Smart Indoor Gardening System Global Market Opportunities and Strategies to 2033

This report describes and explains the smart indoor gardening system market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.

The global smart indoor gardening system market reached a value of nearly $2.1 billion in 2023, having grown at a compound annual growth rate (CAGR) of 3.46% since 2018. The market is expected to grow from $2.1 billion in 2023 to $2.7 billion in 2028 at a rate of 5.20%. The market is then expected to grow at a CAGR of 6.51% from 2028 and reach $3.7 billion in 2033.

Growth in the historic period resulted from climate change and its impact on traditional farming, rising healthcare costs driving interest in homegrown herbs and vegetables and increased government initiatives promoting vertical garden. Factors that negatively affected growth in the historic period were lack of awareness and education.

Going forward, increasing population density and urbanization, rise in social media and online communities promoting indoor gardening, rising demand for locally sourced and organic produce and rise in gardening enthusiasts will drive the growth. Factors that could hinder the growth of the smart indoor gardening system market in the future include availability of affordable fresh produce in supermarkets and grocery stores.

The smart indoor gardening system market is segmented by type into floor garden and wall garden. The floor garden market was the largest segment of the smart indoor gardening system market segmented by type, accounting for 71.7% or $1.5 billion of the total in 2023. Going forward, the wall garden segment is expected to be the fastest growing segment in the smart indoor gardening system market segmented by type, at a CAGR of 7.51% during 2023-2028.

The smart indoor gardening system market is segmented by technology into self-watering, smart sensing, smart pest management and other technologies. The self-watering market was the largest segment of the smart indoor gardening system market segmented by technology, accounting for 44.7% or $943.05 million of the total in 2023. Going forward, the smart pest management segment is expected to be the fastest growing segment in the smart indoor gardening system market segmented by technology, at a CAGR of 6.28% during 2023-2028.

The smart indoor gardening system market is segmented by end-use into residential and commercial. The residential market was the largest segment of smart indoor gardening system market segmented by end use, accounting for 68% or $1.4 billion of the total in 2023. Going forward, the residential segment is expected to be the fastest growing segment in smart indoor gardening system market segmented by end use, at a CAGR of 5.32% during 2023-2028.

North America was the largest region in the smart indoor gardening system market, accounting for 40.1% or $845.85 million of the total in 2023. It was followed by Asia-Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the smart indoor gardening system market will be Asia-Pacific and North America where growth will be at CAGRs of 5.60% and 5.55% respectively. These will be followed by Western Europe and Eastern Europe where the markets are expected to grow at CAGRs of 4.97% and 4.69% respectively.

The global smart indoor gardening system market is highly concentrated, with a small number of large players dominating the market. The top ten competitors in the market made up 99.61% of the total market in 2022. Robert Bosch GmbH was the largest competitor with a 93.90% share of the market, followed by AeroGrow International, Inc. (AeroGarden) with 1.69%, AeroFarms LLC with 1.39%, Gardyn Inc. with 1.05%, Click & Grow EU with 0.30%, CityCrop Automated Indoor Farming P.C. with 0.29%, Rise Gardens LLC with 0.25%, EDN, Inc. with 0.25%, Plantui Smart Garden LLP with 0.25% and Grow Smart Greens with 0.25%.

The top opportunities in the smart indoor gardening system market segmented by type will arise in the floor garden segment, which will gain $412.8 million of global annual sales by 2028. The top opportunities in the smart indoor gardening system market segmented by technology will arise in the self-watering segment, which will gain $256.7 million of global annual sales by 2028. The top opportunities in the smart indoor gardening system market segmented by end-use will arise in the residential segment, which will gain $608.4 million of global annual sales by 2028. The smart indoor gardening system market size will gain the most in the USA at $252.4 million.

Market-trend-based strategies for the smart indoor gardening system market include innovative product development to strengthen market position, advancements in aquaponic and hydroponic systems, strategic partnerships and collaborations among market players to drive innovation, focus on launch of modular gardening solutions such as customizable plant and seed kits and integration of advanced fogponics technology in smart indoor gardens.

Player-adopted strategies in the smart indoor gardening system market include focus on strengthening its operational capabilities through the launch of new products and strengthening its operational capabilities through strategic partnerships.

To take advantage of the opportunities, the analyst recommends the smart indoor gardening system companies to focus on innovative product development, focus on advancements in aquaponic and hydroponic systems, focus on modular plant kits and seed varieties, focus on integrating fogponics technology for enhanced growth, focus on fastest-growing wall garden segment, focus on smart pest management market segment, expand in emerging markets, continue to focus on developed markets, focus on strategic partnerships, focus on diversifying distribution channels, provide competitively priced offerings, focus on value-based pricing strategies, participate in trade shows and events, focus on digital marketing channels, emphasize educational content and demonstrations and focus on targeting residential end-users.