Press release
Global Pet Wearables Market Overview, Trends and Growth Opportunities Forecasted till 2022
Fact.MR
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This report offers an overview of the pet wearables market. This comprises an introduction to the market, along with a standard definition of the product – pet wearables. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers with up-to-date information about the latest advancements in the global pet wearables market, the report provides updates about market opportunities, which can benefit leading manufacturers of pet wearables. With continuous evolution of the consumer goods sector, keeping a record of latest developments and trends is fundamental for pet wearables manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.
Considering the wide scope of the global pet wearables market and to offer in-depth insights, Fact.MR’s report provides segment-wise analysis and forecast. The pet wearables market has been categorized on the basis of product type, distribution channel, application, technology and region. This segmentation analysis is comprehensive, coupled with a detailed country-wise forecast provided on all parameters.
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GPS Trackers Will Continue to Be the Most Sought-After Pet Wearable Product
On the basis of product, the GPS trackers segment is expected to remain highly lucrative in 2017 and beyond. The segment currently represents around 33% revenue share of the global market and is expected to register a CAGR of 4.2% during the forecast period.
On the basis of region, the pet wearables market in North America is expected to remain dominant throughout the assessment period. This is primarily owing to the high willingness of owners to provide their pets with optimum care. During the forecast period, North America’s pet wearables market is projected to expand at a CAGR of 4.3%.
Competition Tracking
FitBark, Inc., Loc8tor Ltd, PetPace LLC, Tractive GmbH, Whistle Labs LLC, Garmin International, Inc., Gibi Technologies Inc, GoPro, Inc., Motorola, IceRobotics, Ridogulous Labs Inc. are the key market participants profiled in the Fact.MR’s report. Many of these companies are stepped up their efforts in research and development activities in order to introduce more innovative products.
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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