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The growing awareness of smart indoor gardening and the expansion of the construction industry has driven the growth of the global smart indoor garden market. The Asia-Pacific market is estimated to exhibit the highest CAGR of 10.9% during the forecast period. The Covid-19 outbreak and the pandemic that followed have hampered manufacturing activities for smart indoor garden systems.
Portland, OR, March 10, 2021 (GLOBE NEWSWIRE) – According to the Allied Market Research report, the intelligent indoor garden systems market was pegged at $ 105,627.0 thousand in 2019 and is expected to rake in $ 176,559.1 thousand by 2027, with a CAGR of 8.4% from 2020 to 2027.
The growing awareness of smart indoor gardening, increasing disposable income, increasing greenhouse effect, and expanding construction industry have driven the growth of the global smart indoor garden market. However, the availability of substitutes and the changing and unfavorable climatic conditions are hampering the growth of the market. On the contrary, advancements in smart door gardening are expected to open lucrative opportunities for market players in the future.
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Covid-19 scenario
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The Covid-19 epidemic and the pandemic that followed have hampered the business of manufacturing smart indoor garden systems. Additionally, the prolonged lockdown resulted in a disruption in the supply chain and affected the market’s revenue stream.
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However, several country governments have allowed industrial processes to resume, which should help the market get back on track.
The global smart indoor gardening systems market is segmented on the basis of type, technology, end user, and region. Based on type, the wall garden segment is expected to represent the highest CAGR of 9.2% during the forecast period. However, the soil garden segment held the lion’s share in 2019, accounting for over three quarters of the market.
Get a detailed analysis of the impact of COVID-19 on the Global Smart Indoor Garden Systems Market Ask here
On an end-user basis, the residential segment is expected to register the highest CAGR of 8.7% during the forecast period. However, the commercial segment contributed the largest share in 2019, accounting for more than half of the market.
The global smart indoor gardening systems market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific market is estimated to exhibit the highest CAGR of 10.9% during the forecast period. However, the market in North America dominated the market in 2019, accounting for over two-fifths of the market.
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Global Smart Indoor Gardening Systems Market report includes in-depth analysis of major market players such as BSH Hausgeräte GmbH (Robert Bosch Stiftung GmbH), CityCrop Automated Indoor Farming Ltd., Click & Grow LLC., EDN Inc., Grobo Inc., Plantui Oy, SproutsIO Inc., Aero Farms, Agrilution GmbH and AVA Technologies Inc.
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