The “Pet Wearable Market” research report 2019-2024 focuses on the major drivers, restraints, opportunities and threats for key players. It also provides granular analysis of market share, segmentation, revenue forecasts and regional analysis till 2024. The report has opinions from industry experts and offers an overview of the past years and the current market situation. Pet Wearable market report gives an overview of related market containing types, applications and top manufacturers with characteristics, technology and market chain with analysis and latest market trends and development.
Pet Wearable Market Report Covers the Following: –
- The report covers forecast and analysis for the market on a global and regional level.
- The report includes the drivers and the restraints that affect the growth of the market.
- The report discusses detailed information about the market opportunities.
- The market is segmented on the basis of product and end-user industry
- The key target audience for the market has been determined in the report.
- The revenue generated by the prominent industry players has been analyzed in the report.
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Key Market Trends:
Identification and Tracking Segment, by Application, is Expected to Hold the Largest Market Share
The identification and tracking segment of the pet wearable market is expected to register the largest market share over the forecast period, and is likely to record a CAGR of 10.34%.
One of the most common uses of pet wearables, such as smart collars, is tracking the whereabouts of pet animals using GPS. With the help of wearables, not only can the owners track their pets, but the devices also help other people identify pets that have strayed off and return them to their rightful owners. Owners can track the location of their pets and identify them easily within limited time, just by using their smartphones.
According to the American Humane Association, it is estimated that 10 million dogs and cats go missing or are stolen in the United States alone, each year. One in three pets is likely to become lost at some point during its life. Hence, with wearables, such as the GPS tracking device, the chances of a pet getting lost or stolen may reduce drastically. All such factors are driving the market, and are helping in the increasing usage and adoption of pet wearables by the owners, especially in the western countries.
North America Dominates the Market and is Expected to Follow the Same Trend in the Forecast Period
North America currently dominates the pet wearable market and is expected to continue its stronghold for a few more years. The United States is expected to retain its significant market share in the pet wearable market over the forecast period, owing to the growing adoption of companion animals, high disposable income, and increasing per capita animal healthcare expenditure. The rise in awareness about pet health among pet owners, the increase in product innovation, sophisticated technology, and a high percentage of tech-savvy owners are some other significant factors driving the growth of the US pet wearable market.
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Pet Wearable Market Report Highlights:
- Comprehensive pricing analysis on the basis of product, application, and regional segments
- The detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the Pet Wearable market
- Deep insights about regulatory and investment scenarios of the Pet Wearable market
- Analysis of market effect factors and their impact on the forecast and outlook of the Pet Wearable market
- A roadmap of growth opportunities available in the Pet Wearable market with the identification of key factors
- The exhaustive analysis of various trends of the Pet Wearable market to help identify market developments
Detailed TOC of Pet Wearable Market Report 2019-2024:
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increase in Awareness about Pet’s Physical and Mental Fitness
4.2.2 Increasing Adoption of IoT
4.2.3 Growth in Demand for Pet Monitoring
4.2.4 Technological Advancements
4.3 Market Restraints
4.3.1 Battery Life Issues of Devices
4.3.2 High Cost of Products
4.4 Porter’s Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Product
5.1.1 Smart Collar
5.1.2 Smart Camera
5.1.3 Smart Harness and Vest
5.2 By Technology
5.2.4 Other Technologies
5.3 By Application
5.3.1 Identification and Tracking
5.3.2 Monitoring and Control
5.3.3 Medical Diagnosis and Treatment
5.3.4 Facilitation, Safety, and Security
5.4 By Animal Type
5.5.1 North America
220.127.116.11 Rest of Europe
18.104.22.168 South Korea
22.214.171.124 Rest of Asia-Pacific
5.5.4 Middle East & Africa
126.96.36.199 South Africa
188.8.131.52 Rest of Middle East & Africa
5.5.5 South America
184.108.40.206 Rest of South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Binatone Global
6.1.2 Cybortra Technology Co. Ltd
6.1.3 FitBark Inc.
6.1.4 Garmin Ltd
6.1.6 Loc8tor Ltd
6.1.8 PetPace Ltd
6.1.9 Mars Incorporated (Whistle Labs Inc.)
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Name: Ajay More
Phone: US +14242530807/ UK +44 20 3239 8187
Email: [email protected]
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