Pet Car Seat Protectors Market Forecast and CAGR
According to Fact. MR’s study, the pet car seat protector market is anticipated to witness a substantial growth at a CAGR of 4.7% between 2021 and 2031. The increase can be attributed to the rising pet population and per capita spending on pet accessories. During the first half of the forecast period, demand will be dampened in regions still recovering from the COVID-19, but it will pick up by the end of Q2 2022.
What Is Driving the Demand for Pet Car Seat Protectors?
The need for pet owners to transport their beloved pets safely while on road trips has long been a source of concern. Travelling with a pet is challenging since they become uncomfortable in unfamiliar environments and begin to act erratically. Moreover, pets defecate wherever they choose over extended journeys, disrupting other passengers.
Pet owners are regularly on the lookout for robust, one-of-a-kind travel gear for their pets that are both comfortable and long-lasting, which leads to an increase in willingness to embrace new products or improve existing ones. As a result, demand for pet car seat coverings has increased significantly.
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Key Statistics Supporting the Surge in Pet Car Seat Protectors Demand
Below mentioned points highlights statistics on the global pet population:
- More than 40% of families worldwide own a pet.
- Dogs, with over 30 percent of households owning one, are the most popular animals.
- Almost 70% of households in the USA have pets, with 50% have dogs and 35% have cats.
- Over half the population in Latin America has a pet.
- 73 million houses in China possess a pet, 46% of dogs and 31% of cats.
Pet car seat protectors are required for owners to keep their cars clean and pets protected when travelling. The figures above support the growing pet population and per capita spending on them. This indicates that the demand for these accessories is increasing among pet owners, and thus the company's business is expected to grow at a steady CAGR in the next years.
US Pet Car Seat Protectors Market Outlook
The market for pet car seat protectors continues to be led by the United States. This is due to the large number of pet dogs and the rising per capita expenditure on pet care products and accessories.
Due to the COVID-19-led travel prohibition, pet care accessory sales were subdued in 2020. The country has recovered from COVID-19, and all travel restrictions have been abolished. This has prompted the majority of individuals to venture out and travel to newer areas, something they were unable to accomplish during the previous year.
As of 2020, US was house to nearly 130 million pets. Out of this, over 100 million are dogs and cats. Moreover, over 85 million families own a pet. The number of pet owners are however anticipated to grow at a rapid pace.
Moreover, as per the latest survey conducted by American Pet Products Association, total annual pet care spending exceeded US$ 100 Bn in 2020. Out of this, around US$ 8 Bn is spend on other services and accessories such as pet care seat protectors as well.
Owing to the aforementioned factors, in the year 2022, pet car seat cover purchases from pet owners who are travelling with their pets are expected to climb dramatically, and the country's demand curve continues to rise.
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Europe Pet Car Seat Protectors Market Outlook
88 million families in Europe have animals, or 38% of all households. In the region, the average cost of one domestic animal per household is roughly US$ 327.7.
More than USD 30 billion is generated annually by the pet industry (accessories, food, veterinary services, etc.), while pet accessories and the food industry accounts for over USD 10 billion. The aforementioned figures reveal that people in the area take care of their pets and routinely buy animal care and wellness goods.
This is in addition to the adventure friendly nature of pet owners in Europe who love to venture out with their pets, which in turn is boosting the demand for pet car seat protectors in Europe.
Who Are the Key Manufacturers Pet Car Seat Protectors?
Some of the leading manufacturers of pet car seat protectors include
- Happy Paws Australia
- Plush Paws
- Pet Magasin
- Petbrill among others.
Because the market is fragmented and competitive in nature, vital players in the industry are bolstering their online presence to meet the growing demand from online clients. They're also working with social media celebrities and bloggers to raise awareness about the significance of pet car seat protectors.
The players can use this method to increase brand awareness and promote their items. Because there are so many competitors in the car seat protector business, it suggests that there are few hurdles for new entries and that there is still a place for them.
As a result, entering this industry and releasing a cost-effective and customer-friendly product line can help them win clients quickly during the early stages.
An Adaptive Approach to Modern-day Research Needs
Pet Car Seat Protectors 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
- Oxford fabric
- By Car Type
- 49″ L × 54″ W
- 54″ W x 58″ L
- 60″ W x 64” L
- Rubber Mat
By Sales Channel
- Supermarkets & Hypermarket
- Retailers & Wholesalers
- Other Distribution channels
- Direct Sales
- E-Commerce Sales
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Argentina & Rest of Latin America
- Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
- East Asia
- China, Japan, South Korea
- South Asia
- India, Thailand, Malaysia, Indonesia and Rest of South Asia
- Australia and New Zealand
- Middle East and Africa
- GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa
- North America
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.
NOTE: Although care has been taken to maintain the highest levels of accuracy in reports, recent market/vendor-specific changes may time to reflect in the analysis.
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