Press release
Smart Indoor Gardening System Market: Exponential Growth Expected with a CAGR of 6.1% by 2029
Smart Indoor Gardening System Market Size
What Is The Projected Market Size Of The Global Smart Indoor Gardening System Market And Its Growth Rate?
• The smart indoor gardening system market showed significant growth in the recent years, standing at $2.19 billion in 2024.
• With a promising CAGR of 5.0%, the market size is projected to hit $2.3 billion in 2025.
• The driving forces behind this growth are attributed to rising innovation in smart indoor gardening system, growing interior designing industry globally, increased demand for better yields, and adoption of innovative technologies such as IoT and AI.
• The market is expected to further burgeon to $2.92 billion in 2029 at a high CAGR of 6.1% due to the emergence of AI and IoT-based smart indoor gardening systems, rapid digitization and urbanization across emerging nations, rising consumer awareness and acceptance, increasing trends in interior design, and increasing disposable income.
What Is Driving The Growth In The Smart Indoor Gardening System Market?
Increased gardening activities have a significant impact on the growth of the smart indoor gardening system market. These activities include various tasks and actions involved in cultivating and caring for plants in outdoor or indoor spaces. To cater to the growing interest in indoor gardening, smart indoor gardening systems offer automated features and optimized environments for successful plant cultivation. For instance, a report published by the National Gardening Association in April 2023, stated that the average household spent $616 on lawn and gardening-related activities in 2022, an increase of $74 from 2021. In the same year, participation rate in lawn and gardening activities reached the highest level in five years with 80% of households engaging in these activities. Consequently, increased gardening activities drive the growth of the smart indoor gardening system market.
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Who Are the Key Players Driving Smart Indoor Gardening System Market Growth?
The major players in the smart indoor gardening system market include:
• Robert Bosch GmbH
• Plenty Unlimited Inc.
• AeroFarms
• Gardyn Inc.
• BSH Hausgerate GmbH
• BrightFarms Inc.
• Click & Grow LLC
• CityCrop Automated Indoor Farming Ltd
• IGWorks Inc.
• Living Greens Farm Inc.
What Are The Key Trends In The Smart Indoor Gardening System Market?
Key trends in the smart indoor gardening system market include:
• Smart soil and smart light technologies
• Technological advancements
• Strategic collaborations
• Innovative solutions
• Key players' partnerships
• Integration of wireless connectivity and sensor-based technologies
What Are The Segments Of The Global Smart Indoor Gardening System Market?
The smart indoor gardening system market is segmented as:
• By Type: Floor Garden, Wall Garden
• By Technology: Self-Watering, Smart Sensing, Smart Pest Management, Other Technologies
• By End-Use: Residential, Commercial
Which Region Leads The Smart Indoor Gardening System Market?
North America led the smart indoor gardening system market in 2024, while Asia-Pacific is expected to showcase the fastest growth in this sector during the forecast period. The smart indoor gardening system market report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Smart Indoor Gardening System Market Global Market Report?
- Market Size Analysis: Analyze the Smart Indoor Gardening System Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Smart Indoor Gardening System Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Smart Indoor Gardening System Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Smart Indoor Gardening System Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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