Press release
Pet Services Market: Global Industry Overview and Forecast (2024-2030)
Pet Services Market OverviewsAn increasing number of pet pets, pet breeding, strategies used by important companies, and rising pet costs are some of the key factors in this market. For example, February 2022, Petco Health and Wellness Company, Inc. has partnered with Rover- an online pet market online pet services industry, to provide Petco customers with access to pet accommodation, accommodation, and dog-walking services. This has enabled Rover to reach nearly 130,000 pet owners who have registered for Petco's Vital Care.
To access more details regarding this research, visit the following webpage:https://www.stellarmr.com/report/Pet-Services-Market/1144
Pet Services Market Scope and Methodology:
The COVID-19 epidemic has led to a slowdown in the market, particularly by 2020. This negative impact is mainly due to the closure and restriction of access to pets' services due to social isolation and closure practices. For example, 85% of Pet Sitters International members experienced a more than 50% decline in business during the outbreak of violence. Pets at Home, Inc., a U.S. company, temporarily closed its rehabilitation facilities and reported approximately 29 declines. % of repairs received. in 2020. In another study conducted by a Japanese pet insurance company - Anicom, the cost of hotel and pet accommodation was found to be significantly lower for both dogs and cats. Wag Labs, Inc. based in the U.S., has also reported a nearly 63% decline in total bookings by 2020.
For in-depth information on this study, visit the following link:https://www.stellarmr.com/report/req_sample/Pet-Services-Market/1144
Pet Services Market Regional Insights
North America region holds the largest revenue share of more than 35.0% by 2023. The growth of the North American region is due to the presence of key service providers, the adoption of various strategies to increase market access, and the increase in the cost of pets. According to the U.S. Census Bureau, a total of 20,413 institutions providing pet care services in 2019. In addition, according to the APPA, American pet parents have spent about $ 103 billion on their livestock by 2020.
Pet Services Market Segmentation
On the basis of types, half of the dogs dominated the global market by 2023 with a budget of more than 80.0%. Half of the cats are estimated to grow by a good rate of 10.8% during the forecast period. Key factors contributing to this growth include an increase in pet ownership, the cost of pets, the personalization of pets, and the payment of products and services. Other factors include an increase in nuclear populations, declining birth rates in key markets, and an increase in the adoption of pet insurance.
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Pet Services Market Key Players
A Place for Rover, Inc. (US)
Pets at Home, Inc. (UK)
Wag Labs, Inc. (US)
TimeForPet (India)
Highland Canine Training, LLC (US)
Dogtopia Enterprises (US)
Pooch Dog SPA (UK)
American Pet Resort, LLC (US)
Key questions answered in the Pet Services Market are:
What is Pet Services?
What was the Pet Services market size in 2023?
What is the growth rate of the Pet Services Market?
Which are the factors expected to drive the Pet Services market growth?
What are the different segments of the Pet Services Market?
What growth strategies are the players considering to increase their presence in Pet Services?
What are the upcoming industry applications and trends for the Pet Services Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Pet Services Market?
Who are the leading companies and what are their portfolios in Pet Services Market?
What segments are covered in the Pet Services Market?
Who are the key players in the Pet Services market?
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
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About Stellar Market Research
Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company's vision is to be an integral part of the client's business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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