Press release
Pet Travel Services Market Takes Flight with Market Share, Growth Strategies, and Uncharted Opportunities
Pet Travel Services Global Market Report 2024
The Business Research Company offers in-depth market insights through Pet Travel Services Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The pet travel services market size has grown rapidly in recent years. It will grow from $1.85 billion in 2023 to $2.06 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to increasing pet ownership, urbanization and changing lifestyles, regulatory changes, increased awareness of pet safety, expansion of pet-friendly accommodations.
The pet travel services market size is expected to see rapid growth in the next few years. It will grow to $3.02 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to globalization and international travel, evolving regulatory landscape, growing focus on sustainable and eco-friendly practices, rise in premium and specialized services, expansion of pet tourism. Major trends in the forecast period include technology integration, health and safety concerns, specialized accommodations, customized experiences, environmental sustainability.
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Market Segmentation:
The pet travel services market covered in this report is segmented -
1) By Travel Type: Domestic, International
2) By Pet Type: Dogs, Cats, Other Pet Types
3) By Booking Type: Online Booking, Offline Booking
4) By Application Type: Transportation, Relocation
Major Driver - Rise In Pet Adoption To Drive Market Growth
An increase in pet adoption will propel the growth of the pet travel services market going forward. Animal adoption means acquiring animals through rescue groups instead of purchasing them from pet shops or breeders. People use pet travel services for conveniently transporting their pets, which is less time-consuming and is handled by professionals. For instance, in February 2023, according to Chewy Inc., a US-based online retailer of pet food and other products, there were around 977,202 pets adopted in the US in 2021, which resulted in the highest adoption rate of 61% in the past six years. Additionally, in November 2022, according to a national survey of pets and people published by Animal Medicines Australia (AMA), an Australia-based industry body representing the leaders of the animal health industry in Australia, about half of Australian households have at least one dog, making them the most common pet and approximately 48% of households had dogs in 2022, 40% increase from 2019. Therefore, the rise in the animal adoption rate is driving the growth of the pet travel services market.
Competitive Landscape:
Major companies operating in the pet travel services market report are PetRelocation, Air Animal Pet Movers, Happy Tails Travel Inc., Blue Collar Pet Transport, Across the Pond Pets Travel, PETport, Starwood Pet Travel, JetPetGlobal, Airpets International, CitizenShipper, Tails-A-Wagon Pet and Vehicle Transport, AirPets Relocation Services Pvt. Ltd., Pet Travel Services Guam, Pawsome Pet Travel Ltd., World Care Pet Transport LLC, PetSafe Inc., Pet Express Animal Transport, Pet Air Carrier LLC, Pet Van Lines, Pet Travel Transport, Aeropets, Airvets Pet Relocation, American Airlines Pet Cargo, Animal Airways, Animal Land Pet Movers, Crown Relocations, Delta Airlines Pet Shipping, Dog Gone Taxi, Dogtainers, Fetch Pet Care
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Top Trend - Product Innovations Transforming The Pet Travel Services Market
Product innovations are a key trend gaining popularity in the animal health market. Major market players are concentrating their efforts on introducing new and advanced services and products to strengthen their position in the market. For instance, in March 2023, Pet Value, a Canada-based pet food and supplies company, launched Let's Go Outside, a unique digital travel guide focused on pets. The limited edition hard copy of the travel guide has a unique chew-proof sleeve that is pet friendly and provides a collection of stories and expert tips with suggestions of pet-first hotels, campsites, hikes, parks, restaurants, and others that the animal care experts of the company curate.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Pet Travel Services Market Characteristics
3. Pet Travel Services Market Trends And Strategies
4. Pet Travel Services Market - Macro Economic Scenario
5. Pet Travel Services Market Size And Growth
…..
27. Pet Travel Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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