Global Inflatable Pet Collar Market Is Expected To Foresee Significant Growth During The Forecast Period. North America To Witness The Highest Growth
Global Inflatable Pet Collar Market is expected to reach the market valuation of US$ 105.9 billion by 2027 expanding at a significant CAGR of 5.41% during the forecast period (2021-2027) from US$ 74.1 billion in 2020. Inflatable Pet Collars are used when the pets met with some injury or surgery to prevent pets from licking their open wounds or inflamed skin. These collars are soft, completely bite and scratch-resistant, while also being comfortable.
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The various factors driving the inflatable pet collar market include the emergence of new product categories similar with inflatable pet collars and increasing pet owners interest for inflatable collars to prevent pets from licking or nipping at open wounds or inflamed skin. Furthermore, pet owners perceive pet collars as a better option compared to hard plastic cones, which is further driving the market growth. The increasing number of pets ownership is providing growth opportunity for the manufacture to come up with innovative pet products such as inflatable collars, pet foods, etc. According to one of the top market research firm, the number of households who buy pet products has increased from 56.26% in 2013 to 73.57% in 2018.
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The sudden outburst of the COVID-19 widespread has raised the whole world to a slowdown. It made pets owners across the world to experience shortage of pet accessories, and foods due to the lockdown. But it has also increased the rise of online purchase of pet products. The E-commerce platform for pet accessories is growing at a huge pace due to the online sales. For instance, according to the data of Stockline, ShipHero, and Attentive 2020, the overall pet revenue growth was 63% during the pandemic outbreak. Also, as per Pet Food Industry, the online purchasing of pet accessories has increased by 51% in March 2020 only.
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Based on pet type, the market is fragmented into dog, cat and others (Rabbit, etc.). The dog segment dominated the market, accounting for more than 43% revenue share in 2020 and is anticipated to maintain its dominance during the forecast period. The various size, wherein inflatable pet collars are utilized include small, medium, and large. In 2020, the small collar size segment accounted for a maximum revenue share, owing to increasing population of small-sized dogs and cats. Based on price category, the market is fragmented into premium/luxury products and mass products. The mass products segment accounted for the major revenue portion of 57.2% in 2020. The sector is anticipated to observe significant growth in the upcoming years as these products are designed for the mass population and are budget-friendly.
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Based on distribution channel, the market is fragmented into online and offline. The online distribution segment is anticipated to observe profitable growth due to the extreme rise in the number of online shopping during Covid-19 pandemic. As per Pet Food Industry, the online purchasing of pet accessories has increased by 51% in March 2020 alone. Based on end-user, the market is fragmented into pet owners, pet hospitals & clinics, pet-friendly hotels, and others. The pet owners segment is anticipated to observe lucrative growth of more than 41.2% due to the rising number of pet owners and their demand for innovative pet accessories.
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Additionally, the report provides detailed initiatives that are being taken in the field of inflatable pet collar. The market is classified into distinct regions including North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America dominated the market and generated maximum revenue in 2020 owing to the increasing number of pet owner in the USm who are willing to buy inflatable pet collars for the recovery of their pets from injuries. Some of the major players operating in the market include Acorn Pet Products, PetAZ, Remedy+Recovery, AUOKER, Holysteed, Aopuwoner, MorTime, SCENEREAL, Warmpet, and FIDGETERRELAX. Several M&As along with partnerships have been undertaken by these players to develop inflatable pet collar market.
Global Telemedicine Market Segmentation
Market Insight, by Pet Type
- Others (Rabbit, etc.)
Market Insight, by Size
Market Insight, by Price Category
- Premium/Luxury Products
- Mass Products
Market Insight, by Distribution Channel
Market Insight, by End-user
- Pet Owners
- Pet Hospitals and Clinics
- Pet-Friendly Hotels
Market Insight, by Region
- North America Inflatable Pet Collar
- United States
- Rest of North America
- Europe Inflatable Pet Collar
- United Kingdom
- Rest of Europe
- Asia-Pacific Inflatable Pet Collar
- Rest of Asia-Pacific
- Rest of World Inflatable Pet Collar
Top Company Profiles
- Acorn Pet Products