Pet Tech Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032
Pet Tech Market size is projected to record over 13.5% CAGR from 2024 to 2032, propelled by a surge in partnerships and collaborations.
Companies are uniting to craft pioneering products and solutions to elevate the standards of pet care and monitoring. Such collaborations are ushering in technological advancements, including smart collars, health monitoring systems, and interactive toys, all aimed at offering pet owners more holistic and effective solutions. Furthermore, these developments are rolling out cutting-edge products and services, bolstering pet health and well-being. For example, in June 2023, Sylvester.ai, a visual AI pet technology firm, teamed up with AskVet, a premier virtual pet health platform to revolutionize pet tech by interpreting pet pain signals into actionable care options.
The overall market is segregated into product, application, end use, distribution channel, and region.
In terms of product, the smart pet feeders and bowls segment in the pet tech market is expected to record a significant CAGR from 2024 to 2032. This growth is attributed to the rising demand for advanced technologies that refine feeding routines. Modern smart feeders and bowls boast features like automatic portion control, programmable feeding schedules, and mobile app-based real-time monitoring. As a result, pet owners are turning to these smart solutions for efficient diet management and timely feeding.
By application, the pet tech industry share from the pet safety segment is projected to rise from 2024 to 2032, driven by a rising consumer appetite for real-time monitoring and safety features. Modern apps are embedding functionalities like GPS tracking, activity monitoring, and emergency alerts, ensuring pet owners enjoy heightened peace of mind. Many users also depend on these smart applications to monitor the locations and health of their pets, ensuring their well-being when away.
Regionally, the Europe pet tech market size is projected to exhibit robust growth between 2024 and 2032, largely due to rising disposable incomes. Pet owners are channeling more funds into advanced technologies, aiming to boost the well-being and convenience of their pets. Coupled with a prevailing trend of increased spending on pets, this investment supports a holistic approach to pet care, enriching the lives of both pets and their owners across the continent.
- Chapter 1 Methodology and Scope
- 1.1 Market scope and definition
- 1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
- 1.3 Base estimates and calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
- 1.4 Forecast model
- 1.5 Primary research and validation
- 1.5.1 Primary sources
- 1.5.2 Data mining sources
- Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2021 - 2032
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Supplier landscape
- 3.2.1 Software providers
- 3.2.2 Service provider
- 3.2.3 Technology providers
- 3.2.4 End-user
- 3.3 Profit margin analysis
- 3.4 Technology and innovation landscape
- 3.5 Patent analysis
- 3.6 Key news and initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Increased pet ownership and humanization
- 3.8.1.2 Growing awareness of pet health and wellness
- 3.8.1.3 Convenience and technological advancements like IoT, AI, data analytics for pet care
- 3.8.1.4 Governments supporting tech advancements through funding and regulations
- 3.8.2 Industry pitfalls and challenges
- 3.8.2.1 Device reliability and malfunctioning
- 3.8.2.2 High upfront cost
- 3.9 Growth potential analysis
- 3.10 Porter’s analysis
- 3.11 PESTEL analysis
- Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
- Chapter 5 Market Estimates and Forecast, By Product, 2021 - 2032 ($Bn, Tonnage)
- 5.1 Key trends
- 5.2 Pet wearable
- 5.2.1 Smart collar
- 5.2.2 Smart vest
- 5.2.3 Smart harness
- 5.2.4 Smart camera
- 5.3 Smart pet crates and beds
- 5.4 Smart pet doors
- 5.5 Smart pet feeders and bowls
- 5.6 Smart water dispenser
- 5.7 Smart pet fence
- 5.8 Smart pet toys
- Chapter 6 Market Estimates and Forecast, By Application, 2021 - 2032 ($Bn, Tonnage)
- 6.1 Key trends
- 6.2 Pet healthcare
- 6.3 Pet owner convenience
- 6.4 Communication and entertainment
- 6.5 Pet safety
- Chapter 7 Market Estimates and Forecast, By End Use, 2021 - 2032 ($Bn, Tonnage)
- 7.1 Key trends
- 7.2 Household
- 7.3 Commercial
- Chapter 8 Market Estimates and Forecast, By Distribution Channel, 2021 - 2032 ($Bn, Tonnage)
- 8.1 Key trends
- 8.2 Physical pet store
- 8.3 Online-only retailer
- 8.4 Physical mass merchant store
- Chapter 9 Market Estimates and Forecast, By Region, 2021 - 2032 ($Bn, Tonnage)
- 9.1 Key trends
- 9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 Australia
- 9.4.5 Southeast Asia
- 9.4.6 Rest of Asia Pacific
- 9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Rest of Latin America
- 9.6 MEA
- 9.6.1 UAE
- 9.6.2 South Africa
- 9.6.3 Saudi Arabia
- 9.6.4 Rest of MEA
- Chapter 10 Company Profiles
- 10.1 Actijoy Solution
- 10.2 CleverPet, Inc
- 10.3 Dogtra Co.
- 10.4 Felcana
- 10.5 Fitbark Inc
- 10.6 Garmin International, Inc.
- 10.7 Halo Collar
- 10.8 IceRobotics, Ltd.
- 10.9 Link My Pet
- 10.10 Loc8tor Ltd.
- 10.11 Mars, Incorporated
- 10.12 Motorola Solutions, Inc. (Binatone Global
- 10.13 Nedap N.V.
- 10.14 Pawbo, Inc. (Acer Inc.)
- 10.15 Petcube, Inc.
- 10.16 Pet Huhou
- 10.17 PETKIT
- 10.18 PetPace, LLC
- 10.19 Qpets
- 10.20 Scollar, Inc
- 10.21 Tianjin Smart Pets Technology Co., Ltd.
- 10.22 Tractive GmbH
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