Global Inflatable Pet Collar Market - 2020-2027
Inflatable pet collar is designed to protect pets from rashes, injuries and post-surgery wounds as well as to provide comfort for the pet while sleeping. The inflatable collar helps to prevent pets from biting & licking their injured area surgical site, promote recovering from surgery and wounds.
The collars have adjustable strap for a perfect fit and put the strap side at the back of pet’s neck in case of biting. The inflatable collar has certain benefits includes durable & stable, soft, washable, and provides protection for the pets against any wound or injuries happened. The global inflatable pet collar market valued USD XX million in 2019 and it is expected to grow at a CAGR of XX% to reach USD XX million by 2027.
Rising demand for pet care products and devices due to surge in the number of pet owners as well as rising the consumers spending on the pet’s welfare and safety products around the globe are driving the global inflatable pet collars market. According to the American Pet Products Association (APPA), in the United States the vet care & product sales including the pet accessories like inflatable collar sale in the United States has reached to around US$ 29.3 billion in the 2019.
There is rise in the advanced technology for inflatable collar using the smart LED lights with a clips and trackers for the safety of the pets have created huge opportunity for this market. For instance on 24th March 2016, Kyon based in Athens, Greece, launched an all-in-one pet collar with additional pet tracker, designed to let owners communicate with their pets. The company also held Kickstarter campaign to attract the consumers and to support the Kyon collar into production.
Global inflatable pet collar is segmented into pet type, distribution channel, price and region.
Based on the pet type, the global inflatable pet collar market is segmented into dogs cats and others. Among this dogs have the highest share in 2019, this is primarily due to rising the number of dog owners for safety reason and surge in the consumers spending on the safety of the dogs around the world.
According to the Insurance Institute Information Organization, in the United States there are around 63.2 million household has dog as pet in 2019 compare to 42.7 million cats in the same year. Further cats segment is also growing at faster pace owing to surge in the demand for the inflatable pet collars to the cat owners around the globe.
Based on distribution channel, the global inflatable pet collar market is segmented into e-commerce, pet shop, supermarket/hypermarket and others. Among this pet shop segment is growing at fastest pace owing to raising the number of pet accessories stores and surge in the number of pet ownerships day bay day around the globe.
According to Human Society Organization, in the United States around 47% of household’s families has at least one dog as pet and about 46% owner has a cat. It created massive demand for the pet accessories like inflatable pet collar, pet toys etc. Similarly, e-commerce, Supermarket/hypermarket segments are also growing at fastest pace owing to increasing demand for the inflatable pet collar market owing to surge in number of products sale on the E-commerce websites like Amazon, Flipkart, AliExpress, etc. along with company’s websites.
Depending upon the price, the global inflatable pet accessories market is divided into premium/luxury products and mass products. Among this mass products has the highest share in 2019, this is due to increasing the consumers spending of the people for the pet accessories and other products.
Similarly, the premium/luxury product segment also growing at fastest pace owing to rising the usage of advanced technology in the inflatable pet collar products. For instance the leading companies have added LED smart lights, tracking systems in the collar of the pets which created huge demand for this segment.
On the basis of end-user the global inflatable market is classified into pet owners, pet hospitals and clinics, pet friendly hotels and others. Among this pet owners segment has the highest share in 2019, this is primarily due to rising the demand for the pet accessories with increasing the number of pet owners annually.
Similarly, pet hospitals and clinics, pet friendly hotels segments are also growing at fastest pace owing to increase in the incidence of the pet injuries and surge in the number of pet friendly hotels around the globe.
By region, the Inflatable pet collar market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East and Africa. North America is dominating inflatable pet collar market owing to surge in the number of household pet owners and increasing consumers spending for the safety of the pets in this region.
According to the APPA organization, in the United States of America, the people spent more than US$ 95.7 billion on pet’s accessories, safety products such as belts, inflatable collars and many more in 2019. Further Europe is the second largest region for the growth of the inflatable pet collar market owing to surge in number of household pet owners and rising the consumers spending on the pet products, accessories and services.
According to the European Pet Food Industry Federation (FEDIAF) in 2017, around 80 million household have one or more pet that may be cat or dog, and the pet’s accessories owners buy include inflatable pet collars, pet toys etc. Emerging countries like China, India and Japan are also growing at fastest pace owing to rising the consumers spending and income.
Key players operating in the market are Well & Good, MorTime, Aopuwoner, PetAZ, ONG Company, Holysteed, REMEDY+RECOVERY, Acorn Pet Products, QBLEEV, Warmpet Fancar and among others. The rising consumer’s awareness towards safety of the pets and surge in the advanced technology adoption by the people with pets has created huge opportunity for this market.
For instance on 25th Feb 2020, PetSafe Company brand launched eight new products at 2020 Global Pet Expo held in Orlando, Florida, US. The launched products include new interactive Bark Collar with waterproof and dog’s barking detection system, toys, bed ramp, seatbelt tether; a water-resistant zipper pouch for storing essentials during adventures and many more.
Companies are entering into the collaborations, acquisitions, mergers, and licensing for increasing their market penetration. For instance on 4th June 2020, the Company Manna Pro acquired Hero Pet Brands for increasing the category in companion pet care and wellness. This acquisition enhanced the product portfolio related to the pet accessories and created new sales channels with excellent innovation.
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