NEW YORK, Oct. 13, 2021 /PRNewswire/ -- The smart-connected pet collars market size is set to grow by USD 627.49 million from 2020 to 2024. Technavio's latest market research report estimates that the smart-connected pet collars market will be accelerating at a CAGR of over 14%. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Eureka Technology Partners LLC, FitBark Inc., Garmin Ltd., Mars Inc., PetPace, Radio Systems Corp., SCOLLAR Inc., Smart Tracking Technologies LLC, Tractive GmbH, and Wagz Inc. are some of the major market participants. Although the strong bonding between owners and pets and rise in the aging population globally, especially in developed countries will offer immense growth opportunities, to leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Smart-Connected Pet Collars Market 2020-2024: Segmentation
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Smart-Connected Pet Collars Market 2020-2024: Vendor Analysis and Scope
Some of the major vendors of the smart-connected pet collars market in the leisure products industry include Eureka Technology Partners LLC, FitBark Inc., Garmin Ltd., Mars Inc., PetPace, Radio Systems Corp., SCOLLAR Inc., Smart Tracking Technologies LLC, Tractive GmbH, and Wagz Inc. . To help businesses improve their market position, Technavio's report provides a detailed analysis of around 25 vendors operating in the market. Backed with competitive intelligence and benchmarking, our research report on the smart-connected pet collars market is designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.
The report also covers the following areas:
The smart-connected pet collars market is fragmented, and the degree of fragmentation will accelerate. The increase in the number of pet owners and increased spending on pets will offer immense growth opportunities. However, the presence of network connectivity issues will hamper the market growth.
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Smart-Connected Pet Collars Market 2020-2024: Key Highlights
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Smart-Connected Per Collars Market Scope
Report Coverage | Details |
Page Number | 120 |
Base Year | 2019 |
Forecast Period | 2020-2024 |
Growth Momentum & CAGR | Accelerate at a CAGR of over 14% |
Market Growth 2020-2024 | USD 627.49 million |
Market Structure | Fragmented |
YoY growth (%) | 11.27 |
Regional Analysis | North America, Europe, APAC, South America and MEA |
Performing Market Contribution | North America at 38% |
Key Consumer Countries | US, China, France, Brazil, and Germany |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | Eureka Technology Partners LLC, FitBark Inc., Garmin Ltd., Mars Inc., PetPace, Radio Systems Corp., SCOLLAR Inc., Smart Tracking Technologies LLC, Tractive GmbH, and Wagz Inc. |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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