Rabbit Hutches Market Overview
As per the latest research study by Fact.MR on rabbit hutches, the market is anticipated to behold an upsurge in demand growing at a CAGR of 5% during 2021-2031. Sales of rabbit hutches are set to gain moderate traction in the short run and maintain the same pace over the long run. Hindering effect on sales is observed owing to the guidelines set by animal welfare organizations for adopting rabbit as a pet, however, the demand is set to witness a positive rise owing to the increased spending on rabbit product expenditure.
What are the Factors Driving the Demand for Rabbit Hutches?
Rabbits have overshadowed hamsters as the most common small pet, according to a survey conducted by the American Pet Products Manufacturing Association. After cats and dogs, they are the third most common domestic mammal as a result of this factor. Consequently, rabbit population is increasing, resulting in an inventory gap for rabbit storage, which in turn raises demand for rabbit hutches.
Male rabbits ambush each other after reaching puberty, while female rabbits are usually shy and non-aggressive. As a result, pet owners and rabbit breeders ought to have hutches on hand so that they can distinguish between male and female rabbits and prevent them from injuring themselves. This is a primary demand force for rabbit hutches, and it has a significant effect on the market.
Another important driving force in the rabbit hatches industry is the increase in spending power. Pet owners with more disposable resources are more likely to consider purchasing rabbit hutches and certain other pet care equipment and accessories. These products are expected to be in great supply during the projection period as a result of this factor.
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Rabbit Hutches Market: Regional Outlook
The Americas and Europe are expected to make up majority of the market share in terms of rabbit hutch sales revenue. When related to the rest of the world, these regions do have a lot of rabbits as pets. In addition, these regions are expected to have another spike in the adoption rate of pets, with rabbits being the most common pick in the small animal category.
Pet adoption rates remain rising in regions like East Asia and Oceania, directly competing to be in high demand. Tacitly, the growing industry remains to be boosted by increasing spending on pet accessories by millennials following the trend.
In the Middle East and Africa, a clear interface of pet health and well-being is driving demand. Furthermore, the area's urban sprawl encourages business development. Rabbits have become extremely prevalent in Asia-Pacific because they are small mammals that need minimal care, making them a good choice for single or working people.
Impact of COVID-19 on Rabbit Hutches
The COVID-19 epidemic wreaked havoc on global and regional economies, affecting nearly every sector and region. Erratic conditions, such as a halt in overall production and services, triggered a setback in the rabbit hutches industry. Despite understanding the true impact on the global pet accessory market, these disruptions are likely to be close to the end and fade as the industry rebounds.
Policymakers adopted lockout rules as a result of the COVID-19 virus, forcing countless residents to stay at home. As a result of this shift, there was a decline in demand for rabbit hutches, which harmed consumer demand. The product market is anticipated to expand in the post-COVID scenario owing to the increased adoption rate of rabbits.
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Who are the Key Manufacturers and Suppliers of Rabbit Hutches?
Some of the leading manufacturers and suppliers of rabbit hutches include
- Trixie Pet Products
- CO-Z Topnotch
- Merry Products
- Shouguang Yamazon Home Materials Co. Ltd.
- Xiamen Hairong Wood Co., Ltd.
- H&P Technology Limited
- Fujian Ningde Shunda Wood Co. Ltd
- Ningbo Two Birds Industry Co. Ltd.
- many others.
Manufacturers are aggressively working to gain a leading position by using both organic and inorganic growth strategies. The key aim of prominent stakeholders ought to introduce new products, align with others, procure new businesses, and optimize their online marketing and sales channels.
Rabbit Hutches Market Report Highlights:
- Detailed overview of the 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
An Adaptive Approach to Modern-day Research Needs
By Usage Environment
- Indoor Use
- Outdoor Use
- Single Compartment
- Double Compartment
- Triple Compartment
- > 3 Compartments
- One Storied
- Two Storied
- More than 3 Storied
By Sales Channel
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- East Asia
- South Korea
- South Asia & Oceania
- New Zealand
- Rest of South Asia & Oceania
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of Middle East and 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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