Global Pet Wearable Carrier Market Analysis By Technology (RFID, GPS, Sensors), By Application (Identification & Tracking, Behavior Monitoring & Control, Facilitation, Safety & Security, Medical Diagnosis & Treatment) & Forecast
- PUBLISHED ON
- 4/28/2023
- NO OF PAGES
- 245
- CATEGORY
- Retails & Consumer
The global Pet Wearable Carrier market was valued at USD 2.45 billion in 2022 and expected to grow at a CAGR of 14.6% during the forecast period.
The pet wearable carrier market has been growing steadily over the years due to the increasing number of pet owners who want to take their pets with them wherever they go. The market has also been driven by the increasing awareness of the importance of pet health and wellness, which has led to the development of carriers that are specifically designed to support the physical and emotional needs of pets. The pet wearable carrier market is highly competitive, with a large number of players offering a wide range of products. Some of the key players in the market include PetAmi, PetSafe, K&H Pet Products, Outward Hound, and Kurgo. Overall, the pet wearable carrier market is expected to continue growing in the coming years, driven by the increasing number of pet owners and the growing demand for products that cater to the needs of pets.
Report Scope
Report Attributes | Description |
Market Size in 2022 | USD 2.45 Billion |
Market Forecast in 2032 | USD 5.87 Billion |
CAGR % 2023-2031 | 14.6% |
Base Year | 2022 |
Historic Data | 2019-2021 |
Forecast Period | 2023-2031 |
Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
Segments Covered | By Application, By Technology |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | Avid Identification Systems, Inc., Allflex USA Inc., Datamars, FitBark, Garmin Ltd., Invisible Fence, Link AKC, Loc8tor Ltd., PetPace LLC, Whistle Labs, Inc., Voyce, Others |
The COVID-19 pandemic has had a mixed impact on the pet wearable carrier market. On one hand, the market has been negatively affected due to the restrictions on travel and outdoor activities, which has reduced the need for pet wearable carriers. Many people have been staying at home and not taking their pets out as much, leading to a decrease in demand for these products. However, on the other hand, the pandemic has also led to an increase in pet adoption rates, as more people have been spending time at home and seeking companionship. This has resulted in a higher demand for pet products, including wearable carriers, as people look for ways to safely transport their pets when they do need to go out. Additionally, with more people working from home, there has been a shift towards remote work, which has led to an increase in outdoor activities such as hiking and camping. This has also resulted in a higher demand for pet wearable carriers, as people look for ways to take their pets with them on outdoor adventures. Overall, the impact of the COVID-19 pandemic on the pet wearable carrier market has been mixed, with both positive and negative effects. While the market has been negatively affected by the restrictions on travel and outdoor activities, the increase in pet adoption rates and the shift towards remote work and outdoor activities have created opportunities for growth in the market.
Market Dynamics:
Drivers:
Increasing pet ownership: The number of people owning pets has been increasing steadily, and this trend is expected to continue in the coming years. As more people become pet owners, the demand for pet products, including wearable carriers, is expected to rise.
Growing awareness of pet health and wellness: There is a growing awareness of the importance of pet health and wellness, which has led to an increase in demand for products that cater to the physical and emotional needs of pets. Pet wearable carriers are designed to provide comfort and security to pets while they are being transported, and this has contributed to their growing popularity.
Convenience and ease of use: Pet wearable carriers provide a convenient and easy way to transport pets, particularly for those who want to take their pets with them wherever they go. Pet owners can carry their pets in a hands-free manner, which allows them to have their hands free for other tasks.
Increasing demand for outdoor activities: With more people participating in outdoor activities such as hiking, camping, and traveling, the demand for pet wearable carriers has also increased. Pet owners want to take their pets with them on these activities, and wearable carriers provide a safe and secure way to do so.
Innovative product design: Manufacturers are continuously developing new and innovative designs for pet wearable carriers, which has led to an increase in demand for these products. These designs cater to the needs of different pets and their owners, providing a range of options for consumers to choose from.
Overall, the pet wearable carrier market is driven by a combination of factors, including increasing pet ownership, growing awareness of pet health and wellness, convenience and ease of use, increasing demand for outdoor activities, and innovative product design.
Restraints:
High cost: Pet wearable carriers can be expensive, particularly those that are made from high-quality materials or have advanced features. The high cost of these products can deter some consumers from purchasing them.
Limited consumer awareness: While the demand for pet products is increasing, some consumers may not be aware of the availability and benefits of pet wearable carriers. This limited awareness can limit the growth potential of the market.
Competition from alternative products: There are alternative products available for transporting pets, such as traditional pet carriers or pet strollers, which may compete with pet wearable carriers. These products may be more familiar to consumers and may have a lower cost, which can limit the adoption of pet wearable carriers.
Safety concerns: Some pet owners may have safety concerns regarding the use of pet wearable carriers. For example, they may worry that the carrier may not be secure enough or that their pet may become uncomfortable or distressed while wearing it.
Limitations in pet size and weight: Some pet wearable carriers have limitations in terms of the size and weight of the pet they can accommodate. This can limit their appeal to pet owners who have larger or heavier pets.
Regional Analysis:
North America: The North American market is expected to dominate the pet wearable carrier market due to the high level of pet ownership and the growing trend towards pet humanization. The United States and Canada are expected to be the largest markets in the region.
Europe: The European market is expected to grow significantly, driven by the increasing trend towards pet humanization and the growing demand for pet products. The United Kingdom, Germany, France, and Italy are expected to be the largest markets in the region.
Asia-Pacific: The Asia-Pacific region is expected to grow at a rapid pace, driven by the increasing pet ownership and the growing trend towards pet humanization. China, Japan, and India are expected to be the largest markets in the region.
Latin America: The Latin American market is expected to grow steadily, driven by the increasing demand for pet products and the growing trend towards pet humanization. Brazil and Mexico are expected to be the largest markets in the region.
Middle East and Africa: The Middle East and Africa market are expected to grow moderately, driven by the increasing pet ownership and the growing demand for pet products. The United Arab Emirates, Saudi Arabia, and South Africa are expected to be the largest markets in the region.
Overall, the pet wearable carrier market is expected to grow globally, driven by the increasing trend towards pet humanization and the growing demand for pet products. The market is expected to be dominated by North America, followed by Europe and Asia-Pacific, with Latin America and the Middle East and Africa markets growing at a moderate pace.
Competitive Landscape:
The global Pet Wearable Carrier market is highly competitive and fragmented with the presence of several players. These companies are constantly focusing on new product development, partnerships, collaborations, and mergers and acquisitions to maintain their market position and expand their geographical presence.
• Avid Identification Systems, Inc.
• Allflex USA Inc.
• Datamars
• FitBark
• Garmin Ltd.
• Invisible Fence
• Link AKC
• Loc8tor Ltd.
• PetPace LLC
• Whistle Labs, Inc.
• Voyce.
• Others
Segments
By Technology
• RFID
• GPS
• Sensors
By Application
• Identification & Tracking
• Behavior Monitoring & Control
• Facilitation, Safety & Security
• Medical Diagnosis & Treatment
By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia
• Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o ASEAN
• Latin America
o Brazil
o Argentina
o Colombia
• MEA
o South Africa
o Saudi Arabia
o UAE
o Egypt
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