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The smart indoor garden systems market share is expected to increase to USD 899.39 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.15%.
This smart indoor garden systems market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers smart indoor garden systems market segmentations by type (floor garden and wall garden) and geography (North America, Europe, APAC, Middle East and Africa, and South America). The smart indoor garden systems market report also offers information on several market vendors, including AeroFarms LLC, Agrilution Systems GmbH, AVA Technologies Inc., Bowery Farming Inc., CityCrop Automated Indoor Farming P.C, Click and Grow LLC, EDN Inc., Gardyn Inc., ingarden Inc., JOICOM Corp., Metropolis Farms Canada, Moistenland LLC , Natufia Saudi Arabia LLC, Plantui Oy, Rise Gardens LLC, Robert Bosch GmbH, The Farm Project, The Leaf Land Scape, and Tower Garden among others.
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The rising demand for IoT-based smart home garden watering systems is notably driving the smart indoor garden systems market growth, although factors such as rising demand for artificial grass may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the smart indoor garden systems industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Smart Indoor Garden Systems Market Driver
Key Smart Indoor Garden Systems Market Trend
Key Smart Indoor Garden Systems Market Challenge
This smart indoor garden systems market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global smart indoor garden systems market as a part of the global household appliances market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the smart indoor garden systems market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the smart indoor garden systems market encompasses successful business strategies deployed by the key vendors. The smart indoor garden systems market is fragmented and the vendors are deploying growth strategies such as price, quality, technology, brand identity, and distribution to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The smart indoor garden systems market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the smart indoor garden systems market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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41% of the market's growth will originate from North America during the forecast period. The US is the key market for the smart indoor garden systems market in North America. Market growth in this region will be faster than the growth of the market in Europe and South America.
The growing demand for Internet of Things (IoT) based smart home garden watering systems and the rising deployment of indoor gardens owing to the need for less space and pleasing aesthetics will facilitate the smart indoor garden systems market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 hindered the production of smart indoor garden systems in 2020. However, the initiation of large-scale vaccination drives in the region since the first half of 2021 has led to the resumption of transportation and supply chain activities. Such initiatives are expected to boost the growth of the regional smart indoor garden systems market during the forecast period.
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The smart indoor garden systems market share growth by the floor garden segment will be significant during the forecast period. Floor gardens are primarily used across urban areas, such as apartments in cities and others, to grow herbs, fresh fruits, and flowers through the help of modern and innovative technologies. Floor gardening requires time-to-time maintenance of plants, such as the use of fertilizers and pesticides controlling growth and watering plants, among others. However, it consists of self-watering systems, pest management, and smart soil that ensures that the plant is getting optimal water, oxygen, and nutrients. Such factors are expected to drive the growth of the floor garden segment, which, in turn, will fuel the growth of the market during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the smart indoor garden systems market size and actionable market insights on post COVID-19 impact on each segment.
Smart Indoor Garden Systems Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.15% |
Market growth 2022-2026 |
$ 899.39 million |
Market structure |
Fragmented |
YoY growth (%) |
7.58 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 41% |
Key consumer countries |
US, China, Australia, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
AeroFarms LLC, Agrilution Systems GmbH, AVA Technologies Inc., Bowery Farming Inc., CityCrop Automated Indoor Farming P.C, Click and Grow LLC, EDN Inc., Gardyn Inc., ingarden Inc., JOICOM Corp., Metropolis Farms Canada, Moistenland LLC , Natufia Saudi Arabia LLC, Plantui Oy, Rise Gardens LLC, Robert Bosch GmbH, The Farm Project, The Leaf Land Scape, and Tower Garden |
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, Market condition analysis for 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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