Inflatable Pet Collar Market: Current Analysis and Forecast (2021-2027)

Report Description

The protective inflatable pet collar is designed to protect the pet’s injuries, rashes, and post-surgery wounds located on the pet’s body. Also, it prevents pets from biting and licking their injured area or surgical site and helps promote recovery from surgery or wounds. The inflatable design and comfortable soft fabric combined with the strap on the opening of the collar make this a versatile, comfortable, and adjustable collar. It simply inserts in the pet’s everyday collar through the inner ring loops for a secure and stable fit. This is upsurging the inflatable pet collar market and the production of more advanced products for pet recovery and comfort. For instance, according to a leading consulting firm, the number of households buying pet products has increased from 56.26 million in 2013 to 73.57 million in 2018 depicts that a greater number of pet parents have concern for their pet’s health. Also, according to American Pets Products Association in 2020, USD 103.6 billion was spent on pets in the U.S. and it is the highest sale for the first time in this industry’s history.  This indicates that the concern of pet owners for the health and recovery of their pets is increasing.

Moreover, the advancement occurring in the field of inflatable pet collars associated with material and features, regarding the complete care of pets, are gaining shopper’s consideration towards high-quality manufactured goods. For instance, according to a pet care firm “QBLEEV” in 2018, which offers protective “Inflatable Dog E-Collars” with splash recovery. The product was prepared by a short plush outer ring, +6P, and PVC material which was environment-friendly. These collars are designed with an adjustable strap on the opening, which supports fitting the pet’s neck. Also, due to the Covid-19 pandemic outbreaks, the E-commerce platform for pet accessories is upsurging at a huge pace. For instance, as per the data given by Stockline, ShipHero, and Attentive in 2020,  the total revenue growth of pet products was 63% during the pandemic outbreak. This is propelling the inflatable pet collar market and influence the pet care companies towards making more innovative and comfortable revival products for pets.

Households Buying Pet Products in the United States 2013-2018

Acorn Pet Products, PetAZ, Remedy+Recovery, AUOKER, Holysteed, Aopuwoner, MorTime, SCENEREAL, Warmpet, and FIDGETERRELAX are some of the prominent players operating in the global Inflatable Pet Collar market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products.

Insights Presented in the Report

“Amongst Pet Type, Dog segment holds the major share”

Based on pet type, the market is fragmented into dog, cat, and others (Rabbit, etc.). The dog segment dominated the market by adding 43% revenue in 2020 and generate maximum revenue. Also, anticipated to maintain its dominance during the forecast period.

“Amongst Size, Small size is anticipated to grow at the highest CAGR during the analyzed period”

Based on the size, the market is fragmented into small, medium, and large. In 2020, the small size segment accounted for a maximum market revenue as the increasing population of small-sized dogs and cats is upsurging the market and dominates the number of small-sized pet collars.

“Amongst Price Category, Mass Products is anticipated to grow at the highest CAGR during the analyzed period”

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% in 2020. The segment is anticipated to observe significant growth in the upcoming years as these products are designed for the mass population and are budget-friendly.

“Amongst Distribution Channels, Online distribution segment holds the major share”

Based on distribution channels, 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. As per Pet Food Industry, online purchasing of pet accessories has increased by 51% in March 2020 alone.

“Amongst End-User, the Pet Owners segment holds the major share”

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% due to the extreme rise in the number of pet owners and their demand for pet accessories.

“North America signifies one of the largest markets of Inflatable Pet Collar Market”

For a better understanding of the market dynamics of the inflatable pet collar market, a detailed analysis was conducted for different regions across the globe 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 presence of a huge number of pet product manufacturing companies and an increasing number of pet parents to buy pet products for the recovery of their pets in the region.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts
• The report presents a quick review of overall industry performance at one glance
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
• The study comprehensively covers the market across different segments
• Deep dive regional level analysis of the industry

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Research Methodology

Analyzing the historical market, estimation of the current market, and forecasting the future market of the global inflatable pet collar market were the three major steps undertaken to create and analyze the adoption of inflatable pet collars in different segments across major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the inflatable pet collar sector. Post assumption and validation of market numbers through primary interviews, we employed a top-down approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detailed secondary study was conducted to obtain the historical market size of the inflatable pet collar through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the inflatable pet collar market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments for major regions. Major segments included in the report are pet type, size, price category, distribution channel, and end-user. Further country-level analyses were conducted to evaluate the overall adoption of the inflatable pet collar in every region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of inflatable pet collars. Further, we conducted factor analysis using dependent and independent variables such as increasing pet owner’s optimization for inflatable collars to prevent pets from licking or nipping at open wounds or inflamed skin. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the inflatable pet collar industry across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the inflatable pet collar market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down approach was applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of value (USD) and the adoption rate of inflatable pet collar across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the inflatable pet collar market in terms of services offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the inflatable pet collar market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of pet type, collar size, price category, distribution channel, and end-user of the inflatable pet collar market.

Main Objective of the Inflatable Pet Collar Market Study

The current & future market trends of inflatable pet collars were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of inflatable pet collars in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of pet type, collar size, price category, distribution channel, and end-user
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
• Analyze the current and forecast market size of the inflatable pet collar market for the major region
• Major regions studied in the report include North America (the United States and Canada), Europe (Germany, France, Italy, Spain, and United Kingdom), Asia-Pacific (China, Japan, India, and Australia), and the Rest of World
• Company profiles of the inflatable pet collar market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry