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Pet Daycare and Lodging Market by Type and Geography - Forecast and Analysis 2020-2024

  • Published: Jul 2020
  • Pages: 120
  • SKU: IRTNTR43643
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The pet daycare and lodging market share is expected to increase by USD 8.24 billion from 2019 to 2024, and the market’s growth momentum will accelerate at a CAGR of 7%.

This pet daycare and lodging 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 pet daycare and lodging market segmentation by type (dog daycare & lodging, combined daycare & lodging, and cat daycare & lodging) and geography (North America, Europe, APAC, South America, and MEA). The pet daycare and lodging market report also 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 among others.

What will the Pet Daycare and Lodging Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Pet Daycare and Lodging Market Size for the Forecast Period and Other Important Statistics

 

Pet Daycare and Lodging Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The popularity of pet daycare & lodging services is notably driving the pet daycare and lodging market growth, although factors such as the rising threat of substitutes 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 pet daycare and lodging industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Pet Daycare and Lodging Market Driver

One of the key factors driving growth in the pet daycare and lodging market is the growing popularity of various pet daycare and lodging services. Pet owners have become increasingly conscious of their pets' wellbeing and safety due to the growing pet humanization culture, especially in North America and Europe, which has increased the demand for pet daycare and lodging services. The market competitors consider such factors while building pet daycare and lodging areas and buying pet care products to differentiate themselves in the market and to cater to customers’ specific requirements. Some of the pet daycare and lodging services are daycare, boarding, training, walking, playing, and grooming. Such services are provided for different durations, such as overnight, weekly, or monthly. Moreover, many companies are offering specific pet services as per the specific requirements of customers, such as private pet suites based on the pets’ size and pet sitters in cageless stay-n-play. These factors encourage pet owners to choose from a range of attractive pet services based on their needs. This is expected to contribute significantly to the growth of the global pet daycare and lodging market during the forecast period.

Key Pet Daycare and Lodging Market Trend

The strict compliance with stringent regulations and certifications is a pet daycare and lodging market trend that is expected to have a positive impact in the coming years. The growing concerns about pet safety have compelled certain organizations to formulate regulations to monitor the service quality of daycare and lodging service providers. For daycare and lodging service providers to be declared as professionals, the Professional Animal Care Certification Council (PACCC) certification is required, which confirms their expertise in animal care at a professional level. These certifications are provided based on the daycare and lodging service providers’ industry experience and responsibility levels, which recognize and confirm their knowledge and basic career levels in the industry. Compliance with such regulations and certifications helps in building trust among pet owners, which will increase the credibility of service providers. This is expected to support the growth of the global pet daycare and lodging market during the forecast period.

Key Pet Daycare and Lodging Market Challenge

The growing awareness of safety concerns and animal allergies will be a major challenge for the pet daycare and lodging market during the forecast period. Even though pet daycare and lodging service providers are focusing on offering advanced services and a healthy environment for pets, many pet owners still do not rely on such services as they think that their pets will get anxious. They also think that their pets might get susceptible to safety risks such as exposure to ingestible items and electric wires, sharp fencing, flooded floors, heights, and lack of trained staff. These factors discourage pet owners from adopting pet daycare and lodging services, which will limit the growth of the market during the forecast period. Several animals are carriers of harmful bacteria such as Campylobacter jejuni and diseases such as cryptosporidiosis due to their exposure to several kinds of pollutions like wind and water. The protein found in the saliva and urine of pets like cats and dogs can cause skin allergies in humans. Some of the other allergies include fleas, flu, ticks, and kennel coughs. All these factors are expected to hinder the growth of the global pet daycare and lodging market during the forecast period.

This pet daycare and lodging 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 2020-2024.

Parent Market Analysis

Technavio categorizes the global pet daycare and lodging market as a part of the global leisure facilities 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 pet daycare and lodging market during the forecast period.

Who are the Major Pet Daycare and Lodging Market Vendors?

The report analyzes the market’s competitive landscape and 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.
  • Urban Tails Pet Resort

 

This statistical study of the pet daycare and lodging market encompasses successful business strategies deployed by the key vendors. The pet daycare and lodging market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Best Friends Pet Care Inc. - 'Doggy day camp and pet stay services are the key offerings of 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 pet daycare and lodging 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.

Pet Daycare and Lodging Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the pet daycare and lodging 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.

The value chain of the leisure facilities market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

Which are the Key Regions for Pet Daycare and Lodging Market?

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36% of the market’s growth will originate from North America during the forecast period. The US is the key market 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.

The high affordability limit and the availability of full-time and experienced service providers who offer security and safety to pets will facilitate the pet daycare and lodging market growth in North America 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.

What are the Revenue-generating Type Segments in the Pet Daycare and Lodging Market?

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The pet daycare and lodging market share growth by the dog daycare and lodging segment will be significant during the forecast period. 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.  Service providers in the global pet daycare and lodging market offer premium lodging services for dogs, especially in the developed countries in North America and the Middle East. For instance, Preppy Pet Franchises Inc., a US-based service provider, offers private suites for long durations based on the size of dogs. The company also offers various packages on a daily and weekly basis for premium dog lodging. Similarly, Urban Tails Pet Resort, a UAE-based service provider, offers dog lodging with spacious private suites for individual dogs, as well as amenities such as plasma television and room web camera for dogs’ entertainment. These factors are expected to contribute to the growth of the global dog daycare and lodging market 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 and actionable market insights on post COVID-19 impact on each segment.

 

Pet Daycare and Lodging Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 7%

Market growth 2020-2024

$ 8.24 billion

Market structure

Fragmented

YoY growth (%)

4.75

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 36%

Key consumer countries

US, UK, China, Germany, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

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

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 forecast the period

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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What are the Key Data 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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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Dog daycare and lodging - Market size and forecast 2019-2024
    • Combined daycare and lodging - Market size and forecast 2019-2024
    • Cat daycare and lodging - Market size and forecast 2019-2024
    • Market opportunity by Type

    Customer Landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2019-2024
      • Europe - Market size and forecast 2019-2024
      • APAC - Market size and forecast 2019-2024
      • South America - Market size and forecast 2019-2024
      • MEA - Market size and forecast 2019-2024
      • COVID-19 impact on the market
      • Key leading countries
      • Market opportunity by geography
      • Volume drivers – Demand led growth
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • 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.
      • Urban Tails Pet Resort

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • 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
      Technavio

      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
      Technavio

      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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      The pet daycare and lodging market growth will increase by $8242.77 million during 2019-2024.
      The pet daycare and lodging market is expected to grow at a CAGR of 6.57% during 2019-2024.
      Technavio has segmented the pet daycare and lodging market by type (Dog daycare and lodging, Combined daycare and lodging, and Cat daycare and lodging) and geographic (North America, Europe, APAC, South America, and MEA).
      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., Urban Tails Pet Resort are a few of the key vendors in the pet daycare and lodging market.
      North America will register the highest growth rate of 36.42% among the other regions. Therefore, the pet daycare and lodging market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the pet daycare and lodging market growth are:
      • Growing popularity of various pet daycare and lodging services
      The pet daycare and lodging market vendors should focus on grabbing business opportunities from the dog daycare and lodging segment as it accounted for the largest market share in the base year.
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