Vertical Garden Construction Market Size, Growth, Merger, Share, Key Players, Trends, Revenue, And Regional Forecast To 2023

15/apr/2020 10:19:43 Automotive Market Research Reports Contatta l'autore

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A vertical garden requires a support system for its basic designing. This technique has the potential of creating living screens of flowers and even vegetables. Market Research Future (MRFR) has published a research report about the global vertical garden construction industry that appraises gains for this market at 7% CAGR during the forecast period that would end in 2023.

The largest market driver for global vertical garden construction market is environment safety initiatives that have been taken up by various government institutions and non-government institutions around the world. Other factors contributing to the market growth include growth in construction in developing economies, changing aesthetic values among the end-users, increase in the number of high-rise buildings, the popularity of vertical gardens due to limited space, and lastly, the increase in the number of high-rise buildings.

Market Segmentation

The global vertical garden construction market segmentation covers application and type. This segmentation allows a closer inspection of the market.

According to the application-based segmentation, this market covers commercial construction and residential construction. Rising residential constructions, across the globe, is giving strong push to the vertical garden market.

By type, the market has been segmented into an indoor vertical garden and outdoor vertical garden. The indoor vertical garden is inside the house where plants and greenery are placed and set up in a room inside the house to make it look like a garden. Usually, people living in flats are designing such gardens in their balconies. Outdoor vertical gardens are in the residential premises or office premises but outside the building interiors.

Regional Segmentation

The regional segmentation of the global vertical garden construction market covers Asia Pacific, Europe, North America, and Rest of the World (RoW).

Asia Pacific region is the leading regional market in the global market. It is also the fastest growing regional market due to huge growth in the building as well as construction activities along with the emphasis on green (eco-friendly) construction practices. The high density of population in China and India creates the demand for more houses. Growing economies and employment opportunities create a requirement for commercial buildings. Rapid urbanization and increasing disposable income in the Asia Pacific region are also helping the market growth. Japan is the third most important country-specific market in this region. Other countries of the Asia Pacific region also contribute revenue to the market.

North America is another critical regional market due to government restriction demanding eco-friendly construction activities. Presence of major market players, technological advancement, and stable construction sector create a market in this region, especially in the USA and Canada.

The European market is expanding due to technological advancement and the presence of many important market players. The country-specific markets in this region that stand out are France, Germany, Spain, and the UK. Other important country-specific markets in this region are also aiding market growth.

Key Players

Major players in the global vertical garden construction market include American Hydrotech Inc. (USA), ANS Group Global Ltd. (UK), Biotecture Ltd. (UK), Elmich Australia (Australia), Fytogreen Australia (Australia), The Greenwall Company (Australia), LiveWall LLC (USA), Rentokil Initial PLC (UK), Sempergreen BV (Netherlands), and ZTC International Landscape Solutions (P) Ltd. (India).

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