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Pet Tech Market Analysis, Industry Outlook, Growth and Forecast 2025

Author : Ronak Bora | Published Date : 2020-08-21 

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.

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.

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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 4. Pet Tech Market, By Product (Revenue & Shipments)

4.1. Key trends by product

4.2. Pet wearables

4.2.1. Market estimates and forecast, 2015 – 2025

4.2.2. Smart collar

4.2.2.1. Market estimates and forecast, 2015 – 2025

4.2.3. Smart vest

4.2.3.1. Market estimates and forecast, 2015 – 2025

4.2.4. Smart harness

4.2.4.1. Market estimates and forecast, 2015 – 2025

4.2.5. Smart camera

4.2.5.1. Market estimates and forecast, 2015 – 2025

4.3. Smart pet crates & beds

4.3.1. Market estimates and forecast, 2015 – 2025

4.4. Smart pet doors

4.4.1. Market estimates and forecast, 2015 – 2025

4.5. Smart pet feeders & bowls

4.5.1. Market estimates and forecast, 2015 – 2025

4.6. Smart pet fence

4.6.1. Market estimates and forecast, 2015 – 2025

4.7. Smart pet toys

4.7.1. Market estimates and forecast, 2015 – 2025

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

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.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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