Overview

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

IBISWorld’s Hydroponic Growing Equipment Stores market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$654m
Annual Growth
11-16
8.2%
Annual Growth
16-21
Profit
Employment
11,721
Business
2,813

Industry Threats & Opportunities

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

  • shopping_cartBUY NOW TO READ MORE

    Industry Analysis & Industry Trends

    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 2021, 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...

    shopping_cartBUY NOW TO READ MORE

    Industry Report - Starting a New Business Chapter

    Given the swift growth of the industry and the very low level of market share concentration, the potential for new hydroponic growing equipment store operators is high. Recent surges in the number of establishments in this industry suggest that the barriers to entry within the industry are low. The low level of market dominance held by key players in the industry and the geographically widespread nature of the industry makes it easier for new entrants to develop and attract consumers in various regions. This should act as an incentive to new players planning to enter this industry.

    Nonetheless, there are still some barriers that may discourage entry for a potential new player. For..

    shopping_cartBUY NOW 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..

    shopping_cartBUY NOW TO READ MORE

    Look under the hood?

    Download a FREE sample report

    Industry Products

    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

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

  • Current Performance
  • Organic food demand
  • Changing drug laws
  • Chart: Revenue Growth

  • Industry Outlook
  • Healthier habits
  • More green from 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

  • Products & Markets
    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
    Competitive Landscape
    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
    Major Companies
    There are no major players in this industry
    Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Hydroponic Growing Equipment Stores Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Per Capita Disposable Income (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    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.
  • Why buy this report?

    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.

    Join IBISWorld today

    Contact Us

    Want to speak to a representative? Call us.

    clear