Greenhouse Equipment Market Report By Market Data Forecast 2024
MARKET OVERVIEW:
The purpose of a greenhouse is to shield crops from excess cold or heat and unwanted pests. Greenhouse Equipment Market Size was worth USD 23.93 billion in 2019 and estimated to be growing at a CAGR of 8.7%, to reach USD 36.32 billion by 2024.
DRIVERS & RESTRAINTS OF THE MARKET:
- The growth of the global greenhouse equipment market is mainly due to the increasing adoption of greenhouses, due to rapid technological innovation and the increase in disposable income of people willing to invest in agriculture.
- Technological innovations have also helped reduce the costs of needed equipment, which helps to increase the feasibility of owning a greenhouse.
- The promotion of greenhouse adoption technologies and the encouragement of governments are also drivers of market growth.
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REPORT SEGMENTED AS:
Based on Equipment:
- Heating systems
- Cooling systems
- Others
Based on Type:
- Glass greenhouse
- Horticulture glass
- Other greenhouse glass
- Plastic greenhouse
- Polyethylene
- Polycarbonate
- Polymethyl methacrylate (PMMA)
Based on Crop Type:
- Fruits & vegetables
- Flowers & ornamentals
- Nursery Crops
- Other crops
GEOGRAPHICAL SEGMENTATION:
Geographically, the Global Greenhouse Equipment Market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle-East & Africa. Europe is the market leader globally. Asia-Pacific and all the developing countries are expected to proliferate over the forecast period owing to increasing demand for greenhouse practices and government support.
KEY MARKET PLAYERS:
- Richel Group SA
- Argus Control Systems Ltd.
- Certhon
- Logiqs B.V.
- Lumigrow Inc.
- Agra Tech Inc
- Rough Brothers Inc.
- Nexus Corporation
- Hort Americas LLC
- Heliospectra AB
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THE SCOPE OF THE REPORT:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed, and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis of prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
ABOUT US:
Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.
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