Cat Collar Market Forecast and CAGR
In the latest research by Fact.Mr, cat collar market is anticipated to escalate in the forthcoming years. The drivers for the market are the ascent in tendencies of nuclear families, growing awareness about cat’s health and the swift in humanization.
The collar sector's key growth prospects are increased acceptance of technology and smart devices, as well as a rise in disposable income. The invention of a smart coupled pet collar is a trend in the market.
A smart connected pet collar is a system that connects to a mobile phone through Wi-Fi or Bluetooth and gives the owner evidence about their domesticated, such as their position, drill behavior, and more.
Furthermore, rising global awareness of cats health and safety would boost cat collar sales. Cat owners regard their pet as members of their families, and they are investing in sophisticated health tracking systems.
Due to a rise in the prevalence of diseases in cats, smart collars are now fitted with an alarm system that notifies the owner when the cat suffers from seizures. This means that updates are exchanged in real time, allowing cats to receive urgent care. These smart cat collars are designed to continuously detect, monitor, and record the cat's heart rate.
The heart rate monitor is used to track elevated heart rates of some kind. In addition, the temperature sensor and accelerometer are used to record the cat's temperature and position.
What is Driving Demand for Cat Collar Market?
The market for cat collar which is considered as safety product for cats is being driven by key factors such as consumers paying more attention to cats welfare and spending more money on cats.
In comparison to historical periods, the existence of a large working population across countries has expanded the range of accessible and efficient pet products.
Since pet owners don't have enough time or resources to devote to their pets during the day, keeping an eye on them to ensure they don't lick or bite anyone is helping to boost demand for inflatable pet collars.
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U.S and China Collar Market Interpretation
According to a geographical point of view, U.S shows dominance in the cat collar market due to the increase in the number of cat owner families.
According to the American Pet Products Association, around 42.7 Million houses in the U.S have a cat as their pet animal. On the other hand China is reported to have 67 million pet cats.
The demand in U.S and China is led by increasing concerns about the pets, integration of smart home technologies which provide an opportunity to the smart cat collar market.
The increasing awareness in developed countries about the cat wearable’s and the ability to treat behavioral problems in children is escalating the global cat collar demand.
China and U.S accounts for 2/3 of the market due to the increased market penetration of smartphones and mapping applications, as well as the increasing need to monitor the real-time location of pets, demand for GPS integrated pet wearable devices has increased significantly in recent years.
The Middle East and Africa Demand Outlook for Cat Collar Market
The Middle East and Africa holds an significant share in the cat collar market. It is estimated that pet cat requirements generates approximately 55% of the revenue in pet care services.
Egypt in Middle East and Africa has the highest number of cat as pet animals due to traditional believes. In MEA pet cats outnumber pet dogs by 10- to -1. This is increasing the sales in this region.
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During the forecast era, the retail segment will retain its leadership role.
Based on the studies retail segment accounts for the largest share in the forecast years due to the easy accessibility and customer behavior. Many people choose to purchase goods in physical stores so they can touch, test, and feel the product before purchasing it. These are the factors that have enticed customers to shop in brick-and-mortar stores, especially pet specialty stores.
Retailers have been able to build a strong brand value and a unique experience for consumers using conventional brick and mortar stores. The ability to compare prices and product attributes, as well as the availability of a wide range of products offered by different brands, are some of the factors expected to boost segment growth.
Has Pandemic Given Boost to Pet Adoption Rate?
Because of the precautionary steps taken by governments and other authorities, pet walking is limited, resulting in a drop in demand for smart connected pet collars on the market.
Manufacturing, on the other hand, has come to a halt as a result of the novel corona virus outbreak. Furthermore, the supply chain has been disrupted. Furthermore, only necessary pet supplies are permitted to be sold on the market.
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Who are the Key Manufacturers and Suppliers of Cat Collar Market?
The leading manufacturer of cat collar market is
- Acorn Pet Products
- SCOLLAR Inc.
- Eureka Technology Partners
- LINK AKC
- KYON AG and Tractive GmbH.
The leading manufacturers are investing in the development of smart connected collars.
The collaboration between the leading, manufacturers and startups to increase sales and gain a strong foothold in key markets such as North America and Europe.
Also, major cat collar manufacturers are forming alliances with technology companies in order to provide their customers with better and safer products and services. Session report development, application support and maintenance, and user interface upgrade are all included in our services.
Cat Collar Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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By Product Type
- Radio Based
- GPS Based
- Bluetooth Based
- Prevention from flea and ticks
By Sales Channel
- Super Market / Hyper Market
- Brands Stores
- Retail Stores
- Online Sales
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Australia and New Zealand (ANZ)
- Greater China
- Asia Pacific excluding Japan
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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