Dog Seat Belt Market Forecast and CAGR
According to latest research by Fact.MR, dog seat belt market is set to witness moderate growth during 2021-2031. Demand for dog seat belt witness steady recovery in short-term, with optimistic growth outlook in the long-run.
Introduction of various design according to the comfort and safety of dog to drive demand for dog seat belt market during forecast period.
What is Driving Demand for Dog Seat Belt Market?
The enhancement of safety systems and increasing adaption of people towards advanced products is facilitating the demand for the dog seat belt. The diversification of dog seat belt according to pet size and comfort is escalating the demand and boosting the market growth.
There are numerous advantages of dog seat belts such as it prevents ejection of the dog during accidents, help in non-collision of dog and human as a restrained dog cannot collide, avoids dog loss if the door is open. These all factors boost the market growth in the forecast years as pets are considered as a part of the family and any harm to them may cause mental stress.
The availability of a dog seat belt with a chest plate gives assurance to the owner of dog safety during the time of high jerks and sudden breaks reducing the chances of any harm to the pet. A padded chest plate provides comfort to the dog while a seat belt is put on giving extra support to the body.
As dog owners become more mindful of the welfare of their pets, the market is gaining traction. As awareness grows and accessibility of products become increase, the global dog seat belt market is expected to expand.
Global Dog Deat Belt Barket Viewpoint
The major region include are North America, Latin America, Europe, East Asia, South Asia and the Middle East and Asia. Among which North America holds the largest chunk of the market which is followed by Europe and Asia pacific over the recent and forecast years. The demand for dog seat belt is high in this region due to preferences of the dog as a pet animal and increased spending on pet care.
The average spending in North America on pet care accounts for US $ of 139.7 monthly while the average spending in Europe is the US $ 327 annually on pet care. Europe generates around the US $ 30 billion revenue from pet care products.
MEA and Latin America hold the least share of the market due to less per-capita spending. The rise in the MEA and Latin America market can be seen due to the opening of new startups providing economic products to the consumer.
US and Canada Bog Beat Belt Market Mutlook
The US accounts for the largest share in a dog seat belt. This is according to American Pet Products Association over 68% of household in the U.S have owned a pet out of which 90 million are a dog. Similar statistics are being observed in Canada having 7.7 million dogs as a pet animal.
When comparing product demand in the United States and Canada, the United States has nearly 10 times the number of dogs as a pet population, resulting in higher demand in the United States in the coming years.
The average spending of US $ 631 is ben recorded for care in Canada. Because of the high purchasing power of the US and Canadian populations, North America is projected to hold the largest share of the dog seat belt market.
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Europe Demand Outlook of Dog Seat Belt
Europe is among the leading producer of pet care products in which the U.K and Germany account for a 4.9% share of the global pet care product market 2020.
In 2019, 85 million households in Europe have at least one animal as a pet of which 68.5 million were dogs. The increasing acceptance of dog accident care product in the U.K, Germany and other parts of Europe is helping Europe to have a large share in the market.
Russia is having one of the dynamic markets for pet care products in the world but the dog seat belt market value is expected to decline due to social distancing precautions and government restriction on retail purchase. In recent year Russian pet care market was invaded by non- Speciality players like Four Paws, Petshop and Bethowen having expert pet care products giving a new image to the pet care market in Russia.
Pandemic Effect on the Demand of Dog Seat Belt
COVID-19 has a major impact on the sales of a dog seat belt. The negative impact on the supply of products hampered the market’s supply-demand equilibrium. The manufacturing industry's operations were slowed around the world, resulting in a major drop in annual sales.
The spike in the number of cases in the past few months have hardened the guidelines causing a major impact on the growth of the market. Due to the restriction by the government and lockdown imposed across the globe, dog owners cannot take their pets out, which reduced the demand for the product. The pandemic's long-term consequences resulted in a recession. The non-essential commodity suffered the most, even though pet food was trading down.
An Adaptive Approach to Modern-day Research Needs
Who are the key Manufacturers of Dog Seat Belt?
The leading manufacturer of the dog seat belt market are
- Wuhan Good Pets Pet Products Co., Ltd
- MoGo Pet Co. Limited
- Artisan Mfg.Limited
- Ningbo Easyget Co. Ltd
- Quanzhou Best Bags Co. Ltd.
- Hangzhou Carex Co., Ltd
- Mighty Paw
- Dongguan Bekizo Industrial Co. Ltd.
The dog seat belt market is consolidated having only a few market players. Market leaders are continuously investing in the development of product and the expansion of their product portfolio by inorganic or organic growth strategies. For example, Mighty Paw has recently launched a safety belt for dogs that has an adjustable headrest loop that can fit any type of vehicle making it easier for the owner to carry their dogs.
Dog Seat Belt 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
Interested to Procure The Data
- Sponge padded
- Non Sponge padded
- 15 -20 inch
- 20 -22 inch
- 22-30 inch
- 20-32 inch
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Australia and New Zealand (ANZ)
- Greater China
- 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 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.