The article cited AMA's Global Pet Daycare and Lodging Market Study explored substantial growth with CAGR of 8.12%. According the report, Growing Pet Humanization Culture Particularly in North America and Europe
is one of the primary growth factors for the market. Increasing Working Population Demand for Pet Daycare
is also expected to contribute significantly to the Pet Daycare and Lodging market. Overall, applications of Pet Daycare and Lodging, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Pet Daycare and Lodging market identified that the demand is rising in many different parts of the world as "High Availability of Customization as per the Requirement in Pet Daycare
". Furthermore, some recent industry insights like "On March 2018, Camp Bow Wow (Leader in providing pet daycare service) has announced its new franchise location. The new franchise location in Hutto, Texas and it is 150th boarding franchise of the company. The new facility has 7,500 square foot Camp houses and 1,500 square feet of outdoor play space for pets" is constantly making the industry dynamic. One of the challenges that industry facing is "Lack of Awareness about Pet Daycare in many Geographical Regions such as the Middle East and Africa"
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Pet Daycare and Lodging market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Pet Daycare and Lodging market and other related sub-markets covered in the study.
o Key & emerging players in the Pet Daycare and Lodging market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Pet Daycare and Lodging market size is calculated using market estimation process, the Pet Daycare and Lodging market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Pet Daycare and Lodging market size has been validated using both top-down and bottom-up approaches.