A comprehensive overview of the inflatable pet collar market is recently added by UnivDatos Market Insights to its humongous database. The inflatable pet collar market report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities and trends. This innovative report makes use of several analyses to get a closer outlook on the inflatable pet collar market. The inflatable pet collar market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the inflatable pet collar market at the global and regional level. The Global Inflatable Pet Collar Market was valued at 74.1 billion in 2020 and is expected to grow at a CAGR of 5.41% by 2027.
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The inflatable pet collar is designed for the safety of pets from post-surgical recoveries, rashes, injuries, and provides comfort to pets during their sleep. These collars also prevent pets from biting & licking their injured area, promoting recovery from surgery and wounds. According to the American Pet Products Association (APPA), in the United States, vet care & product sales, including the pet accessories such as inflatable collar reached US$ 31.4 billion in 2020. Also, the incresing count of overweighted dogs, indicates that they are more prone to injuries, and will require pet accessories such as inflatable pet collar for quick recovery. For instance, as per a blog by USA Today, 55.8% of dogs in the U.S. are overweight whereas 35% of dogs in the U.K. are overweight, and these propotion of dogs are more prone to injuries, which would further drive the demand for inflatable pet collars among pet owners.
The rising attention of people towards pets welfare, along with increasing expenditure on pets, is driving the attention of pet owners towards various pets safety products, which are boosting the demand for inflatable pet collars among pet owners. Also, a greater understanding of the adverse effects of Elizabethan collars or e-collars on pets is prompting the growth of this market. The Pet owners are concerned for their pets and are opting for pet insurance. For instance, the North American Pet Health Insurance Association (NAPHIA) reported that the pet health insurance sector posted gross written premiums of USD 1.56 billion in 2019, an increase of 24.3% compared to the value in 2018. Further, the market was rising at an average annual growth rate of almost 23% between 2015 to 2019. Also, the total number of pets insured reached 2.52 million at end of 2019, up 16.7% from 2018. The average annual growth rate of insured pets in the United States is 16% between 2015 to 2019 which shows the upsurge in pets care and rises the growth of the Inflatable Pet Collar Market.
The sudden outburst of the COVID-19 pandemic has fetched the entire world to a stoppage. It also made pets owners across the world to experience shortage of pet accessories, and foods due to lockdown. But it has increased the online sale of pet products. For instance, as per the information provided in the blog of Petpedia, 21% of pet owners spent more money on their pets during the Covid-19 pandemic. And the pet care retail industry statistics reveals that the pandemic was not that harsh on the pets service industry, as 70% of pet owners spent more time with their pets during the lockdown and social distancing. Also, due to the pandemic the online sales of the pet accessories and pet products are increased at a rapid pace. For instance, according to Stockline, ShipHero, and Attentive in 2020, the overall pet revenue growth was 63% during the pandemic.
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Global Inflatable Pet Collar Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Pet Type, the market is primarily bifurcated into
· Others (Rabbit, etc.)
The dog segment generated more than 43% revenue in 2020. The market is expected to grow at a significant rate during the forecast period as there is more dog adoption than cats or other animals by pet owners.
By Collar Size, the market is primarily segmented into
Amongst size, the small size collar segment dominated the market in 2020. The increasing population of small-sized dogs and cats is upsurging the market growth.
By Price Category, the market is primarily bifurcated into
· Premium/Luxury Products
· Mass Products
The mass products segment accounted for the major revenue portion in 2020, accounting for almost 57.2% share. The segment is anticipated to observe significant growth in the upcoming years as these products are designed for the mass population and are budget-friendly.
By Distribution Channel, the market is primarily bifurcated into
The online distribution segment is anticipated to observe profitable growth due to the extreme rise in the number of online shopping ventures during Covid-19. As per Pet Food Industry, the online purchasing of pet accessories has increased by 51% in March 2020 alone.
By End-user, the market is primarily bifurcated into
· Pet Owner
· Pet Hospitals and Clinics
· Pet-Friendly Hotels
The pet owners segment is anticipated to observe lucrative growth of more than 41.2% due to the extreme rise in the number of pet owners and their demand for pet accessories.
Inflatable Pet Collar Market Geographical Segmentation Includes:
· North America (the United States, Canada, and Rest of North America)
· Europe (Germany, United Kingdom, Italy, France, Spain, and Rest of Europe)
· Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific)
· Rest of the World
Based on the estimation, North America constitutes a major market for the inflatable pet collar industry and generated maximum revenue in 2020 owing to the increasing number of pet parents to buy inflatable pet collars for the recovery of their pets.
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The major players targeting the market includes
· Acorn Pet Products
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the inflatable pet collar market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the inflatable pet collar market?
• Which factors are influencing the inflatable pet collar market over the forecast period?
• What are the global challenges, threats, and risks in the inflatable pet collar market?
• Which factors are propelling and restraining the inflatable pet collar market?
• What are the demanding global regions of the inflatable pet collar market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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