The Hydroponic Growing Equipment Stores industry has been rapidly expanding during the past five years. Spurring demand from hydroponic farming operations, the industry's traditional market, an increased focus on healthy eating and organic food consumption has encouraged consumers and growers to purchase hydroponic equipment to produce organic crops. In the coming years, the popularity of quality organic produce will rise, fostering demand for industry products. Furthermore, the market for medical marijuana and recreational marijuana is expected to increase, especially as deregulation efforts continue.
The Hydroponic Growing Equipment Stores industry is primarily engaged in selling hydroponic growing equipment. Hydroponics is a method of growing plants using mineral nutrient solutions in water without the use of soil.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.