Global Pet Tech Market is valued at approximately USD 5.9 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 15.21% over the forecast period 2024-2032. Pet Tech is the technology used to improve the health, wellbeing and safety of pets. There are a numerous products available in the market for pet tech such pet wearables, smart feeders and water dispensers, pet cameras and monitors, automatic pet toys, pet training devices and more. These innovations aim to improve pet care by offering more convenient, efficient, and personalized solutions for monitoring pets' health, ensuring their safety, and providing entertainment. The Growing trend of pet awareness across the countries stimulate the Global Pet Tech Market growth. Awareness regarding the importance of pet health accelerate the demand for innovative pet monitoring devices which are available in the global Pet Tech Market.
The growing awareness about physical and mental health of pets is driving the Global Pet Tech Market as these product helps in maintaining the good health of pets like smart feeders and pet training devices. The most extensively used pet wearables technology product is smart collar contains GPS tracking, WI -FI connectivity, and mostly the activity tracking and monitoring are integrated into the pet tech gadgets which increased the demand for these in the market. The increase demand for remote tracking and monitoring of pets leads to rise in the number of pet smart device start-up companies across the globe. Although the pet tech products are costly and anticipated to restrict the market growth. The majority of gadgets require intermittent charging, which makes them difficult to operate. Certain devices such as collar trackers are irritating for pets and can cause rashes and infections which hinders the market growth.
The key regions considered for the Global Pet Tech Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, US is dominating the Global Pet Tech Market. The pet adoption rate in US is higher across the globe and is adopted by younger generations and baby boomers, this led the adoption of the innovative pet tech products for enhancing the pet's well-being and health inn US. The Asia Pacific region is the fastest growing region because of the growing urbanisation, expanding pet ownership, and rising pet care awareness are the main drivers of this growth.
Major market player included in this report are:
- Go Pro Inc.
- Fit Bark Inc.
- Garmin Internation Inc.
- Clever Pet Inc.
- Dogtra Co.
- Konectera Inc.
- Motorola Solutions Inc.
- Pow Bo Inc.
- Smart Pet Love
- Scollar Inc.
The detailed segments and sub-segment of the market are explained below:
By Type
By Product
- Monitoring Equipment
- Tracking Equipment
- Entertainment Equipment
- Feeding Equipment
- Pet Wearables
- Others
By Application
- Pet Safety
- Pet Healthcare
- Pet Owner Convenience
- Communication & Entertainment
By End User
By Distribution Channel
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- RoMEA
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market.
Table of Contents
Chapter 1.Global Pet Tech Market Definition and Research Assumptions
- 1.1.Research Objective
- 1.2.Market Definition
- 1.3.Research Assumptions
- 1.3.1.Inclusion & Exclusion
- 1.3.2.Limitations
- 1.3.3.Supply Side Analysis
- 1.3.3.1.Availability
- 1.3.3.2.Infrastructure
- 1.3.3.3.Regulatory Environment
- 1.3.3.4.Market Competition
- 1.3.3.5.Economic Viability (Consumer's Perspective)
- 1.3.4.Demand Side Analysis
- 1.3.4.1.Regulatory frameworks
- 1.3.4.2.Technological Advancements
- 1.3.4.3.Environmental Considerations
- 1.3.4.4.Consumer Awareness & Acceptance
- 1.4.Estimation Methodology
- 1.5.Years Considered for the Study
- 1.6.Currency Conversion Rates
Chapter 2.Executive Summary
- 2.1.Global Pet Tech Market Size & Forecast (2022- 2032)
- 2.2.Regional Summary
- 2.3.Segmental Summary
- 2.3.1.By Type
- 2.3.2.By Product
- 2.3.3.By Application
- 2.3.4.By End User
- 2.3.5.By Distribution Channel
- 2.4.Key Trends
- 2.5.Recession Impact
- 2.6.Analyst Recommendation & Conclusion
Chapter 3.Global Pet Tech Market Dynamics
- 3.1.Market Drivers
- 3.2.Market Challenges
- 3.3.Market Opportunities
Chapter 4.Global Pet Tech Market Industry Analysis
- 4.1.Porter's 5 Force Model
- 4.1.1.Bargaining Power of Suppliers
- 4.1.2.Bargaining Power of Buyers
- 4.1.3.Threat of New Entrants
- 4.1.4.Threat of Substitutes
- 4.1.5.Competitive Rivalry
- 4.1.6.Futuristic Approach to Porter's 5 Force Model
- 4.1.7.Porter's 5 Force Impact Analysis
- 4.2.PESTEL Analysis
- 4.2.1.Political
- 4.2.2.Economical
- 4.2.3.Social
- 4.2.4.Technological
- 4.2.5.Environmental
- 4.2.6.Legal
- 4.3.Top investment opportunity
- 4.4.Top winning strategies
- 4.5.Disruptive Trends
- 4.6.Industry Expert Perspective
- 4.7.Analyst Recommendation & Conclusion
Chapter 5.Global Pet Tech Market Size & Forecasts by Type 2022-2032
- 5.1.RFID
- 5.2.GPS
- 5.3.Sensors
- 5.4.Others
Chapter 6.Global Pet Tech Market Size & Forecasts by Product 2022-2032
- 6.1.Monitoring Equipment
- 6.2.Tracking Equipment
- 6.3.Entertainment Equipment
- 6.4.Feeding Equipment
- 6.5.Pet Wearables
- 6.6.Others
Chapter 7.Global Pet Tech Market Size & Forecasts by Application 2022-2032
- 7.1.Pet Safety
- 7.2.Pet Healthcare
- 7.3.Pet Owner Convenience
- 7.4.Communication & Entertainment
Chapter 8.Global Pet Tech Market Size & Forecasts by End User 2022-2032
- 8.1.Household
- 8.2.Commercial
Chapter 9.Global Pet Tech Market Size & Forecasts by Distribution Channel 2022-2032
Chapter 10.Global Pet Tech Market Size & Forecasts by Region 2022-2032
- 10.1.North America Pet Tech Market
- 10.1.1.U.S. Pet Tech Market
- 10.1.1.1.Type breakdown size & forecasts, 2022-2032
- 10.1.1.2.Product breakdown size & forecasts, 2022-2032
- 10.1.1.3.Application breakdown size & forecasts, 2022-2032
- 10.1.1.4.End User breakdown size & forecasts, 2022-2032
- 10.1.1.5.Distribution Channel breakdown size & forecasts, 2022-2032
- 10.1.2.Canada Pet Tech Market
- 10.2.Europe Pet Tech Market
- 10.2.1.U.K. Pet Tech Market
- 10.2.2.Germany Pet Tech Market
- 10.2.3.France Pet Tech Market
- 10.2.4.Spain Pet Tech Market
- 10.2.5.Italy Pet Tech Market
- 10.2.6.Rest of Europe Pet Tech Market
- 10.3.Asia-Pacific Pet Tech Market
- 10.3.1.China Pet Tech Market
- 10.3.2.India Pet Tech Market
- 10.3.3.Japan Pet Tech Market
- 10.3.4.Australia Pet Tech Market
- 10.3.5.South Korea Pet Tech Market
- 10.3.6.Rest of Asia Pacific Pet Tech Market
- 10.4.Latin America Pet Tech Market
- 10.4.1.Brazil Pet Tech Market
- 10.4.2.Mexico Pet Tech Market
- 10.4.3.Rest of Latin America Pet Tech Market
- 10.5.Middle East & Africa Pet Tech Market
- 10.5.1. Saudi Arabia Pet Tech Market
- 10.5.2. South Africa Pet Tech Market
- 10.5.3.Rest of Middle East & Africa Pet Tech Market
Chapter 11.Competitive Intelligence
- 11.1.Key Company SWOT Analysis
- 11.2.Top Market Strategies
- 11.3.Company Profiles
- 11.3.1. Go Pro Inc.
- 11.3.1.1.Key Information
- 11.3.1.2.Overview
- 11.3.1.3.Financial (Subject to Data Availability)
- 11.3.1.4.Product Summary
- 11.3.1.5.Market Strategies
- 11.3.2. Fit Bark Inc.
- 11.3.3.Garmin Internation Inc.
- 11.3.4.Clever Pet Inc.
- 11.3.5.Dogtra Co.
- 11.3.6.Konectera Inc.
- 11.3.7.Motorola Solutions Inc.
- 11.3.8.Pow Bo Inc.
- 11.3.9.Smart Pet Love
- 11.3.10.Scollar Inc.
Chapter 12.Research Process
- 12.1.Research Process
- 12.1.1.Data Mining
- 12.1.2.Analysis
- 12.1.3.Market Estimation
- 12.1.4.Validation
- 12.1.5.Publishing
- 12.2.Research Attributes