Industry Background:
A pet travel service is a service provided where the company takes care of the transportation of the pet. They also include various other services including taking the pet to a healthcare checkup etc. When a pet is adopted, the pet owner's obligations increase, and whatever the pet owner considers necessary for their personal comfort, they also desire for their pets. This is a big reason why they are willing to spend more on luxuries and activities such as travelling, grooming, and many others in order to provide for the well-being of their pets. Millennials, who make up the majority of pet owners, believe that pets should be treated the same as little children, and for many of them, summers mean kicking back and relaxing on vacation while pampering their dogs. This is one of the main causes fueling the global demand for pet travel services. With the rise in the number of pet travellers, pet travel services have become an important element of the travel industry and make a significant contribution. The number of people travelling with their pets is increasing, which means there are more prospects for pet hotels.This growth is primarily driven by Increased Number of Pet Owners and Changing Lifestyle of People.
Globally, a noticeable market trend is evident Increase in the Number Travellers Across the world. Major Vendors, such as International Pet and Animal Transportation Association (United States), Fly Pets PetRelocation Inc.(United States), Pet Travel Inc (United States), Air Animal Inc.(United States), World Pet Travel (United States), RoyalPaws (United States), Pet Port (South Africa), Global Paws (South Africa), Animal Motel (United States) and Pet Oasis (UAE) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
December 2020 – The U.S. Department of Transportation today announced that it is revising its Air Carrier Access Act (ACAA) regulation on the transportation of service animals by air to ensure a safe and accessible air transportation system.
Regulatory Insights:
The United States Department of Agriculture (USDA) regulates air transportation of pets within the U.S. and all airlines are required by law to follow guidelines
Market Drivers
- Increased Number of Pet Owners
- Changing Lifestyle of People
Market Trend
- Increase in the Number Travellers Across the world
Restraints
- Lack of Awareness in Developing Countries
- High Cost of Service
Opportunities
for Pet Hotels are Growing with the Increase in the Number of Travellers with their Pets
Challenges
Various Regulations on Air Pet Travels
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Pet Travel Services Study Sheds Light on
The Pet Travel Services Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Pet Travel Services industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Pet Travel Services industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.