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The report offers extensive research analysis on the Grow Tents Market, with a categorization based on End-user, including commercial and residential. It further segments the market by Distribution Channel, encompassing the offline and online. Additionally, the report provides Geographical segmentation, covering APAC, Europe, North America, the Middle East and Africa, and South America. Market size, historical data (2018-2022), and future projections are presented in terms of value (in USD million) for all the mentioned segments. It also includes an in-depth analysis of the increase in awareness of organic farming, the high adoption of multi-chamber grow tents, and the humidity control challenges.
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Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the grow tents market. One of the major companies in the market include:
Future Garden Ltd: The company offers grow tents such as CultiLab, CultiLab V2, and BudBox pro titan 3.
The market report also includes detailed analyses of the competitive landscape of the market and information about 22 market companies, including:
BudBox Ltd., Florida Garden Supplies,Gorilla Grow Tent, Green Qube, Green Spirit Horticulture, Greenspirit Hydrogardens, Grow Giant, HOMEbox, HYDRO CRUNCH, HydroGarden, Manchester Hydroponics LTD, Mars Hydro, PROMAT Mateusz Walczak, Riviera Horticulture, Secret Jardin, Senua Hydroponics, The Scotts Miracle Gro Co., Urban Green Farms PTY LTD, VIVOSUN, Yescom USA Inc., and ZenHydro
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified. Furthermore, it is also quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Our researchers analyzed the data with 2023 as the base year and the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
An increase in awareness of organic farming is driving the market growth. The rise in demand for organic farming will drive the growth of the global grow tents market. In addition, grow tents are used for growing off-seasonal and exotic vegetables, fruits, vegetables, flowers, and plants in external weather conditions, as they enable the consumers to do gardening, which can be produced indoors. Moreover, an increase in urban population, especially in developing countries, and also a decrease in arable land is offering a lucrative opportunity to many key players in the industry. Furthermore, many industries are investing in R&D for new products to broaden their revenue system. Hence, such factors are driving the market growth during the forecast period.
High adoption of multi-chamber grow tents is an emerging trend shaping the market growth. Multi-chamber grow tent refers to a wide variety of grow tent or perpetual harvest grow tent. In addition, these are different than the general grow tents. Moreover, grow tents have many conditions that are comfortable for many plants. In addition, these multi-chamber grow tents use the hydroponics Kratky system, which is simple but effective. Furthermore, plant growing tents with multiple growing chambers for plants at different stages of growth are called perpetual harvest grow tents. Hence, such factors are driving the market growth during the forecast period.
Humidity control challenges are a significant challenge hindering the market growth. There are several advantages of growing plants indoors with the help of grow tents. However, meeting challenges in grow tent environmental control can hamper the growth of the market. For example, cannabis farming is rapidly growing and extremely profitable to the industry, which has been posing many challenges in humidity control. Moreover, too much humidity in this plant may affect and can cause disaster, which ranges from contamination of products to poor nutrients in the crop. Hence, such factors are negatively impacting the market. Therefore, it is expected to hinder the market growth during the forecast period.
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The commercial segment is estimated to witness significant growth during the forecast period. The grow tents market used for commercial purposes comprises the sale and use of specialized enclosed structures designed for indoor plant cultivation. In addition, these tents provide controlled environments for growing plants, offering features such as reflective interiors, ventilation systems, and adjustable lighting. The commercial segment was the largest segment and was valued at USD 865.31 million in 2018. Moreover, they cater to businesses, large-scale growers, and research facilities seeking controlled conditions for cultivating various crops, including cannabis, vegetables, herbs, and flowers, within indoor settings. In addition, the market has seen significant growth due to a rise in demand for year-round, controlled, and efficient cultivation spaces, especially in regions with adverse weather conditions or limited outdoor growing spaces. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
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Based on distribution channel, the market has been segmented into offline and online. The offline segment will account for the largest share of this segment.
Europe is estimated to contribute 33% during the forecast period.
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Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Some of the main countries that are contributing to the market growth in Europe include the Netherlands, Germany, and the UK. In addition, these areas place a high priority on organic farming and sustainability, which fuels the demand for grow tents. Moreover, the high cost of energy and the rise in interest in sustainable living are boosting the market dynamics of the region. Furthermore, the cost of energy is high in many countries in Europe. Thus, it makes energy-efficient solutions such as growing tents an attractive option for people looking to save money on their electricity bills. In addition, Europe has seen significant growth in home gardening, which will drive the growth of the grow tents market during the forecast period.
Grow Tents Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2023 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.23% |
Market Growth 2024-2028 |
USD 598.74 million |
Market structure |
Fragmented |
YoY growth (%) |
6.55 |
Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
Performing market contribution |
Europe at 33% |
Key consumer countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
BudBox Ltd., Florida Garden Supplies, Future Garden Ltd., Gorilla Grow Tent, Green Qube, Green Spirit Horticulture, Greenspirit Hydrogardens, Grow Giant, HOMEbox, HYDRO CRUNCH, HydroGarden, Manchester Hydroponics LTD, Mars Hydro, PROMAT Mateusz Walczak, Riviera Horticulture, Secret Jardin, Senua Hydroponics, The Scotts Miracle Gro Co., Urban Green Farms PTY LTD, VIVOSUN, Yescom USA Inc., and ZenHydro |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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