December 2, 2021

USD 3.91 Bn growth in Greenhouse Market | Agra Tech Inc. and Argus Control Systems Ltd. emerge as Key Players | Technavio

NEW YORK, Nov. 2, 2021 /PRNewswire/ — The greenhouse market size is expected to grow by USD 3.91…

NEW YORK, Nov. 2, 2021 /PRNewswire/ — The greenhouse market size is expected to grow by USD 3.91 billion from 2020 to 2025. Technavio’s latest market research report estimates that the greenhouse market will be progressing at a CAGR of over 11% during the forecast period. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. The growing requirement of fresh food and higher yield than traditional methods will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.

The report also covers the following areas:

Greenhouse Market 2021-2025: Segmentation

  • Construction
    • Wood-framed Structure
    • Pipe-framed Structure
    • Truss-framed Structure
  • Geography
    • Europe
    • North America
    • APAC
    • South America
    • MEA

By construction, the wood-framed structure generated maximum revenue in the market in 2020. The market growth in the segment will be significant during the forecast period. In terms of geography, Europe is expected to offer significant growth opportunities for market players. The region currently holds 56% of the global market share. The Netherlands, Germany, and Spain are the key markets for greenhouse in Europe.

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Greenhouse Market 2021-2025: Vendor Analysis and Scope

To help businesses improve their market position, the greenhouse market provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include Agra Tech Inc., Argus Control Systems Ltd., Certhon, Gibraltar Industries Inc., Heliospectra AB, Hort Americas LLC, LOGIQS B.V., LumiGrow Inc., Richel Group SAS, and Rough Brothers Inc.

Rapid urbanization and the low availability of arable land is likely to emerge as one of the primary drivers of the market. However, factors such as the requirement of precision technology for a controlled growth environment and high initial cost of setup may threaten the growth of the market.

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Greenhouse Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist greenhouse market growth during the next five years
  • Estimation of the greenhouse market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the greenhouse market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of greenhouse market vendors

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Greenhouse Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of over 11%

Market growth 2021-2025

USD 3.91 billion

Market structure

Fragmented

YoY growth (%)

10.48

Regional analysis

Europe, North America, APAC, South America, and

MEA

Performing market contribution

Europe at 56%

Key consumer countries

US, The Netherlands, China, Germany, and Spain

Competitive landscape

Leading companies, competitive strategies,

consumer engagement scope

Companies profiled

Agra Tech Inc., Argus Control Systems Ltd.,

Certhon, Gibraltar Industries Inc., Heliospectra AB,

Hort Americas LLC, LOGIQS B.V., LumiGrow Inc.,

Richel Group SAS, and Rough Brothers Inc.

Market Dynamics

Parent market analysis, Market growth inducers and

obstacles, Fast-growing and slow-growing segment

analysis, COVID-19 impact and future consume

dynamics, market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are

looking for, you can reach out to our analysts and

get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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