Market Snapshot:
Increasing the working population across the globe demands the pet daycare as the people are not able to handle the pet in the working hours. Whereas, increasing adoption of small pets such as dogs and cats have been increasing the demand for pet daycare service. Additionally, new products such as a real time monitoring system that enables visual monitoring by using smartphone and cameras have been supplementing overall growth of the market. However, lack of skilled people for providing pet daycare and lack of awareness about pet daycare in many geographical regions such as the Middle East and Africa are considered as major limiting factors in the operating market. Moreover, the high availability of customization as per the requirement in pet daycare and emergence of new startups in Asian and European countries will drive the market in the forecasted year.The research analyst at AMA estimates Pet Daycare and Lodging market to grow at a compounded annual growth rate of 8.12%
Segment Analysis
AMA Research have segmented the market of Global Pet Daycare and Lodging market by Type, Application and Region. On the basis of Type, Small Pet Daycare and Lodging are dominating the market in the year 2020
On the basis of geography, the market of Pet Daycare and Lodging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Trend
Growing Pet Humanization Culture Particularly in North America and Europe and Increasing Popularities of Pet Daycare across the Globe
Market Drivers
Increasing Working Population Demand for Pet Daycare, Growing Adoption of Smart Pet Care Products such as Real-Time Monitoring System and Rising Adoption of Pet such as Dogs and Cats across the Globe
Opportunities
High Availability of Customization as per the Requirement in Pet Daycare and An Emergence of New Startups in Asian and European Countries
Restraints
- High-Cost associated with Pet Daycare limiting the Market
- Lack of Skilled People for Providing Pet Daycare
In addition to the aforementioned factor, Increasing Working Population Demand for Pet Daycare
is expected to propel the growth of the market over the forecast period.
The key Vendors profiled in the study are Best Friends Pet Care (United States), Camp Bow Wow (United States), Dogtopia (United States), PetSmart Home Office (United States), Preppy Pet (United States), Barkefellers (United States), Camp Run-A-Mutt (United States), Central Bark Doggy Daycare (United States), Country Comfort Kennels (United States) and Country Paws Boarding (United Kingdom). A lot of United States players are profiled in the research study indicating a strong market dependence.