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Pet Wearable Market Outlook 2024: Top Companies, Trends and Future Prospects Details for Business Development

Pet Wearable

The report focuses on the favorable Global “Pet Wearable market” and its expanding nature. The Pet Wearable market report provides a comprehensive study of the market segmentation, service providers, stockholders, sponsors, and important market players, size, and share, market dynamics such as the growth drivers, restraints, challenges, and opportunities.

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.

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    Key Manufacturers

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

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    Pet Wearable market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Pet Wearable market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Pet Wearable market have also been involved in the study.

    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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    TOC of Pet Wearable Market Report Covered:

    Introduction, Research Methodology, Executive Summary, Key Inferences, Market Overview, Pet Wearable market Dynamics, Market Segmentation, Competitive Landscape, Key Players, Future of the Market, and continued…

    Reasons to Purchase Pet Wearable Market Report Covered:

    • The report analyses how Pet Wearable market will grow in the future.
    • Analyzing various perspectives of the Pet Wearable market with the help of Porter’s five forces analysis.
    • Study on the product type that is expected to dominate the market and regions that are expected to witness the fastest growth during the forecast period
    • Recognize the new developments, Pet Wearable market shares and policies employed by the major market players.
    • Competitive landscape including the Pet Wearable market share of major players along with the key policies accepted for development in the past five years
    • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major Pet Wearable market players

    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 n Humane Association, it is estimated that 10 million dogs and cats go missing or are stolen in the 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 Dominates the Market and is Expected to Follow the Same Trend in the Forecast Period

    North currently dominates the pet wearable market and is expected to continue its stronghold for a few more years. The 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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    Study objectives of Pet Wearable Market Report:

    • To provide a detailed analysis of the market structure along with the Pet Wearable market forecast of various segments and sub-segments of the Pet Wearable market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Pet Wearable market trends that influence the global Pet Wearable market

    Detailed TOC of Pet Wearable Market Report 2019-2024:

    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
    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
    5.5.5.1 Brazil
    5.5.5.2 Argentina
    5.5.5.3 Rest of South

    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

     

    Contact Us:

    Name: Ajay More

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