This market research report presents a detailed segmentation of the global grow tent market by geography and includes key regions like APAC, Europe, North America, and ROW. The leading vendors analyzed in this market study are Secret Jardin, Grow Lab, Gorilla grow tent, Sunhut grow tent.
Technavio’s market research analysts estimate the global grow tent market, to grow at a CAGR of 9% between 2016 and 2020. Grow tents promote the healthy growth of plants by carefully optimizing the lighting conditions, temperature, and humidity. Consequently, the growers can manipulate the environment to increase the productivity of their crops. Europe dominates the global grow tent market, occupying 33% of the overall market share. The recent increase in agricultural R&D by both public and private bodies in Europe will result in the advent of new techniques and technologies in agricultural research.
The new market research report from Technavio provides a breakdown and analysis of the grow tent segments by technology.
“Manufacturers are designing new improved grow tents to increase the productivity of crops. For example, Gorilla Grow Tent offers grow tents with adjustable height depending on the requirement. Mammoth introduced its G1 and G2 tents using new technology that provides up to 20% more light than a square tent and standard reflector setup,” says Abhay Sinha, Lead Analyst, New Coverage, Technavio Research.
Factors like increasing population, decreasing arable land, and changing climatic conditions have forced researchers to find alternative methods to conventional farming. These alternative methods include greenhouses, where the crops are growth in an artificial environment. Recently, it has been observed that greenhouses are gaining popularity in countries like the UAE, Saudi Arabia, Israel, and Kuwait, where extreme summers and harsh weather conditions limit crop production. Since greenhouses help in the growth of crops by maintaining optimal conditions, farmers from across the globe are constructing greenhouses to meet the rising demand for food. This increase in the construction of greenhouses will, in turn, bolster the demand for grow tents during the forecast period
The key vendors in the global grow tent market are Secret Jardin, Grow Lab, Gorilla grow tent, Sunhut grow tent. The global grow tents market includes well-diversified global and regional vendors. However, as global players are increasing their footprint in the market, regional vendors are finding it increasingly difficult to compete with them in terms of quality, technology, and pricing.
A more detailed analysis is available in the Technavio report, Global Grow Tents Market 2016-2020.
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