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The animal cage market share is expected to increase to USD 1262.98 thousand from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.97%.
This animal cage market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers animal cage market segmentation by distribution channel (B2B, B2C, and online) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The animal cage market report also offers information on several market vendors, including ADVANTEK, Bass Equipment Co., Cute Pet USA Inc., Diggs Inc., Doskocil Manufacturing Co. Inc., Edemco Dryers Inc., Impactdogcrates, IRIS USA Inc., Kohepets, Mason Co., Medical Master Co. Ltd., MidWest Homes for Pets, Miller Manufacturing Co., Pet House, Pets at Home Group Plc, Petsfit Inc., Prevue Pet Products, Shor Line, SmithBuilt, TECHNIK Ltd., Tecniplast Spa, TRIXIE Heimtierbedarf GmbH and Co. KG, and Kaytee products Inc among others.
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The increasing global pet population is notably driving the animal cage market growth, although factors such as the rapid spread of disease in animal cages may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the animal cage industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Animal Cage Market Driver
One of the key factors driving growth in the animal cage market is the increasing global pet population. The growth of the global pet industry demand is driven by an increase in the number of pets in APAC countries, such as India, China, Thailand, and Vietnam. Favorable economic conditions and better lifestyles have increased the adoption of pets. In Europe, the major markets for pets are France, Germany, and the UK. The growth of the global pet industry has driven the demand for pet insurance. The increase in the demand for pet insurance boosts animal transportation activities, which is expected to attract various logistics service providers (LSPs) to enter the global animal cage market during the forecast period. The safety offered by the air transportation of animals will also bolster the growth of the global animal cage market during the forecast period, as air transportation has reduced the number of injuries, deaths, and loss of animals. Therefore, the global animal cage market is expected to witness growth during the forecast period.
Key Animal Cage Market Trend
The growing demand for animal transportation is an animal cage market trend that is expected to have a positive impact in the coming years. Animal transportation is essential for B2B and B2C distributional, as it provides high-end logistics and supply chain solutions with value-added services (VAS), such as the picking up and delivery of animals. Hence, the demand for animal cages for animal transportation has significantly increased across the world. Vendors operating in the global animal cage market, which provide one-stop solutions for animal transportation, are limited in number. However, the global animal cage market is expected to witness a trend where shippers will prefer logistic service providers that offer one-stop solutions to reduce the management efforts associated with the outsourcing of different tasks to different logistics providers. Toward this objective, companies and organizers of concerts, expos, races, and trade fairs outsource event logistics services. Therefore, the global animal cage market is expected to witness growth.
Key Animal Cage Market Challenge
The rapid spread of disease in animal cages will be a major challenge for the animal cage market during the forecast period. The lack of adequate health management measures results in the frequent occurrence of diseases among animals kept in cages. Animal cages contain a large number of animals that are confined within an enclosed mesh. Most animal diseases are caused by bacterial pathogens and parasitic infections. Environmental factors, such as temperature, salinity, dissolved oxygen, and suspended particulate matter, can also lead to the spread of diseases. The high risk of different diseases due to the confined nature of animal cages reduces the quality of life for animals and adversely affects the demand for animal cages, hindering the growth of the global animal cage market further.
This animal cage market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global animal cage market as a part of the global leisure products market within the global household durables market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the animal cage market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the animal cage market encompasses successful business strategies deployed by the key vendors. The animal cage market is fragmented and the vendors are deploying growth strategies such as focusing on offering animal cages with differentiated features to compete in the market.
Diggs Inc - Diggs Inc. is a privately held company headquartered in the US. It is a regional company generating $15 million in revenues and has around 32 employees. Its revenue from the global animal cage market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The animal cage market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the animal cage market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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38% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for animal cages in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The better economic conditions and the growing disposable income of people in the region have led to an increased demand for meat, dairy products, poultry products, and pets. This will facilitate the animal cage market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the animal cage market in APAC experienced slow growth due to the outbreak of COVID-19. Countries such as India and China were among those severely affected by the pandemic. However, in H1 2021, the introduction of COVID-19 vaccines led to a decline in the number of COVID-19 cases in the region. This led to the lifting of restrictions and the reopening of manufacturing units for animal cages, which increased the sales of animal cages in the region.
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The animal cage market share growth by the B2B segment will be significant during the forecast period. The global animal cage market is expected to witness considerable growth owing to the growth of the B2B segment, which includes transportation, poultry, and zoo applications. The dairy products market has the potential to grow significantly during the forecast period, which will drive the growth momentum of the B2B segment in the global animal cage market during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the animal cage market size and actionable market insights on post COVID-19 impact on each segment.
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Animal Cage Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.97% |
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Market growth 2022-2026 |
$ 1262.98 th |
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Market structure |
Fragmented |
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YoY growth (%) |
4.62 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 38% |
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Key consumer countries |
US, Canada, China, Japan, Germany, and Brazil |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
ADVANTEK, Bass Equipment Co., Cute Pet USA Inc., Diggs Inc., Doskocil Manufacturing Co. Inc., Edemco Dryers Inc., Impactdogcrates, IRIS USA Inc., Kohepets, Mason Co., Medical Master Co. Ltd., MidWest Homes for Pets, Miller Manufacturing Co., Pet House, Pets at Home Group Plc, Petsfit Inc., Prevue Pet Products, Shor Line, SmithBuilt, TECHNIK Ltd., Tecniplast Spa, TRIXIE Heimtierbedarf GmbH and Co. KG, and Kaytee products Inc |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Distribution Channel
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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