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Europe Pet Tech Market 2020 Regional Growth Drivers, Opportunities, Trends, and Forecasts to 2025

Author : Ronak Bora | Published Date : 2020-09-08 

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.

In terms of the regional landscape, the North America pet tech market held more than 55% of the industry share in 2018 and will experience steady growth due to the increase in the adoption of technological solutions in the household sector. It has been observed that major changes in pet ownership are in the pipeline due to the advent of technological and cultural change.

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Pet Tech Market is expected to exceed USD 20 billion by 2025. Increase in investments by pet owners on health, fitness, and safety of their pets is being witnessed. The players are catering to these demands of owners by developing smart solutions that allow the customers to remotely monitor the pet’s activities and health parameters. For instance, Petcube is offering smart camera with voice control which provides extra monitoring & security of pets. Additionally, the increase in the number of household pets in the U.S. is also encouraging manufacturers to cater to their modern technologies. According to the American Pet Products Association (APPA), around 85 million U.S. families owned a pet (either a cat or a dog) during 2017-2018.

Rise in concern toward food & nutrition of pets is encouraging owners to adopt automatic pet feeders & bowls. It allows the owners to keep track of the eating pattern or habits of their pets to provide a healthy & nutritional diet. Some of the smart pet feeders available in the pet tech market include WOpet automatic pet feeder, Feed & Go smart pet feeder, and Petdiary automatic cat feeder. These smart solutions are allowing owners to control the portion size and meal serving remotely with the help of a smartphone application. For instance, in May 2018, Wagz Inc. announced the launch of Wagz serve smart feeder with intelligent serving technology that helps the owners control all the operations of the feeder from their smartphones.

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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.

Table of Contents (ToC) of the report:

Chapter 1. Methodology and Scope

1.1. Definitions & forecast parameters

1.1.1. Definitions

1.1.2. Methodology and forecast parameters

1.2. Data Sources

1.2.1. Secondary

1.2.2. Primary

Chapter 2. Executive Summary

2.1. Pet tech Market 360° synopsis, 2015 – 2025

2.1.1. Business trends

2.1.2. Product trends

2.1.3. Application trends

2.1.4. End-use trends

2.1.5. Distribution channel trends

2.1.6. Regional trends

Chapter 3. Pet Tech Market Insights

3.1. Industry segmentation

3.2. Industry landscape, 2015 – 2025

3.2.1. Pet care industry landscape

3.2.2. Number of pets, by region, 2018

3.2.2.1. North America

3.2.2.2. Europe

3.2.2.3. Asia Pacific

3.2.2.4. Latin America

3.2.2.5. MEA

3.3. Industry ecosystem analysis

3.3.1. Component suppliers

3.3.2. Technology providers

3.3.3. Application developers

3.3.4. Manufacturers

3.3.5. Service providers

3.3.6. Distribution channel analysis

3.3.7. Vendor matrix

3.4. Technology & innovation landscape

3.4.1. Impact of IoT

3.4.2. Artificial Intelligence (AI)

3.4.3. Facial recognition

3.5. Regulatory landscape

3.5.1. North America

3.5.2. Europe

3.5.3. Asia Pacific

3.5.4. Latin America

3.5.5. MEA

3.6. Industry impact forces

3.6.1. Growth drivers

3.6.1.1. Increasing awareness for pet's mental and physical fitness

3.6.1.2. Growing demand for remote monitoring and tracking of pets in North America and Europe

3.6.1.3. Rise in adoption of rescue pets by millennials in the U.S.

3.6.1.4. Rise in number of pet tech start-up companies in Europe

3.6.1.5. Increasing adoption of IoT-based products in China and Japan

3.6.1.6. Rising disposable income in Asia Pacific countries

3.6.1.7. Urbanization and rise in popularity of pets in Latin America

3.6.2. Industry pitfalls & challenges

3.6.2.1. High cost of products

3.6.2.2. Lack of public awareness

3.6.2.3. Power consumption and short battery life of devices

3.7. Growth potential analysis

3.8. Porter's analysis

3.8.1. Supplier power

3.8.2. Buyer power

3.8.3. Threat of new entrants

3.8.4. Threat of substitutes

3.8.5. Internal rivalry

3.9. Competitive landscape, 2018

3.9.1. Strategy dashboard

3.10. PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/pet-tech-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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