Pet Daycare and Lodging Market by Type and Geography - Forecast and Analysis 2020-2024
- Published: May 2020
- Pages: 120
- SKU: IRTNTR43643
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The pet daycare and lodging market size will increase by $8.24 billion during 2020-2024. The market’s growth momentum will accelerate during the forecast period because of the increase in year-over-year growth.
This report provides a detailed analysis of the market by type (dog daycare and lodging, combined daycare and lodging, and cat daycare and lodging) and geography (North America, Europe, APAC, South America, and MEA). Also, the report analyzes the market's competitive landscape. It offers information on several market vendors, including Best Friends Pet Care Inc., Camp Bow Wow Franchising Inc., Country Comfort Kennels, Country Paws Boarding Inc., Dogtopia Enterprises LLC, Paradise 4 Paws LLC, PetBacker, PetSmart Inc., Preppy Pet Franchises Inc., and Urban Tails Pet Resort.
What will the Pet Daycare and Lodging Market Size be in 2020?
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Who are the Major Pet Daycare and Lodging Vendors?
The market is fragmented. Best Friends Pet Care Inc., Camp Bow Wow Franchising Inc., and Country Comfort Kennels are some of the major market participants. Although the growing popularity of various pet daycare and lodging services will offer immense growth opportunities, the rising threat of substitutes will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this pet daycare and lodging market forecast report provides a detailed analysis of the market leaders. It offers information on the competencies and capacities of these companies. The report also covers details on the market's competitive landscape and provides information on the products offered by various companies. Moreover, this pet daycare and lodging market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- Best Friends Pet Care Inc.
- Camp Bow Wow Franchising Inc.
- Country Comfort Kennels
- Country Paws Boarding Inc.
- Dogtopia Enterprises LLC
- Paradise 4 Paws LLC
- PetSmart Inc.
- Preppy Pet Franchises Inc.
- Urban Tails Pet Resort
Which are the Key Markets for Pet Daycare and Lodging?
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North America was the largest pet daycare and lodging market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The high rate of pet adoption and high affordability limit and the availability of full-time and experienced service providers who offer security and safety to pets will significantly drive pet daycare and lodging market growth in this region over the forecast period.
36% of the market's growth will originate from North America during the forecast period. The US, Canada, and Mexico are the key markets for pet daycare and lodging in North America. Market growth in this region will be slower than the growth of the market in other regions.
What are the Major Type Segments in the Pet Daycare and Lodging Market?
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The high adoption of dogs, which are the most commonly owned pets, helps in the growth of the dog daycare and lodging segment. Pet owners use these services when not at home. Dog daycare and lodging service providers, including Camp Bow Wow Franchising Inc. and Dogtopia Enterprises LLC, offer a range of services for dogs, such as exercising and socializing.
The pet daycare and lodging market share growth by the dog daycare and lodging segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the pet daycare and lodging market size.
How will Growing Popularity of Various Pet Daycare and Lodging Services Influence Market Growth?
There is an increase in the demand for pet daycare and lodging services because of the growing pet humanization culture and focus on pets' wellbeing and safety in various regions, especially in North America and Europe. This is encouraging players in the pet daycare and lodging services market to cater to the specific requirement of customers. Also, they are focusing on differentiating themselves by building unique pet daycare and lodging areas and purchasing quality pet care products. They are also introducing innovative services such as outdoor pet runs, interactive activities for pets, veterinary services, and multilevel pet condos apart from conventional services, including boarding, training, walking, playing, and grooming. As a result, the coming years will witness an increase in the popularity of pet daycare and lodging services, which will be one of the critical reasons that will drive the pet daycare and lodging market growth.
- The adoption of smart pet care products in daycare and lodging services is one of the critical global pet daycare and lodging market trends.
- Market players are focusing on attracting more customers by investing in technologically advanced products such as an activity tracker and smart pet bed for their daycare and lodging services.
- Smart pet beds are designed with thermostatic heating and cooling features and are washable, durable, and comfortable.
- Activity tracker devices enable service providers to monitor their pets' health and nutrition data and share information about food and diet recommendations with pet owners and veterinarians.
- The benefits mentioned above will increase the adoption of smart pet care products by pet care service providers, driving market growth at a CAGR of almost 7% during the forecast period.
What are the Key Factors Covered in this Pet Daycare and Lodging Market Report?
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive pet daycare and lodging market growth during the next five years
- Precise estimation of the pet daycare and lodging market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the pet daycare and lodging industry across North America, Europe, APAC, South America, and MEA
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of pet daycare and lodging market vendors
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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.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Frequently Asked Questions?
- Growing popularity of various pet daycare and lodging services
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