DUBLIN – (BUSINESS WIRE) – January 4, 2022–
The US pet clothing market size is projected to reach USD 1.63 billion by 2028, registering a CAGR of 12.9% from 2021 to 2028.
Growing levels of disposable income, increasing purchasing power of consumers and hence increasing spending on pets are some of the key factors that are expected to drive the market growth during the forecast period. The focus of pet owners in the United States on investing in wearable pet devices to keep their pets happy, healthy and safe is supporting market growth.
According to the American Pet Products Association (APPA), pet owners in the United States spent an estimated $ 99 billion on their pets in 2020, up from $ 69.4 billion in 2017. Of those total spending, 40. $ 9 billion was spent on veterinary care, insurance, portable pet devices, grooming and training. The growing popularity of portable pet devices is particularly opening up opportunities for the introduction of portable pet devices based on IoT technology.
The pet clothing market is still in its infancy. However, manufacturers are focusing on developing new and innovative products capable of collecting health parameters from pets, which can be of great benefit to veterinarians. Pet care companies spend on pet care hospitals to provide collaborative services to pet owners. For example, in August 2019, Petco Animal Supplies Inc. expanded the footprint of its in-store veterinary clinics and hospitals in the United States.
Some of the dominant players in the market include Konectera Inc .; Datamars; Allflex USA Inc .; Avid Identification Systems, Inc .; Intervet Inc .; FitBark; Garmin Ltd. ; AKC link; and invisible fence.
These players focus on new product launches, mergers and acquisitions, and strategic partnerships and collaborations to improve their product offerings.
Highlights of the United States Pet Clothing Market Report
- The GPS segment dominated the market in 2020 with a revenue share of 44.4%. Growing cases of missing pets in the United States are leading to the use of GPS-based wearable pet devices that can help track a missing pet.
- The identification and tracking segment dominated the market in 2020 and is expected to reach $ 0.94 billion by 2028. The wearable can help animal rescue identify the animal and its owner and return the animal. animal to its rightful owner.
Chapter 1 Methodology and Scope
Chapter 2. Executive summary
Chapter 3. Variables, Trends and Scope of the United States Pet Clothing Market
3.1. Mapping of penetration and growth prospects
3.2.1. Market Driver Analysis
3.2.2. Analysis of market challenges
3.3. Industry value chain analysis
3.4. Business environment analysis tools
3.4.1. Industry Analysis – Porter’s Five Forces Analysis
3.5. U.S. Pet Clothing Market: Key Company Analysis, 2020
3.6. Impact of COVID-19 on the U.S. Pet Clothing Market
Chapter 4. Segment Analysis of US Pet Clothing Market Technology
4.1.1. US RFID Wearable Pet Device Market, 2018 – 2028 (USD Million)
Chapter 5. Application Segment Analysis of the US Pet Clothing Market
5.1. Identification and follow-up
5.1.1. Identifying and Tracking the U.S. Pet Clothing Market, 2018 – 2028 (USD Million)
5.2. Behavior monitoring and control
5.3. Facilitation, safety and security
5.4. Medical diagnosis and treatment
Chapter 6. Competitive landscape
6.2. Financial performance
6.3. Comparative analysis of products
6.4. Strategic initiatives
- Allflex USA Inc.
- Avid Identification Systems, Inc.
- Garmin Ltd.
- Intervet Inc.
- Invisible fence
- Konectera Inc.
- AKC Link
- Loc8tor Ltd.
- Pet Pace LLC
- Ridogulous Laboratories Inc.
- Trovan Ltd.
- Whistle Labs, Inc.
Laura Wood, Senior Press Director
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KEYWORD: UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: CONSUMER HEALTH TECHNOLOGY PETS VETERINARY MATERIAL
SOURCE: Research and markets
Copyright Business Wire 2022.
PUB: 04/01/2022 12:25 PM / DISC: 04/01/2022 12:26
Copyright Business Wire 2022.