Dublin, Sept. 14, 2023 (GLOBE NEWSWIRE) -- The "Global Pet Services Market by Pet Services (Birds, Cats, Dogs), Service (Pet Boarding, Pet Finding, Pet Grooming), Delivery Channel - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Forecast 2023-2030" report has been added to ResearchAndMarkets.com's offering.
The Global Pet Services Market size was estimated at USD 26.61 billion in 2022, USD 29.56 billion in 2023, growing at a CAGR of 11.58% to reach USD 63.96 billion by 2030.
In this report, 2018 to 2021 are considered as historical years, 2022 is the base year, 2023 is the estimated year, and years from 2024 to 2030 are considered as the forecast period.
The report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading. Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.
The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share.
The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Market Segmentation & Coverage:
This research report categorizes the Global Pet Services Market in order to forecast the revenues and analyze trends in each of the following sub-markets:
- Based on Pet Services, the market is studied across Birds, Cats, Dogs, Exotics, and Small Mammals. The Dogs is projected to witness a significant market share during the forecast period.
- Based on Service, the market is studied across Pet Boarding, Pet Finding, Pet Grooming, Pet Training, Pet Transportation, Pet Walking, Poop Scooping, and Portrait & Photography. The Pet Finding is projected to witness a significant market share during the forecast period.
- Based on the Delivery Channel, the market is studied across At-Home, Commercial Facilities, Mobile/Outdoors, and Online. The At-Home is projected to witness a significant market share during the forecast period.
- The Americas commanded the largest market share of 38.75% in 2022, followed by Europe, Middle East & Africa.
The report answers questions such as:
- What is the market size and forecast of the Global Pet Services Market?
- What are the inhibiting factors and impact of COVID-19 shaping the Global Pet Services Market during the forecast period?
- Which are the products/segments/applications/areas to invest in over the forecast period in the Global Pet Services Market?
- What is the competitive strategic window for opportunities in the Global Pet Services Market?
- What are the technology trends and regulatory frameworks in the Global Pet Services Market?
- What is the market share of the leading vendors in the Global Pet Services Market?
- What modes and strategic moves are considered suitable for entering the Global Pet Services Market?
Market Dynamics
Drivers
- Increase in the number of pet owners and rising expenditure on pets
- The surge in demand for professional grooming services
- Growing popularity of serial house-sitting among retired and self-employed persons
Restraints
- High cost of pet ownership, care, and services
Opportunities
- Technological innovation in the pet services industry
- Emerging popularity of premium and luxurious pet care products
Challenges
- Lack of awareness about pet care services among consumers
Competitive Portfolio
- Anvis Inc.
- Bark Busters North America LLC
- Barking Mad Limited
- Camp Bow Wow Franchising, Inc.
- Dogtopia Enterprises, LLC
- DoodyCalls Franchising SPE LLC by Authority Brands, Inc.
- Fetch! Pet Care, Inc.
- My Best Friend Dog Care Franchise Operations Ltd.
- Pet Butler LLC
- PetBacker
- Petco Animal Supplies Stores, Inc.
- Petsfolio Pet Services Pvt Ltd.
- PetSmart LLC
- Sit Means Sit
- We Love Pets Ltd.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 180 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $29.56 Billion |
| Forecasted Market Value (USD) by 2030 | $63.96 Billion |
| Compound Annual Growth Rate | 11.5% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/ihxrkp
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