The Global Pet Carriers Market is expected to reach US$ 866.1 million in 2023. The pet carriers sales prospects are expected to witness a healthy CAGR of 4.1%, leading to a valuation of US$ 1,294.4 million by 2033.
The pet carriers market is driven by consumers’ increasing preference to carry their pets while traveling. The pet carriers provide a medium in the form of portable boxes, cages, backpacks, or crates to transport pet animals, making it convenient for pet parents to carry their pets. These carriers provide a sense of safety and security, particularly for larger pets, alleviating the stress associated with pet transportation. As a result, more pet owners are opting for pet carriers to ensure a comfortable and secure journey for their furry companions.
In today’s world, Millennials and Gen Z individuals are increasingly interested in enhancing their aesthetics, and the pet carriers industry is keeping up with this trend through new innovations and technology. Key manufacturers of pet carriers are focusing on bringing in new products that add to the aesthetic appeal of consumers. Moreover, the increased disposal income of consumers provides them a free hand to purchase such products. As a result, the pet carrier industry is experiencing a surge in attractive and innovative offerings that resonate with the style-conscious pet owners of today.
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The tours and travel sector has witnessed a rapid surge, and as a result, tourists now have a strong desire to travel with their pets. This growing trend is driven by reasons such as ensuring the safety and security of their beloved companions and the strong emotional bond they share with their pets. Consequently, there has been a significant increase in demand for pet accessories in general, particularly for pet carriers. The voyage and journey become hassle-free for both the pets and the pet parents. As more pet owners seek to include their furry friends in their travel plans, the pet carriers market is experiencing substantial growth.
The advancing trend of pet humanization reflects the growing focus of pet parents on providing optimal care and comfort for their beloved companions. This heightened emphasis on pet well-being has led to an increased demand for pet carriers made from sustainable and comfortable materials, offering sturdy seats for pets while traveling. As a result, the pet carriers market has experienced significant growth.
Different types of pet carriers are now available in the market, each offering unique features to enhance the comfort of pets during transportation. For example, backpack carriers are designed as compact soft-side bags, incorporating extra mesh panels to facilitate better airflow for the pets. These carriers are typically crafted from resilient polyester or nylon materials, which are pet-friendly and durable.
Many dominant players in the market are also involved in expanding their consumer base. To do so, they are trying to get approvals from various airlines to allow consumers to carry pets in pet carriers, following the rules and regulations of the airline. This opportunity is expected to lead to a substantial expansion in the pet carriers market, resulting in lucrative growth for key players. Moreover, the ease of shopping from e-commerce websites is expected to chime in with the growth aspects of the pet carriers market during the forecast period.
Key Takeaways
Sales via online distribution channels are expected to soar in the India pet carriers industry, subsequently boosting the growth of the pet carriers market in the projected period, 2023 to 2033.
The reliance of consumers on pets in the regions of Canada and the United States for companionship and emotional security is surging. As a result, these regions accounted for a significant market value in 2022.
Manufacturers in the German pet carriers industry seized the opportunity presented by the market conditions and introduced high-quality products. This move has assisted the manufacturers in the region in expanding their consumer base.
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Market Competition
The prominent market players, both established and emerging, are adopting growth strategies such as acquisitions, mergers, and collaborations. These companies are bent on bringing new ideas and innovations to increase their consumer base. They are working towards launching attractive and comfortable carriers in the market.
Recent Developments
- Ferplast deals in an extended range of pet carriers that includes Multipla Hamster Crystal, a multi-story cage for hamsters and mice. Superior, a folding dog crate, Multipla Roof Extension, a roof extension modular cage for small pets, and more.
- MidWest Homes for Pets is involved in the production of a varied range of pet carriers, and the 2023 product range includes Canine Camper Sportable Tent Crate, Cat Playpen, Contour Dog Crate, Critter Nation, Day Tripper Pet Backpack, Duffy Expandable Pet Carrier and so on.
Key Segments in the Pet Carriers Market
By Product Type:
- Purse carriers
- Sling carrier
- Hard Kennel
- Other Product types
By Material Type:
- Polyester
- Nylon
- Fur
- Others (Plastic)
By Pet Type:
- Dogs
- Cats
- Others
By Sales Channel:
- Supermarkets
- Specialty Stores
- Online stores
- Other stores
By Region:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
- Europe
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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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