PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1608883
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1608883
Global pet travel accessories market is estimated to be valued at USD 7.42 Bn in 2024 and is expected to reach USD 11.34 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | 7.42 Bn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: | 6.20% | 2031 Value Projection: | 11.34 Bn |
Global pet travel accessories market is witnessing robust growth with rising trend of pet humanization and increasing disposable income of pet owners. Various products such as leashes, beddings, and toys ensure pets travel in comfort and avoid stress during long journeys. Innovation in material and design of travel bags, harnesses, and pet car seats have made them more convenient to use and transport pets safely. With growing air travel of pets, demand for ID tags, microchips, travel vaccines, and pet passports also increases. Expanding mobility of pet owners and introduction of pet-friendly policies in hotels and restaurants can drive the global pet travel accessories industry.
Global pet travel accessories market growth is driven by growing humanization of pets, rising spending on pet care products, and availability of multipurpose travel accessories. However, high cost of certain premium products and regulations regarding pet travel remain longstanding challenges. Introduction of smart accessories integrated with GPS and activity trackers present opportunities for manufacturers. Pet owners' increased preference for natural and eco-friendly materials in products prompt companies to develop sustainable offerings. Evolving lifestyle of millennial pet owners favoring air travel with pets create demand for specific dog jackets, carriers, and ID collars.
This report provides in-depth analysis of the global pet travel accessories market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global pet travel accessories market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Ancol Pet Products Limited, Central Garden & Pet Company, Coastal Pet Products Inc., Ferplast S.p.A., Hangzhou Tinayuan Pet Products Company, House of Pet Design GmbH, K&H Pet Products, K9 Sport Sack, KONG Company, Lords & Labradors, Pawise Co., Ltd., Petmate, PetSafe Brands, Ruffwear, and Xiamen Green Field Co., Ltd.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global pet travel accessories market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global pet travel accessories market