Dublin, Jan. 30, 2024 (GLOBE NEWSWIRE) -- The "Pet Travel Services Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
The analysis points out a robust growth within the pet travel services market, underlining a projected expansion from $1.85 billion in 2023 to an expected $2.06 billion in 2024—a remarkable CAGR of 11.3%. This upward trend is anticipated to continue, reaching an impressive $3.02 billion by 2028, at a steady CAGR of 10.0%.
The global landscape of pet travel services is experiencing a surge in demand, as indicated by a comprehensive market research analysis now available. The industry, which facilitates both domestic and international animal transportation, ensures a tailored and secure travel practice for pets worldwide.
Driving the growth of the pet travel services market is an uptick in global pet adoption rates, the emergence of innovative product offerings, and a symbiotic relationship with the burgeoning travel and tourism sector. Pet owners are increasingly seeking comprehensive services that ensure their pets’ safety and comfort during relocation or travel.
Notable Trends and Regional Highlights
- In terms of regional market dominance, North America has taken the lead in the global pet travel services industry as of 2023.
- A recognizable uptrend in pet-friendly travel solutions and amenities has been observed, with airlines, airports, and other travel-related services striving to cater to the growing demographic of traveling pet owners.
- Rising adoption rates of pets have a direct effect on the industry, with rescue groups and shelters contributing to a more mobile pet population.
With a focus on the latest trends, the market research report integrates data on international travel patterns, pet travel amenities, and the adoption of advanced technology, like GPS tracking options for pet travel.
Market Evolution and Competitive Landscape
The pet travel services industry is not only growing; it is also evolving with the introduction of new services designed to enhance the pet travel experience. Regulatory changes, coupled with pet owners' desires for exclusive travel experiences, are influencing the market's evolution.
Amidst the vital developments, major industry players are maximizing market opportunities through strategic collaborations and innovations tailored to pet travel. One such example is the inception of airport certification programs designed to prioritize pets' well-being during air travel.
Spanning various countries and continents, from Australia to the United States, the comprehensive analysis includes detailed insights into market dynamics and forecasts. It shines a light on significant countries contributing to global market growth, helping stakeholders understand regional peculiarities.
The report meticulously studies market value, including revenues earned from essential services like kennel facilities, exercise options, and inclusive pet insurance coverage, supporting the substantial value gains within the industry.
A selection of companies mentioned in this report includes
- PetRelocation
- Air Animal Pet Movers
- Happy Tails Travel Inc.
- Blue Collar Pet Transport
- Across the Pond Pets Travel
- PETport
- Starwood Pet Travel
- JetPetGlobal
- Airpets International
- CitizenShipper
- Tails-A-Wagon Pet and Vehicle Transport
- AirPets Relocation Services Pvt. Ltd.
- Pet Travel Services Guam
- Pawsome Pet Travel Ltd.
- World Care Pet Transport LLC
- PetSafe Inc.
- Pet Express Animal Transport
- Pet Air Carrier LLC
- Pet Van Lines
- Pet Travel Transport
- Aeropets
- Airvets Pet Relocation
- American Airlines Pet Cargo
- Animal Airways
- Animal Land Pet Movers
- Crown Relocations
- Delta Airlines Pet Shipping
- Dog Gone Taxi
- Dogtainers
- Fetch Pet Care
For more information about this report visit https://www.researchandmarkets.com/r/e74tum
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