In 2024, the market size of pet carriers was estimated to be USD 891.4 million. During the forecast period (2024-2032), the Pet Carriers market industry is anticipated to experience a compound annual growth rate (CAGR) of 4.30%, increasing from USD 855.5 million in 2023 to USD 1,298.9 million by 2032. Pet ownership is on the rise in a variety of regions. The market is experiencing development due to the rapid urbanization, mobile lifestyle, and the increasing innovation in materials and design.
Market segment insights
The Pet Carriers Market is segmented by type, including Hard Kennel, Backpack, and Sling Carrier.
Depending on the type of pet, the Pet Carriers Market is segmented into Cats, Dogs, and Others.
Store-based and non-store-based distribution channels comprise the market segmentation.
Regional Perspectives
The market is Segmented by Region in the study, with North America, Europe, Asia Pacific, and the Rest of the World considered. The North American Pet Carriers market is projected to grow at a compound annual growth rate (CAGR) of 3.6% in 2023, with a 39.0% market share. This growth is attributed to the increasing working population in the United States. The North American pet carriers market is a thriving segment of the broader pet products industry, driven by a combination of factors such as the increased emphasis on pet safety and comfort during travel, the region's large population of pet owners, and the expanding trend of pet humanization.
During the forecast period, the Asia-Pacific market value is expected to increase at a compound annual growth rate (CAGR) of 5.4%, from USD 201.0 in 2023 to USD 340.3 in 2032. The pet products industry's Asia-Pacific pet carriers market is a dynamic and rapidly expanding segment that is driven by a variety of factors, such as urbanization trends, rising pet ownership rates, and rising disposable income levels.
Europe is a significant participant in the Pet Carriers Market, with a substantial market size. A combination of factors, such as the region's high pet ownership rates, growing urbanization trends, and increasing emphasis on pet safety and comfort, drives the pet carriers market in Europe to represent a significant segment within the pet products industry. This market is comprised of a wide range of carriers that are specifically designed to transport pets in a secure and comfortable manner, thereby accommodating the diverse requirements and preferences of pet owners throughout the continent. Europe has one of the greatest rates of pet ownership in the world, with millions of households incorporating pets into their households.
The Rest of the World (ROW) pet carriers market is a substantial segment of the global pet products industry, which is dedicated to the diverse needs and preferences of pet owners outside of main regions such as North America, Europe, and the Asia-Pacific. This market includes a diverse selection of carriers that are specifically designed to convey pets in a safe and comfortable manner, catering to the distinctive needs of pet owners in a variety of countries and regions.
Major Players
K&H Manufacturing, PetWise, Paws& Pals, EliteField, Snoozer, Prefer Pets Travel Gear, Petmate, Coastal Pet, PETLIFE, and Pet-Tom are among the key companies in the Pet Carriers market.
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