Press release
Global Pet Tech Market Is To Be Driven By The Rising Concern About The Well-Being Of Domestic And Homeless Pets In The Forecast Period Of 2021-2026
Pet Tech Market
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter's Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
Forecast CAGR (2021-2026): 24%
Globally, the residential sector will drive expansion in the global pet tech market, accounting for a large proportion. Many regions have seen an increase in the adoption of pets in the home sector.
The most popular domestic animal species are dogs and cats. Pet food manufacturers are developing smart gadgets specifically for these animals.
Industry Definition and Major Segments
Pet tech companies can be exemplified as "companies with primary business are providing pet owners with tech-enabled solutions." Technology solutions for tracking, training, and connecting pets are a few examples of this.
Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/pet-tech-market
On the basis of product type, the market is prorated into:
Tracking Equipment
Monitoring Equipment
Entertainment Equipment
Feeding Equipment
Others
Based on the application, the market can be segmented into:
Pet Healthcare
Pet Owner Convenience
Communication and Entertainment
Pet Safety
On the basis of end-use, the market is divided into:
Household
Commercial
Based on distribution channel, the market is segmented into:
Offline
Online
On the basis of regional markets, the industry is divided into:
1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others
Market Trends
The rising technology developments during the projection period, the pet tech market would profit from increased technology advancements and breakthroughs in pet durables.
Smart fitness trackers, food, toys, and other innovations in the pet care business are just a few examples of significant technological advancements. Several businesses are developing cutting-edge wearable technologies that allow pet owners to keep a constant check on their dogs' activities.
Furthermore, the region's rapid expansion of pet stores, pet healthcare, and pet sitting services will make it easier for pet owners to adopt these innovative technologies.
Several companies have developed low-power wireless smart collars with non-invasive sensors to track a pet's location, calories consumed and burnt, respiration, heartbeat, movement, temperature, and heart-rate variations, all of which contribute to the pet's overall health.
Key Market Players
The major players in the market are CleverPet, Dogtra Company, Pawscout, Inc., Felcana and others.
The report covers the market shares, plant turnarounds, capacities, investments, expansions and mergers and acquisitions, among other latest developments of these market players.
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About Us:
Expert Market Research (EMR) is a leading market research company with clients across the globe. Through comprehensive data collection and skillful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium-scale enterprises.
EMR customizes syndicated reports according to client's requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
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