The demand for the smart vase is more because nowadays houses are becoming smart with many smart products and advanced automation systems. With this trend, players can be enhancing their product portfolio to providing an automated solution to make flower pot smart.
According to the latest research by Future Market Insights, the smart flowerpot market is set to witness steady growth during the forecast period. Demand for smart flower vases will witness a steady recovery in the short term, with an optimistic growth outlook in the long run.
The market is increased by customer’s choice for the fancy and attractive vase to decorate in house, particularly furniture and wooden flooring.
Also, the inclination of millennials towards the home plant driven the market of smart flower vases during the forecast period. This interest of people encourages the players to add Wi-Fi, Bluetooth connections in their product offering.
For instance, MXYZJCD Garden Store launched Bluetooth audio smart flowerpot colourful night light plastic vase touch plant music potted home decoration accessories.
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This flower pot is connected with the Bluetooth device having a 1200mAh power backup. This vase looks beautiful, fun and novel, and can plant vegetables and other real plants. Touching the leaves gives the effect of playing the piano. This feature attracts the millennials to purchase such smart flower pots.
Furthermore, Smart flower pots provide a wide range of connectivity features like when plant required water or sunlight or minerals this smart pot quickly response alerts the customer and also this vase is connected with the mobile application, which helps the consumer to adjust the requirements with their mobile phones and tablets. And this has a tactical change in the market for the adoption of smart flowering pots and related accessories.
Every people of the nations like India, Bangladesh, Georgia, Luxembourg etc. cannot afford these smart flowerpots because these are comparatively costlier than the conventional vase. So it is a good opportunity for the players to invest in the research and development sector and introduce a smart flower pot in a market at a reasonable price and gain a competitive advantage in the market.
Factors that Likely to Augment Smart Vase Sales
The smart flower vase can ping the user to control heat loss and solar gain experienced feel by the plant in houses by just adjusting its position at fixed hours during the day. Many players launched a smart flowerpot that can effectively sense the emotion of the plant, depending on the efficiency of sunlight and temperature, and expand the heating, ventilation, and air conditioning system efficiency.
For instance, Mu Design introduced Lüa smart planter which shows 15 animated emotions based on the plant feel. Also, let to know what plants need to thrive. Sensor present in the vase shows accurate emotion based on temperature, soil’s moisture and light exposure.
This vase is connected with the mobile application where users can select the type of plants and also customized settings according to their local weather conditions. The vase displays different emotions like if light exposer is not enough than vampire emotion will appear on the vase if the user forgets to water the plant than thirsty animation takes over and so many other emotion appears.
Such advance features present in the smart flowerpot gives the idea to other players to launch such smart pot and also encourage users to purchase such smart products.
Impact of Covid- 19 on Smart Vase Market
The COVID-19 pandemic had three effects on the global economy: direct effects on production and demand, supply chain and market disruption, and financial losses to enterprises. Prior to the COVID-19 pandemic, global demand for smart devices was growing at a gradual pace. Major worldwide markets have encountered major impacts as a result of the pandemic.
Major economies supply chains, such as China’s and the United States, have suffered large decreases. There has been a drop in home building projects as well as the temporary closure of many manufacturing facilities as a result of Covid 19.
Furthermore, the smart flowerpot business has been hampered by a lack of personnel in the field, lower consumption, high production costs, and a scarcity of raw materials, among other factors. Also, the changing consumer buying habit impacts the market growth.
The US and Canada Smart Vase Market Outlook
The most technologically advanced generations are thought to be the youngest ones. Because these generations have witnessed several technological advancements, millennials expect firms to supply a greater choice of items. The younger generation is captivated by smart products. Millennials are the generation most interested in having smart technology in their homes.
They are also environmentally conscious and advocate for the usage of sustainable products. Teenagers are enthusiastic about lowering their carbon impact and promoting long-term sustainability. They are more likely to alter their behavior in order to lessen their carbon footprint or to support eco-friendly businesses. Many players provide smart vase made with sustainable raw materials and are chemical and toxic-free. And also have a good battery backup which does not require a regular power connection. Such benefits attract the consumers to adapt to the advanced smart pots in the United States & Canada.
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Furthermore, people of the US and Canada having high aspirational values towards the latest new up-to-date advanced technology. And all aged group people adopt facilities which have led to the acceptance of the smart flowerpot in the regions.
Europe Demand Outlook for Smart Vase
Demand for home automation systems is growing significantly in European countries and the reason behind this growth is urbanization. The growing trend of the urbanization improved living standard of people, which led European to spend more on smart technologies for their houses and living spaces. Also, the rising per capita income of European people has raised spending on their houses as well as smart products including smart vase.
People also use this smart flower pot for the gift for, family, beloved, colleague, kids, parents etc. Moreover, in the smart flowerpot Bluetooth speaker is present. That is why people prefer this smart pot in place of the speaker which has dual work. In this way, the sales of the smart flowerpot are increases in Europe.
Who are the Key Manufacturers and Suppliers of Smart Vase?
Some of the leading manufacturers and suppliers of smart flowerpots include
- Smart Pot.
- Indiegogo, Inc.
- FUNNYFISH DESIGN
- Forma&Cemento
- Xiaomi
- Autodesk, Inc.
- Room Professional Simplifi-er Store
- Meredith Corporation
- MXYZJCD Garden Store
- Amaranth Vases
- The Brandstätter Group, and many others.
Pro players of the smart flowerpots are improving their penetration towards the digital ecosystem along with advanced technology mobilization and enriched asset connectivity. Enhanced products offering along with high-end technology helps in the growth of the market.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Key Segments
By Material Type:
- Plastic
- Metal
- Ceramic
- Stone
- PVC
- Others
By Application:
- Home
- Offices
- Hotels
- Hospitals
- Other
By Shape:
- Square
- Rectangular
- Trumpet
- Amphora
- Others
By Distribution Channels:
- Direct Sales
- Hypermarkets/ Supermarkets
- Online retailing
- Others
By Region:
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- EU5
- Nordics
- Benelux
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
- Japan
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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