Report Feature
The future of the vertical farming market looks promising with opportunities in the building based and shipping container vertical farming markets. The global vertical farming market is expected to g
row with a CAGR of 25% from 2019 to 2024. The major drivers for this market are rising demand for high quality food, limited use of pesticides or herbicides, and increasing demand for independent farming techniques with very less/no impact of climatic conditions.A more than 150 pages report is developed to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of vertical farming market report download the report brochure.
The study includes the vertical farming market size and forecast for the global vertical farming market through 2024, segmented by component, structure, growth mechanism, crop type, and region as follows:
By Component [$M shipment analysis for 2013 – 2024]:
- Irrigation Component
- Lighting
- Sensor
- Climate Control
- Building Material
- Others
By Structure [$M shipment analysis for 2013 – 2024]:
- Building-Based Vertical Farms
- Shipping Container Vertical Farms
By Growth Mechanism [$M shipment analysis for 2013 – 2024]:
- Aeroponics
- Hydroponics
- Aquaponics
By Crop Type [$M shipment analysis for 2013 – 2024]:
- Lettuce
- Peppers
- Broccoli
- Spinach
- Cucumbers
- Tomatoes
- Strawberries
- Pomegranates
- Others
By Region [$M shipment analysis for 2013 – 2024]:
-
North America
- United States
- Canada
- Mexico
-
Europe
- Germany
- UK
- Italy
-
Asia Pacific
- China
- Japan
- India
- Rest of the World
Some of the vertical farming companies profiled in this report include Koninklijke Philips, Aerofarms, Sky Greens, Illumitex, Everlight Electronics, Green Sense Farms, LLC, Agrilution, American Hydroponics, Urban Crops, and Vertical Farm Systems
Some of the features of this report:
- Market size estimates: Vertical farming marketsize estimation in terms of value ($M) shipment.
- Trend and forecast analysis: Market trend (2013-2018) and forecast (2019-2024) by growth mechanism and crop type.
- Segmentation analysis: Market size by various segments such as by component, structure, growth mechanism, crop type, and region.
- Regional analysis: Vertical farming marketbreakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth opportunities: Analysis on growth opportunities in different applications and regions for vertical farming in the global vertical farming market.
- Strategic analysis: This includes M&A, new product development, and competitive landscape for, vertical farming in the vertical farming market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the global vertical farming market by component (irrigation component, lighting, sensor, climate control, building material, and others), structure (building-based vertical farms and shipping container vertical farms), growth mechanism (aeroponics, hydroponics, and aquaponics), crop type (lettuce, peppers, broccoli, spinach, cucumbers, tomatoes, strawberries, pomegranates, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World?
Q.2 which segments will grow at a faster pace and why?
Q.3 which regions will grow at a faster pace and why?
Q.4 what are the key factors affecting market dynamics? What are the drivers and challenges of the vertical farming market?
Q.5 what are the business risks and threats to the vertical farming market?
Q.6 what are emerging trends in this vertical farming market and the reasons behind them?
Q.7 what are some changing demands of customers in the vertical farming market?
Q.8 what are the new developments in the vertical farming market? Which companies are leading these developments?
Q.9 who are the major players in this vertical farming market? What strategic initiatives are being implemented by key players for business growth?
Q.10 what are some of the competitive products and processes in this vertical farming area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this, vertical farming market?
Table of Contents
4.2.1 Market by Crop Type: Lettuce, Peppers, Broccoli, Spinach, Cucumbers, Tomatoes, strawberries, pomegranates, and others 4.2.2 Market by Growth Mechanism: Aeroponics, Hydroponics, and Aquaponics 4.2.3 United States Vertical Farming Market 4.2.4 Canadian Vertical Farming Market 4.2.5 Mexican Vertical Farming Market
4.5.1 Market by Crop Type: Lettuce, Peppers, Broccoli, Spinach, Cucumbers, Tomatoes, strawberries, pomegranates, and others 4.5.2 Market by Growth Mechanism: Aeroponics, Hydroponics, and Aquaponics
6.1.1 Growth Opportunities for Global Vertical Farming Market by Component 6.1.2 Growth Opportunities for Global Vertical Farming Market by Structure 6.1.3 Growth Opportunities for Global Vertical Farming Market by Growth Mechanism 6.1.4 Growth Opportunities for Global Vertical Farming Market by Growth Crop Type 6.1.5 Growth Opportunities for Global Vertical Farming Market by Region
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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