Impact of COVID-19 Outbreak on Pet Carriers Market Analysis, Trends and Opportunities 2021 - 2027

Posted July 15, 2021 by Vaibhavwa_mrfr21

MarketResearchFuture Presents “Pet Carriers Market Research Report –Global Forecast to 2027” New Document to its Studies Database
Market Highlight

The global pet carriers market size is projected to reach approximately USD 851.5million by 2028, at a CAGR of 3.95% from 2021 to 2028. The increasing interest in pet humanization, coupled with a growing demand for innovative fashionable accessories for pets, is one of the factors driving the market growth for pet carriers market. Growing consumer spending in the household and pet products categories is expected to be the rising trend of pet humanization. Consumers treat their pets as family members, this upsurge pet humanization trend, which in turn influences the growth of the global pet carriers market. Consumers are adopting small pets such as cats, dogs, and gunnies pigs, as they are more likely to be humanized. Owing to this, consumers are spending heavily for ensuring the best quality life for their pets. This leads to growing adoption of pet related products such as pet carriers. Owing to the increasing pet adoption, consumers are now spending huge amounts of their income on pet products thereby boosting the demand for pet carriers.

However, the global pet carriers market has been challenged by the corona virus pandemic and the slight effects of the pandemic may continue to be experienced over the coming years. Owing to the COVID-19 crisis, the short-term effects of the pandemic have affected the supply and demand of pet products, investors are skeptical whether the upsurge in pet products spending will alter or remain the same. Regardless of some disturbances caused by COVID-19 lockdown measures across the globe, the long-term growth potential of the sector remains unharmed. The current flow in pet ownership in a few countries is driven by increasing adoption and nurturing by people restricted to their homes.

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Key Players

K&H Manufacturing (US)

Sherpa Pet (US)

Quaker Pet Group (US)

Paws& Pals (US)

EliteField (US)

Snoozer (US)

Sleeko (US)

Prefer Pets Travel Gear (US)

Gen7Pets (US)

Outward Hound Home (US)

Market USP

Increasing technological innovations: Pet industry is growing with an increasing number of pet owners who are prioritizing their pets. Owing to this, there have been recent advancements in technologies. Several innovations have stimulated the market in the last couple of years. For instance, Jacket Carrier concept helps in growing of pet transportation industry. There are many unpleasant experiences of traveling with pets, the concept of Jcpet carrier helps in providing pet owners with new way to travel with their pets both inside and outside environments. Pet owners want to stay connected and stay closer with their pets, and provide them a better living condition. This creates opportunities for manufactures in creating more caring, more functional and more intelligent products, which will help in creating a better bonding experience between humans and pets. As a potential solution for this, Jcpet Carrier helps in fulfilling these expectations. Jcpet Carrier represents a new generation of pet transport product. The carrier has smart management features which help pet owners in managing their pets and stay connected when they are not at home. Such innovative products create a huge growth opportunity for the manufacturers in global pet carriers market.

Pet humanization: The pet humanization trend is influencing the market growth, with increasing consumer interest in treating pets as part of their family. The popularity of pet accessories among pet owners is increasing at a great speed, which has a positive impact on the market and is expected to contribute to significant growth during the forecast period. Some pet owners like representing their lifestyles by spending on comfortable and luxurious products for their pets. This creates growth opportunities for market competitors in global pet carriers market for launching numerous new and customized products in the pet transport products segment.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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Country India
Categories Business , Retail
Tags pet carriers market
Last Updated July 15, 2021