Global Pet Wearable Market 2023-2027
The pet wearable market is forecasted to grow by USD 2167.48 mn during 2022-2027, accelerating at a CAGR of 13.66% during the forecast period. The report on the pet wearable market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growing pet industry, product innovation and launch, and the rising pet owner population.
Technavio's pet wearable market is segmented as below:
- Smart collar
- Smart camera
- Smart harness and vest
- Identification and tracking
- Monitoring and control
- Medical diagnosis and treatment
- Facilitation/safety and security
- North America
- Middle East and Africa
- South America
This study identifies the robust growth of e-commerce and online sales as one of the prime reasons driving the pet wearable market growth during the next few years. Also, the growing popularity of customization in pet products and increased spending on pet products will lead to sizable demand in the market.
The report on the pet wearable market covers the following areas:
- Pet wearable market sizing
- Pet wearable market forecast
- Pet wearable market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading pet wearable market vendors that include Avid Identification Systems Inc., Barking Labs Corp., Datamars SA, Dogtra Co., Felcana, FitBark Inc., Garmin Ltd., GoPro Inc., Loc8tor Ltd., Mars Inc., Merck and Co. Inc., NUM AXES , Pet Valu Canada Inc., PetPace, Protect Animals With Satellites LLC, SCOLLAR Inc., Smart Tracking Technologies LLC, Tractive GmbH, Vandrico Solutions Inc., and Wagz Inc.. Also, the pet wearable market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.