Dublin, March 23, 2023 (GLOBE NEWSWIRE) -- The "Pet Wearable Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The global pet wearable market grew from $2.92 billion in 2022 to $3.44 billion in 2023 at a compound annual growth rate (CAGR) of 17.9%. The pet wearable market is expected to grow to $6.52 billion in 2027 at a CAGR of 17.3%.
North America was the largest region in the pet wearable market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pet wearable market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The rise in demand for pet monitoring is expected to propel the growth of the pet wearable market going forward. Pet monitoring refers to the continuous observation of a pet's noise or motion activity and health. Pet wearables are helpful in tracking information regarding pets. As a result, increasing demand for pet monitoring also increases the demand for the pet wearable market.
For instance, according to the COVID-19 Pulse Study 2020, conducted by the American Pet Products Association, 11.38 million U.S. families brought new pets during the pandemic. Furthermore, 72% of the respondents in the study stated that their pet's diet and health were of the utmost priority to them. Additionally, according to the Pet Food Manufacturers Association, a UK-based trade body for the pet food industry, 3.2 million households in the UK acquired a new pet during the COVID-19 pandemic. Therefore, the rise in demand for pet monitoring is driving the pet wearables market.
Adoption of internet of things (IoT)-enabled technologies is a key trend gaining popularity in the pet wearable market. The companies operating in the pet wearable market are increasingly adopting IoT-enabled (Internet of things) technology in pet tracking devices to allow pet owners to seamlessly track the activity and location of their pets.
For instance, in September 2021, Vodafone Group PLC, a UK-based company and manufacturer of pet wearables, launched the Curve Smart GPS tracker pack. It is an IoT-enabled tracker which can be used to accurately pinpoint the pet's location. This product is unique in providing information related to pets using IoT technology.
The countries covered in the pet wearable market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The pet wearable market research report is one of a series of new reports from the publisher that provides pet wearable market statistics, including pet wearable industry global market size, regional shares, competitors with a pet wearable market share, detailed pet wearable market segments, market trends and opportunities, and any further data you may need to thrive in the pet wearable industry. This pet wearable market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Scope
Markets Covered:
1) By Product: Smart Collar; Smart Camera; Smart Harness and Vest; Other Products
2) By Technology: RFID Devices; GPS; Sensor; Bluetooth; Other Technologies
3) By Application: Identification and Tracking; Monitoring and Control; Medical Diagnosis and Treatment; Other Applications
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $3.44 billion |
| Forecasted Market Value (USD) by 2027 | $6.52 billion |
| Compound Annual Growth Rate | 17.3% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Pet Wearable Market Characteristics
3. Pet Wearable Market Trends And Strategies
4. Pet Wearable - Macro Economic Scenario
5. Pet Wearable Market Size And Growth
6. Pet Wearable Market Segmentation
7. Pet Wearable Market Regional And Country Analysis
8. Asia-Pacific Pet Wearable Market
9. China Pet Wearable Market
10. India Pet Wearable Market
11. Japan Pet Wearable Market
12. Australia Pet Wearable Market
13. Indonesia Pet Wearable Market
14. South Korea Pet Wearable Market
15. Western Europe Pet Wearable Market
16. UK Pet Wearable Market
17. Germany Pet Wearable Market
18. France Pet Wearable Market
19. Eastern Europe Pet Wearable Market
20. Russia Pet Wearable Market
21. North America Pet Wearable Market
22. USA Pet Wearable Market
23. South America Pet Wearable Market
24. Brazil Pet Wearable Market
25. Middle East Pet Wearable Market
26. Africa Pet Wearable Market
27. Pet Wearable Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Pet Wearable Market
29. Pet Wearable Market Future Outlook and Potential Analysis
30. Appendix
A selection of companies mentioned in this report includes
- Allflex USA Inc.
- Avid Identification Systems Inc.
- Dairymaster
- Datamars Inc.
- Felcana
- FitBark Inc.
- Garmin Ltd.
- GoPro Inc.
- Intervet Inc.
- Invisible Fence Inc.
- Konectera Inc.
- Scollar Inc.
- Tractive GmbH
- Trovan Global
- PetPace Ltd
- Motorola Mobility LLC
- Num'axes
- Dogtra
- Dog Tracker Nano
- DeLaval Inc.
- Indiegogo Inc.
- GIBI Technologies Inc.
- Nedap
- Omnia Technologies Pvt. Ltd
- Pawbo Inc.
For more information about this report visit https://www.researchandmarkets.com/r/6eudvp
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