Global Smart Connected Pet Collar Market, By Pet Type (Cat and Dog), Sales Channel (Offline and Online), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Smart Connected Pet Collar Market
The smart connected pet collar market is expected to witness market growth at a rate of 9.7% in the forecast period of 2021 to 2028. Data Bridge Market Research report on smart connected pet collar market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. Rapid urbanization is escalating the growth of the smart connected pet collar market.
A smart connected pet collar refers to a device used in pet monitoring and is generally connected wirelessly to a smartphone via Bluetooth or Wi-Fi to monitor the location and activities of pet animals. Products available in the market are usually are designed specifically for dogs and cats.
The increase in consumers' preference in keeping pets across the globe acts as one of the major factors driving the growth of the smart connected pet collar market. The increase in smartphone adoption for ensuring the better utilization of IoT for pet care and overall monitoring and increase in demand from working individuals for pet monitoring accelerate the market growth. The rise in consumer awareness regarding smart technology and increased health consciousness regarding pet healthcare further influence the market.
In addition, consumer preference changes, expansion of e-commerce, rise in disposable income, and change in consumer preference positively affect the smart connected pet collar market. Furthermore, technological advancements in smart collars extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, high initial cost due to the integration of smart components for tracking the pet is expected to obstruct the market growth. The decline in consumer spending on pet ownership due to pandemics is projected to challenge the smart connected pet collar market in the forecast period of 2021-2028.
This smart connected pet collar market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on smart connected pet collar market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Smart Connected Pet Collar Market Scope and Market Size
The smart connected pet collar market is segmented on the basis of type, and sales channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of pet type, the smart connected pet collar market is segmented into cat and dog.
- On the basis of sales channel, the smart connected pet collar market is segmented into offline and online.
Global Smart Connected Pet Collar Market Country Level Analysis
The smart connected pet collar market is segmented into is analyzed and market size, volume information is provided by country, type, and sales channel as referenced above.
The countries covered in the global smart connected pet collar market is segmented into report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the smart connected pet collar market due to the high consumer awareness and willingness to pay for advanced technologies within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 because of the developing economies in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Smart Connected Pet Collar Market Share Analysis
The smart connected pet collar market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the smart connected pet collar market.
The major players covered in the smart connected pet collar market report are Allflex, Avid Identification Systems, Inc., Datamars, FitBark Inc., Garmin Ltd., SpotOn, Invisible Fence, Whistle, LINK AKC, Loc8tor Ltd., MOTOROLA HOME, Tractive, Trovan Ltd., Voyce; Cybortra technology co.,Ltd., KYON, DOGTRA, PetPace LTD., PawTrax, Pod Trackers Pty Ltd, DAIRYMASTER, Gibi Technologies Inc., IceRobotics Ltd, GoPro, Inc. and INUPATHY Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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