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Vertical Farming Market Size- Analysis by Component (Hardware, Software, Services), Farming Type, Technology and Structure- Global and Regional Analysis, Statistics and Forecast 2024-2035

  • PUBLISHED ON
  • 2024-07-05
  • NO OF PAGES
  • 220
  • CATEGORY
  • Agriculture

Vertical Farming Market Outlook

Vertical Farming market size was valued at USD 6.7 billion in 2023 and is estimated to reach a value of USD 86.7 billion by 2035 with a CAGR of 24.1% during the forecast period 2024-2035.


Vertical farming market is witnessing significant growth driven by technological advancements in hydroponics, aeroponics, and artificial intelligence. Increasing urbanization and the demand for locally grown, pesticide-free produce are major factors. Innovations in LED lighting and climate control systems enhance crop yield and energy efficiency.

 Additionally, rising concerns about climate change and water scarcity promote the adoption of water-efficient farming methods. Investment in vertical farming startups and collaborations with retail chains are also fueling market expansion. Government initiatives supporting sustainable agriculture and the integration of IoT for real-time monitoring and automation further bolster the industry's development.

Vertical farming market forecast factors involves several key factors. Technological advancements in hydroponics, aeroponics, and AI-driven automation are crucial for improving efficiency and scalability. Urbanization trends and the growing demand for fresh, pesticide-free produce support market growth. Sustainability concerns, particularly related to climate change and water scarcity, drive the adoption of resource-efficient farming methods.

Investment influx from venture capitalists and strategic partnerships with retail and food service industries accelerate development. Government policies promoting sustainable agriculture and funding research initiatives provide additional support. Consumer awareness about health benefits and food security further propels the market. These factors collectively shape the positive outlook for the vertical farming industry.

Key Insights

Based on component, Vertical Farming market share is dominated by hardware with a stake of 76.80% in 2023. Key trends in vertical farming hardware components include advancements in LED lighting technology, which enhance energy efficiency and crop yield. Innovations in climate control systems, such as HVAC and dehumidifiers, ensure optimal growing conditions year-round. The integration of IoT and sensor technology for real-time monitoring and data analytics improves precision farming practices. Automated irrigation systems and robotic harvesters reduce labor costs and increase operational efficiency. Modular and scalable hardware solutions are gaining traction, allowing for flexible farm setups. Additionally, the development of durable and sustainable materials for building vertical farm structures supports long-term viability and environmental sustainability in the industry.

Based on regional analysis, Europe dominated the vertical farming market with a key stake of 41.21% in 2023. The European vertical farming market is experiencing significant growth driven by advancements in sustainable technologies and a strong emphasis on food security. Increasing urbanization and the demand for locally sourced, pesticide-free produce are key factors. Innovations in LED lighting and climate control systems enhance energy efficiency and crop yields. Government support and favorable policies for sustainable agriculture further propel the market. Additionally, collaborations between technology providers and agricultural businesses, along with rising consumer awareness about health and sustainability, contribute to the rapid expansion of vertical farming in Europe.

Vertical Farming Market Data and Dashboard


Our marketing platform comes with an all-inclusive dashboard, giving clients valuable insights into market trends spanning several years. You can take a look at a sample image of our dashboard below, and we'll provide specific PDF logins to give you access to this insightful tool.

Market Dynamics

The need for a reliable, year-round food supply encourages investment in controlled-environment agriculture

The need for a reliable, year-round food supply is a pivotal driver in the vertical farming market, prompting substantial investment in controlled-environment agriculture (CEA). As global populations rise and urbanization intensifies, traditional agriculture faces challenges in meeting the growing demand for fresh produce. Vertical farming, with its ability to produce crops year-round in controlled environments, offers a solution to these challenges. CEA technologies allow for precise regulation of temperature, humidity, light, and nutrient levels, ensuring consistent and optimal growing conditions regardless of external weather patterns. This reliability in production reduces the risks associated with seasonal variations and climate change, which can disrupt traditional farming practices.

Moreover, vertical farming's proximity to urban centers minimizes the need for long-distance transportation, reducing carbon footprints and ensuring fresher produce reaches consumers faster. The efficiency of resource use, particularly water and land, is significantly enhanced in vertical farms, addressing sustainability concerns. Government initiatives and policies aimed at promoting food security and sustainable agriculture further drive investments in this sector. Additionally, the increasing consumer preference for locally sourced, pesticide-free, and organic produce bolsters the market. Collaborations between technology providers, agricultural businesses, and retail chains are accelerating the development and adoption of vertical farming, making it a crucial component in the future of global food security.

Innovations in hydroponics, aeroponics, LED lighting, and climate control systems improve efficiency and crop yields.

Innovations in hydroponics, aeroponics, LED lighting, and climate control systems are key drivers in the vertical farming market, significantly enhancing efficiency and crop yields. Hydroponics and aeroponics enable soil-less farming, optimizing water and nutrient use while reducing the risk of soil-borne diseases. Advanced LED lighting technology provides precise light spectra tailored to different growth stages, improving photosynthesis and energy efficiency. Climate control systems, including HVAC and dehumidifiers, maintain optimal growing conditions by regulating temperature, humidity, and CO2 levels. These technological advancements collectively ensure year-round production, higher crop density, and faster growth cycles, making vertical farming a viable and sustainable alternative to traditional agriculture. This increased efficiency attracts investments and supports the scalability of vertical farming operations globally.

Factors

Value

Category

ICT

Pages

400

Table Count

260

Chart Count

220

Companies Count

50

Countries Count

40

Report Type

Published

Report Region

Global

Largest Market

Europe

Fastest Growing Market

APAC

Base Year

2023

Market Size in Base Year

6.7 billion

CAGR (2024-2035)

24.10%

Forecast Year

2024-2035

Historical Year

2019-2022

Market Size in 2035

86.7 Billion

Countries Covered

U.S., Canada, Mexico, Germany, UK, France, Italy,

Spain, Turkey, Israel, China, Japan, India,

South Korea, Australia, SEA, Brazil, Chile, Argentina,

Saudi Arabia, UAE, Qatar, South Africa,Rest of World

Region Covered

North America, Europe, APAC, South America,

Middle East and Africa

Key Drivers

·         The need for a reliable, year-round food supply

       encourages investment in controlled-environment

       agriculture

 

·         Innovations in hydroponics, aeroponics, LED lighting,

       and climate control systems improve efficiency and

       crop yields.

Segments Covered

component, structure, farming type and technology

 

Market Analysis by Component

Based on component, Vertical Farming industry is segmented into hardware, software and services.

Hardware segment gained a value of USD 5.3 billion in 2023 and is estimated to reach a value of USD 12.10 billion by 2035 with a CAGR of 17.4% during the forecast period.


Key trends in vertical farming hardware are shaping the future of agriculture, driven by advancements in technology and a focus on sustainability. Innovations in LED lighting are at the forefront, with energy-efficient, customizable spectrum lights enhancing photosynthesis and crop yields while reducing energy consumption. These lights can be fine-tuned to cater to specific plant needs, optimizing growth and reducing operational costs.

Climate control systems are another critical area of advancement. Modern HVAC systems, dehumidifiers, and CO2 enrichment technologies ensure optimal growing conditions, regardless of external weather. These systems maintain precise temperature, humidity, and CO2 levels, crucial for maximizing plant health and productivity.

Sensor technology and the Internet of Things (IoT) are revolutionizing vertical farming by enabling real-time monitoring and data-driven decision-making. Advanced sensors track pH, nutrient levels, moisture, and light, providing actionable insights to optimize growing conditions. IoT integration allows for automated adjustments, enhancing efficiency and reducing manual labor.

Automated irrigation systems and robotics are also gaining traction. These systems ensure precise water and nutrient delivery, reducing waste and improving consistency. Robotic harvesters and plant handlers further streamline operations, increasing scalability and reducing labor costs.

The development of modular and scalable hardware solutions supports flexible farm setups, allowing for easy expansion and adaptation to various urban environments. Sustainable and durable materials for constructing vertical farms ensure long-term viability and environmental responsibility. Together, these hardware trends are driving the vertical farming market towards greater efficiency, sustainability, and profitability.

Segments

Values

By Farming Type

·         Hydroponics

·         Aeroponics

·         Aquaponics

By Structure

·         Building-based Vertical Farms

·         Shipping Container-based Vertical Farms

By Technology

·         Lighting (LED, Fluorescent, HPS, etc.)

·         Climate Control (HVAC, Dehumidifiers, etc.)

·         Sensors (pH sensors, Nutrient sensors, etc.)

·         Irrigation Systems

·         Software (Farm Management Software, Data Analytics, etc.)

 

Market Analysis by Region

Vertical Farming Market analysis includes the statistics of major geographies such as North America, Europe, Asia Pacific, South America and MEA.

In terms of Vertical Farming market statistics, Europe acquired a market size of USD 2.76 billion in 2023 and is estimated to reach a value of USD 33.42 billion by 2035 with a CAGR of 23.4% during the forecast period.


The European vertical farming market presents numerous opportunities driven by urbanization, sustainability goals, and technological advancements. As cities expand, the demand for locally sourced, fresh produce grows, making vertical farming an attractive solution. Europe's focus on reducing carbon footprints and promoting sustainable practices aligns well with the resource-efficient nature of vertical farming, which uses less water and land compared to traditional agriculture.

Technological advancements in hydroponics, aeroponics, and LED lighting systems are pivotal in enhancing crop yields and energy efficiency. These innovations enable year-round production, independent of seasonal variations, ensuring a consistent supply of fresh produce. Additionally, Europe's strong research and development infrastructure supports continuous improvement and innovation in vertical farming technologies.

Government policies and funding aimed at promoting food security and sustainable agriculture further bolster the market. Grants, subsidies, and favorable regulations encourage investments in vertical farming projects, facilitating market growth.


The APAC vertical farming market is witnessing several key trends shaping its growth. One significant trend is the increasing adoption of controlled environment agriculture (CEA) techniques to optimize crop production in urban areas with limited arable land. This approach not only enhances crop yield but also reduces water usage and minimizes environmental impact.

Another notable trend is the integration of advanced technologies such as AI, IoT, and data analytics to automate and monitor farming processes, ensuring optimal conditions for plant growth. Moreover, there's a growing emphasis on sustainable practices, driven by consumer demand for locally grown, pesticide-free produce. Governments and private investors are also supporting the expansion of vertical farming through subsidies and funding initiatives, further boosting market development. These trends indicate a shift towards more efficient, sustainable, and technology-driven agricultural practices in the APAC region, promising significant opportunities for innovation and investment in the coming years. 

Competitive Landscape

Key companies operating within the Vertical Farming market are: AeroFarms (U.S.), Illumitex, Inc. (U.S.), American Hydroponics (U.S.), Agrilution GmbH, Brightfarms Inc., Everlight Electronics Co., Ltd., Freight Farms, GrowUp Urban Farms Ltd., Green Sense Farms, LLC, Vertical Farm Systems.

Recent Development

In March 2023, BrightFarms, a trailblazer in the indoor farming sector, is expanding by establishing four additional regional greenhouse facilities to bring sustainably grown leafy greens to a wider audience across the Eastern and Central United States. These new greenhouse centers aim to meet the increasing demand for organic food and commence distribution to retailers by 2024. Through this expansion initiative, the company anticipates achieving a tenfold increase in revenue by 2024.

In February 2023, AeroFarms partnered with the Public Investment Fund (PIF) of Saudi Arabia to launch a joint venture focused on establishing indoor vertical farms in the Middle East, particularly in Saudi Arabia.

1.      Global Vertical Farming Market Introduction and Market Overview

1.1.    Objectives of the Study

1.2.    Global Vertical Farming Market Scope and Market Estimation

1.2.1. Global Vertical Farming Overall Market Size, Revenue (US$ Mn) & Sales (Units), Market CAGR (%), Market forecast (2024 - 2035)

1.2.2. Global Vertical Farming Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2035

1.3.    Market Segmentation

1.3.1. Farming Type of Global Vertical Farming Market

1.3.2. Structure of Global Vertical Farming Market

1.3.3. Technology of Global Vertical Farming Market

1.3.4. Component of Global Vertical Farming Market

1.3.5. Region of Global Vertical Farming Market

2.      Executive Summary

2.1.    Market Dynamics

2.1.1. Drivers

2.1.2. Limitations

2.1.3. Opportunities

2.1.4. Impact Analysis of Drivers and Restraints

2.2.    Pricing Trends Analysis & Average Selling Prices (ASPs)

2.3.    Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.

2.4.    Porter’s Five Forces Analysis

2.4.1. Bargaining Power of Suppliers

2.4.2. Bargaining Power of Buyers

2.4.3. Threat of Substitutes

2.4.4. Threat of New Entrants

2.4.5. Competitive Rivalry

2.5.    Value Chain / Ecosystem Analysis

2.6.    Patent Analysis

2.7.    Case Study Analysis

2.8.    Economic Downturn Analysis

2.9.    Production Analysis and Capacity

2.10.  Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Region

3.      Global Vertical Farming Market Estimates & Historical Trend Analysis (2019 - 2022)

4.      Global Vertical Farming Market Estimates & Forecast Trend Analysis, by Farming Type

4.1.    Global Vertical Farming Market Revenue (US$ Mn) & Sales (Units) Estimates and Forecasts, by Farming Type, 2019 to 2035

4.1.1. Hydroponics

4.1.2. Aeroponics

4.1.3. Aquaponics

5.      Global Vertical Farming Market Estimates & Forecast Trend Analysis, by Structure

5.1.    Global Vertical Farming Market Revenue (US$ Mn) & Sales (Units) Estimates and Forecasts, by Structure, 2019 to 2035

5.1.1. Building-based Vertical Farms

5.1.2. Shipping Container-based Vertical Farms

6.      Global Vertical Farming Market Estimates & Forecast Trend Analysis, by Technology

6.1.    Global Vertical Farming Market Revenue (US$ Mn) & Sales (Units) Estimates and Forecasts, by Technology, 2019 to 2035

6.1.1. Lighting (LED, Fluorescent, HPS, etc.)

6.1.2. Climate Control (HVAC, Dehumidifiers, etc.)

6.1.3. Sensors (pH sensors, Nutrient sensors, etc.)

6.1.4. Irrigation Systems

6.1.5. Software (Farm Management Software, Data Analytics, etc.)

7.      Global Vertical Farming Market Estimates & Forecast Trend Analysis, by Component

7.1.    Global Vertical Farming Market Revenue (US$ Mn) & Sales (Units) Estimates and Forecasts, by Component, 2019 to 2035

7.1.1. Hardware

7.1.2. Software

7.1.3. Services (Installation, Maintenance, Consulting, etc.)

8.      Global Vertical Farming Market Estimates & Forecast Trend Analysis, by Region

8.1.    Global Vertical Farming Market Revenue (US$ Mn) & Sales (Units) Estimates and Forecasts, by Region, 2019 to 2035

8.1.1. North America

8.1.2. Europe

8.1.3. Asia Pacific

8.1.4. Middle East & Africa

8.1.5. South America

9.      North America Vertical Farming Market: Estimates & Forecast Trend Analysis

9.1.    North America Vertical Farming Market Assessments & Key Findings

9.1.1. North America Vertical Farming Market Introduction

9.1.2. North America Vertical Farming Market Size Estimates and Forecast (US$ Million) (2019 - 2035)

9.1.2.1.   By Farming Type

9.1.2.2.   By Structure

9.1.2.3.   By Technology

9.1.2.4.   By Component

9.1.2.5.   By Country

9.1.2.5.1.     The U.S.

9.1.2.5.1.1.    By Farming Type

9.1.2.5.1.2.    By Structure

9.1.2.5.1.3.    By Technology

9.1.2.5.1.4.    By Component

9.1.2.5.2.     Canada

9.1.2.5.2.1.       By Farming Type

9.1.2.5.2.2.       By Structure

9.1.2.5.2.3.       By Technology

9.1.2.5.2.4.       By Component

9.1.2.5.3.     Mexico

9.1.2.5.3.1.       By Farming Type

9.1.2.5.3.2.       By Structure

9.1.2.5.3.3.       By Technology

9.1.2.5.3.4.       By Component

10.  Europe Vertical Farming Market: Estimates & Forecast Trend Analysis

10.1.  Europe Vertical Farming Market Assessments & Key Findings

10.1.1.   Europe Vertical Farming Market Introduction

10.1.2.   Europe Vertical Farming Market Size Estimates and Forecast (US$ Million) (2019 - 2035)

10.1.2.1.    By Farming Type

10.1.2.2.    By Structure

10.1.2.3.    By Technology

10.1.2.4.    By Component

10.1.2.5.    By Country

10.1.2.5.1. Germany

10.1.2.5.1.1.By Farming Type

10.1.2.5.1.2.By Structure

10.1.2.5.1.3.By Technology

10.1.2.5.1.4.By Component

10.1.2.5.2. U.K.

10.1.2.5.2.1.By Farming Type

10.1.2.5.2.2.By Structure

10.1.2.5.2.3.By Technology

10.1.2.5.2.4.By Component

10.1.2.5.3. France

10.1.2.5.3.1.   By Farming Type

10.1.2.5.3.2.   By Structure

10.1.2.5.3.3.   By Technology

10.1.2.5.3.4.   By Component

10.1.2.5.4. Italy

10.1.2.5.4.1.   By Farming Type

10.1.2.5.4.2.   By Structure

10.1.2.5.4.3.   By Technology

10.1.2.5.4.4.   By Component

10.1.2.5.5. Spain

10.1.2.5.5.1.   By Farming Type

10.1.2.5.5.2.   By Structure

10.1.2.5.5.3.   By Technology

10.1.2.5.5.4.   By Component

10.1.2.5.6. Russia

10.1.2.5.6.1.   By Farming Type

10.1.2.5.6.2.   By Structure

10.1.2.5.6.3.   By Technology

10.1.2.5.6.4.   By Component

10.1.2.5.7. Rest of Europe

10.1.2.5.7.1.   By Farming Type

10.1.2.5.7.2.   By Structure

10.1.2.5.7.3.   By Technology

10.1.2.5.7.4.   By Component

11.  Asia Pacific Vertical Farming Market: Estimates & Forecast Trend Analysis

11.1.  Asia Pacific Market Assessments & Key Findings

11.1.1.   Asia Pacific Vertical Farming Market Introduction

11.1.2.   Asia Pacific Vertical Farming Market Size Estimates and Forecast (US$ Million) (2019 - 2035)

11.1.2.1.    By Farming Type

11.1.2.2.    By Structure

11.1.2.3.    By Technology

11.1.2.4.    By Component

11.1.2.5.    By Country

11.1.2.5.1. China

11.1.2.5.1.1.   By Farming Type

11.1.2.5.1.2.   By Structure

11.1.2.5.1.3.   By Technology

11.1.2.5.1.4.   By Component

11.1.2.5.2. Japan

11.1.2.5.2.1.   By Farming Type

11.1.2.5.2.2.   By Structure

11.1.2.5.2.3.   By Technology

11.1.2.5.2.4.   By Component

11.1.2.5.3. India

11.1.2.5.3.1.   By Farming Type

11.1.2.5.3.2.   By Structure

11.1.2.5.3.3.   By Technology

11.1.2.5.3.4.   By Component

11.1.2.5.4. Australia

11.1.2.5.4.1.   By Farming Type

11.1.2.5.4.2.   By Structure

11.1.2.5.4.3.   By Technology

11.1.2.5.4.4.   By Component

11.1.2.5.5. South Korea

11.1.2.5.5.1.   By Farming Type

11.1.2.5.5.2.   By Structure

11.1.2.5.5.3.   By Technology

11.1.2.5.5.4.   By Component

11.1.2.5.5.5.    

11.1.2.5.6. ASEAN

11.1.2.5.6.1.   By Farming Type

11.1.2.5.6.2.   By Structure

11.1.2.5.6.3.   By Technology

11.1.2.5.6.4.   By Component

11.1.2.5.7. Rest of Asia Pacific

11.1.2.5.7.1.   By Farming Type

11.1.2.5.7.2.   By Structure

11.1.2.5.7.3.   By Technology

11.1.2.5.7.4.   By Component

12.  Middle East & Africa Vertical Farming Market: Estimates & Forecast Trend Analysis

12.1.  Middle East & Africa Market Assessments & Key Findings

12.1.1.   Middle East & Africa Vertical Farming Market Introduction

12.1.2.   Middle East & Africa Vertical Farming Market Size Estimates and Forecast (US$ Million) (2019 - 2035)

12.1.2.1.    By Farming Type

12.1.2.2.    By Structure

12.1.2.3.    By Technology

12.1.2.4.    By Component

12.1.2.5.    By Country

12.1.2.5.1. U.A.E.

12.1.2.5.1.1.   By Farming Type

12.1.2.5.1.2.   By Structure

12.1.2.5.1.3.   By Technology

12.1.2.5.1.4.   By Component

12.1.2.5.2. Saudi Arabia

12.1.2.5.2.1.   By Farming Type

12.1.2.5.2.2.   By Structure

12.1.2.5.2.3.   By Technology

12.1.2.5.2.4.   By Component

12.1.2.5.3. Egypt

12.1.2.5.3.1.   By Farming Type

12.1.2.5.3.2.   By Structure

12.1.2.5.3.3.   By Technology

12.1.2.5.3.4.   By Component

12.1.2.5.4. South Africa

12.1.2.5.4.1.   By Farming Type

12.1.2.5.4.2.   By Structure

12.1.2.5.4.3.   By Technology

12.1.2.5.4.4.   By Component

12.1.2.5.5. Rest of Middle East & Africa

12.1.2.5.5.1.   By Farming Type

12.1.2.5.5.2.   By Structure

12.1.2.5.5.3.   By Technology

12.1.2.5.5.4.   By Component

13.  South America Vertical Farming Market: Estimates & Forecast Trend Analysis

13.1.  South America Market Assessments & Key Findings

13.1.1.   South America Vertical Farming Market Introduction

13.1.2.   South America Vertical Farming Market Size Estimates and Forecast (US$ Million) (2019 - 2035)

13.1.2.1.    By Farming Type

13.1.2.2.    By Structure

13.1.2.3.    By Technology

13.1.2.4.    By Component

13.1.2.5.    By Country

13.1.2.5.1. Brazil

13.1.2.5.1.1.   By Farming Type

13.1.2.5.1.2.   By Structure

13.1.2.5.1.3.   By Technology

13.1.2.5.1.4.   By Component

13.1.2.5.2. Argentina

13.1.2.5.2.1.   By Farming Type

13.1.2.5.2.2.   By Structure

13.1.2.5.2.3.   By Technology

13.1.2.5.2.4.   By Component

13.1.2.5.3. Colombia

13.1.2.5.3.1.   By Farming Type

13.1.2.5.3.2.   By Structure

13.1.2.5.3.3.   By Technology

13.1.2.5.3.4.   By Component

13.1.2.5.4. Rest of South America

13.1.2.5.4.1.   By Farming Type

13.1.2.5.4.2.   By Structure

13.1.2.5.4.3.   By Technology

13.1.2.5.4.4.   By Component

14.  Competition Landscape

14.1.  Global Vertical Farming Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

14.2.  Global Vertical Farming Market Competition White Space Analysis, By Technology

14.3.  Global Vertical Farming Market Competition Heat Map Analysis, By End Use

14.4.  Global Vertical Farming Market Concentration & Company Market Shares (%) Analysis, 2023

15.  Company Profiles

15.1.   AeroFarms (U.S.)

15.1.1.   Company Overview & Key Stats

15.1.2.   Financial Performance & KPIs

15.1.3.   End User Portfolio

15.1.4.   Business Strategy & Recent Developments

15.1.5.   Technology and Pricing

15.1.6.   Key Suppliers

* Similar details would be provided for all the players mentioned below 

15.2.      Illumitex, Inc. (U.S.)

15.3.      American Hydroponics (U.S.)

15.4.      Agrilution GmbH

15.5.      Brightfarms Inc.

15.6.      Everlight Electronics Co., Ltd.

15.7.      Freight Farms

15.8.      GrowUp Urban Farms Ltd.

15.9.      Green Sense Farms, LLC

15.10.  Vertical Farm Systems.

15.11.  Others

16.  Research Methodology

16.1.  External Transportations / Databases

16.2.  Internal Proprietary Database

16.3.  Primary Research

16.4.  Secondary Research

16.5.  Assumptions

16.6.  Limitations

16.7.  Report FAQs

17.  Research Findings & Conclusion

 

List of Tables

Table 1 Vertical Farming market, 2025 - 2035 (USD Million & Units)

Table 2 Vertical Farming market by region, 2025 - 2035 (USD Million & Units)

Table 3 Global Vertical Farming market by Type, 2025 - 2035 (USD Million & Units)

Table 4 Global Vertical Farming market by Technology, 2025 - 2035 (USD Million & Units)

Table 5 Global Vertical Farming market by End User, 2025 - 2035 (USD Million & Units)

Table 6 Multi-specialty Systems market revenue, by region, 2025 - 2035 (USD Million & Units)

Table 7 Single-specialty Systems market by region, 2025 - 2035 (USD Million & Units)

Table 8 Electromechanical Vertical Farmings market by region, 2025 - 2035 (USD Million & Units)

Table 9 Magnetic-Guided Vertical Farmings market by region, 2025 - 2035 (USD Million & Units)

Table 10              Hospitals  by region, 2025 - 2035 (USD Million & Units)

Table 11              Ambulatory Surgical Centers by region, 2025 - 2035 (USD Million & Units)

Table 12              Catheterization Laboratories by region, 2025 - 2035 (USD Million & Units)

Table 13              North America Vertical Farming market by Type, 2025 - 2035 (USD Million & Units)

Table 14              North America Vertical Farming market by End User, 2025 - 2035 (USD Million & Units)

Table 15              U.S. Vertical Farming market by Type, 2025 - 2035 (USD Million & Units)

Table 16              U.S. Vertical Farming market by End User, 2025 - 2035 (USD Million & Units)

Table 17              Canada Vertical Farming market by Type, 2025 - 2035 (USD Million & Units)

Table 18              Canada Vertical Farming market by End User, 2025 - 2035 (USD Million & Units)

Table 19              Mexico Vertical Farming market by Type, 2025 - 2035 (USD Million & Units)

Table 20              Mexico Vertical Farming market by End User, 2025 - 2035 (USD Million & Units)

Table 21              Europe Vertical Farming market by Type, 2025 - 2035 (USD Million & Units)

Table 22              Europe Vertical Farming market by End User, 2025 - 2035 (USD Million & Units)

Table 23              U.K. Vertical Farming market by Type, 2025 - 2035 (USD Million & Units)

Table 24              U.K. Vertical Farming market by End User, 2025 - 2035 (USD Million & Units)

Table 25              Germany Vertical Farming market by Type, 2025 - 2035 (USD Million & Units)

Table 26              Germany Vertical Farming market by End User, 2025 - 2035 (USD Million & Units)

Table 27              France Vertical Farming market by Type, 2025 - 2035 (USD Million & Units)

Table 28              Table66 France Vertical Farming market by End User, 2025 - 2035 (USD Million & Units)

Table 29              Asia-Pacific Vertical Farming market by Type, 2025 - 2035 (USD Million & Units)

Table 30              Asia-Pacific Vertical Farming market by End User, 2025 - 2035 (USD Million & Units)

Table 31              China Vertical Farming market by Type, 2025 - 2035 (USD Million & Units)

Table 32              China Vertical Farming market by End User, 2025 - 2035 (USD Million & Units)

Table 33              Japan Vertical Farming market by Type, 2025 - 2035 (USD Million & Units)

Table 34              Japan Vertical Farming market by End User, 2025 - 2035 (USD Million & Units)

Table 35              India Vertical Farming market by Type, 2025 - 2035 (USD Million & Units)

Table 36              India Vertical Farming market by End User, 2025 - 2035 (USD Million & Units)

Table 37              South America Vertical Farming market by Type, 2025 - 2035 (USD Million & Units)

Table 38              South America Vertical Farming market by End User, 2025 - 2035 (USD Million & Units)

Table 39              Brazil Vertical Farming market by Type, 2025 - 2035 (USD Million & Units)

Table 40              Brazil Vertical Farming market by End User, 2025 - 2035 (USD Million & Units)

Table 41              MEA Vertical Farming market by Type, 2025 - 2035 (USD Million & Units)

Table 42              MEA Vertical Farming market by End User, 2025 - 2035 (USD Million & Units)

Table 43              Company categorization            

 

List of Figures

Fig 1      Vertical Farming Market Segmentation

Fig 2      Vertical Farming Market Report Scope

Fig 3      Vertical Farming Market Size (Revenue in USD Million & Units) 2025-2035

Fig 4      Vertical Farming Market Analysis - Market Dynamics

Fig 5      Vertical Farming Market Size and Growth Prospects (Revenue in USD Million & Units) 2025-2035

Fig 6      Vertical Farming Market - Value Chain Analysis

Fig 7      Vertical Farming Market Analysis - Porter’s

Fig 8      Vertical Farming Market Analysis - PEST

Fig 9      Vertical Farming Market – Type Analysis

Fig 10   Vertical Farming Market - End User Analysis

Fig 11   Vertical Farming Market – End Use Analysis

Fig 12   Regional Marketplace: Key Takeaways

Fig 13   Vertical Farming Market - Regional Analysis

Fig 14   North America - Key Takeaways

Fig 15   Europe - Key Takeaways

Fig 16   Asia Pacific - Key Takeaways

Fig 17   South America - Key Takeaways

Fig 18   South America - Key Takeaways

Fig 19   Vertical Farming Market - Key Company Market Share Analysis, 2025

Fig 20   Vertical Farming Market - Market Position Analysis

Fig 21   Vertical Farming Market - Competitive Dashboard Analysis

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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  • Form project steering committee
  • Assign a senior SR executive as QA Executive
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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

Frequently Asked Questions

What is the estimated cost of a vertical farming setup?

The estimated cost of setting up a vertical farming facility can vary widely depending on scale, location, and technology used. A small-scale vertical farm with basic infrastructure and lighting systems can range from $50,000 to $100,000. Medium-scale operations, incorporating advanced climate control, automated systems, and LED lighting, typically cost between $100,000 to $500,000.

What is the size of vertical farming market?

Vertical Farming market size was valued at USD 6.7 billion in 2023 and is estimated to reach a value of USD 86.7 billion by 2035 with a CAGR of 24.1% during the forecast period 2024-2035.

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