Dublin, October 13, 2023 (GLOBE NEWSWIRE) — The “Global Pet Carrier Market Report 2023” the report has been added to ResearchAndMarkets.com offer.
The global pet carrier market is on a growth trajectory, expected to grow from $868.65 billion in 2022 to approximately $913.98 billion in 2023, reflecting a compound annual growth rate (CAGR ) healthy 5.2%. The market is expected to continue its upward trend and reach $1,129.19 billion by 2027, maintaining a CAGR of 5.4%.
Key players in the pet carrier market include Paws & Pals Inc., MidWest homes for Pets, Ferplast SpA, EliteField LLC, Pet-Tom, Pet Gear Inc., Coastal Pet, Pet Life LLC, Worldwide Inc. , Snoozer Pet Products, Sleeko. , Prefer Pets Travel Gear, Gen 7 Inc., Outward Hound, K&H Manufacturing LLC, Sherpa Pet and Quaker Pet Group Inc.
Reasons to buy
- Get a complete global perspective with extensive coverage in more than 50 geographies.
- Understand the market response to the impact of the COVID-19 pandemic.
- Evaluate the impact of the Russo-Ukrainian War on agriculture, energy, and the supply of mineral raw materials, as well as its indirect effects on the pet carrier market.
- Measure the influence of high global inflation on market growth.
- Develop regional and country-specific strategies based on localized data and analysis.
- Identify investment opportunities in growth segments.
- Leverage forecast data and market drivers to outperform your competitors.
- Stay informed about the latest market shares.
- Compare your performance to that of your main competitors.
Overview of pet carriers
Pet carriers are portable, secure containers or cages used to transport small animals safely from one location to another. They provide a feeling of security while ensuring the protection of pets during travel.
Types of Pet Carriers
There are different types of pet carriers, including soft bags, hard kennels, backpacks and carriers. Soft bags are compact, breathable containers made from durable materials such as polyester, microfiber or nylon. They are suitable for different types of pets, including dogs, cats and guinea pigs, and are sold through several sales channels, including supermarkets, specialty stores, online retailers, etc.
Technological innovation
Technological innovation is a notable trend in the pet carrier market, with major companies focusing on developing advanced solutions to improve their market position. For example, Delta Air Lines launched CarePod, an innovative pet travel solution featuring a built-in hydration system, powerful GPS tracking and industrial strength walls for temperature protection.
Acquisitions
In February 2022, Pet Value Holdings Ltd., a Canadian supplier of pet products, acquired Chico Inc., a U.S. supplier of pet carriers and related products. This strategic acquisition strengthens both companies and expands Chico’s coverage across Canada.
Dominance of North America
North America emerged as the largest region in the pet carrier market in 2022, with Asia Pacific expected to be the fastest growing region during the forecast period. The report covers regions such as Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Countries covered
Countries covered in the pet carrier market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea South, the United Kingdom and the United States.
Growing adoption of pets
The increasing rate of pet adoption is expected to drive the pet carrier market. Pet adoption involves taking custody and responsibility for animals from previous owners or shelters. Pet carriers facilitate the safe transportation of animals and can be used as indoor or outdoor kennels. The increasing adoption of pets is contributing to the growth of the market.
For example, according to Chewy, Inc., there were approximately 977,202 pet adoptions in the United States in 2021, representing the highest adoption rate in six years, with 61% of pets being company having found a home.
Additionally, a national survey by Animal Medicines Australia found that around 48% of Australian households owned dogs, making them the most common pets. This indicates a growing trend of pet ownership.
About the pet carrier market
The pet carrier market encompasses the sale of rigid carriers and rolling carriers. Market value includes goods sold by manufacturers or creators of pet carriers and associated services.
Key Attributes:
Report attribute | Details |
Number of pages | 275 |
Forecast period | 2023 – 2027 |
Estimated market value (USD) in 2023 | $913.98 billion |
Projected Market Value (USD) by 2027 | $1,129.19 billion |
Compound annual growth rate | 5.4% |
Regions covered | Global |
Key topics covered:
1. Summary
2. Characteristics of the pet carrier market
3. Pet Carriers Market Trends and Strategies
4. Pet Carriers Market – Macroeconomic Scenario
4.1. Impact of COVID-19 on the Pet Carrier Market
4.2. Impact of Ukraine-Russia War on Pet Carrier Market
4.3. Impact of High Inflation on the Pet Carrier Market
5. Pet Carrier Market Size and Growth
5.1. Historical Global Pet Carrier Market, 2017-2022, Billion Dollars
5.1.1. Market drivers
5.1.2. Market Restrictions
5.2. Global Pet Carrier Forecast Market, 2022-2027F, 2032F, Billion USD
5.2.1. Market drivers
5.2.2. Market Restrictions
6. Pet Carriers Market Segmentation
6.1. Global Pet Carriers Market, Segmentation by Product Type, Historical and Forecast, 2017-2022, 2022-2027F, 2032F, Billion USD
- Soft side bag
- Hard kennel
- Backpack
- Sling holder
6.2. Global Pet Carriers Market, Segmentation by Pet Type, Historical and Forecast, 2017-2022, 2022-2027F, 2032F, Billion USD
6.3. Global Pet Carriers Market, Segmentation by Sales Channel, Historical and Forecast, 2017-2022, 2022-2027F, 2032F, Billion USD
- Supermarkets
- Specialty stores
- Online stores
- Other channels
7. Regional and Country Analysis of Pet Carrier Market
7.1. Global Pet Carriers Market Segmented By Region, Historical and Forecast, 2017-2022, 2022-2027F, 2032F, Billion USD
7.2. Global Pet Carriers Market, Split By Country, History and Forecast, 2017-2022, 2022-2027F, 2032F, Billion USD
For more information on this report, visit https://www.researchandmarkets.com/r/eas978
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source of market research reports and international market data. We provide you with the latest data on international and regional markets, key industries, largest companies, new products and latest trends.