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2024-2033 Pet Sitting Market: What Growth Rate is Predicted?

The size of the pet sitting market has seen rapid expansion in recent years. It is forecast to increase from $2.67 billion in 2023 to $2.94 billion in 2024, demonstrating a compound annual growth rate (CAGR) of 10.3%. The previous growth in this market can be tied to factors such as a surge in pet ownership, evolving lifestyle and work habits, heightened understanding of pet health, the humanization of pets, and recommendations by word of mouth.

The market size for pet sitting is anticipated to experience a significant surge in growth in the upcoming years. Forecasts predict it will expand to $4.37 billion by 2028, with a compound annual growth rate (CAGR) of 10.4%. Various factors contributing to this predicted growth in the aforementioned period include an uptick in travel and leisure activities, escalating demands and expectations of pet owners, provision of distinct services for different pets, increased urbanization, and an emphasized consideration of pet mental health and wellbeing. Key trends for this forecast period include the incorporation of technology in pet sitting services, a focus on specific and tailor-made services, an emerging professional scene of pet sitters and agencies, an improvement in safety protocols and insurance coverage, and once again, the application of technology in pet sitting services.

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What Aspects Are Driving the Expansion of the pet sitting Market?

The escalating preference for pet care is projected to bolster the expansion of the pet-sitting market in the future. Pet care involves the medical and general care of pets which enhances their overall health and mitigates their stress. A rise in pet care leads to a boost in the pet sitting market due to the emphasis on maintaining a healthy and hygienic environment for pets. To illustrate, the Insurance Information Institute, Inc., a reputable US industry association known for providing unique, data-driven insights pertaining to insurance, reported that the count of insured pets in the U.S. stood at approximately 3.9 million in 2021, marking a 28 percent surge from 2020. Further, expenditures in the U.S. pet industry climbed from $103.6 billion in 2020 to $123.6 billion in 2021. Hence, the elevation in pet care is steering the growth trajectory of the pet-sitting market moving forward.

What Are the Significant Segments of the Pet Sitting Market?

1) By Pet Type: Dogs, Cats, Fish, Cage Pets, Other Pet Types

2) By Service: In-House Sitting, At-Care Facilities

3) By Application: Day Care Visits, Dog Walking, Pet Transportation, Other Applications

What Trends Are Influencing the Evolution of the Pet Sitting Market?

The embrace of technology is a major trend garnering attention in the pet-sitting industry. Firms in this industry are capitalizing on technological advances to maintain their market placement. Take for example, Whistle Labs Inc., a US pet healthcare tech company, that launched an AI-infused, data-fueled smart device for dogs known as Whistle health in May 2022. By using data gathered from over 100,000 pets worldwide over a four-year period, Whistle was able to create an AI technology capable of translating each dog’s movements into a personalized, comprehensive wellness index. Used alongside the Whistle app, the Whistle Health device can flag potential issues such as excessive scratching or alterations in eating habits, connecting owners seamlessly to a veterinarian via the Ask a Vet service provided by Whistle.

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Which Geographic Areas Are Influencing the Growth of the Pet Sitting Market?

Asia-Pacific was the largest region in the pet sitting market in 2023. North America is expected to be the fastest-growing region in the global pet-sitting market report during the forecast period. The regions covered in the pet sitting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Pet Sitting Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the pet sitting market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Pet Sitting Market Include

1. Pet Sitting Market Executive Summary

2. Pet Sitting Market Segments

3. Pet Sitting Market Size And Template Market Growth Rate

4. Key Pet Sitting Market Trends

5. Major Pet Sitting Market Drivers

……

25. Key Mergers And Acquisitions In The Pet Sitting Market

26. Top Pet Sitting Companies

27. Pet Sitting Market Opportunities And Strategies

28. Pet Sitting Market, Conclusions And Recommendations

29. Appendix

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