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Global Robotic Pet Toys Market 2017-2021

  • Published: Nov 2017
  • Pages: 85
  • SKU: IRTNTR15532
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This industry research report identifies Hasbro, Spin Master, and WowWee Group as the key vendors in the global robotic pet toys market. This industry research report also presents a comprehensive analysis of the market by product type (dogs, cats, and others), by distribution channel (specialty stores, department stores, online retail, and others), and by geography (the Americas, APAC, and EMEA).

Overview of the global robotic pet toys market

Elderly people need caretaking and companionship and this purpose is best served by robotic pet toys. Owing to companionship, robotic pet toys are gaining traction in developed countries where aging population is more and this in turn is driving the robotic pet toys market. Technavio’s market research report has identified rising global aging population, especially in developed countries as one of the primary factors that will fuel the growth of the robotic pet toys market in the coming years. Robotic pet toys exhibit several health benefits specially for old people such as decreasing blood pressure, cholesterol levels, and memory deficits like Alzheimer. Apart from this, robotic pet toys have significant therapeutic effects. Our market research analysts estimate that this market will grow steadily at a CAGR of almost 65% by 2021.

The emergence of robotic pet toys incorporated with AI technology will be one of the key trends contributing towards the growth of the robotic pet toys market. Development of robotic pet toys coupled with AI is on rise due to Increasing investments in R&D facilities of robotics. Factors such as voice recognition and proprietary algorithms, which can detect human emotions from their expression, are also integrated in such robots and due to this the robots can understand phrases, sentence and commands.

Competitive landscape and key vendors

The robotic pet toys market is concentrated due to the presence of few established players. The players compete on parameters such as price, quality, brand, and variety. To increase the market share, the companies are adopting different marketing strategies. For retaining the dominance in the robot pets market, the leading competitors will depend on acquisition of new brands. The market is marked by high competition based on product differentiation, product portfolio, and pricing.

The leading vendors in the market are-

  • Hasbro
  • Spin Master
  • WowWee Group

The other prominent vendors in the market are Consequential Robotics, ihoven, MGA Entertainment, Tekno Robotics, and WEofferwhatYOUwant.

Segmentation by product type and analysis of the robotic pet toys market

  • Dogs
  • Cats

During 2016, the dogs segment accounted for the major shares of the robotic pet toys market. Owing to the presence of multiple sensors, the interactive pet dogs behaves like a live pet dog. Moreover, the popularity factors of dogs as pets is also driving the robot pets market. People prefer robotic pet dogs as companion who cannot afford to maintain live dog.

Segmentation by geography and analysis of the robotic pet toys market

  • Americas
  • APAC
  • EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the robotic pet toys market throughout the forecast period. Factors such as larger customer base, increasing working couples, and greater adoption of new technologies are driving the robotic pet toys market. Moreover, high product awareness and high adoption technologies in the region are triggering the growth of the robot pets market.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global robotic pet toys market?
  • What are the key market trends impacting the growth of the global robotic pet toys market?
  • What are the challenges to global robotic pet toys market growth?
  • Who are the key vendors in the market?
  • What are the market opportunities and threats faced by the vendors in the global robotic pet toys market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global robotic pet toys market?

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: INTRODUCTION

  • Market outline
  • Industry outlook: Global entertainment robots market

PART 05: MARKET LANDSCAPE

  • Market overview
  • Market size and forecast
  • Five forces analysis
  • PESTLE Analysis

PART 06: MARKET SEGMENTATION BY PRODUCT

  • Global robotic pet toys market: Segmentation by product
  • Comparison by product
  • Robotic pet dogs – market size & forecast
  • Robotic pet cats – market size & forecast
  • Other robotic pet toys – market size & forecast
  • Market opportunity by product

PART 07: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL

  • Global robotic pet toys market: Segmentation by distribution channel
  • Market opportunity by distribution channel

PART 08: REGIONAL LANDSCAPE

  • Global robotic pet toys market: Geographical segmentation
  • Regional comparison
  • Americas – market size & forecast
  • EMEA – market size & forecast
  • APAC – market size & forecast
  • Key leading countries
  • Market opportunity by region

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Other prominent drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Emergence of robotic pet toys incorporated with AI technology
  • Increasing focus on robotics research through research institutes and governmental support
  • Advent of solar-powered robotic pet toys
  • Introduction of open software platform in robotics industry
  • Other prominent trends

PART 12: COMPETITOR LANDSCAPE

  • Competitive scenario

PART 13: COMPETITOR ANALYSIS

  • Hasbro
  • Spin Master
  • WowWee Group
  • Other prominent vendors

PART 14: APPENDIX

  • List of abbreviations

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.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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