Pet Carriers Market Is Expected To Reach A Valuation Of US$ ...| MENAFN.COM

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Pet Carriers Market Is Expected To Reach A Valuation Of US$ 1.2 Bn In 2032 | Future Market Insights, Inc.


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DUBAI, United Arab Emirates, Sept. 27, 2022 (GLOBE NEWSWIRE) -- The global is projected to reach a valuation of US$ 1.2 Bn by 2032, with sales growing at an average CAGR of 4.0% during the forecast period of 2022 to 2032. Predicted to reach an estimated US$ 830.0 Mn in 2022, the pet carriers market is driven by the prevailing trend of solo traveling. The escalation in pet adoption rates and the growing pet humanization will further supplement the growth of the pet carriers market over the forecast period.

Solo traveling or traveling with pets is gaining momentum among travelers and tourists. For people traveling with pets, pet carriers are a good choice as these provide a sturdiness that offers comfort to bigger animals during the travel. In addition to this, a growing emphasis on pet humanization, along with rising pet adoption all over the world is expected to fuel the demand for pet carriers.

Moreover, due to rising concern for the environment and sustainability trends, there's been a surge in demand for biodegradable and eco-friendly pet carriers. Hence, product innovation and development play a vital role in driving the pet carrier market.

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More and more consumers are inclined toward pet carriers made of sustainable materials as well as one that offer a comfortable and sturdy seat for pets. This, too, aids in the expansion of the pet carriers market. Again, the advancing trend of 'humanization' among pet owners is augmenting the global sales of pet carriers. Pet owners are more aware and concerned about their pet's health.

The increasing knowledge among pet owners of separation and travel anxiety among pets supplements the market growth of pet carriers. Since most consumers are keen on spending more on high-quality and premium products for their pets, many manufacturers are releasing customized pet carriers which boost the target market growth.

“Pet humanization trends along with a surge in pet adoption is expected to propel the market growth of the pet carriers over the forecast period,” says an FMI analyst.

Key Takeaways:

  • Increasing product innovation will strengthen market prospects.
  • Pet carriers market in the U.S. is predicted to record a 3.5% CAGR.
  • The U.K. market is expected to grow at a 4.4% CAGR.
  • By product type, hard kennels for dogs will register a high demand.
  • Nylon-based pet carriers will witness a surge in sales.
  • In terms of sales channels, pet specialty stores will gain traction over the forecast period.

Competitive Landscape

Sleepypod, Paw & Pals, Sherpa, SLEEKO, Peanuts, EliteField, Frisco, PetAmi, PetsHome, OxGord, Mr. Peanuts, Pet Magasin, MidWest Homes for Pets, Ferplast, Sturdi Products, and Less Trading Corp among others are some of the major players in the pet carriers market profiled in the full version of the report.

Key market players are focusing on re-inventing their product lines and releasing attractive, comfortable, and functional carriers in the market.

More Insights into Pet Carriers Market Report

In its latest report, FMI offers an unbiased analysis of the global pet carriers market, providing historical data from 2015 to 2020 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type (purse carriers, sling carriers, hard kennel, other product types), material type (polyester, nylon, fur, others), pet type (dogs, cats, others), sales channels (supermarkets, specialty stores, online stores, other stores), and region.

According to the latest FMI reports, based on region, the pet carriers market in the United Kingdom is expected to present substantial growth over the forecast period. The market in this country is expected to record a 4.4% CAGR. This growth can be attributed to the increasing preference for compact pet carriers. The rising awareness of pet safety and hygiene while traveling will further supplement regional growth. Apart from the U.K., India and the United States are predicted to exhibit significant growth over the assessment period.

Based on segmentation, in terms of product type, the hard kennels segment will likely register a high demand while, on the basis of material type, the nylon-based pet carrier segment will lead the market growth during 2022-2032.

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Summary of Key Findings

1.3. Summary of Key statistics 

1.4. FMI Analysis and Recommendations

2. Market Overview

2.1. Market Taxonomy

2.2. Market Definition 

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation Trends

3.3. Future Prospects of Pet Carriers Market

Explore FMI's Extensive Coverage on Consumer Product Domain:

: Pet humanization has resulted in people being more concerned about their pet's health, routine, and lifestyle.

: The pet toys market is classified as highly competitive with high penetration of regional and local players.

: The global pet furniture market is estimated to be valued at US$ 1.8 Bn in 2022 and is projected to reach US$ 3.1 Bn by 2032.

: North America holds a significant share in pet rugs market owing to the fact stated by National Pet Owners Survey that sixty-seven percent of U.S. households own a pet.

: North America is likely to dominate the pet pens market owing to high pets population and adoption rate. Europe is anticipated to have a positive growth rate due to rising concerns for pets and pet care.

About Future Market Insights, Inc.

FUTURE MARKET INSIGHTS, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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