Global Pet Sitting Market Share Projections: CAGR of 10.63% Envisions Market Size of $6.81 Billion by 2032
[230 + Pages Research Study] According to a market research study published by The Brainy Insights, the demand analysis of global pet sitting market size & share revenue was valued at around USD 2.48 billion in 2022 and is estimated to grow about USD 6.81 billion by 2032. The growing trend of pet ownership is expected to create substantial growth prospects throughout the forecast period. The key market players are listed in the report with their sales, revenues and strategies are CareGuide Inc., Camp Bow Wow, Best Friends Pet Care, Chicago Dog Walkers, Dogtopia Enterprises, DogVacay, Fetch! Pet Care & Holidogand & others.
Newark, Sept. 07, 2023 (GLOBE NEWSWIRE) — The Brainy Insights estimates that the USD 2.48 billion in 2022 global pet sitting market will reach USD 6.81 billion by 2032. There is a growing preference for pet owners seeking holistic health and wellness solutions. Pet-sitting businesses that incorporate services like pet massage, aromatherapy, and fitness programs can attract health-conscious pet owners. Additionally, integrating pet technology, such as smart collars with GPS tracking, activity monitors, and live streaming cameras, can enhance the pet-sitting experience. Pet owners are increasingly interested in staying connected with their pets and monitoring their well-being remotely. In addition, as technology advances, virtual pet-sitting services that involve video calls, virtual play sessions, and remote monitoring may become more popular. Virtual pet sitting can offer an alternative for pet owners who prefer to stay connected with their pets while away.
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Key Insight of the global Pet Sitting market
Asia Pacific is expected to witness significant growth during the forecast period.
Urbanization and changing lifestyles in the Asia Pacific region have led to busier work schedules and increased travel among pet owners. These factors have created a greater need for reliable and convenient pet-sitting services to care for their pets in their absence. Over the years, there has been a shift in cultural attitudes towards pets in many Asian countries. Pets are increasingly considered valued companions and integral family members, leading to increased demand for quality care during owners’ absence. However, with the rise of social media and global connectivity, pet owners in the Asia Pacific region are becoming more mindful of the significance of pet welfare and the need for responsible pet care. These factors have driven the demand for professional and reputable pet-sitting services.
In 2022, the care visits segment dominated the market with the largest market share of 58.64% and market revenue of 1.45 billion.
The service type segment is divided into care visits and drop-in visits. In 2022, the care visits segment dominated the market with the largest market share of 58.64% and market revenue of 1.45 billion.
In 2022, the dogs segment dominated the market with the largest share of 83.25% and revenue of 2.06 billion.
The pet type segment includes cats, dogs and others. In 2022, the dogs segment dominated the market with the largest share of 83.25% and revenue of 2.06 billion.
In 2022, the dog walking segment dominated the market with the highest market share of 57.31% and market revenue of 1.42 billion.
The application segment is classified into dog walking, pet transportation and others. In 2022, the dog walking segment dominated the market with the highest market share of 57.31% and market revenue of 1.42 billion.
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Advancement in market
In 2023: Camp Bow Wow remains committed to expanding its brand presence while prioritizing operational efficiency and customer satisfaction, all to enhance franchise owner profitability and provide exceptional service to its customers. In 2023, the company aims to launch 20 new Camps, with an additional 50 locations already planned for the upcoming years. These expansion efforts will be primarily concentrated in crucial states like Texas, Arizona, California, Tennessee, and Florida. Furthermore, Camp Bow Wow is pushing forward with its growth strategy by securing development deals for the first Camps in Alaska and Virginia. This exciting development allows the company to extend its reach to new territories and provide renowned pet care services to even more pet owners nationwide. The company’s forward-thinking approach demonstrates its continued dedication to serving the demands of pet owners and their precious furry companions.
Driver: Growing number of the ageing pet population.
Pet owners are becoming more mindful of their pets’ health and well-being. Pet sitters can cater to specific dietary needs, administer medications, and provide specialized care for pets with health issues. Additionally, as pets age, they may require extra attention and care, which experienced pet sitters can provide. This factor has increased the demand for pet-sitting services catering to senior pets’ unique needs.
Restraint: Lack of employee reliability and training.
Other pet care options, such as boarding facilities, pet daycare centres, or in-home pet care by friends or family, provide choices for pet owners. Competition from these options may affect the demand for professional pet-sitting services. Additionally, the demand for pet-sitting services can fluctuate seasonally, with peak periods during holidays and vacation seasons and slower periods during off-peak times. Managing staff and resources to meet varying demand levels can hamper the growth of pet-sitting businesses.
Opportunity: The growing trend of specialized services and extended service hours.
Offering specialized pet-sitting services, such as catering to specific breeds, pet sizes, or unique needs (senior pets, pets with medical conditions, and many others), can attract pet owners seeking tailored care for their furry companions. Furthermore, providing 24/7 or extended service hours can cater to pet owners with non-traditional work schedules or emergencies, making the pet-sitting business more flexible and accommodating.
Challenge: Integration with multi-omics data and lower education and awareness.
Hiring and retaining reliable and qualified pet sitters is vital for providing consistent and high-quality services. Ensuring proper training and certifications for employees can be time-consuming and resource intensive. Dealing with unforeseen pet health issues or emergencies can be challenging for pet sitters, especially if they lack the necessary veterinary knowledge or if immediate medical attention is required.
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Some of the major players operating in the global Pet Sitting market are:
• CareGuide Inc.
• Camp Bow Wow
• Best Friends Pet Care
• Chicago Dog Walkers
• Dogtopia Enterprises
• Fetch! Pet Care
• Petco Health and Wellness Company
• Pets at Home Inc.
• PetSmart LLC
• Swifto Inc.
• Wag Labs Inc.
• We Love Pets
Key Segments cover in the market:
By Service Type
• Care Visits
• Drop-in Visits
By Pet Type
• Dog Walking
• Pet Transportation
• North America (U.S., Canada, Mexico)
• Europe (Germany, France, the UK, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)
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About the report:
The market is analyzed based on value (USD Billion). All the segments have been analyzed worldwide, regional, and country basis. The study includes the analysis of more than 30 countries for each part. The report analyses driving factors, opportunities, restraints, and challenges to gain critical market insight. The study includes Porter’s five forces model, attractiveness analysis, Product analysis, supply, and demand analysis, competitor position grid analysis, distribution, and marketing channels analysis.
About The Brainy Insights:
The Brainy Insights is a market research company that provides actionable insights through data analytics to companies to improve their business acumen. They have a robust forecasting and estimation model to meet the client’s objectives of high-quality output within a short period. They provide both customized (client-specific) and syndicate reports. Their repository of syndicate reports is diverse across all the categories and sub-categories across domains. Their customized solutions meet the client’s requirements whether they are looking to expand or planning to launch a new product in the global market.
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