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Global Pet Tech Market: By Product: Tracking Equipment, Monitoring Equipment, Entertainment Equipment, Feeding Equipment, Others; By Application; By End Use; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Pet Tech Market Outlook

The global pet tech market is expected to witness a healthy growth in the forecast period of 2021-2026, expanding at a CAGR of 24%.

 

Global Pet Tech Market

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Increasing Demand in Household Segment to Augment the Pet Tech Industry Growth

Based on end use, the household segment accounts for a significant share in the pet tech industry. The increasing adoption of pets in the household sector has been observed in many regions. Dogs and cats are the most preferred domestic animal species. Smart devices, especially for these animals, are being created by pet food suppliers. Some of the big companies producing these technologies are GoPro, CleverPet, PetChatz, Tailio and Petcube. Pet owners in this market are spending heavily on the procurement of automated food distribution systems for their dogs. These systems allow pet owners to set the timer and the portion size of the unit for automated distribution of food to ensure a proper and timely pet diet. In addition, these solutions also offer mobile access, allowing owners to remotely update and evaluate pet eating habits. Many pet feeding systems are equipped with a monitor that can help owners virtually verify their dogs’ health. All these factors are significantly contributing to the growth of the pet tech industry.

 

European Region to Provide Enhanced Growth Opportunities to the Pet Tech Industry

Owing to rising concern about the well-being of homeless dogs and cats, Europe is expected to witness a robust growth in the pet tech industry over the projected era. In Germany, private shelters known as "Tierheim" are being designed to house abandoned animals. Thousands of these shelters take care of a large number of animals each year, anywhere from 10,000 to 15,000 animals. These shelters are funded by grants, bequests, governmental bodies, and various organisations. The introduction of new technology such as the smart leash, smart vest, and smart harness is expected to be further motivated by the increasing awareness about the welfare and health of animals.

Several firms have created low-power wireless smart collars with non-invasive sensors to monitor the pet's location, calories eaten and burned, respiration, heartbeat, movement, temperature, and heart-rate changes, all of which contribute to the optimal health of the pet. Furthermore, the rapid growth of pet shops and pet healthcare and pet sitting facilities in the region would enable household pet owners to embrace these advanced technologies.

 

Pet Tech: Industry Definition and Segmentation

Pet tech companies are defined as “companies whose core business is using tech-enabled solutions to serve the pet owner market”. This includes, for example, technology solutions for tracking, training, and connectivity of pets.

 

Global Pet Tech Market By Application

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Existing in the current world necessitates being continuously linked to new apps or digital solutions. This is particularly true when it comes to looking after your loved ones, including pets. Pet tech devices are a whole world of digital solutions for dogs, cats, or other pets.

By product, the market is divided into:

  • Tracking Equipment
  • Monitoring Equipment 
  • Entertainment Equipment
  • Feeding Equipment
  • Others

The market is divided based on application into:

  • Pet Healthcare
  • Pet Owner Convenience
  • Communication and Entertainment
  • Pet Safety

The market is divided based on end use into:

  • Household
  • Commercial

The market is divided based on distribution channel into:

  • Offline
  • Online 

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Pet Tech Market By Region

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Growing Technological Developments and the Higher Purchasing Power to Bolster the Growth of the Pet Tech Industry

Pet owners consider their pets to be members of the family and these owners are constantly investing in the well-being of their pets, including health, fitness, and safety. This has contributed to the high adoption of online and digitally connected items to ensure the health and well-being of pets, thus, accelerating the growth of the pet tech industry. The countries such as the United States, India, Russia, and China are global markets with significant numbers of domestic dogs and cats. In addition, higher discretionary income enabled pet owners to spend more on high-quality accessories, such as smart collars with built-in GPS, allowing them to track the health and mood of their pets.

The pet tech industry would benefit from the rising technological advances and developments in pet durables in the forecast period. The development of smart exercise trackers, feeders, games, and others represents only a handful of big technical advances in the pet care industry. Several companies are creating groundbreaking wearable devices that allow pet owners to keep an eye on their pets' activities at all times. This is expected to aid the market in the forecast period.

 

Key Industry Players in the Global Pet Tech Market

The report gives a detailed analysis of the following key players in the global pet tech market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • CleverPet  
  • Dogtra Company
  • Pawscout, Inc.
  • Felcana 
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry 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    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Pet Tech Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Pet Tech Historical Market (2016-2020) 
    8.3    Global Pet Tech Market Forecast (2021-2026)
    8.4    Global Pet Tech Market by Product
        8.4.1    Tracking Equipment
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Monitoring Equipment
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Entertainment Equipment   
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Feeding Equipment 
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
        8.4.5    Others 
    8.5    Global Pet Tech Market by Application
        8.5.1    Pet Healthcare
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Pet Owner Convenience
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Communication and Entertainment
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Pet Safety
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Others
    8.6    Global Pet Tech Market by End Use
        8.6.1    Household
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Commercial
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
    8.7    Global Pet Tech Market by Distribution Channel
        8.7.1    Offline
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Online
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
    8.8    Global Pet Tech Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
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
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Competitive Landscape
    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    CleverPet 
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    Dogtra Company
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    Pawscout, Inc.
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    Felcana 
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    Others
12    Industry Events and Developments


List of Figures and Tables

1.    Global Pet Tech Market: Key Industry Highlights, 2016 and 2026
2.    Global Pet Tech Historical Market: Breakup by Product (USD Billion), 2016-2020
3.    Global Pet Tech Market Forecast: Breakup by Product (USD Billion), 2021-2026
4.    Global Pet Tech Historical Market: Breakup by Application (USD Billion), 2016-2020
5.    Global Pet Tech Market Forecast: Breakup by Application (USD Billion), 2021-2026
6.    Global Pet Tech Historical Market: Breakup by End Use (USD Billion), 2016-2020
7.    Global Pet Tech Market Forecast: Breakup by End Use (USD Billion), 2021-2026
8.    Global Pet Tech Historical Market: Breakup by Distribution Channel (USD Billion), 2016-2020
9.    Global Pet Tech Market Forecast: Breakup by Distribution Channel (USD Billion), 2021-2026
10.    Global Pet Tech Historical Market: Breakup by Region (USD Billion), 2016-2020
11.    Global Pet Tech Market Forecast: Breakup by Region (USD Billion), 2021-2026
12.    North America Pet Tech Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    North America Pet Tech Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Europe Pet Tech Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Europe Pet Tech Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Asia Pacific Pet Tech Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Asia Pacific Pet Tech Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Latin America Pet Tech Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Latin America Pet Tech Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Middle East and Africa Pet Tech Historical Market: Breakup by Country (USD Billion), 2016-2020
21.    Middle East and Africa Pet Tech Market Forecast: Breakup by Country (USD Billion), 2021-2026
22.    Global Pet Tech Market Structure

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