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Pet Wearable Market Development Factors 2020 Overview by Regional Analysis, Industry Size, Business Share, Growth Rate Forecast to 2024

Pet Wearable

Pet Wearable Market” report research report 2020 represents a comprehensive study of the market which will enable the customers to anticipate future demands and strategize executions. This market research report provides emerging market drivers, challenges, opportunities for Pet Wearable Industry. It focuses on the latest trends and recent developments of Pet Wearable Industry. Pet Wearable market report will help you to know each and every insight of the industry. Pet Wearable market also covers growth potential, market size forecast, demand, and suppliers.

Scope of the Report:

Pet wearables refer to devices that can be worn on the pet’s body to serve various purposes, such as identification, tracking, monitoring, controlling, medical diagnosis, treatment, facilitation, safety, and security.

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Market Overview:

  • The key factors propelling the growth of the pet wearable market are the increase in awareness about the pet’s physical and mental fitness, increasing adoption of IoT, and rise in the demand for pet monitoring and technological advancements.
  • The pet wearable market is gaining traction, due to the rising awareness among pet owners about their health. The increasing inclination toward the adoption of pets as companions for mental stability, fitness, and entertainment is boosting the expenditure on the well-being of pets. The rising awareness, coupled with easy availability of wearables, globally, is expected to boost the global pet wearable market.
  • Additionally, the use of pet wearables offers benefits, such as connecting humans to their pets, in order to track their daily activities and monitor their health using these devices. This monitoring generates data for food intake, heart, and respiratory rate and patterns, and calories burnt by pets during the day. The data generated by these devices is used for analyzing the health of pets. The aforementioned factors are boosting the adoption of pet wearables, which in turn, is propelling the growth of the market studied.

    Pet Wearable Market Manufacturer Segment Analysis: (Overview, Products & Services, Financials, Recent Developments, and Analyst View)

  • Binatone Global
  • Cybortra Technology Co. Ltd
  • FitBark Inc.
  • Garmin Ltd
  • KYON
  • Loc8tor Ltd
  • Dogtra
  • PetPace Ltd
  • Mars Incorporated (Whistle Labs Inc.)

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    Key Market Trends:

    Identification and Tracking Segment, by Application, is Expected to Hold the Largest Market Share

    The identification and tracking segment of the pet wearable market is expected to register the largest market share over the forecast period, and is likely to record a CAGR of 10.34%.

    One of the most common uses of pet wearables, such as smart collars, is tracking the whereabouts of pet animals using GPS. With the help of wearables, not only can the owners track their pets, but the devices also help other people identify pets that have strayed off and return them to their rightful owners. Owners can track the location of their pets and identify them easily within limited time, just by using their smartphones.

    According to the American Humane Association, it is estimated that 10 million dogs and cats go missing or are stolen in the United States alone, each year. One in three pets is likely to become lost at some point during its life. Hence, with wearables, such as the GPS tracking device, the chances of a pet getting lost or stolen may reduce drastically. All such factors are driving the market, and are helping in the increasing usage and adoption of pet wearables by the owners, especially in the western countries.

    North America Dominates the Market and is Expected to Follow the Same Trend in the Forecast Period

    North America currently dominates the pet wearable market and is expected to continue its stronghold for a few more years. The United States is expected to retain its significant market share in the pet wearable market over the forecast period, owing to the growing adoption of companion animals, high disposable income, and increasing per capita animal healthcare expenditure. The rise in awareness about pet health among pet owners, the increase in product innovation, sophisticated technology, and a high percentage of tech-savvy owners are some other significant factors driving the growth of the US pet wearable market.

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    Detailed TOC of Pet Wearable Market Report 2020-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Increase in Awareness about Pet’s Physical and Mental Fitness
    4.2.2 Increasing Adoption of IoT
    4.2.3 Growth in Demand for Pet Monitoring
    4.2.4 Technological Advancements
    4.3 Market Restraints
    4.3.1 Battery Life Issues of Devices
    4.3.2 High Cost of Products
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Product
    5.1.1 Smart Collar
    5.1.2 Smart Camera
    5.1.3 Smart Harness and Vest
    5.1.4 Tags
    5.2 By Technology
    5.2.1 GPS
    5.2.2 RFID
    5.2.3 Sensors
    5.2.4 Other Technologies
    5.3 By Application
    5.3.1 Identification and Tracking
    5.3.2 Monitoring and Control
    5.3.3 Medical Diagnosis and Treatment
    5.3.4 Facilitation, Safety, and Security
    5.4 By Animal Type
    5.4.1 Companion
    5.4.2 Livestock
    5.5 Geography
    5.5.1 North America
    5.5.1.1 US
    5.5.1.2 Canada
    5.5.1.3 Mexico
    5.5.2 Europe
    5.5.2.1 Germany
    5.5.2.2 UK
    5.5.2.3 France
    5.5.2.4 Italy
    5.5.2.5 Spain
    5.5.2.6 Rest of Europe
    5.5.3 Asia-Pacific
    5.5.3.1 China
    5.5.3.2 Japan
    5.5.3.3 India
    5.5.3.4 Australia
    5.5.3.5 South Korea
    5.5.3.6 Rest of Asia-Pacific
    5.5.4 Middle East & Africa
    5.5.4.1 GCC
    5.5.4.2 South Africa
    5.5.4.3 Rest of Middle East & Africa
    5.5.5 South America
    5.5.5.1 Brazil
    5.5.5.2 Argentina
    5.5.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Binatone Global
    6.1.2 Cybortra Technology Co. Ltd
    6.1.3 FitBark Inc.
    6.1.4 Garmin Ltd
    6.1.5 KYON
    6.1.6 Loc8tor Ltd
    6.1.7 Dogtra
    6.1.8 PetPace Ltd
    6.1.9 Mars Incorporated (Whistle Labs Inc.)

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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