The global pet carriers market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). The rise in pet ownership is anticipated to drive the growth of the global pet carriers market. According to Insurance Research Council, nearly one in three (30.0%) Americans adopted a pet during the COVID-19 pandemic. According to National Pet Owners Survey conducted by American Pet Products Association (APPA), 70.0% of US households or about 90.5 million families own a pet. This is up from 67.0% in 2019. Further, 69 million households owned dogs, 45.3 million owned cats, and 9.9 million owned birds. Thus, the rising adoption of pets is anticipated to support the growth of the global pet carriers market.
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The rapid urbanization coupled with rising disposable income is increasing the purchasing power of consumers. According to the data published by UNCTAD in 2021, the share of the urban population increased to 56.2% in 2020. In developed economies, 79.0% of people live in cities. Also, as per the data published by United Nations Organization, the global population is projected to increase by 2 billion persons in the next 30 years from 7.7 billion in 2020 to 9.7 billion in 2050 and could peak at nearly 11 billion around 2100. The growth has been driven by increasing urbanization and accelerating migration. 61.0% of the global population lives in Asia, 17.0% in Africa, 10.0% in Europe, 8.0% in Latin America, and the remaining 5.0% in Northern America. Moreover, as per the data published by Statistics Canada, the share of disposable income for the household in the lowest quintile increased from 6.1% in the first quarter to a high of 7.2% in the second quarter of 2020. Also, as per OECD, the average household net adjusted disposable income per capita is $30,490 per annum. Thus, rapid urbanization coupled with growing disposable income is anticipated to fuel the demand for the global pet carriers market.
Looking toward the demand for pet carriers, key market players are adopting various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in January 2020, Delta partnered with CarePod to create a pet travel carrier. The carriers are fitted with technologies such as real-time updates, which will provide pet safety while on the go. In addition, the carrier is fitted with a GPS tracking and monitoring system connecting directly to Delta Cargo Control Center. Thus, such launches are anticipated to drive the growth of the global pet carriers market.
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Competitive Landscape-
Less Trading Corp., OxGord, and Sherpa among others
By Product Type
- Front Openers
- Top Openers
By Distribution Channel
- Supermarkets & Hypermarkets
- Specialty Stores
- Online Retail
- Others
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Scope of the Report
The research study analyzes the Global Pet Carriers industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Global Pet Carriers Market Report
1. What was the Global Pet Carriers Market size in 2019 and 2021; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Global Pet Carriers Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Global Pet Carriers Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the Global Pet Carriers market.
- The market share of the Global Pet Carriers market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Global Pet Carriers market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Global Pet Carriers market.
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