Dog Life Jacket Market Forecast and CAGR
According to the latest research by Fact.MR, dog life jacket market is set to witness steady growth during 2021-2031. Demand for dog life jacket will witness steady recovery in the short term, with an optimistic growth outlook in the long run. Demand for a dog life jacket is estimated to have tremendous growth from the household pet industry where the defence industry will have quite low.
What is Driving Demand for Dog Life Jacket?
In recent years dog owners have been increased rapidly where one household is having at least one dog. Dog owners are spending a large amount on their dogs to keep them safe and healthy. They love and care for their dogs as much as they care for their family members. Dogs are being treated as family members which is why they buy every accessory required for their dog including a life jacket which is boosting the growth of the market.
Dog life jackets are becoming popular among dog owners as they are concern about their dogs. Consumers are very interested in their dog’s jacket which makes their dog calm and helps them to swim well along with them. Dog owners buy multiple jackets with different colours so that they can match a dog’s jacket colour with their dresses on a different day which is why the demand for a dog life jacket is increasing at a rapid rate.
On a very large scale dogs are being used in the defence industry for the last several years to detect different things such as bombs, drugs, scent etc. Dogs require robust k9-training in which a dog life jacket plays a vital role at the time of swimming and other essential tests. Owing to above mention facts, sales of life jackets is going to boost in the coming few years.
Numerous pet centres adopt rigorous training exercises including running, swimming, and strainers which help dogs to be fit and healthy. These activities require lightweight and handy life jackets that help dogs to learn fast and effectively. Pet centers are helping the dog life jacket market to generate a large share of revenues.
Pet Market Recovery Likely to Augment Dog Life Jacket Sales
Pet dog sales around the globe have been impacted by the COVID-19-induced slowdown. This has also had a ripple effect on the dog jacket market owing to which sales declined drastically. Dog life jacket manufacturers may witness hasty growth in the future.
Although lockdown and shelter-at-home guidelines have meant restricted the sales and production of the products. The phase-wise uplifting of lockdown will act the market to improve throughout the assessment period.
The US and Canada Dog's life jacket Market Outlook
The United States is one of the leading consumer and manufacturer of a dog life jacket. The National pet owner survey 2019-2020 conducted by the American Pet Products Association which says that nearly 67% United States household own pets where total dogs are nearly 90 million. On average, every family is having at least one dog.
In Canada, a survey conducted by The Canadian Animal Health Institute (CAHI) resulted that 58% of Canadians own 7.7 million dogs. Canadian dog life jacket market is the fast-evolving market where almost every second dog requires a life jacket to keep them warm in snowfall and other environmental changes.
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Europe Demand Outlook for Dog life jacket
Europe has suffered a lot with covid-19 where countries like Germany, Russia, Italy, Spain, United Kingdom etc. witnessed a massive economic downfall in FY2020. Europe has seen a slight change in the growth of the dog population in households.
A recently published report by the European Pet Food Industry presented that 38% of the European population or 85 million households are owning pets where 77.7 million are dogs. The aforementioned point will lead the dog life jacket market in the assessment period which will generate a million-dollar opportunity.
Who are the Key Manufacturers and Suppliers of Dog Bowl?
Some of the leading manufacturers and suppliers of dog life jacket include
- Pet Life
- Canine Styles
- RC Pet Products
- Ethical Products Inc.
- Silver Paw
- Mungo & Maud
- Ruffwear etc.
are the key players in the industry.
These key player are having a robust presence in the dog life jacket market with an effective supply chain and strong relations with the retailers as well as third party distributors.
An Adaptive Approach to Modern-day Research Needs
Dog Life Jacket 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
Dog Life Jacket Market Segmentation:
- Small 12-24 Pounds
- Medium 24-61 Pounds
- Large 60 - 90 Pounds
- Extra Large 90 - 120 Pounds
- Personal Dog
- K9 Training
- Pet Center
Global Dog life jacket Market, by Distribution Channel
Global Dogs life Jacket Market, by Region
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- 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 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.