The vertical farming market size is poised to grow by $ 39.9 billion by 2032 from $ 5.1 Billion in 2022, exhibiting a CAGR of 22.89% during the forecast period 2023-2032.
Key Takeaways:
- Asia Pacific vertical farming market has accounted revenue share of 28.4% in 2022.
- By structure, the shipping container segment has captured a revenue share of around 54.3% in 2022.
- The building-based segment held a revenue share of 45.7% in 2022.
- By growth mechanism, the hydroponics segment has held a 41% revenue share in 2022.
The main objective of this report is to define, describe, and forecast the global market by types, application, manufacturers, and regions. The report provides detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the market. The report aims to strategically analyze the micro markets with respect to individual growth trends, prospects, and contributions to the global market. The report also attempts to forecast the market size of the 5 main regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It strategically profiles the key market players and comprehensively analyzes their core competencies. It also tracks and analyzes competitive developments, such as joint ventures, mergers and acquisitions, new developments, and Research and Development (R&D) activities, in market.
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COVID-19 Impact
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the electric vehicle fuel cell market in 2020.
COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.
The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.
Major companies operating in this area
- 4D Bios Inc
- Illumitex Inc
- Urban Crop Solutions
- Koninklijke Philips N.V.
- AMHYDRO (American Hydroponics)
- AeroFarms
- Agrilution
- Everlight Electronics Co., Ltd
- Hort Americas
- Others
Market Segmentation
By Growth Mechanism
- Hydroponics
- Aeroponics
- Aquaponics
By Component
- Lighting
- Climate Control
- Sensor
- Irrigation
- Others
By Fruits, Vegetables & Herbs
- Bell & Chili peppers
- Strawberry
- Tomato
- Lettuce
- Cucumber
- Herbs
- Leafy Greens (excluding lettuce)
- Others
By Structure
- Shipping Container
- Building-based
By Geography
- North America
-
- U.S.
- Canada
-
- Europe
-
- Germany
- France
- United Kingdom
- Rest of Europe
-
- Asia Pacific
-
- China
- Japan
- India
- Southeast Asia
- Rest of Asia Pacific
-
- Latin America
-
- Brazil
- Rest of Latin America
-
- Middle East & Africa (MEA)
-
- GCC
- North Africa
- South Africa
- Rest of Middle East & Africa
-
Major highlights of Report:
- Figures related to sales volume, market remuneration, and segmental shares
- Featuring market dynamics
- Growth prospects and expansion graph
- PROCON study of direct & indirect sales channels
- Profiles of prominent traders, dealer, and distributors in the industry
Geographical landscape: North America, Europe, Asia-Pacific, South America, Middle East and Africa
- Industry forecasts based on region and at country level
- Data about sales volume recorded, industry share held, and profit margins amassed
- Overall remuneration and estimated growth rate for each regional market
Major Key Points Covered in Report:
Executive Summary: It includes key trends of the electric vehicle fuel cell market related to products, applications, and other crucial factors. It also provides analysis of the competitive landscape and CAGR and market size of the electric vehicle fuel cell market based on production and revenue.
Production and Consumption by Region: It covers all regional markets to which the research study relates. Prices and key players in addition to production and consumption in each regional market are discussed.
Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the Electric vehicle fuel cell market.
Market Segments: This part of the report discusses product, application and other segments of the electric vehicle fuel cell market based on market share, CAGR, market size, and various other factors.
Research Methodology: This section discusses the research methodology and approach used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Vertical Farming Market
5.1. COVID-19 Landscape: Vertical Farming Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Vertical Farming Market, By Growth Mechanism
8.1. Vertical Farming Market, by Growth Mechanism Type, 2021-2030
8.1.1. Hydroponics
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Terraponics
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. Aeroponics
8.1.3.1. Market Revenue and Forecast (2019-2030)
8.1.4. Aquaponics
8.1.4.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Vertical Farming Market, By Component
9.1. Vertical Farming Market, by Component, 2021-2030
9.1.1. Lighting
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Climate Control
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. Sensor
9.1.3.1. Market Revenue and Forecast (2019-2030)
9.1.4. Irrigation
9.1.4.1. Market Revenue and Forecast (2019-2030)
9.1.5. Others
9.1.5.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Vertical Farming Market, By Fruits, Vegetables & Herbs
10.1. Vertical Farming Market, by Fruits, Vegetables & Herbs, 2021-2030
10.1.1. Bell & Chili peppers
10.1.1.1. Market Revenue and Forecast (2019-2030)
10.1.2. Strawberry
10.1.2.1. Market Revenue and Forecast (2019-2030)
10.1.3. Tomato
10.1.3.1. Market Revenue and Forecast (2019-2030)
10.1.4. Lettuce
10.1.4.1. Market Revenue and Forecast (2019-2030)
10.1.5. Cucumber
10.1.5.1. Market Revenue and Forecast (2019-2030)
10.1.6. Herbs
10.1.6.1. Market Revenue and Forecast (2019-2030)
10.1.7. Leafy Greens (excluding lettuce)
10.1.7.1. Market Revenue and Forecast (2019-2030)
10.1.8. Others
10.1.8.1. Market Revenue and Forecast (2019-2030)
Chapter 11. Global Vertical Farming Market, By Structure Type
11.1. Vertical Farming Market, by Structure Type, 2021-2030
11.1.1. Shipping Container
11.1.1.1. Market Revenue and Forecast (2019-2030)
11.1.2. Building-based
11.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 12. Global Vertical Farming Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)
12.1.2. Market Revenue and Forecast, by Component (2019-2030)
12.1.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)
12.1.4. Market Revenue and Forecast, by Structure Type (2019-2030)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)
12.1.5.2. Market Revenue and Forecast, by Component (2019-2030)
12.1.5.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)
12.1.5.4. Market Revenue and Forecast, by Structure Type (2019-2030)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)
12.1.6.2. Market Revenue and Forecast, by Component (2019-2030)
12.1.6.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)
12.1.6.4. Market Revenue and Forecast, by Structure Type (2019-2030)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)
12.2.2. Market Revenue and Forecast, by Component (2019-2030)
12.2.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)
12.2.4. Market Revenue and Forecast, by Structure Type (2019-2030)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)
12.2.5.2. Market Revenue and Forecast, by Component (2019-2030)
12.2.5.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)
12.2.5.4. Market Revenue and Forecast, by Structure Type (2019-2030)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)
12.2.6.2. Market Revenue and Forecast, by Component (2019-2030)
12.2.6.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)
12.2.6.4. Market Revenue and Forecast, by Structure Type (2019-2030)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)
12.2.7.2. Market Revenue and Forecast, by Component (2019-2030)
12.2.7.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)
12.2.7.4. Market Revenue and Forecast, by Structure Type (2019-2030)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)
12.2.8.2. Market Revenue and Forecast, by Component (2019-2030)
12.2.8.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)
12.2.8.4. Market Revenue and Forecast, by Structure Type (2019-2030)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)
12.3.2. Market Revenue and Forecast, by Component (2019-2030)
12.3.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)
12.3.4. Market Revenue and Forecast, by Structure Type (2019-2030)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)
12.3.5.2. Market Revenue and Forecast, by Component (2019-2030)
12.3.5.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)
12.3.5.4. Market Revenue and Forecast, by Structure Type (2019-2030)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)
12.3.6.2. Market Revenue and Forecast, by Component (2019-2030)
12.3.6.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)
12.3.6.4. Market Revenue and Forecast, by Structure Type (2019-2030)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)
12.3.7.2. Market Revenue and Forecast, by Component (2019-2030)
12.3.7.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)
12.3.7.4. Market Revenue and Forecast, by Structure Type (2019-2030)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)
12.3.8.2. Market Revenue and Forecast, by Component (2019-2030)
12.3.8.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)
12.3.8.4. Market Revenue and Forecast, by Structure Type (2019-2030)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)
12.4.2. Market Revenue and Forecast, by Component (2019-2030)
12.4.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)
12.4.4. Market Revenue and Forecast, by Structure Type (2019-2030)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)
12.4.5.2. Market Revenue and Forecast, by Component (2019-2030)
12.4.5.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)
12.4.5.4. Market Revenue and Forecast, by Structure Type (2019-2030)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)
12.4.6.2. Market Revenue and Forecast, by Component (2019-2030)
12.4.6.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)
12.4.6.4. Market Revenue and Forecast, by Structure Type (2019-2030)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)
12.4.7.2. Market Revenue and Forecast, by Component (2019-2030)
12.4.7.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)
12.4.7.4. Market Revenue and Forecast, by Structure Type (2019-2030)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)
12.4.8.2. Market Revenue and Forecast, by Component (2019-2030)
12.4.8.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)
12.4.8.4. Market Revenue and Forecast, by Structure Type (2019-2030)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)
12.5.2. Market Revenue and Forecast, by Component (2019-2030)
12.5.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)
12.5.4. Market Revenue and Forecast, by Structure Type (2019-2030)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)
12.5.5.2. Market Revenue and Forecast, by Component (2019-2030)
12.5.5.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)
12.5.5.4. Market Revenue and Forecast, by Structure Type (2019-2030)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Growth Mechanism (2019-2030)
12.5.6.2. Market Revenue and Forecast, by Component (2019-2030)
12.5.6.3. Market Revenue and Forecast, by Fruits, Vegetables & Herbs Type (2019-2030)
12.5.6.4. Market Revenue and Forecast, by Structure Type (2019-2030)
Chapter 13. Company Profiles
13.1. 4D Bios Inc
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Illumitex Inc
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Urban Crop Solutions
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Koninklijke Philips N.V.
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. AMHYDRO (American Hydroponics)
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. AeroFarms
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Agrilution
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Everlight Electronics Co., Ltd
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Hort Americas
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. Others
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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