The pet carriers market is estimated to reach US$ 830.0 Mn in 2022. Sales of pet carriers are slated to increase at a 4% CAGR over the forecast period, pushing the market size to US$ 1.2 Bn by 2032
The pet carriers market is estimated to reach US$ 830.0 Mn in 2022. Sales of pet carriers are slated to increase at a 4% CAGR over the forecast period, pushing the market size to US$ 1.2 Bn by 2032
Pet Carriers are portable crates or box which is used to transport pet animals like cats, dogs, guinea pigs, and many more. The pet market is estimated to reach $ 99 Billion in the US.
Pet carriers are witnessing surge in its demand on the back of increasing demand for pet’s security and sturdiness awareness for larger pets. This makes travel with pets stress-free as it has a safety net, which was not there earlier in the cages.
Pet carriers are of different types, such as Sherpa carrier, Purse carrier, Soft-sided pet carrier. Pet carriers are now being designed to make it less like a cage, and to give a window for communication and to interact with the outside world during traveling.
The different pets will have a different type of carrier, based upon their sizes and requirement.
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Manufacturers are introducing many innovations such as carriers with rollers for easy transportation. Designer pet carriers are being manufactured with climate-controlled interiors, cross-ventilation for better traveling experience of pets. Pet owners are buying such carriers and are anticipated to witness massive demand in coming years.
How Millennial and Baby Boomer are reacting to Pet Carrier
Earlier, baby boomers (people born post World War II) were considered as the largest portion of the pet owner. Now, this badge is held by Millennials. This portion of the pet owners are tending to travel more, and hence holds the majority of the market portion for the Pet Carriers.
This population in the coming years will also be able to purchase premium pet carriers with their increasing purchasing power. Hence this market will be bolstered in the coming period.
Apart from the former point, the availability of fashionable, accessorized pet carriers will be the key driver of the industry. The share of revenue is also increasing because of the current trend of “pet parenting”. The pet industry is benefitted by this trend giving 40% of total industry revenue in 2019.
Key Players of Pet Carriers
Some players are contributing to the value chain of Pet Carrier in the global market. These key players are
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What manufacturer can expect in the coming period for Pet Carriers
The pet carriers industry across the Asia Pacific and Latin America are expected to witness a higher single digit CAGR over the coming years.
The pet carriers market is in the phase of quality growth, where the manufacturers are focusing on the quality of the products, keeping the quality above the quantity. The market is yet to achieve the maturity level.
Online and retail, both the market segments of the pet carriers market are witnessing growth at an almost equal rate.
This is so as the pet owners consider their pets as family and hence do not want to compromise with the quality and the busy pet owners are also choosing the e-channel for faster and time-efficient delivery. 32% of the pet owners prefer Pet specialty shops, whereas 13% prefer Ecommerce.
As purchasing power is increasing along with increasing pet adoption, people tend to spend more on pet care. As the incomes of household increases, pet owners can purchase premium and customized pet carriers for the sense of luxury, thus encouraging more and more manufacturers for innovation.
Manufacturers are also now aiming to get approval from different airlines for easy travel of pets. They are customizing pet carriers according to the regulations and dimensions provided by the airlines. This pre-approval from the airline will save the further processes of the pet owners and hence will attract more demand and opportunities for the manufacturer.
The Report Covers Exhaustive Analysis on
Regional Analysis Includes
The Pet Carriers market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases).
The report also features a complete qualitative and quantitative assessment by analysing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the Pet Carriers market report projects the attractiveness of each major segment over the forecast period.
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Pet Carrier: Market Segmentation
By Product Type :
By Based on Application:
By Based on Distribution Channel:
By Based on Geography :
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Sep 01, 2022
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