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Pet Daycare and Lodging Market to Record a CAGR of 6.34%, Majority of Market Growth to Originate from North America - Technavio


NEW YORK, Sept. 26, 2022 /PRNewswire/ -- The "Pet Daycare and Lodging Market Type and Geography - Forecast and Analysis 2022-2026" has been added to Technavio's offerings. The market size is expected to grow by USD 8.6 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 6.34% during the forecast period.

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Pet Daycare And Lodging Market: Segmentation Analysis

By geography, the market has been segmented into North America, Europe, APAC, South America, and the Middle East and Africa. North America will account for 37% of the market's growth during the forecast period. This growth is attributed to factors such as high affordability and the availability of full-time and experienced service providers that offer security and safety to pets. However, market growth in this region will be slower than the growth of the market in other regions. The US and Canada are the key countries for the pet daycare and lodging market in North America.

By type, the market has been segmented into dog daycare and lodging, combined daycare and lodging, and cat daycare and lodging. The dog daycare and lodging segment will be the largest contributor to market growth during the forecast period. Dogs are the most commonly owned pets, which is driving the growth of this segment. Many service providers are offering premium lodging services for dogs. These factors are expected to contribute to the growth of the global dog daycare and lodging market during the forecast period.

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Pet Daycare and Lodging Market: Drivers and Trends

The growing popularity of various pet daycare and lodging services is driving the growth of the market. Pet owners have become increasingly concerned about the well-being and safety of their pets, which has increased the demand for pet daycare and lodging services. Some of the pet daycare and lodging services include boarding, daycare, training, playing, walking, and grooming. Many companies are offering specific pet services based on the requirements of customers. This is expected to contribute to the growth of the global pet daycare and lodging market during the forecast period.

Strict compliance with stringent regulations and certifications is a trend in the market. The rising concerns about pet safety have encouraged organizations to make regulations to monitor the service quality of daycare and lodging service providers. These certifications are provided according to the industry experience and responsibility levels of daycare and lodging service providers. Compliance with such regulations and certifications leads to trust among pet owners, which will increase the reliability of service providers. This is expected to support the growth of the global pet daycare and lodging market during the forecast period.

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Pet Daycare And Lodging Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.34%

Market growth 2022-2026

USD 8.6 billion

Market structure

Fragmented

YoY growth (%)

5.2

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 37%

Key consumer countries

US, Canada, China, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Adirondack Pet Lodge, Barkefellers, Barkley Pet Hotel and Day Camp, Best Friends Pet Care Inc., Camp Bow Wow Franchising Inc., Camp Run A Mutt Entrepreneurial Resources, Country Comfort Kennels, Country Paws Boarding Inc., Dogtopia Enterprises LLC, Paradise 4 Paws LLC, Pawsitively Heaven Pet Resort Inc., Pet Station Group, PetBacker, PetSmart Inc., Puss n Boots Boarding Cattery Pty Ltd., Room For Paws Pet Resort, Social Pet, The Dog Stop, TK Petcare Solutions Pvt. Ltd., and Urban Tails Pet Resort

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis 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.

Browse Consumer Discretionary Market Reports

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Type

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio


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