Global Pet Travel Services Market Size Is Predicted to Grow Around $1290 Million Mark by 2030, Expanding at a 5.39% of CAGR

Houston, TX, April 03, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Pet Travel Services Market By Travel Type (International And Domestic), By Pet Type (Cats, Dogs, And Others), By Booking Type (Offline Bookings And Online Bookings), By Application (Relocation And Transportation), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.

“According to the latest research study, the demand of global Pet Travel Services Market size & share in terms of revenue was valued at USD 800 million in 2022 and it is expected to surpass around USD 1290 million mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 5.39% during the forecast period 2023 to 2030.”

What are Pet Travel Services? How big is the Pet Travel Services Industry?

The market is highly fragmented, with several large players operating in different regions of the world. Some of the major players in the pet travel services market include PetSafe, Inc., Happy Tails Travel, Inc., Air Animal Pet Movers, and WorldCare Pet Transport, among others. The market is expected to continue growing in the future, driven by the increasing pet ownership and the rising demand for pet-friendly travel options.

Pet Travel Services Market Coverage & Overview:

The global pet travel services market size was worth around USD 800 Million in 2022 and is predicted to grow to around USD 1290 Million by 2030 with a compound annual growth rate (CAGR) of roughly 5.39% between 2023 and 2030.

Pet travel services are related to activities that surround the transportation of animals, especially domesticated animals also known as pets. These services include scheduling pick-and-drop or concierge assistance for animals which includes international or domestic travel, pet relocation, or veterinary visits. Transportation generally occurs using airplanes or cars. The most common and widely accepted aspect of pet travel requires the production of health certificates, import permits, vaccinations certificate, and rabies titer tests. Certain breeds of animals cannot be transported in certain regions which is influenced by the high risk of pet travel.

Furthermore, service providers have to ensure that they obtain the necessary licensing from issuing bodies before they can act as registered pet travel service agents. There are several laws that govern international travel for animals. For instance, the International Air Transport Association has set minimum standards that have to be adhered to for transporting live animals across borders.

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Global Pet Travel Services Market: Growth Factors

The global pet travel services market is projected to grow owing to the increasing demand for pet inclusivity from pet owners. The world is witnessing a shift in how animals are treated including stay and transportation. Pet owners are becoming increasingly aware of their rights and demand better inclusivity. Various international and domestic bodies around the world are working consistently to ensure that animals do not suffer from any mistreatment while being cared for at home or during transportation from one location to another. Numerous registered pet shippers specialize in pet shipping since they require special attention and the process is vastly different from human transportation.

Additionally, pet tourism is registering exponential growth due to several factors including a growing number of families willing to spend extra money for traveling with pets along with changing attitudes. The increasing investments in the development of pet-friendly infrastructure across developed and developing countries are also a major cause for global industry growth. This is further encouraged by the rise in the number of players providing excellent services at reasonable prices.

However, there are several issues that can impede the global sales volume in the pet travel services industry during the projection period. Factors like increasing animal death rates while transportation along with the rise in the missing rate of pets are a cause of concern. For instance, United Airlines recorded the death of nearly 75% of the animals being carried between 2015 and 2017. Other issues like increased rate of health issues depending on animal breed while transportation can also cause less revenue. Dog breeds like pugs and bulldogs or personal cats are known to be extremely sensitive to respiratory issues. During pet shipping, the short nasal passage can make them vulnerable to situations in which there is a scarcity of oxygen causing them to suffer from heat stroke.

The growing innovation could provide growth opportunities while maintaining service quality may act as a challenge during the expansion phase.

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Report Scope

Segmentation Analysis: Segmentation Analysis

The global pet travel services market is segmented based on travel type, pet type, booking type, application, and region

Based on travel type, the global market is segmented into international and domestic.

Based on pet type, the global market divisions are cats, dogs, and others.

• The year 2022 registered the highest growth in the dogs segment which dominated almost 59.9% of the segmental share
• Dogs have, for a long time, been the best companion to mankind. They are now also acting as service dogs since they are scientifically known to reduce anxiety which many people suffer from during long hours of travel
• The cats segment registered a CAGR of 10.1% in 2022

Based on booking type, the pet travel services industry is segmented into offline bookings and online bookings.
Based on application, the global market is divided into relocation and transportation.

• The year 2022 may register a CAGR of 10% during the forecast period and is expected to emerge as the fastest-growing segment
• The growth is projected to be driven by the increasing willingness of pet owners to travel with their pets encouraged by a growing number of service providers and pet-friendly accommodations
• Furthermore increase in activities like regular veterinary clinic visits, routine check-ups, and other reasons has led to an increase in pet travel initiating the need for better supportive services

The global Pet Travel Services market is segmented as follows:

By Travel Type

• International
• Domestic

By Pet Type

• Cats
• Dogs
• Others

By Booking Type

• Offline Bookings
• Online Bookings

By Application

• Relocation
• Transportation

Browse the full “Pet Travel Services Market By Travel Type (International and Domestic), By Pet Type (Cats, Dogs, and Others), By Booking Type (Offline Bookings and Online Bookings), By Application (Relocation and Transportation), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2023 – 2030”- Report at https://www.zionmarketresearch.com/report/pet-travel-services-market

Competitive Landscape

Some of the main competitors dominating the global Pet Travel Services market include - 

• Citizen Shipper
• Airpets International
• World Care Pet Transport LLC
• Royal Paws
• Starwood Pet Travel
• Aark Air International Inc.
• Air Animal Inc.
• All Care Pet Transport.
• Jet Pet Global
• PetRelocation Inc.
• Happy Tails Travel Inc.
• Across the Pond Pets Travel.
• Blue Collar Pet Transport
• Fetchapet Ltd.
• Worldwide Animal Travel Ltd.
• Flypets UK
• Tails-A-Wagon Pet and Vehicle Transport
• Petport
• Cargolution Inc.
• Aeropets Worldwide.

 Key Insights from Primary Research:

• According to the analysis shared by our research forecaster, the Pet Travel Services market is likely to expand at a CAGR of around 5.39% during the forecast period (2023-2030).                  
• In terms of revenue, the Pet Travel Services market size was valued at around US$ 800 million in 2022 and is projected to reach US$ 1290 million by 2030.
• The market is projected to grow at a significant rate due to the growing adoption of pets
• Based on booking type segmentation, online bookings were predicted to show maximum market share in the year 2022
• Based on travel type segmentation, international was the leading type in 2022
• On the basis of region, North America was the leading revenue generator in 2022

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Key questions answered in this report:

• What is the market size and growth rate forecast for Pet Travel Services industry?
• What are the main driving factors propelling the Pet Travel Services Market forward?
• What are the leading companies in the Pet Travel Services Industry?
• What segments does the Pet Travel Services Market cover?
• How can I receive a free copy of the Pet Travel Services Market sample report and company profiles?

Key Offerings:

• Market Size & Forecast by Revenue | 2023−2030
• Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
• Market Segmentation – A detailed analysis By Travel Type, By Pet Type, By Booking Type, By Application, And By Region
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Regional Analysis:

North America is anticipated to lead the global pet travel services market with the US emerging as the regional leader. The growth may be driven by the rise in the number of pet parents across the country along with increasing demand for pet inclusivity. The high disposable income in the region allows them to spend extravagantly on traveling with pets. Asia-Pacific is projected to emerge as a lucrative market given the increasing population and the subsequent rise in pet adoption. The growing initiatives undertaken by domestic animal agencies to create pet-friendly travel and stay services could cause higher regional growth. Rapid tourism advancements in India, China, Japan, and South Korea are expected to emerge as appealing factors for growth.

By Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • France
  • UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Recent Developments

• In February 2019, Grab, a Singapore-based multinational technology company, announced the beta launch of GrabPet. It will allow Singaporean citizens to travel with their pets within the country. GrabPet is the country's first service of its kind
• In June 2022, Hilton and Mars Petcare, the latter being the world’s most dominating pet care company, entered a partnership that will allow 85% of the hotel’s properties to seemingly become pet friendly

To know an additional revised 2023 list of market players, request a brochure of the report: https://www.zionmarketresearch.com/requestbrochure/pet-travel-services-market

Pet Travel Services Market: Opportunities

Growing innovation to provide growth opportunities

As a result of the increasing number of research and development programmes that are being carried out to make the process of transporting pets more comfortable for both the pets and their owners, the global market for pet travel services is anticipated to experience higher growth opportunities in the near future. This may be observed in the release of innovative pet carriers, strollers, and backpacks that are designed to improve the experience of transporting pets. In addition, the owners are given external aid from the service providers in order to guide them through the complicated documentation procedure, which is a big issue for any customer of a service.

FREQUENTLY ASKED QUESTIONS

• What is pet travel services?
• Which key factors will influence pet travel services market growth over 2023-2030?
• What will be the value of the pet travel services market during 2023-2030?
• What will be the CAGR value of the pet travel services market during 2023-2030?
• Which region will contribute notably towards the pet travel services market value?
• Which are the major players leveraging the pet travel services market growth?

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