The Global Indoor Farming Technology Market is expected to reach $12.02 Billion by 2024, Rising at a CAGR of 15.23% during the forecast period. The market determinants such as drivers and restraints have been assessed to justify the market impact over the forecast period. This market research report published by Report Ocean, include the analysis of various market opportunities over the forecast period. Along with positive impacts, the market was unbiasedly researched and analyzed by considering possible threats and key challenges in the analysis.
The growth of the market is largely attributed due to the adoption of technologies pertaining to indoor vertical farms along with software and services in the indoor farming industry. Also, the market for indoor farming technology is expected to grow in the next few years due to the growth in demand for fresh foods with high nutritive value and the adoption of protected cultivation.
The major players present in the market have increased their focus through various market strategies, such as:
- Mergers and Acquisition
- Joint Venture
- Product Launch
Also, the Global Indoor Farming Technology Market witnessed a presence of various market players, such as:
- AGCO Corporation
- Agrocenter Ltd.
- CLAAS KGaA mbH
- CNH Industrial N.V
- John Deere
- Kubota Corporation
- YANMAR CO., LTD.
- Same Deutz-Fahr Group S.p.A
- A.F.E. (Tractors & Farm Equipment Ltd).
- Mahindra & Mahindra Ltd.
To understand the market dynamics in detail, the Global Indoor Farming Technology Market is segmented into various sub-groups, that covers all the major matrix of the market. The market segmentations are:
- Land Development, Tillage and Seedbed Preparation
- Sowing and Planting:
- Weeding, Inter Cultivation and Plant Protection
- Harvesting and Threshing
- Post Harvest and Agro Processing
- Seed Extractor
Why to purchase this report
- The report would provide an in-depth analysis on the current and future market trends
- Analysis on global, regional and country level markets
- Key strategic initiatives taken by major players operating in the market along with ranking analysis for the key players
- Analysis based on historical information along with the current trends to estimate the future of the market
- Analysis of the impact of constantly changing global market scenarios
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