Greenhouse Equipment Market Size was worth USD 23.93 billion in 2021 and estimated to be growing at a CAGR of 8.7%, to reach USD 36.32 billion by 2026. The purpose of a greenhouse is to shield crops from excess cold or heat and unwanted pests. A greenhouse makes it possible to grow certain types of crops year-round, and fruits, tobacco plants, vegetables, and flowers are what a greenhouse most commonly grows. A greenhouse is a house made of glass. It has glass walls and a glass roof. People grow tomatoes and flowers and other plants in them. A greenhouse stays warm inside, even during winter. Sunlight shines in and warms the plants and air inside.
Market Drivers:
The growth of the Greenhouse Equipment market is majorly driven by the rise in the adoption of greenhouses, owing to rapid innovation in technology and rising disposable incomes of people willing to invest in farming. Technological innovations have further helped in lowering the costs of necessary equipment which aids in increasing the feasibility of owning a greenhouse. The adoption of greenhouse adoption technologies and encouragement from governments also act as drivers of market growth.
REPORT METRIC |
DETAILS |
Market Size Available |
2021 – 2026 |
Base Year |
2020 |
Forecast Period |
2022 - 2027 |
CAGR |
8.7% |
Segments Covered |
By Equipment, By Greenhouse Type, By Crop Type |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
|
Market Segmentation:
Heating systems
The Market is Geographically divided into:
In 2020, Europe led the global Greenhouse Equipment market in terms of market share., owing to the beginning of greenhouse culture in Europe because of favorable climate conditions. The market for this Greenhouse Equipment in the Asia-Pacific area is amplifying because of more supportive government policies and increasing demand for greenhouses. The Asia-Pacific and other rising nations are foreseen to develop at a quick pace in the Greenhouse Equipment market in the following years when compared with the seasoned markets of developed regions.
Key Players:
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