An emerging market analysis titled “Anticipated Trends, Drivers of Growth, and Obstacles in the Pet Services Market” has been showcased on Report Ocean.
The “Global Pet Services Market” report offers comprehensive insights into factors affecting demand, growth, opportunities, challenges, and limitations. It covers global and regional industry dynamics, including research & development, new product launches, and responses from leading players in both global and local markets. The report provides visual representations and regional breakdowns of the Pet Services Market.
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What’s the extent of the Pet Services Market in terms of size?
Global Pet Services Market is valued at approximately USD 23.0 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 8.2% over the forecast period 2022-2029.
What is the Pet Services Market?
Pet Services refers to locations where domestic animals are groomed. Animal boarding, pet sales, grooming, and pet shops are examples of pet services. The Pet Services market is expanding because of factors such as an increase in the Number of Pet Owners and increased Spending on Pets. However, may halt market growth.
According to the American Pet Products Association’s (APPA) National Pet Owner’s Survey (2020-2021), there are about 90.5 million pet-owning homes in the United States. Over the past 30 years, the percentage of households with pets has increased from 56.0% to 68.0%. A significant rise in goods and services targeted at wealthy pet owners can be attributed to the surge in pet care spending. As pets are seen as good companions for the elderly, the growing older population in industrialized nations is driving the rise of the worldwide pet daycare and lodging business. Customization is more appealing to clients since it gives the pet a more unique personality, and it is anticipated that this element will have a significant impact on the expansion of the pet service. However, the high cost of Pet Services stifles market growth throughout the forecast period of 2022-2029.
Which regions are considered in the Global Pet Services Market study?
The key regions considered for the Global Pet Services Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Among these regions, North America holds the highest share owing to factors such as rising number of pet ownership, and rising spending on pet grooming, Furthermore, the Asia Pacific region is also growing at a highest rate owing to factors such as rising disposable income in key markets, an increase in the pet population, and the availability of pet care providers all create the profitable potential for the forecast period in the region.
Major market players included in this report are:
- A Place for Rover, Inc.
- Pets at Home, Inc.
- Wag Labs, Inc.
- Highland Canine Training, LLC
- Dogtopia Enterprises
- Pooch Dog SPA
- American Pet Resort, LLC
- Pawz and Company
- AirPets International
- Paradise 4 Paws, LLC
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Pet Type offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Pet Type:
Dogs
Cats
Others
By Service Type:
Pet Boarding
Pet Training
Pet Grooming
Pet Transportation
Dog Walking
Others
By Delivery Channel:
Commercial facilities
Mobile/ Outdoors
Others
By Region:
North America: U.S., Canada
Europe: UK, Germany, France, Spain, Italy, Rest of Europe (ROE)
Asia Pacific: China, India, Japan, Australia, South Korea, Rest of Asia Pacific (RoAPAC)
Latin America: Brazil, Mexico, Rest of Latin America (RoLA)
Rest of the World
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Report Overview:
This research offers a comprehensive exploration of the emerging trends poised to shape the future business landscape. It delves deep into the pivotal factors driving the growth of the Pet Services market over the projected period. Furthermore, the report sheds light on strategic initiatives undertaken by leading industry players to fortify their market positions.
Market Dynamics:
Encompassing a global perspective, this study presents insights into the influential entities within the worldwide Pet Services market. It encompasses contact details, sales figures, and global market estimates. The research draws from reputable sources and institutions, aggregating a wealth of information and insightful analysis pertaining to the global Pet Services market.
Marketing Insights:
The study furnishes essential facts and statistics relevant for marketers, consultants, and decision-makers navigating the global Pet Services market landscape. With comprehensive regional breakdowns, this research offers a vital resource for newcomers venturing into the global Pet Services market. It encapsulates indispensable insights extracted from the Pet Services Market domain, facilitating informed decision-making processes.
This report covers several key questions related to the global Pet Services market, including:
- What can be expected for the Pet Services market in the next decade?
- What are the primary drivers of growth in the global Pet Services market?
- Which technologies are likely to experience the most rapid growth, both by market and region?
- How do opportunities within the Pet Services market vary based on the size of the end market?
- What is the breakdown of Pet Services by type and application?
- How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the Pet Services market?
Our most recent research report showcases the thriving expansion of the global Pet Services Market and offers in-depth insights into the projected market size, share, and revenue until 2031.
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