Reports
Reports
Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
The Europe pet tech market is estimated to grow at a CAGR of 20.7% during the forecast period of 2022-2027 owing to the increased spending on pet animals.
Germany is poised to hold a significant market share of the Europe pet tech industry. Medical diagnosis and treatment and fitness of pets are among the leading trends that encourage owners to adopt these solutions in the region. Hence, the companies are investing in research and development activities to enhance their product range and improve the overall customer experience. For example, in October 2021, Halo Collar launched the Halo 2 collar with better protection. The rugged collar is suitable for rough environments and can withstand dog bites, swimming in the ocean, loose branches, and much more with the help of its pro-case . The enhancement in technology is improving the overall customer experience, which is likely to drive the pet tech demand in the country. Private "Tierheim" shelters are being built in Germany to house abandoned animals. Grants, endowments, governmental agencies, and other organisations help fund these shelters. The increased awareness of animal welfare and health is further anticipated to stimulate the adoption of innovative technology such as the smart vest, smart leash, and smart harness, thereby aiding the overall market growth.
A pet is an animal that is kept primarily for the company or pleasure of its owner, rather than as a working animal. Pet owners consider their pets to be members of their family and are eager to invest in their health, fitness, and well-being. Companies whose core business is employing tech-enabled solutions to service the pet owner market are characterised as pet tech companies. This includes digital solutions for tracking, training, and connecting dogs.
Based on technology, the market can be broadly categorised into:
By applications, the industry is divided into:
On the basis of end uses, the market is bifurcated into:
The regional markets for pet tech can be divided into the United Kingdom, Germany, Italy, and France, among others.
Rising disposable incomes of consumers and increasing awareness about pets’ physical and mental health are poised to drive the growth of the pet tech industry in Europe. Individuals' disposable income is likely to increase further as the country's economy continues to improve. This is expected to influence consumer buying habits, allowing pet owners to spend more money on smart pet products, including smart collars, cameras, feeds, fences, and toys. The technology allows pet owners to track and monitor their pets' daily activities, ensuring their safety. Pet owners are focusing on health monitoring equipment to keep their animals healthy. The growing prevalence of obesity is further encouraging pet owners to purchase intelligent pet tech products and monitor their health parameters such as breathing, sleep, and heart rate, among others. Pet tech products also support pet owners in achieving daily activity goals to maintain their pet's fitness. Furthermore, the growing use of IoT devices is boosting the pet tech market in the region since it simplifies the process of collecting vital signs and location information. Pet tech products are typically connected to smartphones, tablets, and laptops via IoT connection. It uses wireless technologies like Bluetooth and Wireless LAN (WLAN) to communicate crucial data to a central server, which is then made available to pet owners via interactive dashboards and reports. In addition, the rising number of pet owners is expected to further propel the industry growth over the forecast period.
The report gives a detailed analysis of the major players in the Europe pet tech market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Europe
7 Industry Opportunities and Challenges
8 Europe Pet Tech Market Analysis
8.1 Key Industry Highlights
8.2 Europe Pet Tech Historical Market (2017-2021)
8.3 Europe Pet Tech Market Forecast (2022-2027)
8.4 Europe Pet Tech Market by Technology
8.4.1 RFID
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 GPS
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Sensors
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Others
8.5 Europe Pet Tech Market by Application
8.5.1 Identification and Tracking
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Behaviour Monitoring and Control
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Safety and Security
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Medical Diagnosis and Treatment
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2017-2021)
8.5.4.3 Forecast Trend (2022-2027)
8.5.5 Others
8.6 Europe Pet Tech Market by End Use
8.6.1 Household
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Commercial
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.7 Europe Pet Tech Market by Country
8.7.1 Market Share
8.7.1.1 United Kingdom
8.7.1.2 Germany
8.7.1.3 France
8.7.1.4 Italy
8.7.1.5 Others
9 Regional Analysis
9.1 United Kingdom
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.2 Germany
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.3 France
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.4 Italy
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
12 Industry Events and Developments
List of Figures and Tables
1. Europe Pet Tech Market: Key Industry Highlights, 2017 and 2027
2. Europe Pet Tech Historical Market: Breakup by Technology (USD Million), 2017-2021
3. Europe Pet Tech Market Forecast: Breakup by Technology (USD Million), 2022-2027
4. Europe Pet Tech Historical Market: Breakup by Application (USD Million), 2017-2021
5. Europe Pet Tech Market Forecast: Breakup by Application (USD Million), 2022-2027
6. Europe Pet Tech Historical Market: Breakup by End Use (USD Million), 2017-2021
7. Europe Pet Tech Market Forecast: Breakup by End Use (USD Million), 2022-2027
8. Europe Pet Tech Historical Market: Breakup by Country (USD Million), 2017-2021
9. Europe Pet Tech Market Forecast: Breakup by Country (USD Million), 2022-2027
10. Europe Pet Tech Market Structure.
The Europe pet tech market is projected to grow at a CAGR of 20.7% between 2022 and 2027.
The major drivers of the market include the investment in research and development activities, adoption of innovative technology, growing use of IoT devices, rising number of pet owners, and increasing demand for remote tracking.
Rising consumer disposable incomes and increasing awareness about pets’ physical and mental health are the key industry trends propelling the growth of the market.
The major regions in the industry are the United Kingdom, Germany, Italy, and France, among others.
Based on technology, the industry can be broadly categorised into RFID, GPS, and sensors, among others.
The major applications considered in the market report are identification and tracking, behaviour monitoring and control, safety and security, and medical diagnosis and treatment, among others.
The significant end uses of pet tech are household and commercial.
The Europe pet tech market was driven by the increasing awareness about pets’ physical and mental health in the historical period. Aided by the rising number of pet owners and rising consumer disposable incomes, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 20.7%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on technology, the market can be broadly categorised into RFID, GPS, and sensors, among others. The major applications of pet tech are identification and tracking, behaviour monitoring and control, safety and security, and medical diagnosis and treatment, among others. By end use, the market is divided into household and commercial. The major regional markets for pet tech are the United Kingdom, Germany, Italy, and France, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
Mini Report
Single User License
Five User License
Corporate License
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.