The global smart home gardening market size was valued at USD 2.05 Billion in 2022 and is likely to reach USD 3.41 Billion by 2031, expanding at a CAGR of 5.8 % during 2023 – 2031. The growth of the market is attributed to growing urbanization and increasing technological developments in green technologies.
Smart home gardening is the involvement of automated systems and technology that provide light, water, and fertilizer to maintain the right ambient temperature for the plants to grow. Smart gardening is a Wi-Fi-controlled technology gardening device, which comes with an app to allows users to manage the unit from an Android or iOS device. These systems are intended for use indoor or home gardening to adjust lighting and provide nutrients to plants.
Smart home gardening offers easy access and an efficient irrigation system to grow herbs, salads, fruits, vegetables, and flowers at home. Growing urbanization associated with limited housing space is estimated to create a lucrative demand for smart home gardening as it is implemented in houses on various places such as walls or floors.
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For instance, according to World Bank, 56% of the world’s population which is 4.4 billion lives in cities, and the number is expected to get double by 2050.
Impact of Artificial Intelligence (AI) on Smart Home Gardening
Artificial intelligence (AI) is expected to contribute to the expansion of the smart home gardening market as artificial intelligence has been increasingly used in home gardening owing to its potential ability to improve plant care, increase efficiency, and reduce waste. AI-powered gardening tools provide valuable insights and recommendations to home gardeners, helping them make informed decisions and achieve better results.
Artificial intelligence helps home gardeners to identify plant species and their specific care requirements by using image recognition technology and machine learning algorithms to analyze plant characteristics such as leaf shape, color, and texture. AI-powered hub collects and analyzes smart sensor data to generate insight for plant care.
It offers real-time data on environmental conditions, which helps homeowners to prevent plant stress and optimize plant growth. Smart sensors connected with artificial intelligence also help to prevent underwatering and overwatering which are common causes of plant problems.
AI is also used to optimize wall gardening by controlling and monitoring the environmental conditions in real-time, which includes, lighting, adjusting temperature, and humidity to create optimal growing conditions for each crop.
The COVID-19 pandemic hampered the global smart home gardening market. The sudden disruptions in the supply chain were due to the preventive measures and imposition of lockdowns by governments all over the world, limited consumer spending, which hindered the global market. The imposed trade barriers and international border closures drastically hampered the market as the home gardening industry is dependent on raw materials.
The construction activities showed a sharp downfall across the globe due to increasing infection and suspension of all non-emergency activities all around the globe, which significantly hindered the smart home gardening market as it is largely adopted by urban residents.
Smart Home Gardening Market Dynamics
Major drivers
Increasing concern regarding climate change is expected to drive the market. Social and environmental determinants of health such as sufficient food, secure shelter, clean air, and safe drinking water are affected by climate change. Smart home gardening provides fresh produced, clean air and creates healthy surrounding by reducing food miles and carbon emissions.
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For instance, according to data published by World Health Organization (WHO) on October 30, 2021, climate change is expected to cause approximately 250 000 additional deaths per year, from diarrhea, malnutrition, malaria, and heat stress.
Growing preference for organic food production is to propel the market. The smart garden helps in growing organic foods at home using minimal space. Smart home gardening is a fully automated gardening system that offers anybody to grow flowers, herbs, fruits, and vegetables, all around the year, with no effort or horticultural knowledge.
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For instance, as per the report published by the International Federation of Organic Agriculture Movement (IFOAM) Germany and FiBL Switzerland in 2022, the Global Organic Market has been growing at a CAGR of 8.7 % during the last 6 years.
Existing Restraints
The high cost associated with smart home gardening is expected to restrict the growth of the market. The initial setup cost of a smart home gardening system is high as it includes several complex and advanced devices such as smart sensing, and self-watering devices which are costly. Moreover, the difficulty coupled with finding the right plants to grow in the microclimate is projected to hinder the market growth.
Emerging Opportunity
Increasing investment in R&D by major market players creates a lucrative opportunity in the market. Companies are investing in research & development activities in order to develop efficient and cost-effective products for home gardening.
Moreover, the rising trend of smart homes across the globe is an immense opportunity in the market. Smart homes include smart lighting, smart speakers, smart doors, and windows, which significantly propel smart home gardening as it is associated with smart homes.
Scope of Smart Home Gardening Market Report
The report on the market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Smart Home Gardening Market- Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Type (Wall Garden, Floor Garden, and Small Garden), Technology (Smart Sensing, Smart Pest Management, and Self Watering), and End-User (Commercial and Residential)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa.
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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CLICK & GROW LLC; EDN, Inc; LG Electronics; Plantui Oy; CityCrop; Tower Garden; and AVA Technologies Inc.
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Smart Home Gardening Market Segment Insights
Type Segment Analysis
Based on type, the smart home gardening market is divided into wall garden, floor garden, and small garden. The wall gardening segment held a large market share in 2022 and is estimated to grow at a significant pace in coming years owing to providing insulation to buildings, which makes the buildings cool in summer and warm in winter.
Wall gardening allows gardeners to cultivate fresh herbs, veggies, and flowers in confined spaces such as offices, residences, restaurants, hotels, hospitals, schools, or grocery stores. It purifies the air as the wall filters particulate matter from the air, converting CO2 into oxygen. Wall gardening uses smart soil, which has no extra chemicals and consumes 95% less water.
The small garden segment is expected to witness a high CAGR during the assessment year, period due to it enhances the aesthetics of space and improves health by encouraging mindfulness and providing fresh air. The small garden offers fresh fruits, vegetables, herbs, and flowers all around the year.
Technology Segment Analysis
On the basis of technology, the global market is categorized into smart sensing, smart pest management, and self-watering. The self-watering segment dominated the market in 2022 and is projected to expand at a significant pace during the projection period owing to increased demand for automated plant watering systems, as they offer a hassle-free plant growing experience.
Self-watering plants provide water to plants from the roots up, rather than from the top as it produces healthier plants with less exposure to fungus and disease. The smart pest management segment is anticipated to grow at a considerable pace during the forecast period as it prevents infection across all weather conditions and offers gardeners structural views, information access, and pest control alerts. This system automatically releases the accurate amount of pesticide at the needed time.
End-User Segment Analysis
In terms of end-user, smart home gardening is bifurcated into commercial and residential. The commercial segment held a major market share in 2022 and is expected to hold its dominance throughout the projected period owing to wide adoption of smart home gardening in hospitality industries such as hotels, cafes, and restaurants.
Luxury hotels are shifting their focus towards home gardening such as wall gardening to provide breathe of fresh air to their guests, who made their way through crowded airports, trains and harsh city conditions. For instance, hotels market is estimated to grow at a CAGR of 8.29% by 2027.
The residential segment is expected to grow at a robust pace in the coming years due to rapid urbanization and increasing residential societies in developing regions. Residential societies are adopting smart home gardening to provide the beauty of nature into homes while contributing to improved air quality, the better physical and mental health. Moreover, it reduces fatigue, stress, and anxiety.
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For instance, plants in the home reduce tension in people by almost 40 %, as it reminds people of the outdoors, nature, and a slower pace of life.
Regional Analysis
Based on region, the smart home gardening market is segregated into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America dominated the market in 2022 and is anticipated to grow at a significant CAGR during the assessment period owing to the growing trend of gardens coupled with rising environmental awareness.
Moreover, the presence of established interior designing companies and increasing technological advancements to produce healthy vegetables and fruits at home is to propel the market growth.
Asia Pacific region is projected to witness a major market share during the projected period due to rapid urbanization in countries such as India, China, and Japan. Urbanization significantly creates a demand for smart home gardening in the region as it promotes food security, enhances the beauty of urban areas, improves mental health, and increases community engagement.
- For instance, United Nations (UN), estimated India to have added 416 million urban population, and China 255 million.
Segments
The smart home gardening market has been segmented on the basis of
Type
- Wall Garden
- Floor Garden
- Small Garden
Technology
- Smart Sensing
- Smart Pest Management
- Self-Watering
End-User
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the global market are CLICK & GROW LLC; EDN, Inc; LG Electronics; Plantui Oy; CityCrop; Tower Garden; and AVA Technologies Inc.
These companies adopted development strategies including collaboration, product launches, mergers, acquisitions, partnerships, and production expansion to expand their consumer base worldwide. For instance,
- On December 16, 2021, LG Electronics, announced to launch of its modern freestanding indoor gardening appliance, LG tiiun at Consumer Electronics Show (CES) 2022, to cultivate vegetables, herbs, and even flowers in homes, all year long.
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