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.
Table of Contents
Executive Summary
Smart Indoor Gardening System Global Market Opportunities and Strategies to 2033 provides the strategists; marketers and senior management with the critical information they need to assess the global smart indoor gardening system market as it emerges from the COVID-19 shut down.Reasons to Purchase:
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- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
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- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
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Description
Where is the largest and fastest-growing market for smart indoor gardening system? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The smart indoor gardening system market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider smart indoor gardening system market; and compares it with other markets.
The report covers the following chapters:
- Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions, and explanations about the smart indoor gardening system market.
- Key Trends - Highlights the major trends shaping the smart indoor gardening system market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario - The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on the global and regional markets, providing strategic insights for businesses in the smart indoor gardening system market.
- Global Market Size and Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional Analysis - Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation - Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by type, segment by technology and segment by end-use in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth - Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Competitive Benchmarking - Briefs on the financials comparison between major players.
- Competitive Dashboard - Briefs on competitive dashboard of major players.
- Other Major and Innovative Companies - Details on the company profiles of other major and innovative companies in the market.
- Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities and Strategies - Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions and Recommendations - This section includes recommendations for smart indoor gardening system providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
1) by Type: Floor Garden; Wall Garden2) by Technology: Self-Watering; Smart Sensing; Smart Pest Management; Other Technologies
3) by End Use: Residential; Commercial
Key Companies Mentioned: Robert Bosch GmbH; AeroGrow International, Inc. (AeroGarden); AeroFarms LLC; Gardyn Inc.; Click & Grow EU
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; smart indoor gardening system indicators comparison.
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Robert Bosch GmbH
- AeroGrow International, Inc. (AeroGarden)
- AeroFarms LLC
- Gardyn Inc.
- Click & Grow EU
- CityCrop Automated Indoor Farming P.C.
- Rise Gardens LLC
- EDN, Inc.
- Plantui Smart Garden LLP
- Grow Smart Greens
- Homecrop
- Greenjoy Production Inc.
- VegeBox
- AVA Technologies Inc.
- Photon Science and Technology Co. LTD
- Da Di Pu Yuan Agricultural Technology Co. LTD
- AeroFarms
- Bitponics
- Agrilution
- Véritable
- Prêt à Pousser
- INFARM
- Niwa
- Huertos de Soria
- Plantui
- IKEA
- UrbanFarmers
- Agrilution
- EVJA
- Seedo
- Aerogarden
- LettUs Grow
- Parus AgroTech
- Agro-Innovations
- Farmec
- Plantcare
- Plantalux
- GrowSpec
- ECOPRODUCT GROUP
- Smart Grow Box
- Miracle-Gro
- Farmshelf
- LEAF
- Plenty
- Gardyn
- Prepara
- Back to the Roots
- Modern Sprout
- Nutritower
- GROBO
- OGarden
- Urban Cultivator
- Verde Compacto
- Growbox Mexico
- Smart Greens MX
- Verde Vertical
- Ecolifebox
- PLANTUI
- Tower Garden
- Smart Gro
- EdenShield
- Sustainable Agricultural Technologies (SAT)
- Red Sea Farms
- Crop One Holdings
- Alesca Life Technologies
- Agrico Qatar
- Baladna
- Bitki
- Future Farms Egypt
- CityFarm Egypt
- Releaf
- Farmcrowdy
- Urban Organics
- Agritech Africa
- Illuminum Greenhouses Kenya
- Twiga Foods
- Uganda Greenhouse Farming Association
- Agri Evolve
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 282 |
Published | May 2024 |
Forecast Period | 2023 - 2033 |
Estimated Market Value ( USD | $ 2.1 Billion |
Forecasted Market Value ( USD | $ 3.7 Billion |
Compound Annual Growth Rate | 5.9% |
Regions Covered | Global |