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United States Pet Tech Market Share, Size, Growth: By Product: Tracking Equipment, Monitoring Equipment, Entertainment Equipment, Feeding Equipment, Others; By Vertical: Private, Commercial; By Distribution Channel: Offline, Online; Regional Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
United States Pet Tech Market Outlook
The United States pet tech market is expected to grow at a CAGR of 13.1% in the forecast period of 2024-2032.
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Key Trends in the Market
Pet tech also called pet technology refers to the use of technology in the pet sector to enhance pet care along with their living conditions. This technology is used to enhance the wellbeing, health, surveillance, and safety of pets.
- The rising disposable income is likely to increase customer spending habits and allow pet owners to increase investment in intelligent and smart pet products like cameras, smart collars, feeders, toys, and fences. This is further expected to drive the United States pet tech market.
- With evolving technology, consumers are likely to track and monitor the everyday activity of their pets which is expected to boost the market demand for pet tech among consumers as it ensures their safety.
- The increase in adoption of rescue pets across the country by millennials coupled with the rising popularity of pets among people is further expected to push forward the market growth of pet tech during the forecast period.
Market Opportunities and Challenges
- The rising prevalence of pet illnesses is expected to influence pet owners to buy intelligent pet tech products and examine health issues like sleep and heart rate and breathing of their pet. This is expected to bolster opportunities for the United States pet tech market over the forecast period.
- Pet tech products are expected to help pet owners in attaining everyday activity goals to keep their pet’s fitness which is further expected to propel market growth in upcoming years.
- The high price of products along with low public awareness regarding the product among people is expected to hamper the market growth of pet tech.
Market Analysis
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Based on product, the market can be segmented into tracking equipment, monitoring equipment, entertainment equipment, and feeding equipment, among others. On the basis of verticals, the market is bifurcated into private and commercial. Based on the distribution channel, the market is divided into offline and online. At a regional level, the United States market is categorised into New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
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. The report gives a detailed analysis of the following key players in the United States pet tech market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Garmin Ltd
- Softeq Development Corp.
- CleverPet, Inc.
- Dogtra Company
- Pawscout, Inc.
- Others
Market Share by Source
The monitoring equipment and tracking equipment segments are expected to gain momentum in the United States pet tech market share due to the increasing frequency of lost pets which has enhanced the pet tracking devices demand. The increase in demand by owners to employ pet tech products to continuously track and monitor the live location of their pets is further supporting the growth of segments in the market during the forecast period.
Market Share by Distribution Channel
The online segment is expected to witness substantial growth in the United States pet tech market on account of growing interest in online shopping along with the surging number of people using online shopping platforms. Numerous consumers choose online stores for buying pet products like feeders, smart collars, harnesses, and cameras. This is further driving the segment growth in the market. With various attractive discounts and rewards offered by market players to consumers over e-commerce stores, the online segment is expected to grow in the market over the upcoming years.
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Competitive Landscape
- Garmin Ltd manufactures products that feature quality engineering compelling designs and best value. It specialises in GPS technology built on innovation for use by various markets such as fitness, aviation, and tracking.
- Softeq Development Corp. offers early-stage innovation and ideation plus digital transformation business consulting. The company aims to deliver this under one roof on a global scale. It is built from the ground up to specialise in new product development along with research and development, tackling the most difficult problems in the tech sphere.
- Pawscout, Inc. provides affordable and modern products starting with the free Pawscout App for increasing pet safety. The company aims to build the world’s largest network for pet safety, fun, and well-being, empowering pet lovers and owners to cultivate safer and stronger neighbourhoods for pets through its modern, affordable, and lightweight tags for dogs and cats.
Other market players include CleverPet, Inc. and Dogtra Company among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product |
|
| Breakup by Vertical |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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
7 Industry Opportunities and Challenges
8 United States Pet Tech Market Analysis
8.1 Key Industry Highlights
8.2 United States Pet Tech Historical Market (2018-2023)
8.3 United States Pet Tech Market Forecast (2024-2032)
8.4 United States Pet Tech Market by Product
8.4.1 Tracking Equipment
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Monitoring Equipment
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Entertainment Equipment
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Feeding Equipment
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2023)
8.4.4.3 Forecast Trend (2024-2032)
8.4.5 Others
8.5 United States Pet Tech Market by Vertical
8.5.1 Private
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Commercial
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.6 United States Pet Tech Market by Distribution Channel
8.6.1 Offline
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Online
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.7 United States Pet Tech Market by Region
8.7.1 Market Share
8.7.1.1 New England
8.7.1.2 Mideast
8.7.1.3 Great Lakes
8.7.1.4 Plains
8.7.1.5 Southeast
8.7.1.6 Southwest
8.7.1.7 Rocky Mountain
8.7.1.8 Far West
9 Regional Analysis
9.1 New England
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Mideast
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Great Lakes
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Plains
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.5 Southeast
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.6 Southwest
9.6.1 Historical Trend (2018-2023)
9.6.2 Forecast Trend (2024-2032)
9.7 Rocky Mountain
9.7.1 Historical Trend (2018-2023)
9.7.2 Forecast Trend (2024-2032)
9.8 Far West
9.8.1 Historical Trend (2018-2023)
9.8.2 Forecast Trend (2024-2032)
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 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Garmin Ltd
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 Softeq Development Corp.
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 CleverPet, 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 Dogtra Company
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 Pawscout, Inc.
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Others
12 Key Trends and Developments in the Market
List of Figures and Tables
1. United States Pet Tech Market: Key Industry Highlights, 2018 and 2032
2. United States Pet Tech Historical Market: Breakup by Product Type (USD Million), 2018-2023
3. United States Pet Tech Market Forecast: Breakup by Product Type (USD Million), 2024-2032
4. United States Pet Tech Historical Market: Breakup by End Use (USD Million), 2018-2023
5. United States Pet Tech Market Forecast: Breakup by End Use (USD Million), 2024-2032
6. United States Pet Tech Historical Market: Breakup by Distribution Channels (USD Million), 2018-2023
7. United States Pet Tech Market Forecast: Breakup by Distribution Channels (USD Million), 2024-2032
8. United States Pet Tech Historical Market: Breakup by Region (USD Million), 2018-2023
9. United States Pet Tech Market Forecast: Breakup by Region (USD Million), 2024-2032
10. United States Pet Tech Market Structure
Key Questions Answered in the Report
The market is assessed to grow at a CAGR of 13.1% in the forecast period of 2024-2032.
The major market drivers are the rise in number of pets adopted by people and greater spending for the welfare of pets.
The key market trends include using specialised products to track pet movement and pet health.
The various product of the pet tech market includes tracking equipment, monitoring equipment, entertainment equipment, and feeding equipment, among others.
The different verticals of the pet tech market include private and commercial.
The various distribution channels of the pet tech market include offline and online.
The major players in the United States pet tech market are Garmin Ltd, Softeq Development Corp., CleverPet, Inc.,Dogtra Company, and Pawscout, Inc., among others.
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