Pet Tech Market to Witness Substantial Gains Over 2019 – 2025 – Household Sector to Drive the End-Use Landscape

Household is a leading end use sector augmenting global pet tech market trends due to surging adoption of pets by households across the globe. According to estimates by the American Society for the Prevention of Cruelty to Animals (ASPCA), 85.8 million cats and 78 million dogs are owned in the United States. Furthermore, approximately 35% of all households in the United States have a cat as pet, and 44% households have a dog, making cats and dogs the most adopted animal species. Increasing concerns of the pet owners towards the safety, health, and security of pets is encouraging the development of household pet tech industry.

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Global pet tech market is slated to amass lucrative proceeds in the upcoming years, on account of surging adoption of the artificial intelligence and Internet of Things technology inspired pet care solutions across the globe. The burgeoning desire of pet owners to simplify and automate an array of pet related tasks such as cleaning litter, medication, feeding, safety, communication, entertainment, and movement tracking has expanded the application landscape of pet technology. A number of companies operating in this industry are focusing on creating reliable, flexible, and sophisticated pet tech solutions to ease the life of pets and their owners.

The Europe pet tech market is predicted to grow rapidly with increased adoption of connected technologies to monitor the health status of pets. Countries including Germany, France, and the UK are the major markets due to the increase in the number of household pets. The owners are engaged in incorporating innovative solutions that will monitor the safety & health of their pets. Moreover, high spending capability coupled with the rise in disposable income of citizens is also a major factor encouraging the owners to purchase smart solutions for their pets.

Considering the efforts undertaken by the remarkably industry players, it is clear that the pet tech market would depict substantial growth in the forthcoming years. The competitive spectrum of this industry is distinctive and consists of renowned companies such as Fitbark, IceRobotics, Garmin Ltd., Konectera, Whistle Labs LLC, Loc8tor, Motorola, Nedap N.V., Pod Trackers Pty Ltd, Tractive, Petcube, Inc., Petnet Inc., Scollar, PetPace LLC, CleverPet, Petrics, and WOPET.

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Exemplary initiatives by the leading players will undoubtedly have a lasting impact on the growth prospects of this industry. Global Market Insights, Inc. estimates that pet tech market size will exceed the USD 20 billion mark by 2025.

Major Key Points from Table of Content:

Chapter 5. Pet Tech Market, By Application (Revenue & Shipments)

5.1. Key trends by application

5.2. Pet healthcare

5.2.1. Market estimates and forecast, 2015 – 2025

5.3. Pet owner convenience

5.3.1. Market estimates and forecast, 2015 – 2025

5.4. Communication & entertainment

5.4.1. Market estimates and forecast, 2015 – 2025

5.5. Pet safety

5.5.1. Market estimates and forecast, 2015 – 2025

Chapter 6. Pet Tech Market, By End-Use (Revenue & Shipments)

6.1. Key trends by end-use

6.2. Household

6.2.1. Market estimates and forecast, 2015 – 2025

6.3. Commercial

6.3.1. Market estimates and forecast, 2015 – 2025

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