$2.0bn
$XX.Xm
5,493
1,060
$XXX.Xm
Hydroponic growing equipment stores have experienced robust expansion, growing at a CAGR of 3.0% to $2.0 billion over the past five years, including an increase of 0.6% in 2024 alone. This growth has been driven by increased consumer interest in healthful eating and organic produce, resulting in a surge in demand from hydroponic food crop farmers. These farmers, operating small-scale regional growing operations, have turned to hydroponic methods to produce organic-standard crops. The industry has also experienced a rise in demand from individuals and small farms looking to set up their own hydroponic greenhouses for organic food production. Furthermore, the industry has benefited from growing demand from recreational and medical marijuana growers, which has significantly boosted sales of hydroponic growing equipment.
Industry revenue has grown at a CAGR of 3.0 % over the past five years, to reach an estimated $2.0bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Growgeneration Corp. | 292.0 | -18.8 | -6.4 |
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Industry revenue is measured across several distinct product and services lines, including Hydroponic systems and equipment, Nutrients, solutions, chemicals and other treatments and Other accessories, additions, supplies and merchandise. Hydroponic systems and equipment is the largest segment of the Hydroponic Growing Equipment Stores in the US.
Riding the wave of growth in demand for hydroponic systems and equipment
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.
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NAICS 44422 - Hydroponic Growing Equipment Stores in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The hydroponic growing equipment industry has grown significantly due to the rising popularity of healthful eating and organic produce. This trend has encouraged small-scale ...
Learn about an industry's products and services, markets and trends in international trade.
Two main types of hydroponic equipment are drip systems and aeroponics. Drip systems, like the name implies, drip-feed nutrient solutions to plants while aeroponics spray nut...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The Southeast region's optimal climate for hydroponic farming has catalyzed the proliferation of hydroponic growing equipment stores. Warm temperatures and high humidity crea...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Legal requirements and permits for hydroponic equipment sales create significant barriers for new entrants. This complexity discourages newcomers who may lack the resources o...
Learn about the performance of the top companies in the industry.
The hydroponic growing equipment store industry is highly fragmented. No single company has a market share greater than 5.0%.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The Small Business Administration (SBA) and the United States Department of Agriculture (USDA) offer financial support tailored to small businesses. These loans and grants ca...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Global supply chain dynamics significantly affect the cost of purchasing hydroponic equipment. Fluctuations in the cost of raw materials or changes in manufacturing processes...
Including values and annual change:
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The market size of the Hydroponic Growing Equipment Stores in the US industry in United States is $2.0bn in 2024.
There are 1,060 businesses in the Hydroponic Growing Equipment Stores in the US industry in United States, which has declined at a CAGR of 0.1 % between 2019 and 2024.
The market size of the Hydroponic Growing Equipment Stores in the US industry in United States has been growing at a CAGR of 3.0 % between 2019 and 2024.
Over the next five years, the Hydroponic Growing Equipment Stores in the US industry in United States is expected to grow.
The biggest company operating in the Hydroponic Growing Equipment Stores market in United States is Growgeneration Corp.
Retailing hydroponic horticulture systems, pumps, filters and other components and Retailing grow lighting and lighting accessories are part of the Hydroponic Growing Equipment Stores in the US industry.
The company holding the most market share in United States is Growgeneration Corp..
The level of competition is high and increasing in the Hydroponic Growing Equipment Stores in the US industry in United States.