USD 2.06 billion
Report ID:
SQMIR20H2038 |
Region:
Regional |
Published Date: February, 2024
Pages:
259
|Tables:
9
|Figures:
73
GCC Smart Indoor Garden Systems Market size was valued at USD 2.13 Billion in 2023 and is poised to grow from USD 2.24 Billion in 2024 to USD 3.39 Billion by 2032, growing at a CAGR of 5.2% during the forecast period (2025-2032).
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.
Global Market Size
USD 2.06 billion
Largest Segment
Fruits & Vegetables
Fastest Growth
Fruits & Vegetables
Growth Rate
5.2% CAGR
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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.
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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.
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GCC Smart Indoor Garden Systems Market Driver
GCC Smart Indoor Garden Systems Market Restraint
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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
GCC Smart Indoor Garden Systems Market Recent Developments
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 2019 | USD 2.06 billion |
Market size value in 2031 | USD 3.22 billion |
Growth Rate | 5.2% |
Base year | 2023 |
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 |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
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.
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.
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Report ID: SQMIR20H2038
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