In 2023, the pet lodging market is estimated to be worth USD 4 billion. By 2033, it is projected to reach a total of USD 7 billion. The adoption of pet lodging is expected to advance at a Compound Annual Growth Rate (CAGR) of 5.7% throughout the forecast period.
The rise in dual-income households has resulted in an increased need for pet lodging services. As more individuals juggle busy work schedules and travel obligations, there is a growing demand for dependable and trustworthy accommodations to ensure the welfare of their pets while they are away. This trend has stimulated the expansion of professional pet lodging facilities, offering a secure and nurturing environment for pets in the absence of their owners.
The increasing number of pet owners across the world makes for a big chance for businesses that provide places to stay for pets. As more people bring pets into their families, the need for safe and comfy places to stay while traveling or working is growing.
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Health and wellness services are gaining traction in the pet lodging market. This includes offering grooming, spa treatments, exercise programs, and even holistic therapies to promote the overall well-being of pets. With increasing awareness about environmental sustainability, the adoption of eco-friendly practices is becoming a trend in the pet lodging market. This includes using sustainable materials, implementing energy-efficient systems, and incorporating green initiatives in day-to-day operations.
Franchise and chain operations are expanding in the pet lodging industry, offering standardized services and a recognizable brand. This trend allows for broader market reach and greater convenience for pet owners.
Key Takeaways from the Pet Lodging Market:
- As per FMI, the United States is spearheading the growth across North America, accounting for nearly 5.9% of the market share in 2022.
- United Kingdom is expected to account for 5.1% of the total market share in Europe.
- As per Future Market Insights, the premium segment is expected to dominate the product type with a market share of 5.3%.
- As per FMI, the online booking segment is poised to expand at over 5.5% CAGR in 2023.
Market Competition
Key players in the pet lodging market are innovatively transforming the manufacturing process to cater to the changing demands and desires of pet owners in a distinctive manner. These players are adopting innovative design concepts and advanced technologies to create state-of-the-art pet lodging facilities.
Modern manufacturing techniques, such as modular construction and prefabrication, enable faster and more efficient construction of pet lodging facilities. This approach ensures high-quality structures that are durable, customizable, and easily scalable.
Key players are incorporating eco-friendly materials and sustainable practices to minimize environmental impact. By embracing these manufacturing advancements, key players are transforming the pet lodging market, providing safe, comfortable, and attractive accommodations for pets while offering convenience and peace of mind to their owners.
Key Players in the Market:
- Oupet Co.
- PetBacker Co.
- PaCo Pet Care LLC
- PetSmart Inc.
- Paradise 4 Paws LLC
- Puss ‘n’ Boots Boarding Cattery
- Dogtopia Enterprises LLC
- Pet Station Kennels & Cattery
- Preppy Pet Co.
- Barkefellers
- Urban Tails Pet Resort
- Royvon Dog Training & Hotels
- Country comfort kennels
- Camp Bow Wow Co.
- Best Friends Pet Care
- Carey Pet and Home Care
Product Portfolio:
- PaCo Pet Care LLC offers a comprehensive product portfolio in the pet lodging industry. Their offerings include spacious and comfortable pet suites, personalized care plans, grooming services, indoor and outdoor play areas, and 24/7 monitoring for the well-being of pets. Additionally, they provide additional amenities such as interactive toys, specialized diets, and socialization activities to ensure a pleasant stay for every pet. PaCo Pet Care LLC focuses on delivering exceptional customer service, ensuring a stress-free experience for both pets and their owners.
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More Insights Available
Future Market Insights offers an unbiased analysis of the pet lodging market, providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the pet lodging market, the report is segmented on the basis of Pet Type (Dogs, Cats and Other), Lodging Period (Overnight Stay and Extended Stay), Price Range (Mass and Premium), Booking Type (Physical and Online), across 7 major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East & Africa).
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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