Analysis of Pet Carrier market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
According to the latest research by Fact.MR, Demand for Pet Carrier will witness a steady growth with an positive growth outlook during the assessment period 2021-2031 .Pet humanization, as well as factors like consumers' increased affinity for their pets, inclination to spend on pet premium products, and escalating sanitation and safety concerns, are set to propel demand for Pet carriers
Pet carriers are of different types like Crates that resembles a kennel they have an opening in the front with a proper locking system to prevent pet from escaping, Cages they are available in different sizes and ensure that the pet to breathe freely while enjoying a proper view, Backpack Carriers have different comfortable compartments, while Purse Carrier are usually designed for small pets, Wheeled carriers t are backpacks with wheels and make carrying heavy pets easier.
Pet Carriers are movable boxes which help in movement of animals like cat, dogs, and pigs from one place to another. There is surge in demand of pet carriers in background of growing awareness of pet security and comfort, Increase in number of consumers accompanying their pets to work or travel. Key Manufacturers are in the processes of getting approval from different airlines, for producing pet carriers in accordance with rules, regulations and requirements of airline, this pre-approval will allow pet owners to carry their pet this in turn is expected to generate more opportunities in pet industry.
Major factors responsible for the rise in pet carriers is increased dependency on pets for companionship, positive impact on physical and emotional development, pets are treated childlike and so consumers specifically millennials are willing to spend more on pet accessories like pet beds, shampoos, food, accessories.
People have started to carry their pets as they travel and work as a result pet-carriers are in demand. Key players are utilizing this opportunity by offering innovative, multi-functionality, decorative carriers.
Because consumers are unlikely to shop from offline stores, the online distribution channel is expected ring in maximum revenue in the forecasted timeframe. And so Online vendors and e-commerce platforms are projected to witness unprecedented growth.
The pandemic had resulted in a nationwide curfew, resulting in a significant reduction in non-essential commodity purchases. Because all travel around the world was halted owing to the COVID-19 epidemic, the pet carrier business suffered a significant drop.
Internet sales of pet furniture soared during Covid-19, as consumers were compelled to cut back on their shopping trips due to the lockdown limitations. In the beginning, the sector suffered logistically and demand uncertainty, but as the situation is coming back to normalcy and pet adoptions surged over the period new pet owners wanted their pets to feel at ease in their new homes, the industry is slowly and steadily reviving from the losses.
People have relied on pets for happiness and emotional security through difficult times. This increased the sales of pet products like furniture, accessories shampoos, which in turn will have a positive impact on pet carrier market. There is a huge opportunity for manufacturers and suppliers to encash this market.
Pet carriers are becoming increasingly popular, particularly among US consumers, due to the relative ease they provide when travelling. Manufacturers in the North American area have a better opportunity of launching high-quality products due to high customer emphasis on premium pet accessories. Due to rapid expansion and increase in disposable income, the market in Asia Pacific is expected to grow rapidly over the forecast period, resulting in increased consumer spending on pet-related products such as various accessories, including pet carriers.
APPA 2021-2022 national pet owner’s survey estimates 70% of families possess at least one pet and Millennials remain the largest sector of US pet owners. Pets are considered to be part of the family and consumers are ready to splurge hefty for pet products which in turn will increase demand of pet carriers.
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Some of the key players in these industry are
and some more are World wise, Pet Gear, Coastal Pet, Sturdi Products, Less Trading Corp, Petsfit Ibiyaya, Gen 7, PET LIFE.
These market players are offering a range of innovative pet carriers in order to capitalize on rising customer preferences and expectations for canine comfort. To get an edge in the industry, they are combining expansion tactics and investing in R&D.
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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.
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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Pet carrier market is valued at US$ 659.11 Bn.
Pet carrier market is estimated to grow at CAGR of 5.1% during the forecast period.
Manufacturers will find most opportunities in the North America.
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