Dublin, April 17, 2024 (GLOBE NEWSWIRE) — “Pet Accessories – Global Strategic Business Report” has been added to the ResearchAndMarkets.com’s offering.
The global market for Pet Accessories estimated at US $ 34.7 Billion in the year 2023, is expected to reach a revised size of US $ 55.4 Billion by 2030, growing at a CAGR of 6% during the review period 2023 -2030.
Pet Toys, one of the segments analyzed in the report, is expected to record a 6.5% CAGR and reach US$24.7 Billion by the end of the review period. Growth in the Other Pet Products segment is estimated at 5.6% CAGR for the next 8 years.
The US Pet Accessories market is estimated at US$13.6 Billion by the year 2023. China, the world’s second largest economy, is estimated to reach an expected market size of US$7.9 Billion by the year 2030 chasing a CAGR of 7.8% in over the review period 2023 to 2030.
Among other notable geographic markets are Japan and Canada, each forecast to grow at 5.1% and 5.2% respectively during the period 2023-2030. Within Europe, Germany is forecast to grow at around 5.5% CAGR.
Main Topics Covered:
MARKET OVERVIEW
- Pet Accessories Market Set for Rapid Growth, After COVID-19
- The US and Europe dominate the Regional Landscape
- Asia-Pacific (including China) Emerges as the Fastest Growing Region
- Increase in Pet Ownership to Fuel Market Growth
- Pet Facts Around the World: Snapshot
- Dogs and Cats: Major Categories of the Pet Accessories Market
- Pet Toys – A Key Growth Driver for the Pet Accessories Market
- Interactive Toys Find Favor with Pet Owners
- Popular Dog Toys in a Nutshell
- Popular Cat Toys in a Nutshell
- Competitive Landscape
- Pet Accessories – Key Market Competitors Percentage by 2023 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Global Players in 2023 (E)
- Recent Market Activity
- Innovations
- World brands
FOCUS ON SELECT PLAYERS (Total 167 Featured)
- Bed Bath & Beyond, Inc.
- Armitage Pet Care
- DoggyMan HA Co., Ltd.
- Canine Styles, Inc.
- Ancol Pet Products Limited
- Bob Martin UK Ltd
- Doskocil Manufacturing Company, Inc. (dba Petmate)
- Dalian Wanda Group
- Dogline
- EzyDog Australia Pty Ltd
- Dobbies Garden Centers Limited
- Get Pet Products, LLC.
- Coastal Pet Products, Inc.
- Formula One Licensing BV
- CAROLE MARTIN COMFORT WEAR
TRENDS and DRIVERS in the market
- Increasing Spending on Pets in Countries to Benefit Pet Accessories Market
- Pet Humanization – A Pivotal Growth Driver for the Pet Accessories Market
- Increase in Preference for Natural and Environment Friendly Pet Accessories
- Sustainable Pet Products are increasing in popularity
- Premiumization Means Great for Market Growth
- Growing Trend of Customization in Pet Accessories
- Technological Innovations and New Product Developments Maintain Growth Momentum
- Innovations in Dog Toys
- Robotic Cameras Gain Traction
- Arrival of Smart Pet Accessories: A Major Trend
- Wearable Pet Devices Witness Rising Popularity
- As a Trendsetter in the Pet Industry, US Pet Wearables Demand Continues to Expand to Benefit Demand for Smart Collars: US Pet Wearable Market (In US$ Million) for the Years 2018, 2021 and 2023
- Pets Used as Stress Busters in Organizations
- Increased Popularity of Pet Grooming Products
- All Natural, Organic, Botanical Pet Grooming Products
- Competitive Landscape
- Offline Distribution Leads, Online Soars in Popularity
- Pet Collars and Beds – Significant Income Generators
- Choose Flea Collars
- Select Cat Collars
- Select Smart Collar/ Tracking Devices for Cat
- Choose Types of Dog Beds
- E-Commerce Registers Dramatic Growth
- Online Channels Appear as Bright Spots
- Robots Have Entered the Pet Accessories Market
- Pet Shampoo Market Poised to Witness Shiny, Bright Years
- Dog Products and Commercial Rule Segments in the Global Pet Shampoo Market
- Pet Furniture Market Records Rapid Growth
- Customized Pet Furniture Wins Big
- Pet Care is Going Digital
- Fashionable and Multifunctional Pet Accessories Make a Cut
- Growing Urbanization and Middle Class Populations in Developing Regions Improve Prospects
- World Urban Population in Millions and as a Percentage of Total Population for the Period 1950-2050
- Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 and 2035
Key Features:
| Report Properties | Details |
| Number of Pages | 373 |
| Forecast Period | 2023 – 2030 |
| Estimated Market Value (USD) in 2023 | $34.7 Billion |
| Estimated Market Value (USD) by 2030 | $55.4 Billion |
| Compound Annual Growth Rate | 6.9% |
| Regions Covered | Global |
New Report Features
- Full access to influencer engagement statistics
- Free access to digital archives and research platforms. The proprietary platform is fully enabled to unlock the creativity and market knowledge of domain experts worldwide in a coherent and collaborative manner. Innovative tools bring world class insight to the market while protecting the privacy and identity of participants. The numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
- Opportunity to interact with interactive questionnaires combined with real-time data simulator tools and custom report generation capabilities
- Full client access to peer collaborative and interactive platform for cross-enterprise intelligent exchange of ideas
- Complimentary report updates for one year
- Competitor coverage in the global market share of key players
- Market player presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
- Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes
For more information about this report visit https://www.researchandmarkets.com/r/r18y5x
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