Global Wireless Dog Fence Market forecast and CAGR
From the latest research by Fact.MR, the global wireless dog fence market is anticipated to witness growth in the upcoming years 2021-2031. The demand for wireless dog fence is estimated to grow within the short term having an optimistic growth outlook in the long run. The wireless dog fence market is expected to grow with high CAGR in the forthcoming years.
The introduction of wireless fence creates a safety zone for the dogs restricting them to the area such as pools, outside the courtyards and on flower beds.
Driving factors for Wireless Dog Fence Market
Dogs are the most preferred pet animal all around the globe which is the reason for the invention of multiple products related to dogs. Different behavioral patterns of dogs lead to the demand for various types of fences.
Higher spending on pet protection and the increasing number of animal accidents have made owners spend on pet protection and welfare. Wireless dog fence has numerous beneficial properties as compared to the traditional wood fence one of which is as these fences have inbuilt alert system preventing dog to go out of boundaries.
Installation of wood fences causing digging in the garden decreasing their appeal, apparently the wood fences deteriorate with the passage of time. Thus increasing the installation and maintenance cost.
The increase in disposable income is a contributing factor to market growth. With the higher disposable income, pet owners are asking for advanced products for their pet safety. With the above factor, the wireless dog fence is likely to grow to capture a huge demand in approaching years.
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Global Wireless Dog Fence market outlook
North America, Latin America, Europe, East Asia, South Asia and the Middle East and Africa are the prominent regions. Among them, North America grabs the largest portion of the market due to the rise in the number of dog population in the past few years, alarming the dog owner to protect their pet from street dogs. The US holds the largest dog population in the world with 76,811,305 dogs reported in the year 2020.
Succeeding North America is East Asia and Europe holding 2nd and 3rd position in dog’s population respectively. The demand in East Asia is expected to increase due to imitation of the western lifestyle. Europe, on the other hand, has seen a significant rise in the number of pet care service start-up companies due to the increased demand for pet care products.
The Middle East and Africa and Latin America have grabbed the lowest share of the wireless dog fence market due to poor infrastructural facilities and less spending on animal care products.
U.S and Canada wireless dog fence market position
The adoption rate of pets in the United States has increased dramatically, with dogs being the most popular choice. Around 53% of American household have the dog as their pet animal.
According to the American Pet Products Association, over 68 percent of American households own a pet, with 90 million of those being dogs. Similar numbers can be found in Canada, which has 7.7 million dogs as pets. With such a high adoption rate, a wireless pet fence has become a major requirement, fueling the market for wireless dog fences.
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China demand for wireless dog fence market
The growing attitude towards dogs among young people in China is boosting the demand for dog care products. China pet care industry is estimated to hold the value of US $ 221 billion in the forecast years.
The rise in annual spending on pet care is improving the living standards of a pet in China. But the rise in the number of the dog meat trade in the country is encouraging dog owner to invest in dog safety. According to estimation, around 10 million dogs are killed every year for the dog meat trade.
COVID-19 impact on wireless dog fence sales
COVID-19 wreaked chaos on the global economics of the world, affecting all markets and countries. The wireless dog fence market agonized a setback due to the halt of incomplete production services. Regardless of the impact on the pet industries the wireless fence market is expected to rise with the uplifting of industrial operations.
During the COVID-19 the market was affected from the supply side due to the closure of industries and reduction of workforce. The shutdown of manufacturing units as a result of government guidelines lasted for a long period of time this resulted in a severe economic breakdown among the emerging market players forcing them to negotiate with the product quality.
However, the demand for the wireless fence was high during this period as a preventive measure restricting the dog to go beyond a limit preventing the spread of the virus from a pet coming in contact with unwanted things
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Key manufacturers of wireless dog fence market
The wireless dog fence market is consolidated resulting in few market players globally and regionally. The key players for the market are
- Canine Company
- Invisible Fence
- Dog Guard
- eXtreme Dog Fence
- PetSafe Wireless System
The key players are focusing on the production of compact size, light collar for the dog to make it easily wearable and reducing the chances of injuries to the pet. Recently Invisible Fence Inc. has introduced its Boundary Plus Smart™ System which is providing real time notification about the pet position and security. The launch of new product in the market is creating competition in the market.
Manufacturers are aggressively working to gain a significant share of the market by using both organic and inorganic growth strategies. The acquisition, product launch and collaboration are the key goal to enhance the product portfolio.
Wireless Dog Fence 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
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On the basis of place of utilization
On the basis of installation area
On the basis of Sales Channel
- Super Market / Hyper Market
- Brands Stores
- Retail Stores
- Online Sales
On the basis of region
- 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.
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