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Pet Wearable Trends and Forecast
The future of the global pet wearable market looks promising with opportunities in the identification & tracking, behavior monitoring & control, facilitation, safety & security, and medical diagnosis & treatment markets. The global pet wearable market is expected to reach an estimated $5.7 billion by 2030 with a CAGR of 12.5% from 2024 to 2030. The major drivers for this market are increase in pet ownership and rising emphasis on pet health and wellness.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Pet Wearable by Segment
The study includes a forecast for the global pet wearable by technology, application, and region.
Pet Wearable Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• RFID
• GPS
• Sensors
Pet Wearable Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Identification & Tracking
• Behavior Monitoring & Control
• Facilitation, Safety & Security
• Medical Diagnosis & Treatment
Pet Wearable Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Pet Wearable Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies pet wearable companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the pet wearable companies profiled in this report include-
• Allflex
• Avid Identification Systems
• Datamars
• Fitbark
• Garmin
• Intervet
• Invisible Fence
• Konectera
• Nuzzle
• PetPace
Pet Wearable Market Insights
Lucintel forecasts that RFID will remain the largest segment due to itÄX%$%Xs accuracy and dependability assist in tracking health-related factors like heart rate variability, caloric intake, body temperature, and pulse of pets.
North America will remain the largest region due to the high disposable incomes of pet owners, increasing spending on pet healthcare, and rising trend of pet adoption & humanization in the region.
Features of the Global Pet Wearable Market
Market Size Estimates: Pet wearable market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Pet wearable market size by technology, application, and region in terms of value ($B).
Regional Analysis: Pet wearable market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different technologies, applications, and regions for the pet wearable market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the pet wearable market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the pet wearable market size?
Answer: The global pet wearable market is expected to reach an estimated $5.7 billion by 2030.
Q.2 What is the growth forecast for pet wearable market?
Answer: The global pet wearable market is expected to grow with a CAGR of 12.5% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the pet wearable market?
Answer: The major drivers for this market are increase in pet ownership and rising emphasis on pet health and wellness.
Q4. What are the major segments for pet wearable market?
Answer: The future of the pet wearable market looks promising with opportunities in the identification & tracking, behavior monitoring & control, facilitation, safety & security, and medical diagnosis & treatment markets.
Q5. Who are the key pet wearable market companies?
Answer: Some of the key pet wearable companies are as follows:
• Allflex
• Avid Identification Systems
• Datamars
• Fitbark
• Garmin
• Intervet
• Invisible Fence
• Konectera
• Nuzzle
• PetPace
Q6. Which pet wearable market segment will be the largest in future?
Answer: Lucintel forecasts that RFID will remain the largest segment due to itÄX%$%Xs accuracy and dependability assist in tracking health-related factors like heart rate variability, caloric intake, body temperature, and pulse of pets.
Q7. In pet wearable market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region due to the high disposable incomes of pet owners, increasing spending on pet healthcare, and rising trend of pet adoption & humanization in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the pet wearable market by technology (RFID, GPS, and sensors), application (identification & tracking, behavior monitoring & control, facilitation, safety & security, and medical diagnosis & treatment), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Pet Wearable Market, Pet Wearable Market Size, Pet Wearable Market Growth, Pet Wearable Market Analysis, Pet Wearable Market Report, Pet Wearable Market Share, Pet Wearable Market Trends, Pet Wearable Market Forecast, Pet Wearable Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Pet Wearable Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Pet Wearable Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Pet Wearable Market by Technology
3.3.1: RFID
3.3.2: GPS
3.3.3: Sensors
3.4: Global Pet Wearable Market by Application
3.4.1: Identification & Tracking
3.4.2: Behavior Monitoring & Control
3.4.3: Facilitation, Safety & Security
3.4.4: Medical Diagnosis & Treatment
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Pet Wearable Market by Region
4.2: North American Pet Wearable Market
4.2.2: North American Pet Wearable Market by Application: Identification & Tracking, Behavior Monitoring & Control, Facilitation, Safety & Security, and Medical Diagnosis & Treatment
4.3: European Pet Wearable Market
4.3.1: European Pet Wearable Market by Technology: RFID, GPS, and Sensors
4.3.2: European Pet Wearable Market by Application: Identification & Tracking, Behavior Monitoring & Control, Facilitation, Safety & Security, and Medical Diagnosis & Treatment
4.4: APAC Pet Wearable Market
4.4.1: APAC Pet Wearable Market by Technology: RFID, GPS, and Sensors
4.4.2: APAC Pet Wearable Market by Application: Identification & Tracking, Behavior Monitoring & Control, Facilitation, Safety & Security, and Medical Diagnosis & Treatment
4.5: ROW Pet Wearable Market
4.5.1: ROW Pet Wearable Market by Technology: RFID, GPS, and Sensors
4.5.2: ROW Pet Wearable Market by Application: Identification & Tracking, Behavior Monitoring & Control, Facilitation, Safety & Security, and Medical Diagnosis & Treatment
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Pet Wearable Market by Technology
6.1.2: Growth Opportunities for the Global Pet Wearable Market by Application
6.1.3: Growth Opportunities for the Global Pet Wearable Market by Region
6.2: Emerging Trends in the Global Pet Wearable Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Pet Wearable Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Pet Wearable Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Allflex
7.2: Avid Identification Systems
7.3: Datamars
7.4: Fitbark
7.5: Garmin
7.6: Intervet
7.7: Invisible Fence
7.8: Konectera
7.9: Nuzzle
7.10: PetPace
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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