Market Overview:
The global mobile vertical growing systems market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for fresh fruits and vegetables, rising awareness about health benefits of consuming fresh fruits and vegetables, and technological advancements in mobile vertical growing systems. The global mobile vertical growing systems market is segmented on the basis of type into small type and large type. The small type segment is expected to account for a larger share of the global market than the large type segment during the forecast period from 2018 to 2030. This can be attributed to their low cost as compared to large types, easy installation, and portability. On the basis of application, the global mobile vertical growing systems market is divided into family use and farm use segments. The family use segment accounted for a larger share of the global market in 2017 than that of farm use segment owing high adoption rates in developed countries such as UAS., Canada., France., Germany., Italy., Spain.etc,. However,.the farm use segment is projected grow at a higher CAGR during 2018-2030 due increased adoption rates in developing countries such as India,. China.etc,.
Product Definition:
A mobile vertical growing system is a type of agriculture where crops are grown in vertically stacked layers in a controlled environment. The importance of mobile vertical growing systems is that they allow for year-round crop production, which can be crucial for certain types of crops. Additionally, they use less land and water than traditional farming methods, making them an efficient way to produce food.
Small Type:
Small type is also known as micro-type or nano-type. It refers to a range of display sizes ranging from small screen smart phones to watch types and below. Small type can be used in any mobile vertical growing system such as m-commerce, e-commerce, social commerce and other applications which require user interaction on the go.
Large Type:
Large type is a term used for printing or displaying text and image at a large size on any surface. The most common use of this technology is in billboards, signboards, hoardings and buses. Large type can be seen from far distances hence it has been widely used in advertisement industry which helps companies to reach the target audience effectively.
Application Insights:
The family use application segment accounted for the largest revenue share in 2017 and is projected to continue its dominance over the forecast period. Vertical farming offers numerous benefits, such as cost-effectiveness, ease of transportation and storage, no need for pesticides or fertilizers, reduced food miles due to direct delivery to market centers and a large number of other advantages that are driving its adoption among medium-sized families.
The farm use application segment is expected register the fastest CAGR from 2018 to 2030 owing vertical farming¢â‚¬â„¢s ability to provide high crop yields with less land requirement at lower costs which can be utilized efficiently across all income levels. The small farmers (those having up t0 5 acres) can easily adopt vertical farming techniques while larger farms (>50 acres) can utilize this technique through partnerships with specialized agricultural companies who offer customized solutions according horizontal growing on larger scale farms.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region’s growth can be attributed to increasing awareness regarding farming and horticulture in developing countries, such as India and China. In addition, rising disposable income levels are anticipated to spur demand for these systems in this region. Europe is also estimated to witness considerable growth over the coming years owing to growing urbanization and changing climatic conditions that render traditional agriculture practices difficult or impossible. Vertical farms offer a sustainable solution for farmers who are seeking alternative ways of producing food crops amidst challenges such as climate change, soil degradation, decreasing agricultural land availability etc., especially in developed economies including Germany and Switzerland where vertical farms account for a significant share of total farm area (20% & 22%, respectively).
North America accounted for more than 20% revenue share in 2016 owing both to high adoption rates among individuals as well as large-scale investments by governments across U.S.
Growth Factors:
- Increasing demand for food due to population growth
- Rising income levels of consumers, especially in developing countries
- Urbanization and the consequent shift of population towards cities
- Proliferation of supermarkets and other retail formats that are increasing the demand for fresh produce
- Technological advancements in agricultural production
Scope Of The Report
Report Attributes
Report Details
Report Title
Mobile Vertical Growing Systems Market Research Report
By Type
Small Type, Large Type
By Application
Family Use, Farm Use
By Companies
Montel, Spacesaver Corporation, GreenTech Agro, Grow Trucks, Montel
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Mobile Vertical Growing Systems Market Report Segments:
The global Mobile Vertical Growing Systems market is segmented on the basis of:
Types
Small Type, Large Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Family Use, Farm Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Montel
- Spacesaver Corporation
- GreenTech Agro
- Grow Trucks
- Montel
Highlights of The Mobile Vertical Growing Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Small Type
- Large Type
- By Application:
- Family Use
- Farm Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Mobile Vertical Growing Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Mobile Vertical Growing System (MVGS) is a type of hydroponic system that uses vertical growing chambers to cultivate plants. MVGs are typically smaller and more compact than traditional hydroponic systems, making them easier to transport and set up. They also allow for greater flexibility in crop selection and cultivation techniques, making them ideal for use in small spaces or locations where space is at a premium.
Some of the major companies in the mobile vertical growing systems market are Montel, Spacesaver Corporation, GreenTech Agro, Grow Trucks, Montel.
The mobile vertical growing systems market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Mobile Vertical Growing Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Mobile Vertical Growing Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Mobile Vertical Growing Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Mobile Vertical Growing Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Mobile Vertical Growing Systems Market Size & Forecast, 2020-2028
4.5.1 Mobile Vertical Growing Systems Market Size and Y-o-Y Growth
4.5.2 Mobile Vertical Growing Systems Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Small Type
5.2.2 Large Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Family Use
6.2.2 Farm Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Mobile Vertical Growing Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Mobile Vertical Growing Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Small Type
9.6.2 Large Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Family Use
9.10.2 Farm Use
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Small Type
10.6.2 Large Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Family Use
10.10.2 Farm Use
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Small Type
11.6.2 Large Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Family Use
11.10.2 Farm Use
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Small Type
12.6.2 Large Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Family Use
12.10.2 Farm Use
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Small Type
13.6.2 Large Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Family Use
13.10.2 Farm Use
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Mobile Vertical Growing Systems Market: Competitive Dashboard
14.2 Global Mobile Vertical Growing Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Montel
14.3.2 Spacesaver Corporation
14.3.3 GreenTech Agro
14.3.4 Grow Trucks
14.3.5 Montel
