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.
Exhibit 109: Paradise 4 Paws LLC - Product / Service
Exhibit 110: Paradise 4 Paws LLC - Key offerings
10.9 PetBacker
Exhibit 111: PetBacker - Overview
Exhibit 112: PetBacker - Product / Service
Exhibit 113: PetBacker - Key offerings
10.10 PetSmart Inc.
Exhibit 114: PetSmart Inc. - Overview
Exhibit 115: PetSmart Inc. - Product / Service
Exhibit 116: PetSmart Inc. - Key offerings
10.11 The Dog Stop
Exhibit 117: The Dog Stop - Overview
Exhibit 118: The Dog Stop - Product / Service
Exhibit 119: The Dog Stop - Key offerings
10.12 Urban Tails Pet Resort
Exhibit 120: Urban Tails Pet Resort - Overview
Exhibit 121: Urban Tails Pet Resort - Product / Service
Exhibit 122: Urban Tails Pet Resort - Key offerings
11 Appendix
11.1 Scope of the report
11.2 Inclusions and exclusions checklist
Exhibit 123: Inclusions checklist
Exhibit 124: Exclusions checklist
11.3 Currency conversion rates for US$
Exhibit 125: Currency conversion rates for US$
11.4 Research methodology
Exhibit 126: Research methodology
Exhibit 127: Validation techniques employed for market sizing
Exhibit 128: Information sources
11.5 List of abbreviations
Exhibit 129: List of abbreviations
About Technavio
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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.
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