USD 92.08 Billion
Report ID:
SQMIG30L2153 |
Region:
Global |
Published Date: July, 2024
Pages:
198
|Tables:
61
|Figures:
77
Inflatable Pet Collars Market size was valued at USD 96.87 Billion in 2023 and is poised to grow from USD 101.91 Billion in 2024 to USD 152.87 Billion by 2032, growing at a CAGR of 5.2% during the forecast period (2025-2032).
Consumers are spending more money on pets and paying more attention to pet safety, raising demand for inflatable pet collars among pet owners. Also, the market is expanding as more people become aware of the potential harm that Elizabethan collars or electronic collars may do to pets. An inflatable collar has characteristics comparable to an airline pillow, which stops pets from licking by significantly limiting their head motion. Compared to conventional cones, these items are soft and lightweight, giving pets more visibility. E-collars completely block the peripheral vision, but they can also harm the animal’s welfare, such as self-trauma, discomfort, damage, and accidents. Although inflatable pet collars are more resilient, adjustable, soft, comfortable, cost-effective, simple to clean, and offered in a variety of sizes and colours. In addition, a rise in pet ownership, notably in the U.S. and Europe, is fueling a desire for novel pet supplies and an increase in the popularity of inflatable pet collars. The American Pet Products Association estimates that 85 million American households now have a pet, up from 56% in the 1980s to 68% in the recent decade. After matching 2,992 animals with new families, Regional Animal Services of King County saw a 20% increase in the pet adoption rate. A U.S. non-profit organisation for animal welfare called Best Friends Animal Society reports that 62 dogs and cats found foster homes between March 16 and March 20, 2021.
US Inflatable Pet Collars Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 92.08 Billion
Largest Segment
Dogs
Fastest Growth
Dogs
Growth Rate
5.2% CAGR
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Inflatable Pet Collars Market is segmented on the basis of Application, Distribution Channels and region. By Application, the Inflatable Pet Collars Market is segmented into Dogs, Cats and Others. By Distribution Channels, Inflatable Pet Collars Market is segmented into Online and Offline. By region, the Inflatable Pet Collars Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Inflatable Pet Collars Market Analysis by Application
The dogs sector dominated the global market. Inflatable pet collars are in more demand due to the growing number of dogs kept as pets in homes and as police patrol dogs. Also, the use of inflatable pet collars among pet owners is being driven by the rise in overweight dogs, which are more prone to injury. 55.8% of dogs in the United States are overweight, according to a report by USA Today. In contrast, 35% of dogs in the UK are obese.
Because more people are keeping cats as pets, the cat application segment is anticipated to develop significantly throughout the projected years. According to the American Pet Products Association's National Pet Owners Survey, there were 42.7 million households with 94.2 million pet cats in the United States.
Inflatable Pet Collars Market Analysis by Type Distribution Channels
The offline segment dominated the global market. For the makers, this distribution method is a tried-and-true way. Many customers prefer to buy products from physical storefronts as they can touch, try, and feel the thing before purchasing it. These are the elements that have been luring customers to make purchases from brick-and-mortar retail establishments, notably pet specialty shops.
The internet segment is expected to grow at the fastest CAGR. The expansion of the online distribution channel is fueled by the rise in the variety of online shopping platforms, including company-owned portals and online shops. Due to the rising number of online buyers, especially millennial pet owners who choose different e-commerce platforms, the online segment is anticipated to have considerable increase in the upcoming years.
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The North America region dominated the global market. One of the biggest market investors is the U.S. Around 68% of American households owned a pet, according to the American Pet Products Association. More than 80% of all pets in the country are dogs and cats, so they are the most popular pets. The market is moving more quickly due to an increased propensity for pet adoption. Around USD 95 billion was predicted to be spent on pets in the United States, a huge increase
Asia Pacific is anticipated to experience the fastest CAGR. More people are adopting pets in nations like China and India, where disposable income is rising. In addition, a lot of stray dogs and cats suffer injuries in car accidents in India. This scenario increases the product's potential across the nation. In Nagpur, Maharashtra, over 1000 stray animals were hurt in car accidents over the course of four months, according to the Times of India.
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Inflatable Pet Collars Market Drivers
Pet health and wellness
Cost-effectiveness
Inflatable Pet Collars Market Restraints
Lack of trust
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Many international and local players have been present in the market, which has served to define it. In order to acquire a competitive advantage in the market, players have started launching new items. In addition, major players are growing their operations in developing areas to seize growth prospects. In order to reach more consumers, businesses have begun working in partnership with retailers.
Inflatable Pet Collars Market Top Player’s Company Profiles
Inflatable Pet Collars Market Recent Developments
Increased focus on pet comfort and well-being
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global inflatable pet collar market analysis, the market is growing as it is increasingly popular among pet owners who want to provide their pets with a better quality of life during the healing process after surgeries, injuries or skin irritations. The benefits of inflatable pet collars, including comfort, adjustability, and ease of use, have contributed to their rising popularity. Potential restraints to the growth of the global market include limited awareness, lack of trust, product quality, size and fit, and competition. These restraints could limit the market growth, although increasing awareness and education about the benefits of inflatable pet collars could help to overcome some of these challenges. As product innovations continue to emerge, and pet owners become more aware of the benefits of inflatable pet collars, the market is expected to continue to expand.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 92.08 Billion |
Market size value in 2031 | USD 145.31 Billion |
Growth Rate | 5.2% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Inflatable Pet Collars Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Inflatable Pet Collars Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Inflatable Pet Collars Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Report ID: SQMIG30L2153
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