Pet Grooming & Boarding in the US - Industry Market Research Report
Description
Pet Grooming & Boarding in the US
More than ever, households see their pets as an integral part of the family. This, combined with a rising pet ownership rate, has boosted spending on pet care services, including the Pet Grooming and Boarding industry. Companies in this industry provide grooming and boarding, among other pet services outside of regular veterinary care. In recent years, the broader pet care sector has flourished as pet owners sought out the best for their pets. This has materialized in this industry through newer services like high-end boarding and luxury grooming packages. The industry's growth trajectory was disrupted by the COVID-19 pandemic, as work-from-home settings and travel restrictions left pet owners at home more than ever before, leading revenue to fall for the first time in more than two decades. However, an unprecedented spike in pet ownership during the pandemic has shifted the industry's landscape, with demand for pet grooming and boarding outpacing supply in a post-COVID-19 environment. In all, revenue is projected to expand an annualized 2.8% to $11.8 billion over the five years to 2023.
This industry provides pet care services, such as boarding, grooming and training. Adoption and shelter services and end-of-life pet care are also included in this industry. Companies that predominantly retail products, board horses, transport pets or practice veterinary medicine are excluded.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
More than ever, households see their pets as an integral part of the family. This, combined with a rising pet ownership rate, has boosted spending on pet care services, including the Pet Grooming and Boarding industry. Companies in this industry provide grooming and boarding, among other pet services outside of regular veterinary care. In recent years, the broader pet care sector has flourished as pet owners sought out the best for their pets. This has materialized in this industry through newer services like high-end boarding and luxury grooming packages. The industry's growth trajectory was disrupted by the COVID-19 pandemic, as work-from-home settings and travel restrictions left pet owners at home more than ever before, leading revenue to fall for the first time in more than two decades. However, an unprecedented spike in pet ownership during the pandemic has shifted the industry's landscape, with demand for pet grooming and boarding outpacing supply in a post-COVID-19 environment. In all, revenue is projected to expand an annualized 2.8% to $11.8 billion over the five years to 2023.
This industry provides pet care services, such as boarding, grooming and training. Adoption and shelter services and end-of-life pet care are also included in this industry. Companies that predominantly retail products, board horses, transport pets or practice veterinary medicine are excluded.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
44 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
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Pricing
Currency Rates
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