North America Marijuana Grow Kits Market for Recreational, By Product (Hydroponic LED Light Growing System, Grow Tent, Cloner Kit, Marijuana Plants Pots, Spectrum Hydroponic Light Bulb, Hanging Drying Rack, Others), End-User (Residential and Commercial), Country (U.S., Canada, Mexico) Industry Trends and Forecast to 2027
Marijuana grow kits market for recreational is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 10.9% in the forecast period of 2020 to 2027 and is expected to reach USD 495,227.41 thousand by 2027. The increasing adoption of automated grow boxes to control the pH and other nutrient supply of the plants automatically without frequent monitoring is the growing factor of the market.
High adoption of marijuana in medical sector has gathered the attention of many manufacturers to invest in the marijuana growing business for indoor cultivation of marijuana in open as still it is not legal in many countries. In most of the countries, marijuana is still illegal so most of the manufacturers bought their own land for the cultivation of indoor marijuana to use them further in the medical products and for other industries also which further boosts the demand. The complex process of indoor cultivation can restrain the market growth as the marijuana plant requires wide range of safety and monitoring in each step for proper growth.
The marijuana grow kits have the widest growth opportunities and more than half of the population are adopting these products to cultivate their own crops to use them for the manufacturing of various medical and recreational products and this factor can boost the market growth. The annual wages for the average worker is quite high for skilled as well as for non-skilled labor which increases the overall expenses of the entire process and this factor can decline the market growth.
This marijuana grow kits market for recreational report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
North America marijuana grow kits market for recreational is segmented into two notable segments which are based on the basis of product and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the market is segmented into hydroponic LED light growing system, grow tent, cloner Kit, marijuana plants pots, spectrum hydroponic light bulb, hanging drying rack and others. In 2020, the hydroponic LED Light growing system segment dominates North America marijuana grow kits market for recreational as hydroponic LED light growing system consume 60% less energy to give the same level of light. They emit less heat and provide more usable light than traditional lighting systems thus, widely adopted in the region.
- On the basis of end-user, the market is segmented into residential, and commercial. In 2020, residential segment dominates in the North America marijuana grow kits market for recreational as most of the manufacturers in the region bought the land and grow their own marijuana and saves the third party interruption.
Marijuana grow kits market for recreational is analysed and market size, volume information is provided by country, product and end-user as referenced above.
The countries covered in North America marijuana grow kits market for recreational report is the U.S., Canada, and Mexico.
In North America, the U.S. dominates the North America marijuana grow kits market for recreational as the country growing marijuana is legalized in various states and in the country most of the consumer are preferred to grow their own marijuana to use them afterwards to avoid the interruption of other third party retailers. In Canada, the new innovations and practices which are adopted for the cultivation of marijuana crops is boosting the demand of marijuana products in the country. While in Mexico, the automated grow boxes are widely adopted by the consumers as these boxes provides higher yield and they took less space.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
High Adoption of Automated Grow Box in Marijuana Grow Kits Market for Recreational
Marijuana grow kits market for recreational also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development in marijuana grow kits market for recreational and changes in regulatory scenarios with their support for the marijuana grow kits market for recreational. The data is available for historic period 2010 to 2018.
Competitive Landscape and Marijuana Grow Kits Market for Recreational Share Analysis
Marijuana grow kits market for recreational competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to marijuana grow kits market for recreational.
The major companies covered in the marijuana grow kits market for recreational are VIVOSUN, Pretty Green Budz, Gorilla Grow Tent, California LightWorks, BESTVA LED, Black Dog Grow Technologies, Inc, Mars Hydro, The Bud Grower, LLC, TopoGrow, ViparSpectra, Goldleaf Hydroponics, BC Northern Lights, High Tech Garden Supply, Grobo, Kind LED Grow Lights, Dongguan HongRui photoelectric technology co. LTD, Dealzer among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product developments are also initiated by the companies worldwide which are also accelerating the growth of marijuana grow kits market for recreational.
- In April 2020, California LightWorks announces the launch of SaniPure UVC, a new sanitizing UVC Light to protect the plants from pathogens. Through this launch, the company aims to expand their product portfolio in the market.
Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for marijuana grow kits market for recreational through expanded range of size.
Customization Available: North America Marijuana Grow Kits Market
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