The Pet Carriers by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Pet Carriers, The pet carriers market size has grown strongly in recent years. It will grow from $906.83 billion in 2023 to $958.75 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to pet ownership trends, urbanization and pet-friendly lifestyles, travel and adventure trends, humanization of pets, innovations in material and design.
The pet carriers market size is expected to see strong growth in the next few years. It will grow to $1210.97 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to rise of pet adoption, e-commerce expansion, focus on pet safety and comfort, customization and personalization trends, health and wellness considerations. Major trends in the forecast period include focus on lightweight and portable solutions, integration of comfort features, health and wellness integration, rise in luxury pet carriers, global market expansion.
Rising pet adoption is expected to propel the pet carrier market going forward. Pet adoption refers to adopting a pet from a prior owner who abandoned it or gave it to a shelter. It involves taking custody of and assuming responsibility for the animal. Pet carriers enable the owners to transport the pet and can be used as an indoor or outdoor dog kennel, so rising pet adoption will propel market growth. For instance, in 2021, according to Chewy, Inc., a US-based online retailer of pet food and other products, there were around 977,202 pets adopted in the US in 2021, which resulted in the highest adoption rate of 61% in the past six years. Further, in November 2022, according to a national survey of pets and people published by Animal Medicines Australia (AMA), an Australia-based industry body representing the leaders of the animal health industry in Australia, about half of Australian households have at least one dog, making them the most common pet. In 2022, 48% of households had dogs, up from 40% in 2019. Therefore, the rising pet adoption rate is driving the pet carrier market.
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The pet carriers market covered in this report is segmented –
1) By Product Type: Soft-Side Bag, Hard Kennel, Backpack, Sling Carrier
2) By Pet Type: Dogs, Cats, Guinea Pig
3) By Sales Channel: Supermarkets, Specialty Stores, Online Stores, Other Channels
Top Major Players:
North America was the largest region in the pet carriers market in 2023.
Product innovations are a key trend gaining popularity in the pet carrier market. Major companies operating in the pet carrier market are focused on developing new technological solutions to strengthen their position in the market. For instance, in October 2021, Delta Air Lines, a US-based provider of domestic and international travel that offers airline tickets and flights, launched CarePod, an innovative solution for pet travel. It is uniquely designed with a built-in hydration system that holds up to a liter of water and will automatically replenish the spill-proof water bowl. It has a powerful, enterprise-level GPS tracking and monitoring system that connects to the pet’s journey directly and lets you view the pet’s key travel updates throughout its entire journey. It has stronger, industrial-strength walls that are insulated to protect the pet against potential temperature fluctuations.
The pet carriers market report table of contents includes:
1. Executive Summary
2. Pet Carriers Market Characteristics
3. Global Pet Carriers Market Trends And Strategies
4. Pet Carriers Market – Macro Economic Scenario
5. Global Pet Cancer Therapeutics Market Size and Growth
…….
26. Global Pet Carriers Market Competitive Benchmarking
27. Global Pet Carriers Market Competitive Dashboard
28. Key Mergers and Acquisitions Pet Carriers Market
29. Pet Carriers Market Future Outlook and Potential Analysis
30. Appendix
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