Pet Boarding Market
In 2021, the United States was the largest market in North America and is expected to reach $14,932.6 million by 2031.
Rising trend in pet adoption is a crucial factor responsible for the growth of the global pet boarding market” -Roshan Deshmukh
5933 NE WIN SIVERS DRIVE, PORTLAND, OR, USA, March 18, 2023 /einpresswire.com/ — According to a new report published by Allied Market Research, titled “Pet boarding market By Pet Type, By Services: Global Opportunity Analysis and industry forecast, 2021-2030′′. The report provides a detailed analysis of major investment pockets, top winning strategies, drivers and opportunities, market size and estimates, competitive landscape and changing market trends. Pet Boarding Market was valued at USD 19.5 Billion in 2021 and is projected to reach USD 35.8 Billion by 2031, growing at a CAGR of 6.4% from 2022 to 2031.
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Rising awareness of veterinary health, changing demographic trends in developing countries, and growing number of pet owners are propelling the expansion of the market. Additionally, the growth in the trend of high-end pet care services such as group play activities and training is further fueling the growth of the industry. Rise in pet adoption and ownership is expected to be a key factor in propelling the growth of the market.
One of the main drivers of the global pet boarding industry is the development of awareness campaigns and the promotion of pet ownership by governments and organizations around the world. Orphaned pets are on the rise around the world and some of them are cared for by pet shelters and NGOs that donate pets to owners who want to own them. Thus, the growing working population and hectic work schedules are further fueling the growth of the global pet boarding market.
The pet boarding market is segmented on the basis of animal type, service and region.
By pet type, the dog segment was valued at $11,166.3 million in 2021 and is projected to reach $20,412.4 million by 2031 at a CAGR of 6.3%. Dogs are the most popular pets among pet owners around the world. They are among the most common pets. They are also listed as one of the friendliest pets owned by people and are generally described as man’s best companions as they generously offer their friendship and companionship to people. Grooming, training, and group play activities are important for dogs, which is expected to fuel the demand for the pet boarding market during the forecast period.
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On a service basis, the exercise segment is expected to grow at a CAGR of 6.6% during the forecast period for the pet boarding market. Exercise keeps dogs healthy, while reducing behavioral issues such as excessive licking, barking, chewing, digging, and other anxiety-related behaviors. It also helps to build pets’ trust in their owners and environment. Hence, pet owners are demanding physical activity sessions in boarding, which is expected to fuel the growth of the exercise segment in the global pet boarding market.
Asia-Pacific is one of the most important and high-potential regions for the pet care industry. Asia-Pacific has a variety of mature countries like Australia and Japan and emerging markets like China and India. The pet care market in Asia-Pacific is largely driven by rapid urbanization and the increase in the number of nuclear families. In many countries, owning a pet, focusing on it, and spending on its care are seen as social status and sensibilities, which further fuels the growth of the market.
Key Players profiled in this report are Carey Petcare and Homecare, Best Friends Pet Care Inc., Camp Bow Wow, Dogtopia, Royvon, Barkefellers, Country Paws Boarding, Puss ‘N’ Boots Boarding Cattery, Urban Tails Pet Resort and Pet Station Kennels . & Cattery.
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Main benefits for stakeholders:
. This report provides a quantitative analysis of market segments, current trends, estimates and dynamics of the Pet Boarding Market analysis from 2021 to 2031 to identify the predominant Pet Boarding Market opportunities of company.
. Market research is offered with information related to key drivers, restraints, and opportunities.
. Porter’s Five Forces analysis highlights the ability of buyers and suppliers to enable stakeholders to make profit-driven business decisions and strengthen their supplier-buyer network.
. In-depth analysis of the Pet Boarding market segmentation helps to determine the existing market opportunities.
. Major countries in each region are mapped based on their revenue contribution to the global pet boarding market size.
. The positioning of market players facilitates benchmarking and provides a clear understanding of the current position of market players.
Reasons to buy:
. Acquire strategically important competitor information, analysis and intelligence to formulate effective R&D strategies.
. Recognize emerging players with a potentially strong product pipeline and create effective counter-strategies to gain competitive advantage.
. Classify potential new customers or partners into the target demographic.
. Develop tactical initiatives by understanding the focus areas of leading companies.
. Plan mergers and acquisitions meritoriously by identifying the best manufacturer.
. Develop and design licensing and out-licensing strategies by identifying potential partners with the most attractive projects to enhance and expand business potential and reach.
. The report will be updated with the latest data and delivered to you within 2-4 business days of ordering.
. Suitable to support your internal and external presentations with reliable high quality data and analysis.
. Create regional and national strategies based on local data and analysis.
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