structure selection on 2023, by adding a range of covered pergola kits, providing consumers a new way to beautify their outdoor areas.
- Exclusive Awnings, one of the major service providers for outdoor areas, announced plans to expand in the southern California region on February 8, 2023.
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Global Bioclimatic Pergola Market Segmentation
- By Type
- Fixed Bioclimatic Pergola
- Adjustable Bioclimatic Pergola
- Automated
- Conventional
- Fixed Bioclimatic Pergola
- By Material Type
- Wood
- Steel
- Aluminum
- Others (polycarbonate, etc.)
- Wood
- By Distribution Channel
- Direct sales
- Indirect sales
- Direct sales
- By End-use
- Residential
- Commercial
- Hotel & Restaurants
- Educational Institutions
- Offices
- Cafés
- Other (community centers, etc.)
- Residential
- Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- North America
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