Growing awareness about pet health and demand for remote pet monitoring drives market growth.
NEW YORK, USA, May 23, 2023 (GLOBE NEWSWIRE) — According to a research report published by Market Research Future (MRFR).Pet Apparel Market Data by Product, Technology, Application, and Region – Forecast till 2032” Pet Wearables Market May Grow at a rate of 10.6% between 2023 and 2032. The Market Size Will Reach About $2.47 Billion By End. 2032
Synopsis of the wearable pet market:
Pet wearables refer to technology that allows pet owners to monitor their pet’s health and behavior in real time through wearable devices. These devices come in the form of collars, harnesses and tags, among others, and are equipped with sensors that collect data on parameters such as activity levels and sleep patterns. Heart rate and location. The collected data is sent to the app on the smartphone. Allows pet owners to monitor their pet’s health and behavior remotely.
The uses and applications of pet wearables are numerous. These devices can help pet owners track their pets’ physical activity and sleep patterns. and even detect potential health problems such as obesity or diabetes. They can also help pet owners find their pets if they get lost. This is especially useful for outdoor pets. Pet wearables also help pet owners train their pets by commenting on their behavior, such as barking or jumping.
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The competitive landscape of the pet apparel market:
The lucrative companies in the pet grooming industry include:
Indiegogo Inc.
FitBark Inc.
Tractive Company Limited
Pawtrack Co., Ltd.
Loc8tor Co., Ltd.
Dairymaster USA Inc.
Afimilk Co., Ltd.
Whistle Labs Inc.
Ice Robotics Co., Ltd.
Petpace LLC
Scope of the report:
metrics report | details |
Estimated revenue in 2032 | $2.47 billion |
growth rate | CAGR of 10.6% from 2023 to 2032 |
base year | 2022 |
period of study | 2023-2032 |
important market opportunities | Growing Demand for Remote Pet Monitoring and Tracking in USA and Europe |
key market drivers | Increased awareness of the physical and mental performance of pets Growing number of pet tech start-ups in Europe ADVERTISEMENT |
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Latest industry updates (January 2023):
The Whistle, one of the top players in the market, has launched a new pet wearable that can track your pet’s mood. The device uses artificial intelligence to analyze your pet’s vocal patterns and body language. Help pet owners better understand their pet’s emotional state.
The USP pet apparel market covers:
Pet wearables market drivers:
The first driving factor is the growing awareness of pet health and wellness. Pet owners are becoming more aware of the health and well-being of their pets. and are willing to invest in products that can help monitor and improve pet health. Growing Demand for Monitoring and Tracking Pets Remotely with the help of pet wearables Pet owners can remotely monitor their pet’s activity, location and health. This feature is especially important for pet owners who spend hours away from home and want to keep an eye on their pets. Technological advances in sensors and wireless communications. With the development of new sensors and wireless technologies Pet wearables are becoming more advanced, reliable and efficient. This has led to the launch of innovative pet wearables that can monitor a range of pet health metrics.
Wearable pet market constraints:
The pet wearables market also faces several limitations. Including high-priced equipment Limited battery life of wearables and the potential risks from cyberthreats. Additionally, some pet owners may be hesitant to use wearables on their pets. It cited privacy concerns and ethical issues.
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Analysis of COVID 19:
The COVID-19 pandemic has had multiple impacts on the pet wearables market. While the pandemic has led to an increase in pet ownership across the world, Economic uncertainty and supply chain disruptions have weighed on the market growth. Post COVID, the market is expected to recover and grow significantly due to the increasing demand for pet monitoring and tracking. from a distance
Pet Wearables Market Segmentation
outgrowth- Products on the market include Smart Collars, Smart Vest and Smart Harness.
by technology- By technology, the group includes RFID, GPS, Bluetooth devices.
by application- by application Groups consist of identification and tracking. Behavior monitoring and control fitness monitoring medical diagnosis and treatment
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Regional Insights of Pet Wearables Market:
North America is the largest market for pet wearables. with significant market share This is due to the high adoption rate of pet wearables by pet owners in North America. and the fact that the major players in the region manufacture and distribute these devices. Europe is also the second largest market for pet wearables. This is driven by growing awareness of pet health and wellness among pet owners. The demand for pet tracking devices is also increasing in Europe. As pet owners are increasingly concerned with ensuring the safety and security of their pets.
In addition, the Asia-Pacific region is expected to witness significant growth in the pet wearables market. This is due to the increasing number of pet owners in the region. Including the increasing use of IoT (Internet of Things) devices. This includes pet wearables. As pet ownership grows in popularity in the Asia-Pacific region, Pet owners are therefore more likely to invest in wearable technology to ensure the health, safety and well-being of their pets.
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