Press release
Pet Tech Market Size, Share, Key Players, Trends, Competitive and Regional Forecast to 2035 - Valued at USD 79.41 Billion by 2035
The global Pet Tech market was estimated at USD 15.79 Billion in 2024 and is projected to grow from USD 18.28 Billion in 2025 to USD 79.41 Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 15.82% during the forecast period from 2025 to 2035. The market is witnessing rapid growth driven by rising pet ownership, increasing adoption of smart and connected devices for pets, and the growing humanization of pets worldwide.Get a Free PDF Sample> https://www.marketresearchfuture.com/sample_request/11343
Key Market Drivers
• Increasing Pet Ownership and Spending
Rising pet adoption and the willingness of owners to invest in pet care products and technology are fueling demand for smart pet devices.
• Advancements in IoT and Connected Devices
Innovations in GPS trackers, smart collars, activity monitors, feeders, and health monitoring devices are enhancing pet care and management.
• Humanization of Pets
Pet owners increasingly treat pets as family members, boosting demand for premium and technology-enabled products.
• Awareness of Pet Health and Wellness
Growing concern for pet health, nutrition, and fitness encourages the adoption of smart monitoring and healthcare devices.
• E-Commerce and Online Platforms
Digital platforms and mobile apps facilitate easy access to pet tech products and services, driving market expansion.
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Market Segmentation Highlights
1. By Product Type:
• Wearables and Smart Collars - Leading segment due to high adoption for tracking, activity monitoring, and safety.
• Health Monitoring Devices - Includes smart feeders, pet cameras, and devices for health and wellness monitoring.
• GPS Tracking Devices - Popular for pet safety and location tracking.
• Pet Care Apps and Services - Mobile applications for pet management, training, and veterinary services.
2. By End-User:
• Individual Pet Owners - Largest user segment adopting smart devices for convenience, safety, and pet health.
• Veterinary Clinics and Pet Hospitals - Using technology for monitoring, diagnostics, and preventive care.
• Pet Care Services - Grooming, boarding, and daycare services leveraging technology for better service management.
3. By Region:
• North America (Market Leader) - Driven by high pet adoption rates, disposable income, and early adoption of pet tech.
• Europe - Growth fueled by increasing pet ownership, smart home adoption, and regulatory standards for pet welfare.
• Asia-Pacific - Fastest-growing market due to rising pet ownership, urbanization, and growing awareness of pet care technology.
• South America & Middle East & Africa (MEA) - Emerging adoption of pet tech, supported by rising pet care awareness and digital penetration.
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Key Market Opportunities
• Integration of AI and IoT in Pet Devices - Enhancing functionality, predictive health monitoring, and convenience.
• Expansion of Smart Pet Products - Increased availability of innovative products such as automated feeders, wearable devices, and monitoring systems.
• Growth of E-Commerce Platforms - Facilitates wider access and consumer adoption of pet tech products.
• Pet Wellness and Preventive Care Trends - Opportunities to introduce subscription-based monitoring and healthcare services.
Competitive Landscape
The Pet Tech market is highly competitive, with companies focusing on innovation, partnerships, and global expansion.
Key players include:
• Mars Petcare Inc.
• Nestlé Purina PetCare
• Garmin Ltd.
• Petcube Inc.
• Tractive GmbH
• Sure Petcare Ltd.
• Whistle Labs Inc.
• PetSafe (Radio Systems Corp.)
• FitBark Inc.
• Pawbo Technology
These companies are investing in R&D, launching smart pet products, and expanding their market presence through collaborations and e-commerce channels.
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