Pet Boarding Market By Pet Type (Dog, Cat, Others), By Services (Group Play Sessions, Exercise, Poolside Daycare, Pet Sitting, Others): Global Opportunity Analysis and Industry Forecast, 2021-2030
The pet boarding market size was valued at $19,452.7 million in 2021, and is estimated to reach $ 35,831.5 million by 2031, registering a CAGR of 6.4% from 2022 to 2031.
There are various places to adopt a pet, including public and private animal shelters that are animal control, city, and county animal shelters, that are mostly run by police and health department. Animals may also be adopted from a rescue organization, where pets are fostered in a home or a private boarding facility. These organizations are usually run by volunteers and animals are viewed during local adoption events that are held at different locations, such as a pet store. The COVID-19 pandemic led to uncertainty and severe health and economic concerns. Studies indicated that owning a companion animal, such as a dog or cat, has benefits for good mental health.Interactions with animals may help with depression and anxiety, particularly under stress-prone conditions. Human-animal interactions may even improve peer-to-peer social relationships, as well as enhance feelings of respect, trust, and empathy between people. Such factors are expected to growth of the global pet boarding market.
Many people have sought the comfort, reassurance, and unconditional love of furry, four-legged companions to help get them through the pandemic. COVID accelerated growth in pet ownership. Greater emphasis on emotional wellbeing and a growing understanding of extraordinary power of pets to increase levels of feel-good chemical oxytocin and lower levels of stress hormone cortisol also plays a major role in the market growth. Also, the rise in nuclear families and single people propel growth of pet ownership across the globe. Furthermore, the rise in social sentiment regarding animal welfare and increase in trends of pet ownership as a human companion also propel the market growth. The pet boarding services include non-medical services such as bathing and grooming, pet sitting or boarding, obedience training, and pet health insurance. All these factors are expected to boost the market growth during the forecast period.Increase in spending of people on different kinds of pet care-related services such as pet food, grooming, and training is expected to favor the market growth. According to data presented by the Pet Food Industry Association of Australia, in 2019, spending on pet veteran-related pet services reached $ 2.6 billion, up from $ 2.2 billion in 2016.
Popularity of pet fashion and pet training among pet owners is expected to have a positive impact on the market and contribute toward its growth. Some pet owners, especially affluent ones, are very particular about representing their lifestyles by spending on comfortable and luxurious products and services for their pets. This is encouraging many market competitors to launch numerous services in grooming, training, and social activities. Pet services include pet sitting, pet grooming, pet traveling, pet training, pet hotels, and customized subscription boxes for the pet. Hence, all such factors propel the market growth.
The pet boarding market is segmented on the basis of pet type, service, and region. On the basis of pet type, the market is categorized into dogs, cats, and others. By service it is segregated into group play sessions, exercise, poolside daycare, pet sitting, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, the Netherlands, and The rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, India, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Egypt, South Africa, the United Arab Emirates, and rest of LAMEA).
Key players in the global market have adopted a variety of development services to grow their market share, boost their profitability and stay competitive. Key players profiled in this report include Carey Petcare and Homecare, Best Friends Pet Care Inc., Camp Bow Wow, Dogtopia, Royvon, Barkefellers, Country Paws Boarding, Puss 'N' Boots Boarding Cattery, Urban Tails Pet Resort, and Pet Station Kennels & Cattery
Key benefits for stakeholders
The study provides an in-depth analysis of the global pet boarding market along with the current and future trends to elucidate the imminent investment pockets in the market.
Current and future trends are outlined in the report to determine the overall market attractiveness and single out profitable trends to gain a stronger foothold in the market.
The report provides information regarding drivers, restraints, and opportunities with impact analysis.
A quantitative analysis of the current market and estimation for the same from 2021 to 2031 is provided to showcase the financial competency of the market.
Porter’s five forces model of the industry illustrates competitiveness of the market by analyzing various parameters such as threat of new entrants, threat of substitutes, bargaining power of the buyers, and bargaining power of the suppliers operating in the market.
Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain.
Competitive intelligence highlights business practices followed by leading market players across various regions.
Key Market Segments
By Pet Type
Dog
Cat
Others
By Services
Group Play Sessions
Exercise
Poolside Daycare
Pet Sitting
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Netherlands
Rest of Europe
Asia-Pacific
China
Japan
Australia
South Korea
India
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
Saudi Arabia
South Africa
UAE
Rest of LAMEA
Key Market Players
Carey Pet and Home Care
best friends pet care
camp bow wow
dogtopia
royvon dog hotels and training
barkefellers
Country Paws
Puss 'n' Boots Boarding Cattery Pty Ltd
Urban Tails Pet Resort
Pet Station Group
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