Press release
Pet Carriers Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033 | Paws & Pals Inc., MidWest Homes for Pets, Ferplast SpA, EliteField LLC, Pet-Tom LLC
Pet Carriers Market Characteristics
The Business Research Company offers in-depth market insights through Pet Carriers 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 carriers market size has grown strongly in recent years. It will grow from $906.83 billion in 2023 to $958.75 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to pet ownership trends, urbanization and pet-friendly lifestyles, travel and adventure trends, humanization of pets, innovations in material and design..
The pet carriers market size is expected to see strong growth in the next few years. It will grow to $1210.97 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to rise of pet adoption, e-commerce expansion, focus on pet safety and comfort, customization and personalization trends, health and wellness considerations.. Major trends in the forecast period include focus on lightweight and portable solutions, integration of comfort features, health and wellness integration, rise in luxury pet carriers, global market expansion..
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Market Segmentation:
The pet carriers market covered in this report is segmented -
1) By Product Type: Soft-Side Bag, Hard Kennel, Backpack, Sling Carrier
2) By Pet Type: Dogs, Cats, Guinea Pig
3) By Sales Channel: Supermarkets, Specialty Stores, Online Stores, Other Channels
Major Driver - Pet Adoption Boom Ignites Growth In Pet Carrier Market
Rising pet adoption is expected to propel the pet carrier market going forward. Pet adoption refers to adopting a pet from a prior owner who abandoned it or gave it to a shelter. It involves taking custody of and assuming responsibility for the animal. Pet carriers enable the owners to transport the pet and can be used as an indoor or outdoor dog kennel, so rising pet adoption will propel market growth. For instance, in 2021, 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. Further, 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. In 2022, 48% of households had dogs, up from 40% in 2019. Therefore, the rising pet adoption rate is driving the pet carrier market.
Competitive Landscape:
Major companies operating in the pet carriers market report are Paws & Pals Inc., MidWest Homes for Pets, Ferplast SpA, EliteField LLC, Pet-Tom LLC, Pet Gear Inc., Coastal Pet Products Inc., Pet Life LLC, Worldwise Inc., Snoozer Pet Products LLC, Sleeko, Prefer Pets Travel Gear, Gen 7 Inc., Outward Hound Inc., K&H Manufacturing LLC, Sherpa Pet Group, Quaker Pet Group Inc., Stefanplast SpA, MPS Italia, OxGord Inc., Mr. Peanut's Pet Carriers, Bergan LLC, Radio Systems Corporation, Kurgo Inc., PetEgo LLC, PetFusion Inc., PetNation Inc. .
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Top Trend - Product Innovations In The Pet Carrier
Product innovations are a key trend gaining popularity in the pet carrier market. Major companies operating in the pet carrier market are focused on developing new technological solutions to strengthen their position in the market. For instance, in October 2021, Delta Air Lines, a US-based provider of domestic and international travel that offers airline tickets and flights, launched CarePod, an innovative solution for pet travel. It is uniquely designed with a built-in hydration system that holds up to a liter of water and will automatically replenish the spill-proof water bowl. It has a powerful, enterprise-level GPS tracking and monitoring system that connects to the pet's journey directly and lets you view the pet's key travel updates throughout its entire journey. It has stronger, industrial-strength walls that are insulated to protect the pet against potential temperature fluctuations.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Pet Carriers Market Characteristics
3. Pet Carriers Market Trends And Strategies
4. Pet Carriers Market - Macro Economic Scenario
5. Pet Carriers Market Size And Growth
…..
27. Pet Carriers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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