Press release
Pet Tech Market Size Worth $7444.3 Million By 2031: IMIR Market Research Pvt ltd.
Pet Tech Market
Market Overview:
According to a new report by IMIR Market Research on Global Pet Tech Market was valued at approximately USD 2929.4 Million in 2023. Over the course of the forecast period (2024-2031), the market is expected to develop at a compound annual growth rate (CAGR) of 14.3%, reaching a value of USD 7444.3 Million by 2031.
Pets kept largely for a person's company or enjoyment rather than for work are termed pets. Contemporary pet owners view their animals as members of the family and are willing to make financial investments in the well-being, fitness, and health of their animals. The result of these developments is a brand-new industry known as "Pet Tech." Owners can now get useful statistics and their pet's current location via smartphone apps thanks to the new pet market. Modern pet owners also expect duties like feeding and health-monitoring their animals to be automated by technology. Technology like fitness trackers, camera surveillance, and automatic pet feeding are finally being adopted by pet owners.
Download Sample Report of this premium Report: https://www.intellectualmarketinsights.com/download-sample/IMI-005257
Market Drivers:
Increasing Pet Ownership and Humanization
• The growing humanization of pets and the trend of pet ownership. More money is being spent on the amusement, health, and well-being of pets as they are viewed as essential family members. A growing number of people are owning pets, including dogs, cats, birds, and small animals. The tendency is associated with changes in disposable income, urbanization, and lifestyle. Pet technological solutions that improve safety, engagement, and medical monitoring are becoming more and more necessary as pet parents strive to give their furry friends the best care and lifestyle possible.
Pet Tech Market Players Analysis:
• Mars Petcare
• Zoetis
• Nestle Purina Petcare
• Hill's Pet Nutrition
• Royal Canin
• Blue Buffalo
• Chewy Inc.
• Petco
• PetSmart
• Trupanion
• Banfield Pet Hospital
• VCA Animal Hospitals
• PetMed Express
• IDEXX Laboratories
• Elanco Animal Health
• Animalytix
• WALTHAM Centre for Pet Nutrition
• Petplan
• com
• Embark Veterinary Inc.
Pet Tech Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2024-2031 & Sales with a thorough analysis of the market's competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Pet Tech Market Overview:
Pet Tech Market research is an intelligence report with meticulous efforts to study the right and valuable information. The data considers both the existing top players and the upcoming Consumer Goods competitors. Global Forecast to 2027 latest report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the Pet Tech market. This market research report is a compilation of informative data that gives an all-inclusive analysis of the current trend for the forecast period. Our report offers a comprehensive account of the current state of the market and describes its future prospects as well. We also illustrate how to make future business plans based on our predictions.
Pet Tech Market Segmentation Analysis:
By Type
• RFID
• GPS
• Sensors
• Others
By Product
• Monitoring Equipment
• Tracking Equipment
• Entertaining Equipment
• Feeding Equipment
• Pet Wearables
• Others
By Application
• Pet Safety
• Pet Healthcare
• Pet Owner Convenience
• Communication & Entertainment
The report also helps in understanding Global Pet Tech Market dynamics, structure by analyzing the market segments, and project the Global Pet Tech Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Pet Tech Market make the report investor's guide.
The Pet Tech market was studied across the Americas, Asia-Pacific, Europe, Middle East & Africa based on region. The Americas is further explored Pet Tech report across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied Pet Tech report across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further analyzed Pet Tech report across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, and Thailand. Finally, Europe, the Middle East & Africa is further studied. Pet Tech report across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and the United Kingdom.
Buy this report :-https://www.intellectualmarketinsights.com/checkout/IMI-005257?currency=1
Cumulative Impact of COVID-19 on Pet Tech report:
Our ongoing Pet Tech report research amplifies our research framework to ensure the inclusion of underlying COVID-19 issues and potential paths forward. In addition, the updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the Pet Tech market.
The Porter Matrix evaluates and categorizes the Pet Tech vendors in the market based on Business Strategy (Industry Coverage, Business Growth, Financial Viability, and Channel Support) and Pet Tech Product Satisfaction (Ease of Use, Product Features, Value for Money, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Pet Tech Market Share Analysis: Knowing Pet Tech's market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the Pet Tech market characteristics in accumulation, dominance, fragmentation, and amalgamation traits.
Key Reasons to Purchase
To gain insightful analyses of the Pet Tech market and have comprehensive understanding of the global market and its commercial landscape.
Assess the production processes, major issues, and solutions to mitigate the development risk.
To understand the most affecting driving and restraining forces in the market and its impact in the global market.
Learn about the Pet Tech market strategies that are being adopted by leading respective organizations.
To understand the future outlook and prospects for the Pet Tech market. Besides the standard structure reports, we also provide custom research according to specific requirements.
Research Scope of Pet Tech Market
• Historic year: 2018- 2022
• Base year: 2023
• Forecast: 2024 to 2031
• Representation of Market revenue in USD Million
Pet Tech Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends:
Browse this Report: https://www.intellectualmarketinsights.com/report/pet-tech-market-research-current-trends-and-growth/imi-005257
Follow Us: LinkedIn
Mr. Smit Patel
Phone: +1 412-730-2889
Email: Smit@intellectualmarketinsights.com
Corporate Sales: Sales@intellectualmarketinsights.com
About US:
IMIR® Market Research Pvt Ltd.
Intellectual Market Insights Research is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including, Semiconductor, aerospace, Automation, Agriculture, Food & Beverages, Automotive, Chemicals and Materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports.
IMIR has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Pet Tech Market Size Worth $7444.3 Million By 2031: IMIR Market Research Pvt ltd. here
News-ID: 3623491 • Views: …
More Releases from IMIR
Medical Device Testing and Certification Market Size Worth $14.99 Billion | Glob …
Medical Device Testing and Certification Market Size, Share & Trends Analysis Report By Service Type: (Testing Services,Inspection Services, Certification Services) By Sourcing Type: ( In-house,Outsourced) By Device Class: (Class I,Class II, Class III) By Technology: ( Active Implant Medical Device,Active Medical Device,Non-Active Medical Device,In-Vitro Diagnostic Medical Device,Ophthalmic Medical Device,Orthopedic and Dental Medical Device,Vascular Medical Device, and Other Technologies) , Global Economy Insights, Regional Outlook, Growth Potential, Price…
Solid Tumor Oncogenesis Market Expected to reach USD 478.16 Billion by 2032 | An …
Global Solid Tumor Oncogenesis Market size was valued at USD 200.62 Billion in 2023 and is projected to reach USD 478.16 Billion by 2032, growing at a CAGR of 15.4% from 2023 to 2032 according to a new report by IMIR Market Research.
The Solid Tumor Oncogenesis market research report comprises a thorough examination of the current and future scenario of this industry vertical. The research highlights major trends and opportunities,…
Demand of 3D Semiconductor Packaging Market is Growing and Expected to reach By …
3D Semiconductor Packaging Market Size, Share & Trends Analysis Report by Technology (3D Through silicon via, 3D Package on Package, 3D Fan Out Based, 3D Wire Bonded) by Material (Organic Substrate, Bonding Wire, Leadframe, Encapsulation Resin, Ceramic Package, Die Attach Material) by Industry vertical (Electronics, Industrial, Automotive & Transport, Healthcare, IT & Telecommunication, Aerospace & Defense), Global Economy Insights, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast,…
Rockets and Missiles Market Research Report Market Size & Share to hit Around $9 …
Market Overview:
The Rockets and Missiles Market size was valued at around US$ 64.76 billion in 2023 and is expected to reach a value of USD 92.66 Billion by 2031, at a CAGR of 4.58% over the forecast period (2024-2031).
A rocket represents an advanced form of reaction propulsion, utilizing its own oxidant to propel a launch vehicle forward. Employed as a means of propulsion, a reaction motor generates thrust by expelling…
More Releases for Pet
Pet Travel Services Market Is Booming So Rapidly | RoyalPaws, Pet Port, Pet Oasi …
The Global Pet Travel Services Market Size is estimated at $2.8 Billion in 2025 and is forecast to register an annual growth rate (CAGR) of 8.6% to reach $5.9 Billion by 2034.
The latest study released on the Global Pet Travel Services Market by USD Analytics Market evaluates market size, trend, and forecast to 2034. The Pet Travel Services market study covers significant research data and proofs to be a handy…
Pet Carriers Market is Booming Worldwide | K&H Manufacturing, Sherpa Pet, Quaker …
Worldwide Pet Carriers Market In-depth Research Report 2024, Forecast to 2030 is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Worldwide Pet Carriers Market. Some of the key players profiled in the study are K&H Manufacturing…
Pet Air Shipping Service Market Growth Expected to See Next Level: Pet Travel, P …
Latest Study on Industrial Growth of Global Pet Air Shipping Service Market 2024-2030. A detailed study accumulated to offer the Latest insights about acute features of the Pet Air Shipping Service market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study…
Pet Shops Market 2023- Industry Comprehensive Understanding | PETSMART, PETCO, P …
The Pet Shops market research report is proficient and top to bottom research by specialists on the current state of the industry. This statistical surveying report gives the most up to date industry information and industry future patterns, enabling you to distinguish the items and end clients driving income development and benefit. It centres around the real drivers and restrictions for the key players and present challenge status with development…
Pet Bag Market Set for More Growth : Gen7Pets, Sherpa Pet, Quaker Pet
Advance Market Analytics published a new research publication on "Pet Bag Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Pet Bag market was mainly driven by the increasing R&D spending across the world. Some of the key players profiled…
Pet Veterinary Diets Market 2019 Industry Dynamics - Mars, Farmina Pet Foods, Ni …
Recent market research study Global Pet Veterinary Diets Market 2019-2024 now available with Fior Markets provides a comprehensive market analysis based on past and current situation of the market. The report covers future trends, current growth drivers, thoughtful insights, facts, market valuation, competitive spectrum, regional share, and revenue predictions. The report shows the market size, share, business growth enhancers, and obstructers, prior and current trends being followed by the market.…
