Pet boarding services Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024

Description

The Global Pet Boarding Services Market was worth USD 19.8 billion in 2023 and will grow at a CAGR of 4.6% between 2024 and 2032, propelled by rising pet ownership and growing disposable incomes. As more households welcome pets into their lives, the demand for reliable boarding services during vacations or long work hours grows. Moreover, higher disposable incomes enable pet owners to invest in quality care for their animals, including comfortable and safe boarding facilities. This trend reflects a broader commitment to pet well-being with owners seeking premium services that cater to their pets' needs, further boosting market growth.

The pet boarding services industry is segregated based on pet type, booking method, facility type, service type, and region. The short-term boarding segment garnered over USD 5.9 billion in 2023 and will record USD 8.9 billion by 2032. This dominance in pet boarding services can be attributed to the nature of pet ownership, as many individuals consider their pets family members and are hesitant to leave them at boarding facilities for extended durations. Short-term boarding is commonly utilized for vacations, business trips, or unforeseen life events. This inclination toward shorter stays reflects the convenience and affordability of short-term options, positioning them as the preferred choice for pet owners in need of temporary care.

The traditional pet care segment generated revenue exceeding USD 7.9 billion in 2023 and will reach USD 11.8 billion by 2032. Facilities, such as kennels and catteries continue to hold a prominent position in the pet boarding market due to their established infrastructure and proven reliability. These facilities often feature experienced staff, secure environments, and a variety of amenities to meet the diverse needs of pets. Also, the enduring presence of traditional pet care options has fostered trust and loyalty among pet owners, guaranteeing their ongoing preference for dependable and cost-effective care, even in the face of new and innovative boarding solutions. North America pet boarding services market achieved USD 8.2 billion in 2023 and will reach USD 12.1 billion by 2032, fueled by a high rate of pet ownership and a growing focus on quality pet care.

Market Scope
Start Year	2023
Forecast Year	2024-2032
Start Value	$19.8 Billion
Forecast Value	$29.5 Billion
CAGR	4.6%

As more families welcome pets into their homes, the demand for reliable boarding services during travel or busy work schedules increases. Besides, rising disposable incomes enable pet owners to seek out premium boarding options that offer comfort and personalized attention. This trend solidifies North America's position as a key contributor to the overall expansion of the pet boarding services industry.

Product Code: 11339

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast parameters
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2018 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Factors affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.1.7 Retailers
3.2 Impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Rising Pet Ownership
  - 3.2.1.2 Higher Disposable Incomes
  - 3.2.1.3 Dual-Income Households
  - 3.2.1.4 Increased personalized pet services
- 3.2.2 Industry pitfalls & challenges
  - 3.2.2.1 Regulatory Compliance
  - 3.2.2.2 Seasonal Demand Fluctuations
3.3 Consumer buying behavior analysis
- 3.3.1 Demographic trends
- 3.3.2 Factors affecting buying decision
- 3.3.3 Consumer service adoption
- 3.3.4 Preferred distribution channel
3.4 Growth potential analysis
3.5 Regulatory landscape
3.6 Porter's analysis
3.7 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 & Forecast, By Service Type, 2021 - 2032, (USD Billion)

5.1 Key trends
5.2 Daycare
5.3 Short-term boarding (overnight to a few days)
5.4 Long-term boarding
5.5 Training services
5.6 Grooming services
5.7 Others (Veterinary Services, Pet spa & Rehab services, etc.)

Chapter 6 Market Estimates & Forecast, By Pet Type, 2021 - 2032, (USD Billion)

6.1 Key trends
6.2 Dogs
6.3 Cats
6.4 Others (rabbits, reptiles.)

Chapter 7 Market Estimates & Forecast, By Facility Type, 2021 - 2032, (USD Billion)

7.1 Key trends
7.2 Traditional pet care
7.3 Pet hotels & resorts
7.4 In-home pet sitting
7.5 Others (rescue Shelter, etc.)

Chapter 8 Market Estimates & Forecast, By Booking Method, 2021 - 2032, (USD Billion)

8.1 Key trends
8.2 Online bookings
8.3 Phone bookings
8.4 Walk-in services

Chapter 9 Market Estimates & Forecast, By Region, 2021 - 2032, (USD Billion)

9.1 Key trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 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 South Korea
- 9.4.5 Australia
- 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 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 South Africa
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles (Business Overview, Financial Data, Product Landscape, Strategic Outlook, SWOT Analysis)

10.1 Bark Avenue Bakery & Boarding, Inc.
10.2 Camp Bow Wow, LLC
10.3 Dogtopia, LLC
10.4 Fetch Pet Care, Inc.
10.5 K9 Resorts, LLC
10.6 Pawsitively Posh Pooch, LLC
10.7 Pet Palace, LLC
10.8 PetSmart, Inc.
10.9 Rover, Inc.
10.10 The Barkley Pet Hotel & Day Spa, LLC
10.11 The Crate Escape, Inc.
10.12 The Dog House, LLC
10.13 The Doggie Inn, LLC
10.14 VIP Petcare, LLC
10.15 Wag Hotels, LLC

Pet boarding services Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032