Overview and Scope
A smart indoor gardening system is an automated and technologically advanced setup that enables individuals to grow plants and herbs indoors with minimal effort and expertise. These systems incorporate various smart features, sensors, and technology to create an optimized environment for plant growth and provide convenience to users.
Sizing and Forecast
The smart indoor gardening system market size has grown strongly in recent years. It will grow from $2.16 billion in 2023 to $2.3 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to rising innovation in the smart indoor gardening system, growing interior designing industry globally, increased demand for better yields, advancements and development of more innovative farming techniques and products, growing adoption of innovative technologies such as iot and ai.
The smart indoor gardening system market size is expected to see strong growth in the next few years. It will grow to $2.89 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to 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, increasing disposable income. Major trends in the forecast period include smart soil and smart light technologies, technological advancements, strategic collaborations, innovative solutions, key players’ partnerships, integration of wireless connectivity and sensor-based technologies.
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Segmentation & Regional Insights
The smart indoor gardening system market covered in this report is segmented –
1) By Type: Floor Garden, Wall Garden
2) By Technology: Self-Watering, Smart Sensing, Smart Pest Management, Other Technologies
3) By End-Use: Residential, Commercial
North America was the largest region in the smart indoor gardening system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart indoor gardening system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Increased gardening activities are expected to propel the growth of the smart indoor gardening system market going forward. Gardening activities refer to the various tasks and actions involved in cultivating and caring for plants in outdoor or indoor spaces. Smart indoor gardening systems cater to the growing interest in indoor gardening by providing automated features and optimized environments for successful plant cultivation. For instance, in April 2023, according to report published by the National Gardening Association, a US-based nonprofit organization, the average household spent $616 on lawn and gardening-related activities in 2022, an increase of $74 from 2021. Additionally, in 2022, the participation rate in lawn and gardening activities reached its highest level in five years, with 80% of households engaging in these activities. Therefore, increased gardening activities are driving the growth of the smart indoor gardening system market.
Key Industry Players
Major companies operating in the smart indoor gardening system market report are 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., Bowery Farming Inc., Agrilution Systems GmbH, AVA Technologies Inc., Plantui Smart Garden LLP, Gotham Greens LLC, Homecrop, EDN Inc., Grow Smart Greens, Rise Gardens Inc., Nutritower Inc., Urban Cultivator, Greenjoy Production Inc., Root Farm Ltd., VegeBox, Greenery Unlimited, AquaSprouts Inc., Ingarden Inc., Farmshelf Corporation, idoo, Lettuce Grow.
The smart indoor gardening system market report table of contents includes:
1. Executive Summary
2. Smart Indoor Gardening System Market Characteristics
3. Smart Indoor Gardening System Market Trends And Strategies
4. Smart Indoor Gardening System Market – Macro Economic Scenario
5. Global Smart Indoor Gardening System Market Size and Growth
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32. Global Smart Indoor Gardening System Market Competitive Benchmarking
33. Global Smart Indoor Gardening System Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Smart Indoor Gardening System Market
35. Smart Indoor Gardening System Market Future Outlook and Potential Analysis
36. Appendix
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