Pet Services Market is set to experience a significant growth rate of 8.2% CAGR from 2022 to 2029

PRESS RELEASE
Published January 31, 2023

Global Pet Services Market Size study & Forecast, by Pet Type by Service Type, by Delivery Channel and Regional Analysis, 2022-2029, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Pet Services market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Pet Services market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region

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Global Pet Services Market is valued at approximately USD 23.0 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 8.2% over the forecast period 2022-2029. Pet Services refers to locations where domestic animals are groomed. Animal boarding, pet sales, grooming, and pet shops are examples of pet services. The Pet Services market is expanding because of factors such as an increase in the Number of Pet Owners and increased Spending on Pets. However, may halt market growth.

According to the American Pet Products Association’s (APPA) National Pet Owner’s Survey (2020-2021), there are about 90.5 million pet-owning homes in the United States. Over the past 30 years, the percentage of households with pets has increased from 56.0% to 68.0%. A significant rise in goods and services targeted at wealthy pet owners can be attributed to the surge in pet care spending. As pets are seen as good companions for the elderly, the growing older population in industrialized nations is driving the rise of the worldwide pet daycare and lodging business. Customization is more appealing to clients since it gives the pet a more unique personality, and it is anticipated that this element will have a significant impact on the expansion of the pet service. However, the high cost of Pet Services stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Pet Services Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Among these regions, North America holds the highest share owing to factors such as rising number of pet ownership, and rising spending on pet grooming, Furthermore, the Asia Pacific region is also growing at a highest rate owing to factors such as rising disposable income in key markets, an increase in the pet population, and the availability of pet care providers all create the profitable potential for the forecast period in the region.

 

Major market players included in this report are:

  • A Place for Rover, Inc.
  • Pets at Home, Inc.
  • Wag Labs, Inc.
  • Highland Canine Training, LLC
  • Dogtopia Enterprises
  • Pooch Dog SPA
  • American Pet Resort, LLC
  • Pawz and Company
  • AirPets International
  • Paradise 4 Paws, LLC

 

Recent Developments in the Market:

 

In July 2021, Nebula Caravel Acquisition Corp. announced the acquisition of Rover. With this acquisition, the company would have better access to a variety of stakeholders, which will help it gain market share in the sector.

In 2020, We Love Pets opened a pet grooming salon in Trowbridge, offering a variety of salon services for dogs of every breed, size, and coat. Pets can enjoy massages with honey and oats, treatments for bad breath, and so on. The company’s service portfolio was increased because of this service innovation, which also increased regional market share.

Global Pet Services Market Report Scope:

Historical Data: 2019-2020-2021

Base Year for Estimation: 2021

Forecast period: 2022-2029

 

Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends

Segments Covered: Pet Type, Service Type, Distribution Channel, Region

Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World

 

Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Pet Type offerings of key players. The detailed segments and sub-segment of the market are explained below:

 

By Pet Type:

  • Dogs
  • Cats
  • Others

 

By Service Type:

  • Pet Boarding
  • Pet Training
  • Pet Grooming
  • Pet Transportation
  • Dog Walking
  • Others

 

By Delivery Channel:

  • Commercial facilities
  • Mobile/ Outdoors
  • Others

Our market research provides vital intelligence on market size, business trends, industry structure, market share, and market forecasts that are essential to developing business plans and strategy.

A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

covid-19 scenario Market Behavior/ Level of Risk and Opportunity End Industry Behavior/ Opportunity Assessment Expected Industry Recovery Timeline Business Impact Horizon
Opening of Economy by Q3 2020 xx xx xx xx
Recovery – Opening of Economy extended till Q4 2020 / Q1 2021 xx xx xx xx

Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.

Study Explore :

  • Market Behavior/ Level of Risk and Opportunity
  • End Industry Behavior/ Opportunity Assessment
  • Expected Industry Recovery Timeline

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Each study, more than 100+ pages, is packed with tables, charts and insightful narrative including coverage on: Report Ocean provides complete tailor-made market reports that deliver vital market information on industry. Our market reports include:

  • Market Sizing and Structuring
  • Micro and macro analysis
  • Regional dynamics and Operational landscape
  • Demographic profiling and Addressable market
  • Legal Set-up and Regulatory frameworks
  • Profitability and Cost analysis
  • Segmentation analysis of Market
  • Existing marketing strategies in the market, Best practice, GAP analysis
  • Competitive landscape, Leading market players, Benchmarking
  • Future market trends and opportunities – Scenario modeling

 

Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.

 

Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam

In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.

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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis Our team will be able to provide clear answers, identify key opportunities, new investments, and recommend high quality strategy routes in the market. These answers will include a holistic analysis of the:

  • Existing market infrastructures
  • Market challenges and opportunities
  • Potential for growth in certain industries in the coming years
  • End-consumer target groups and their potential volumes of operation
  • Best regions and segments to target
  • Pros and cons of various promotion models
  • Touch points and an opportunity breakdown within the value chain
  • Market size and growth rate during forecast period.
  • Key factors driving the Market.
  • Key market trends cracking up the growth of the Market.
  • Challenges to market growth.
  • Key vendors of Market.
  • Detailed SWOT analysis.
  • Opportunities and threats faces by the existing vendors in Global Market.
  • Trending factors influencing the market in the geographical regions.
  • Strategic initiatives focusing the leading vendors.
  • PEST analysis of the market in the five major regions.

 

The Study Explore COVID 19 Outbreak Impact Analysis

 

  • What should be entry strategies, countermeasures to economic impact, and marketing channels?
  • What are market dynamics?
  • What are challenges and opportunities?
  • What is economic impact on market?
  • What is current market status? What’s market competition in this industry, both company, and country wise? What’s market analysis by taking applications and types in consideration?

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Key Points Covered in Pet Services Market Report:

Global Pet Services Market Research Report
Section 1: Global Pet Services  Industry Overview
Section 2: Global Economic Impact on Pet Services  Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Pet Services  Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Pet Services  Market Forecast

……..and view more in complete table of Contents

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