Growing strong: The popularity of quality organic produce will rise, fostering industry demand

The Hydroponic Growing Equipment Stores industry has grown aggressively over the past five years. Increased consumer focus on healthy eating and the benefits of organic produce have benefited hydroponic food crop farmers that use the industry's equipment for small-scale, regional growing operations. In addition to strong demand for fresh produce, a recent boom resulting from the growing prevalence of medical marijuana and marijuana legalization has fueled rising interest in hydroponic growing methods. Industry revenue is forecast to continue rising over the five years to 2022, as a result of rising popularity of quality organic produce along with increases in the market for both medical and recreational marijuana, especially as deregulation efforts continue...purchase to read more.

Industry Statistics & Market Size
Revenue
$690m
Annual Growth 12-17
4.4%
Forecast Growth 17-22
Profit
Employment
9,533
Businesses
2,436
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The organic nature of hydroponically grown produce has spurred industry demand
  • Interest in organic foods and hydroponic growing has increased as disposable income grew
  • Consumer demand for high-quality health foods will continue to support industry demand
  • Industry Report - Industry SWOT Analysis Chapter

    The Hydroponic Growing Equipment Stores industry is in the growth stage of its life cycle, as evidenced by strong increases in the number of industry participants, high industry value added and rapid customer acceptance of hydroponic produce. Industry value added, which measures an industry's contribution to the economy, is forecast to grow at an annualized rate of 4.0% over the 10 years to 2022, which is faster than the projected GDP growth rate of 2.0% over the same time period.In addition to contributing strongly to the nation's GDP, the industry is growing its brick-and-mortar retail footprint rapidly. Over the five years to 2022, establishment numbers are expected to increase an annualized 5.1%. As ...purchase to read more.

    Additional Insights for the Hydroponic Growing Equipment Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Hydroponic Growing Equipment Stores Industry are

  • Having a clear market position
  • Proximity to key markets
  • Ability to control stock on hand
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Price of vegetables in the Hydroponic Growing Equipment Stores industry impact industry performance..

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    What's in this report

    What is the Hydroponic Growing Equipment Stores Industry?

    The Hydroponic Growing Equipment Stores industry is primarily engaged in selling hydroponic horticulture equipment. Hydroponics is a method of growing plants using mineral nutrient solutions in water without the use of soil.

    Industry Products
  • Hydroponic systems and equipment
  • Nutrients, solution, chemicals and other treatments
  • Hardware, tools, plumbing and electrical supplies
  • Other accessories, additions, supplies and merchandise
  • Industry Activities
  • Retailing hydroponic horticulture systems, pumps, filters and other components
  • Retailing grow lighting and lighting accessories
  • Retailing ventilation systems, air purifiers and other climate control equipment
  • Retailing miscellaneous hydroponic seeds, additives, garden accessories and instructional media
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Price of vegetables
  • Regulation
  • Technological change
  • Healthy eating index

  • Current Performance
  • Growing under cover
  • Green gold
  • Chart: Revenue Growth

  • Industry Outlook
  • Healthier habits
  • Cash crop goes green
  • Table: Hydroponic Growing Equipment Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Hydroponic Growing Equipment Stores Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Vegetable Farming
  • Orange & Citrus Groves
  • Fruit & Nut Farming
  • Colleges & Universities
  • Consumers

  • Key Selling Industries
  • Farm Supplies Wholesaling
  • Farm, Lawn & Garden Equipment Wholesaling
  • Fertilizer Manufacturing
  • Heating & Air Conditioning Equipment Manufacturing
  • Lighting & Bulb Manufacturing

  • Products & Services
  • Nutrients, solution, chemicals and other treatments
  • Hydroponic systems and equipment
  • Other accessories, additions, supplies and merchandise
  • Hardware, tools, plumbing and electrical supplies
  • Chart: Hydroponic Growing Equipment Stores Industry Products and Services Segmentation

  • Demand Determinants
  • Regulation

  • Major Markets
  • Household consumers
  • Farms and agriculture
  • Other
  • Chart: Major Market Segmentation for the Hydroponic Growing Equipment Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Hydroponic Growing Equipment Stores

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Hydroponic Growing Equipment Stores Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Hydroponic Growing Equipment Stores Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Hydroponic Growing Equipment Stores Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Percentage of smokers (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Aeroponics
  • A method of hydroponics that suspends the roots of the growing plant.
  • Drip Systems
  • The most common method of hydroponics. Nutrient solutions are dripped onto the base of the growing plant.
  • Medical Marijuana
  • A strain of marijuana grown and used for physician-prescribed medicinal purposes or herbal therapy.
  • What Our Customers Say

    Why buy this report?

    The Hydroponic Growing Equipment Stores Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Hydroponic Growing Equipment Stores:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Hydroponic Growing Equipment Stores market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Hydroponic Growing Equipment Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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