Vertical Farming Market Report 2023-2033

Vertical Farming Market Report 2023-2033



The Vertical Farming Market Report 2023-2033: This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.

Growing Demand for Local and Fresh Produce

The increasing consumer preference for locally grown and fresh produce has become a significant driver in the vertical farming market. With growing awareness of environmental and health concerns associated with long-distance food transportation, consumers are seeking sustainable alternatives. Vertical farming's ability to grow crops in urban areas and near consumer hubs enables the supply of fresher and more nutritious produce, reducing the reliance on imported goods and supporting the ""farm-to-table"" concept.

Rising Concerns About Food Security Is Driving the Market Growth

As the global population continues to grow, ensuring food security has become a pressing issue. Vertical farming offers a viable solution by providing a controlled environment for crop cultivation, unaffected by external factors like weather and climate change. Its ability to produce high yields in limited space makes it an attractive option to supplement traditional agriculture and enhance food production, especially in areas vulnerable to food shortages.

What Questions Should You Ask before Buying a Market Research Report?
  • How is the vertical farming market evolving?
  • What is driving and restraining the vertical farming market?
  • How will each vertical farming submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2033?
  • How will the market shares for each vertical farming submarket develop from 2023 to 2033?
  • What will be the main driver for the overall market from 2023 to 2033?
  • Will leading vertical farming markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
  • How will the market shares of the national markets change by 2033 and which geographical region will lead the market in 2033?
  • Who are the leading players and what are their prospects over the forecast period?
  • What are the vertical farming projects for these leading companies?
  • How will the industry evolve during the period between 2023 and 2033? What are the implications of vertical farming projects taking place now and over the next 10 years?
  • Is there a greater need for product commercialisation to further scale the vertical farming market?
  • Where is the vertical farming market heading and how can you ensure you are at the forefront of the market?
  • What are the best investment options for new product and service lines?
  • What are the key prospects for moving companies into a new growth path and C-suite?
You need to discover how this will impact the vertical farming market today, and over the next 10 years:
  • Our 343-page report provides 129 tables and 160 charts/graphs exclusively to you.
  • The report highlights key lucrative areas in the industry so you can target them – NOW.
  • It contains in-depth analysis of global, regional and national sales and growth.
  • It highlights for you the key successful trends, changes and revenue projections made by your competitors.
This report tells you TODAY how the vertical farming market will develop in the next 10 years, and in line with the variations in COVID-19 economic recession and bounce. This market is more critical now than at any point over the last 10 years.

Forecasts to 2033 and other analyses reveal commercial prospects
  • In addition to revenue forecasting to 2033, our new study provides you with recent results, growth rates, and market shares.
  • You will find original analyses, with business outlooks and developments.
  • Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising vertical farming prices and recent developments.
This report includes data analysis and invaluable insight into how COVID-19 will affect the industry and your company. Four COVID-19 recovery patterns and their impact, namely, “V”, “L”, “W” and “U” are discussed in this report.

Segments Covered in the Report

Market Segment by Component
  • Hardware
  • Software
  • Services
Market Segment by Type
  • Despommier Skyscrapers
  • Mixed Use Skyscrapers
  • Stackable Shipping Containers
  • Other Type
Market Segment by Services
  • System Installation & Integration
  • Consulting Services
  • Managed Services
  • Assisted Professional Services
  • Other Services
Market Segment by Hardware
  • Lighting
  • Hydroponic Components
  • Climate Control
  • Sensors
  • Irrigation Systems
  • Other Hardware
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for four regional and 20 leading national markets:

North America
  • U.S.
  • Canada
Europe
  • Germany
  • Russia
  • United Kingdom
  • France
  • Italy
  • Rest of Europe
Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa
The report also includes profiles and for some of the leading companies in the Vertical Farming Market, 2023 to 2033, with a focus on this segment of these companies’ operations.

Leading companies profiled in the report
  • AeroFarms
  • Bowery Farming
  • BrightFarms
  • Farm.One
  • Freight Farms
  • Gotham Greens
  • Infarm
  • OSRAM Licht AG
  • Plenty
  • Signify Holding B.V
  • Sky Greens
  • SPREAD Co Ltd
  • Urban Crop Solutions
  • Valoya
  • Vertical Harvest
Overall world revenue for vertical farming market, 2023 to 2033 in terms of value the market will surpass US$6.1 billion in 2023, our work calculates. We predict strong revenue growth through to 2033. Our work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.

How will the Vertical Farming Market, 2023 to 2033 report help you?

In summary, our 340+ page report provides you with the following knowledge:
  • Revenue forecasts to 2033 for Vertical Farming Market, 2023 to 2033 Market, with forecasts for component, type, services, and hardware, each forecast at a global and regional level – discover the industry’s prospects, finding the most lucrative places for investments and revenues.
  • Revenue forecasts to 2033 for four regional and 20 key national markets – See forecasts for the Vertical Farming Market, 2023 to 2033 market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Also forecasted is the market in the US, Canada, Brazil, Germany, France, UK, Italy, China, India, Japan, and Australia among other prominent economies.
  • Prospects for established firms and those seeking to enter the market – including company profiles for 15 of the major companies involved in the vertical farming market, 2023 to 2033.
Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with invaluable business intelligence.

Information found nowhere else

With our new report, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Our study is for everybody needing commercial analyses for the Vertical Farming Market, 2023 to 2033, market-leading companies. You will find data, trends and predictions.

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1 Report Overview
1.1 Objectives of the Study
1.2 Introduction to Vertical Farming Market
1.3 What This Report Delivers
1.4 Why You Should Read This Report
1.5 Key Questions Answered by This Analytical Report
1.6 Who Is This Report for?
1.7 Research Methodology
1.7.1 Market Definitions
1.7.1.1 Component
1.7.1.2 Type
1.7.1.3 Services
1.7.1.4 Hardware
1.7.2 Market Evaluation & Forecasting Methodology
1.7.3 Data Validation
1.7.3.1 Primary Research
1.7.3.2 Secondary Research
1.8 Frequently Asked Questions (FAQs)
1.9 Associated Reports
1.10 About
2 Executive Summary
2.1 Segment Analysis
2.1.1 Component Segment: Market Attractiveness Index
2.1.2 Type Segment: Market Attractiveness Index
2.1.3 Services Segment: Market Attractiveness Index
2.1.4 Hardware Segment: Market Attractiveness Index
2.2 Regional Analysis
3 Market Overview
3.1 Key Findings
3.2 Market Dynamics
3.2.1 Market Driving Factors
3.2.1.1 Increasing Population and Urbanization
3.2.1.2 Need for Sustainable and Efficient Food Production
3.2.1.3 Rising Consumer Demand for Locally Sourced Food
3.2.2 Market Restraining Factors
3.2.2.1 High Initial Investment Costs
3.2.2.2 Energy Consumption and Operational Costs
3.2.2.3 Limited Crop Variety and Scalability
3.2.3 Market Opportunities
3.2.3.1 Technological Advancements and Automation
3.2.3.2 Vertical Farming in Commercial and Residential Buildings
3.2.3.3 Collaboration with Retailers and Food Service Providers
3.3 COVID-19 Impact Analysis
3.3.1 V-Shaped Recovery
3.3.2 W-Shaped Recovery
3.3.3 U-Shaped Recovery
3.3.4 L-Shaped Recovery
3.4 Porter’s Five Forces Analysis
3.4.1 Bargaining Power of Suppliers (Low)
3.4.2 Bargaining Power of Buyers (Moderate)
3.4.3 Competitive Rivalry (High)
3.4.4 Threat from Substitutes (Low)
3.4.5 Threat of New Entrants (Moderate)
3.5 PEST Analysis
3.5.1 Political Factors:
3.5.2 Economic Factors:
3.5.3 Social Factors:
3.5.4 Technological Factors:
4 Vertical Farming Market Analysis by Component
4.1 Key Findings
4.2 Component Segment: Market Attractiveness Index
4.3 Vertical Farming Market Size Estimation and Forecast by Component
4.4 Hardware Market
4.4.1 Market Size by Region, 2023-2033 (US$ Billion)
4.4.2 Market Share by Region, 2023 & 2033 (%)
4.5 Software Market
4.5.1 Market Size by Region, 2023-2033 (US$ Billion)
4.5.2 Market Share by Region, 2023 & 2033 (%)
4.6 Services Market
4.6.1 Market Size by Region, 2023-2033 (US$ Billion)
4.6.2 Market Share by Region, 2023 & 2033 (%)
5 Vertical Farming Market Analysis by Type
5.1 Key Findings
5.2 Type Segment: Market Attractiveness Index
5.3 Vertical Farming Market Size Estimation and Forecast by Type
5.4 Despommier Skyscrapers Market
5.4.1 Market Size by Region, 2023-2033 (US$ Billion)
5.4.2 Market Share by Region, 2023 & 2033 (%)
5.5 Mixed Use Skyscrapers Market
5.5.1 Market Size by Region, 2023-2033 (US$ Billion)
5.5.2 Market Share by Region, 2023 & 2033 (%)
5.6 Stackable Shipping Containers Market
5.6.1 Market Size by Region, 2023-2033 (US$ Billion)
5.6.2 Market Share by Region, 2023 & 2033 (%)
5.7 Other Type Market
5.7.1 Market Size by Region, 2023-2033 (US$ Billion)
5.7.2 Market Share by Region, 2023 & 2033 (%)
6 Vertical Farming Market Analysis by Services
6.1 Key Findings
6.2 Services Segment: Market Attractiveness Index
6.3 Vertical Farming Market Size Estimation and Forecast by Services
6.4 System Installation & Integration Market
6.4.1 Market Size by Region, 2023-2033 (US$ Billion)
6.4.2 Market Share by Region, 2023 & 2033 (%)
6.5 Consulting Services Market
6.5.1 Market Size by Region, 2023-2033 (US$ Billion)
6.5.2 Market Share by Region, 2023 & 2033 (%)
6.6 Managed Services Market
6.6.1 Market Size by Region, 2023-2033 (US$ Billion)
6.6.2 Market Share by Region, 2023 & 2033 (%)
6.7 Assisted Professional Services Market
6.7.1 Market Size by Region, 2023-2033 (US$ Billion)
6.7.2 Market Share by Region, 2023 & 2033 (%)
6.8 Other Services Market
6.8.1 Market Size by Region, 2023-2033 (US$ Billion)
6.8.2 Market Share by Region, 2023 & 2033 (%)
7 Vertical Farming Market Analysis by Hardware
7.1 Key Findings
7.2 Hardware Segment: Market Attractiveness Index
7.3 Vertical Farming Market Size Estimation and Forecast by Hardware
7.4 Lighting Market
7.4.1 Market Size by Region, 2023-2033 (US$ Billion)
7.4.2 Market Share by Region, 2023 & 2033 (%)
7.5 Hydroponic Components Market
7.5.1 Market Size by Region, 2023-2033 (US$ Billion)
7.5.2 Market Share by Region, 2023 & 2033 (%)
7.6 Climate Control Market
7.6.1 Market Size by Region, 2023-2033 (US$ Billion)
7.6.2 Market Share by Region, 2023 & 2033 (%)
7.7 Sensors Market
7.7.1 Market Size by Region, 2023-2033 (US$ Billion)
7.7.2 Market Share by Region, 2023 & 2033 (%)
7.8 Irrigation Systems Market
7.8.1 Market Size by Region, 2023-2033 (US$ Billion)
7.8.2 Market Share by Region, 2023 & 2033 (%)
7.9 Other Hardware Market
7.9.1 Market Size by Region, 2023-2033 (US$ Billion)
7.9.2 Market Share by Region, 2023 & 2033 (%)
8 Vertical Farming Market Analysis by Region
8.1 Key Findings
8.2 Regional Market Size Estimation and Forecast
9 North America Vertical Farming Market Analysis
9.1 Key Findings
9.2 North America Vertical Farming Market Attractiveness Index
9.3 North America Vertical Farming Market by Country, 2023, 2028 & 2033 (US$ Billion)
9.4 North America Vertical Farming Market Size Estimation and Forecast by Value
9.5 North America Vertical Farming Market Size Estimation and Forecast by Country
9.6 North America Vertical Farming Market Size Estimation and Forecast by Component
9.7 North America Vertical Farming Market Size Estimation and Forecast by Type
9.8 North America Vertical Farming Market Size Estimation and Forecast by Services
9.9 North America Vertical Farming Market Size Estimation and Forecast by Hardware
9.10 US Vertical Farming Market Analysis
9.11 Canada Vertical Farming Market Analysis
10 Europe Vertical Farming Market Analysis
10.1 Key Findings
10.2 Europe Vertical Farming Market Attractiveness Index
10.3 Europe Vertical Farming Market by Country, 2023, 2028 & 2033 (US$ Billion)
10.4 Europe Vertical Farming Market Size Estimation and Forecast by Value
10.5 Europe Vertical Farming Market Size Estimation and Forecast by Country
10.6 Europe Vertical Farming Market Size Estimation and Forecast by Component
10.7 Europe Vertical Farming Market Size Estimation and Forecast by Type
10.8 Europe Vertical Farming Market Size Estimation and Forecast by Services
10.9 Europe Vertical Farming Market Size Estimation and Forecast by Hardware
10.10 Germany Vertical Farming Market Analysis
10.11 UK Vertical Farming Market Analysis
10.12 France Vertical Farming Market Analysis
10.13 Italy Vertical Farming Market Analysis
10.14 Russia Vertical Farming Market Analysis
10.15 Rest of Europe Vertical Farming Market Analysis
11 Asia-Pacific Vertical Farming Market Analysis
11.1 Key Findings
11.2 Asia-Pacific Vertical Farming Market Attractiveness Index
11.3 Asia-Pacific Vertical Farming Market by Country, 2023, 2028 & 2033 (US$ Billion)
11.4 Asia-Pacific Vertical Farming Market Size Estimation and Forecast by Value
11.5 Asia-Pacific Vertical Farming Market Size Estimation and Forecast by Country
11.6 Asia-Pacific Vertical Farming Market Size Estimation and Forecast by Component
11.7 Asia-Pacific Vertical Farming Market Size Estimation and Forecast by Type
11.8 Asia-Pacific Vertical Farming Market Size Estimation and Forecast by Services
11.9 Asia-Pacific Vertical Farming Market Size Estimation and Forecast by Hardware
11.10 China Vertical Farming Market Analysis
11.11 India Vertical Farming Market Analysis
11.12 Japan Vertical Farming Market Analysis
11.13 South Korea Vertical Farming Market Analysis
11.14 Australia Vertical Farming Market Analysis
11.15 Rest of Asia-Pacific Vertical Farming Market Analysis
12 Middle East & Africa Vertical Farming Market Analysis
12.1 Key Findings
12.2 Middle East & Africa Vertical Farming Market Attractiveness Index
12.3 Middle East & Africa Vertical Farming Market by Country, 2023, 2028 & 2033 (US$ Billion)
12.4 Middle East & Africa Vertical Farming Market Size Estimation and Forecast by Value
12.5 Middle East & Africa Vertical Farming Market Size Estimation and Forecast by Country
12.6 Middle East & Africa Vertical Farming Market Size Estimation and Forecast by Component
12.7 Middle East & Africa Vertical Farming Market Size Estimation and Forecast by Type
12.8 Middle East & Africa Vertical Farming Market Size Estimation and Forecast by Services
12.9 Middle East & Africa Vertical Farming Market Size Estimation and Forecast by Hardware
12.10 GCC Vertical Farming Market Analysis
12.11 South Africa Vertical Farming Market Analysis
12.12 Rest of Middle East & Africa Vertical Farming Market Analysis
13 Latin America Vertical Farming Market Analysis
13.1 Key Findings
13.2 Latin America Vertical Farming Market Attractiveness Index
13.3 Latin America Vertical Farming Market by Country, 2023, 2028 & 2033 (US$ Billion)
13.4 Latin America Vertical Farming Market Size Estimation and Forecast by Value
13.5 Latin America Vertical Farming Market Size Estimation and Forecast by Country
13.6 Latin America Vertical Farming Market Size Estimation and Forecast by Component
13.7 Latin America Vertical Farming Market Size Estimation and Forecast by Type
13.8 Latin America Vertical Farming Market Size Estimation and Forecast by Services
13.9 Latin America Vertical Farming Market Size Estimation and Forecast by Hardware
13.10 Brazil Vertical Farming Market Analysis
13.11 Mexico Vertical Farming Market Analysis
13.12 Rest of Latin America Vertical Farming Market Analysis
14 Company Profiles
14.1 Competitive Landscape, 2022
14.2 Strategic Outlook
14.3 Signify Holding B.V
14.3.1 Company Snapshot
14.3.2 Company Overview
14.3.3 Financial Analysis
14.3.3.1 Net Revenue, 2018-2022
14.3.3.2 R&D, 2018-2022
14.3.3.3 Regional Revenue Share, 2022 (%)
14.3.3.4 Business Segment Revenue Share, 2022 (%)
14.3.4 Product Benchmarking
14.3.5 Strategic Outlook
14.4 Freight Farms
14.4.1 Company Snapshot
14.4.2 Company Overview
14.4.3 Product Benchmarking
14.4.4 Strategic Outlook
14.5 AeroFarms
14.5.1 Company Snapshot
14.5.2 Company Overview
14.5.3 Product Benchmarking
14.6 Sky Greens
14.6.1 Company Snapshot
14.6.2 Company Overview
14.6.3 Product Benchmarking
14.7 Plenty
14.7.1 Company Snapshot
14.7.2 Company Overview
14.7.3 Product Benchmarking
14.7.4 Strategic Outlook
14.8 SPREAD Co Ltd
14.8.1 Company Snapshot
14.8.2 Company Overview
14.8.3 Product Benchmarking
14.8.4 Strategic Outlook
14.9 Valoya
14.9.1 Company Snapshot
14.9.2 Company Overview
14.9.3 Product Benchmarking
14.9.4 Strategic Outlook
14.10 OSRAM Licht AG
14.10.1 Company Snapshot
14.10.2 Company Overview
14.10.3 Product Benchmarking
14.10.4 Strategic Outlook
14.11 Bowery Farming
14.11.1 Company Snapshot
14.11.2 Company Overview
14.11.3 Product Benchmarking
14.11.4 Strategic Outlook
14.12 BrightFarms
14.12.1 Company Snapshot
14.12.2 Company Overview
14.12.3 Product Benchmarking
14.13 Infarm
14.13.1 Company Snapshot
14.13.2 Company Overview
14.13.3 Product Benchmarking
14.13.4 Strategic Outlook
14.14 Gotham Greens
14.14.1 Company Snapshot
14.14.2 Company Overview
14.14.3 Product Benchmarking
14.15 Vertical Harvest
14.15.1 Company Snapshot
14.15.2 Company Overview
14.15.3 Product Benchmarking
14.15.4 Strategic Outlook
14.16 Urban Crop Solutions
14.16.1 Company Snapshot
14.16.2 Company Overview
14.16.3 Product Benchmarking
14.16.4 Strategic Outlook
14.17 Farm.One
14.17.1 Company Snapshot
14.17.2 Company Overview
14.17.3 Product Benchmarking
14.17.4 Strategic Outlook
15 Conclusion and Recommendations
15.1 Concluding Remarks from
15.2 Recommendations for Market Players

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