USD 2.06 billion
GCC Smart Indoor Garden Systems Market Size, Share, Growth Analysis - Industry Forecast 2024-2031
Report ID:
SQMIG20H2021 |
Region:
Global |
Published Date: February, 2024
Pages:
259
|
Tables:
9 |
Figures:
73
GCC Smart Indoor Garden Systems Market Insights
GCC Smart Indoor Garden Systems Market size was valued at USD 2.06 billion in 2019 and is poised to grow from USD 2.13 billion in 2023 to USD 3.22 billion by 2031, growing at a CAGR of 5.2% in the forecast period (2024-2031).
Smart indoor gardening is a growing system for growing vegetables, fruits, and flowers indoors. A plant can be grown in our houses without the use of pesticides, insecticides, plant hormones, or any other chemical chemicals. This is an environmentally friendly way to grow plants. In addition, because they are organic and devoid of pesticides and other toxins, veggies grown inside tend to taste better. There are many different varieties of indoor gardens, including hydroponic, aeroponic, container, corner raised bed, microgreens corner, living walls, etc.
Some of the key reasons driving the market include the development of green technology, an increase in the greenhouse effect, an increase in disposable income, consumer acceptance and awareness, and an increase in interior design trends. The market is being significantly driven by the introduction of new technologies, an increase in new goods, and services. Unfavorable climatic conditions also hinder the growth of the market. Home gardens may be separated from other areas using physical barriers like living fences or hedges, fences, ditches, or mutually agreed-upon borders. Home gardening is now feasible for households with little to no land thanks to innovative technology and growing systems.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Fruits & Vegetables
Fastest Growth
Fruits & Vegetables
Growth Rate
5.2% CAGR
GCC Smart Indoor Garden Systems Market 2021-2028 ($ Bn)
Country Share for GCC Region- 2021 (%)
GCC Smart Indoor Garden Systems Market Size By Crop Type 2021-2028 ($ Bn)
GCC Smart Indoor Garden Systems Market Size By Crop Type 2021-2028 (%)
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GCC Smart Indoor Garden Systems Market Segmental Analysis
GCC Smart Indoor Garden Systems Market is segmented based on the Crop Type, End-User and region. Based on Crop Type, the market is segmented into Fruits & Vegetables, Herbs and Microgreens, Flowers and Ornamentals. Based on End-User, the market is segmented into Residential and Commercial.
GCC Smart Indoor Garden Systems Market Analysis by Crop Type
Based on crop type, fruits and vegetables segment dominated the market, and it is projected that it will continue to lead during the forecast period. This is explained by the significant revenue that fruits and vegetables generate in various regions.
GCC Smart Indoor Garden Systems Market Analysis by End-user
Based on end-user, the residential market is projected to have the highest revenue share in 2021 and to dominate the market throughout the projection period. The enormous segment share might be attributable to an increase in residential development activity around the world. Additionally, it is projected that increasing renovation efforts will fuel the segment expansion. For instance, a number of prospective residential developments in Canada include Oxford Place, Rockcliffe Lands Redevelopment, and Garibaldi at Squamish Ski Resort, which is valued at over CAD 3.5 billion.
GCC Smart Indoor Garden Systems Market By Crop Type 2021 (%), 2023 (%)
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GCC Smart Indoor Garden Systems Market Regional Insights
People in nations like UAE and Bahrain spend more than 90% of their time inside. As a result, sustainable or green buildings provide owners, occupants, and businesses with healthier and more effective solutions. It has been proven that utilising a well-integrated green design approach can save operating costs for energy and water efficient buildings by more than 50%. Thus, the UAE and Bahrain region dominates the GCC Smart Indoor Garden Systems Market.
GCC Smart Indoor Garden Systems Market By Geography, 2021-2028, 2024-2031
- Largest
- Fastest
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GCC Smart Indoor Garden Systems Market Dynamics
GCC Smart Indoor Garden Systems Market Driver
- The smart indoor gardening systems market is expected to expand as a result of technological developments and the creation of more inventive farming methods and goods. Additionally, it is predicted that there will be significant growth potential due to the growing innovation in smart indoor gardening systems, the expanding interior design market, and the rising need for greater yields. The industry for indoor gardening systems is expected to increase as a result of the increasing usage of cutting-edge technologies like IoT and AI, among others. Intelligent indoor gardening solutions based on AI and IoT are now more compatible with mobile software programmes. Furthermore, it is projected that the advantages provided by intelligent indoor gardening systems would spur the market expansion. These systems provide a variety of functions like self-watering, intelligent pest management, and digital monitoring systems that make it possible to gather crucial information about plant nutrient levels. It is projected that the industry would increase as a result of the growing urbanisation and digitization occurring in emerging nations.
GCC Smart Indoor Garden Systems Market Restraint
- There are a number of important concerns that are anticipated to limit the adoption of smart indoor gardening systems, including the availability of alternative options like traditional or conventional methodologies and setups and significant initial investment. Despite the care given, indoor gardens are primarily sensitive to disease and probable pest infestation, and even a brief absence of supervision can have negative consequences. Other factors limiting adoption include lower yield in terms of volume.
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GCC Smart Indoor Garden Systems Market Competitive Landscape
GCC Smart Indoor Garden Systems Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
GCC Smart Indoor Garden Systems Market Top Player's Company Profiles
- Crop One Holdings
- Madar Farms
- Urban Farming
- Alesca Life Technologies
- Pure Harvest Smart Farms
- Desert Control
- Alqudrah Farms
- Eden Gardens
- Red Sea Farms
- Emirates Hydroponics Farms
- Future Gardens
- Plantagon International
- Green Belt
- Growlink Grow Systems
- CityCrop
- iFarm
- Farmshelf
- LettUs Grow
- Root AI
- Bowery Farming
GCC Smart Indoor Garden Systems Market Recent Developments
- In December 2021, LG Electronics (LG) announced launch of its new modem freestanding smart indoor gardening appliance, LG Tiiun, which can be used to cultivate vegetables, herbs, and flowers from the comfort of home all year long. LG's latest lifestyle innovation offers all the benefits of a full-featured garden without the worries of pests or unfavorable climate.
- In April 2020, AeroFarms planned to build a 90,000 square foot indoor vertical farm in Abu Dhabi, UAE. The farm will be dedicated to state-of-the-art R&D and commercialization of relevant local crops utilizing AeroFarms' expertise and proprietary indoor vertical farming technology
GCC Smart Indoor Garden Systems Key Market Trends
- The smart garden has emerged as a practical method of gardening as a result of technological improvements. It makes use of a modern gardening system that is Wi-Fi operated. It has an app that lets you operate the gadget using an Android or iOS handset. These systems are designed for usage indoors where they can be used to regulate lighting and supply nutrients to plants. Additionally equipped with self-watering mechanisms, they were created especially for use indoors in confined areas without soil.
GCC Smart Indoor Garden Systems Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our GCC Smart Indoor Garden Systems Market analysis, in terms of crop type, the Fruits & Vegetables segment held larger market share owing to high revenue generation. In terms of end user, residential segment dominates the market owing to rising renovation activities. Moreover, the growth is predicted to be rise by the growing trend of improving outdoor space at various commercial infrastructures, including hotels, theme parks, and corporate offices, among others, in order to boost their worth. Whereas, the unfavorable climatic conditions can hamper the market growth.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2.06 billion |
| Market size value in 2031 | USD 3.22 billion |
| Growth Rate | 5.2% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on GCC Smart Indoor Garden Systems Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on GCC Smart Indoor Garden Systems Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the GCC Smart Indoor Garden Systems Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the GCC Smart Indoor Garden Systems Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the GCC Smart Indoor Garden Systems Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the GCC Smart Indoor Garden Systems Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
GCC Smart Indoor Garden Systems Market Report Snapshots
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