Global Pet Tech Market Overview
According to SPER Market Research, the Global Pet Tech Market is estimated to reach USD 121.53 billion by 2033 with a CAGR of 24.94%.
Pet technology comprises a variety of devices and services addressing various elements of pet care, health, entertainment, and communication. These developments aim to deepen the link between people and animals while also providing pet owners with convenience and peace of mind. Pet technology is changing the way we care for and interact with our pets, from smart feeding systems and GPS trackers to interactive toys and health monitoring equipment. Communication and tracking are two other areas where pet technology has advanced significantly. GPS trackers can be connected to the collar of a pet, allowing owners to track their location in real time. This is especially beneficial for wandering outside cats or dogs. Communication technologies, such as video monitors or pet cameras, allow owners to remotely see, hear, and even speak to their pets, offering reassurance and preserving a connection.
Exploring the Growth Drivers of the Global Pet Tech Industry.
Several important drivers can be associated to the growth of the global pet tech market. first of all, there has been a significant increase in pet ownership, with more households accepting pets into their life. Pet owners are more prepared to invest on items and services that improve their pets' well-being and happiness, as pets are now regarded important parts of the family. Because of the expanding pet population, there is a larger market for pet technology developments. Pet humanization has become a popular trend, resulting in increased spending on pet-related items and services. Pet owners are eager to accept new technology in order to provide the best possible care and quality of life for their pets. This shift in mentality has created a need for pet tech solutions that cater to pet owners' specific requirements and interests.
What challenges does the Global Pet Tech Market face?
Despite its rapid expansion, the global pet tech market confronts many challenges that must be solved for long-term development. One big problem is the variety of dogs and their individual needs. Different species, kinds, and sizes of pets necessitate unique solutions, making it difficult to develop universal items that appeal to all. Manufacturers and developers must invest in research and development to understand the unique needs of distinct pets and manufacture goods accordingly. Another difficulty is the fragmentation and competitiveness in the market. Global pet technology market is seeing an inflow of new players, resulting in a congested market. This competition presents difficulties in product differentiation, pricing, and market penetration. In such a competitive world, establishing a distinct brand identity and effectively marketing products to target consumers becomes critical.
In what ways has the COVID-19 pandemic affected Global Pet Tech Market?
The COVID-19 pandemic has had an impact on the global pet tech market, both positively and negatively. One of the most noticeable effects was an increase in demand for pet technology items. Pet adoptions and pet ownership increased as people were forced to stay at home owing to lockdowns and remote work arrangements. During this period, pet owners explored ways to give companionship, entertainment, and care for their pets, resulting in an increase in demand for pet tech items. As pet owners sought new ways to amuse and monitor their pets while spending more time at home, interactive toys, smart feeders, and health monitors became popular.
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Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Product, By Application, By End User, By Distribution Channel.
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| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
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| Companies Covered | Cleverpet, Dogtra, DOCOVACAY, Felcana, Fitbark, Garmin Ltd, Gopro, IceRobotics, iFetch LLC, Whistle, Others.
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Key Target Audience
- Pet owners
- Pet shops
- Veterinary
Global Pet Tech Market Segmentation:
1. By Type:
- Global Pet Tech Market Value Share and Forecast, By Type, 2023-2033
- GPS
- RFID
- Sensors
- Others
2. By Product:
- Global Pet Tech Market Value Share and Forecast, By Product, 2023-2033
- Entertainment Equipment
- Feeding Equipment
- Monitoring Equipment
- Pet Wearables
- Tracking Equipment
- Others
3. By Application:
- Global Pet Tech Market Value Share and Forecast, By Application, 2023-2033
- Communication & Entertainment
- Pet Healthcare
- Pet Owner Convenience
- Pet Safety
4. By Distribution Channel:
- Global Pet Tech Market Value Share and Forecast, By Distribution Channel, 2023-2033
- Offline
- Online
5. By Region:- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report
- Global Pet Tech Market Size (FY’2023-FY’2033)
- Overview of Global Pet Tech Market
- Segmentation of Global Pet Tech Market By Type (GPS, RFID, Sensors, Others)
- Segmentation of Global Pet Tech Market By Product (Entertainment Equipment, Feeding Equipment, Monitoring Equipment, Pet Wearables, Tracking Equipment, Others)
- Segmentation of Global Pet Tech Market By Application (Communication & Entertainment, Pet Healthcare, Pet Owner Convenience, Pet Safety)
- Segmentation of Global Pet Tech Market By End Use (Commercial, Household)
- Segmentation of Global Pet Tech Market By Distribution Channel (Offline, Online)
- Statistical Snap of Global Pet Tech Market
- Growth Analysis of Global Pet Tech Market
- Problems and Challenges in Global Pet Tech Market
- Competitive Landscape in the Global Pet Tech Market
- Impact of COVID-19 and Demonetization on Global Pet Tech Market
- Details on Recent Investment in Global Pet Tech Market
- Competitive Analysis of Global Pet Tech Market
- Key Players in the Global Pet Tech Market
- SWOT Analysis of Global Pet Tech Market
- Global Pet Tech Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Pet Tech Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Pet Tech Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Pet Tech Market
7. Global Pet Tech Market, By Type (USD Million)
7.1. Global Pet Tech Market Value Share and Forecast, By Type, 2023-2033
7.2. GPS
7.3. RFID
7.4. Sensors
7.5. Others
8. Global Pet Tech Market, By Product (USD Million)
8.1. Global Pet Tech Market Value Share and Forecast, By Product, 2023-2033
8.2. Entertainment Equipment
8.3. Feeding Equipment
8.4. Monitoring Equipment
8.5. Pet Wearables
8.6. Tracking Equipment
8.7. Others
9. Global Pet Tech Market, By Application (USD Million)
9.1. Global Pet Tech Market Value Share and Forecast, By Application, 2023-2033
9.2. Communication & Entertainment
9.3. Pet Healthcare
9.4. Pet Owner Convenience
9.5. Pet Safety
10. Global Pet Tech Market, By End Use (USD Million)
10.1. Global Pet Tech Market Value Share and Forecast, By End Use, 2023-2033
10.2. Commercial
10.3. Household
11. Global Pet Tech Market, By Distribution Channel (USD Million)
11.1. Global Pet Tech Market Value Share and Forecast, By Distribution Channel, 2023-2033
11.2. Offline
11.3. Online
12. Global Pet Tech Market Forecast, 2019-2033 (USD Million)
12.1. Global Pet Tech Market Size and Market Share
13. Global Pet Tech Market, By Type, 2019-2033 (USD Million)
13.1. Global Pet Tech Market Size and Market Share By Type (2019-2026)
13.2. Global Pet Tech Market Size and Market Share By Type (2027-2033)
14. Global Pet Tech Market, By Product, 2019-2033 (USD Million)
14.1. Global Pet Tech Market Size and Market Share By Product (2019-2026)
14.2. Global Pet Tech Market Size and Market Share By Product (2027-2033)
15. Global Pet Tech Market, By Application, 2019-2033 (USD Million)
15.1. Global Pet Tech Market Size and Market Share By Application (2019-2026)
15.2. Global Pet Tech Market Size and Market Share By Application (2027-2033)
16. Global Pet Tech Market, By End Use, 2019-2033 (USD Million)
16.1. Global Pet Tech Market Size and Market Share By End Use (2019-2026)
16.2. Global Pet Tech Market Size and Market Share By End Use (2027-2033)
17. Global Pet Tech Market, By Distribution Channel, 2019-2033 (USD Million)
17.1. Global Pet Tech Market Size and Market Share By Distribution Channel (2019-2026)
17.2. Global Pet Tech Market Size and Market Share By Distribution Channel (2027-2033)
18. Global Pet Tech Market, By Region, 2019-2033 (USD Million)
18.1. Global Pet Tech Market Size and Market Share By Region (2019-2026)
18.2. Global Pet Tech Market Size and Market Share By Region (2027-2033)
18.3. Asia-Pacific
18.3.1. Australia
18.3.2. China
18.3.3. India
18.3.4. Japan
18.3.5. South Korea
18.3.6. Rest of Asia-Pacific
18.4. Europe
18.4.1. France
18.4.2. Germany
18.4.3. Italy
18.4.4. Spain
18.4.5. United Kingdom
18.4.6. Rest of Europe
18.5. Middle East and Africa
18.5.1. Kingdom of Saudi Arabia
18.5.2. United Arab Emirates
18.5.3. Rest of Middle East & Africa
18.6. North America
18.6.1. Canada
18.6.2. Mexico
18.6.3. United States
18.7. Latin America
18.7.1. Argentina
18.7.2. Brazil
18.7.3. Rest of Latin America
19. Company Profile
19.1. Cleverpet
19.1.1. Company details
19.1.2. Financial outlook
19.1.3. Product summary
19.1.4. Recent developments
19.2. Dogtra
19.2.1. Company details
19.2.2. Financial outlook
19.2.3. Product summary
19.2.4. Recent developments
19.3. DOGVACAY
19.3.1. Company details
19.3.2. Financial outlook
19.3.3. Product summary
19.3.4. Recent developments
19.4. Felcana
19.4.1. Company details
19.4.2. Financial outlook
19.4.3. Product summary
19.4.4. Recent developments
19.5. Fitbark
19.5.1. Company details
19.5.2. Financial outlook
19.5.3. Product summary
19.5.4. Recent developments
19.6. Garmin Ltd
19.6.1. Company details
19.6.2. Financial outlook
19.6.3. Product summary
19.6.4. Recent developments
19.7. GoPro
19.7.1. Company details
19.7.2. Financial outlook
19.7.3. Product summary
19.7.4. Recent developments
19.8. IceRobotics
19.8.1. Company details
19.8.2. Financial outlook
19.8.3. Product summary
19.8.4. Recent developments
19.9. iFetch LLC
19.9.1. Company details
19.9.2. Financial outlook
19.9.3. Product summary
19.9.4. Recent developments
19.10. Whistle
19.10.1. Company details
19.10.2. Financial outlook
19.10.3. Product summary
19.10.4. Recent developments
19.11. Others
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. Research Scope