The dog float market is set to witness a CAGR of 3.0% during 2021-2031. The dog float are made specifically for pets such as dogs and cats to allow them to enjoy the water alongside their owners.
What is Driving Demand for Dog Float?
The global pet accessories industry is expected to grow due to a number of factors. The rising popularity of pet adoption is driving up demand for pet accessories like dog float. Having a dog as a pet brings a lot of love and affection, as well as health benefits. Dogs are frequently used to alleviate loneliness in people’s lives. A pet at home encourages people to get out and socialize.
Going for a stroll with a pet, such as a dog, can help with health issues such as blood pressure and cholesterol levels. People consider a companion animal to be their best friend. The close bond that exists between a dog and a human being can frequently aid in the resolution of issues such as depression and other forms of mental stress. It also covers the issue of loneliness in one’s life.
These advantages of pet adoption have led to a rise in pet adoption rates around the world. Furthermore, when participating in outdoor activities such as swimming, where some dogs are scared of water, a dog float allows them to enjoy the water alongside their guardians.
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Trends in Dog Float Likely to Augment Sales
Customization is a popular trend in the dog float industry. In order to entice pet owners, the producers of dog float provide customized dog float. The SwimWays spring float paddle paws dog pool float, for example, is specifically developed for pets. The float is made of a claw-friendly, puncture-resistant plastic with a paw print pattern. This float folds up easily for storage and transit.
Furthermore, the pet floats are offered in various shapes and sizes according to the pets is the on-going trend. For example, the Midlee brand offers inflatable bone shaped dog float which is perfect for small as well large dogs.
Impact of Covid- 19 on Dog Float Market
The COVID-19 outbreak had a negative effect on dog float business. A major issue arose during the pandemic as a result of limits put on a range of activities, including the closure of pet stores and restrictions imposed on swimming pools and beaches where the product is commonly used. Furthermore, as a result of the epidemic’s government limitations and heavy lockdown, the manufacturing process had been suspended due to a manpower shortage.
US and Canada Dog Float Market Outlook
The United States is the most valuable market for dog float in the world. According to the statistics of National Pet Owners in 2019, around 67% of U.S. households owned a pet, among which 63.4 million are dogs owned by majority of the households. Furthermore, physical activities to keep the dogs active is rising. The consumers across the region are willing to pay more for premium products, thus augmenting the dog float market in US.
Furthermore, the manufacturers are concentrating on providing more environmentally friendly items. Pet Expertise, LLC, for example, sells Eco Fly-n-Tug floats, which include an exterior layer made of 100 percent natural, sustainable hemp canvas and an inner layer made of 100 percent eco-felt wool. The product is non-toxic, lead-free, and printed with eco-friendly ink.
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Key Segments
By Shape:
- Paw Shaped
- Bone Shaped
- Others
By Size:
- Small
- Medium
- Large
By Sales Channel:
- Wholesalers/Distributors
- Online Retailers
- Convenient Stores
- Multi-Brand Stores
- Pet Specialty Stores
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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