Save up to 30% on The Business Research Company’s comprehensive market research reports for a limited time only!

At What Rate is the Pet Travel Services Market Predicted to Expand Between 2024 and 2033?

In recent years, the pet travel services market has experienced rapid expansion. It is set to balloon in size from $1.85 billion in 2023 to $2.06 billion in 2024, demonstrating a compound annual growth rate (CAGR) of 11.3%. This historic growth trend is driven by factors such as a rise in pet ownership, urbanization, evolving lifestyles, regulatory shifts, a heightened focus on pet safety, and the growth of pet-friendly facilities.

The market for pet travel services is anticipated to experience a swift expansion in the coming years, with projections indicating it will reach $3.02 billion in 2028 by growing at a 10.0% compound annual growth rate (CAGR). This expansion during the projected period can be associated with factors such as globalisation and international travel, the evolution of regulatory norms, the escalating emphasis on sustainable and eco-friendly methods, the surge in premium and specialized services, and the development of pet tourism sector. Key trends predicted during this forecast period comprise the incorporation of technology, concerns regarding health and safety, specialized lodging, bespoke experiences, and reverence for environmental sustainability.

Claim Your Free Sample of the Global Pet Travel Services Market Report Today!

https://www.thebusinessresearchcompany.com/sample.aspx?id=10026&type=smp

What Forces Are Boosting the pet travel services Market’s Growth?

The growth of the pet travel services sector is being propelled by a surge in pet adoption. Acquiring pets through rescue organisations, instead of purchasing from breeders or pet stores, constitutes pet adoption. Pet travel services are favoured for their convenience in pet transport, lower time consumption, and advancement by professionals. As referenced by Chewy Inc., an online US retailer supplying pet food and additional products, in February 2023 there were approximately 977,202 pets adopted in 2021 in the US, marking the highest adoption rate of 61% over the previous six years. Another measurement by Animal Medicines Australia (AMA), an organisation representing leaders in Australia’s animal health industry, gauged in November 2022 that half of all Australian households possess at least one dog, making dogs the most prevalent pet. Approximately 48% of households had dogs in 2022, a significant 40% increase from 2019. As a consequence, the augmenting rate of animal adoption is propelling the growth of the pet travel services market.

What Key Segments Make Up the Pet Travel Services Market?

1) By Travel Type: Domestic, International

2) By Pet Type: Dogs, Cats, Other Pet Types

3) By Booking Type: Online Booking, Offline Booking

4) By Application Type: Transportation, Relocation

What Are the Latest Trends Impacting the Pet Travel Services Market?

One significant trend gaining traction in the animal health market is product innovation. Major players in the market are focused on launching novel and sophisticated products and services to solidify their market standing. For example, in March 2023, Pet Value, a pet food and supplies company based in Canada, introduced Let’s Go Outside, an exclusive digital pet-oriented travel guide. The special edition hard copy of this guide includes a unique, pet-friendly, chew-proof sleeve and features a compilation of stories and expert advice. The guide also suggests pet-centric hotels, camping sites, hiking trails, parks, restaurants, among other places, all curated by the company’s animal care experts.

Order Now for Fast Delivery of Your Pet Travel Services Market Report!

https://www.thebusinessresearchcompany.com/report/pet-travel-services-global-market-report

What Regions Are Dominating the Pet Travel Services Market Growth?

North America was the largest region in the pet travel services market in 2023. The regions covered in the pet travel services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Pet Travel Services 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 travel services market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Pet Travel Services Market Include

1. Pet Travel Services Market Executive Summary

2. Pet Travel Services Market Segments

3. Pet Travel Services Market Size And Template Market Growth Rate

4. Key Pet Travel Services Market Trends

5. Major Pet Travel Services Market Drivers

……

25. Key Mergers And Acquisitions In The Pet Travel Services Market

26. Top Pet Travel Services Companies

27. Pet Travel Services Market Opportunities And Strategies

28. Pet Travel Services Market, Conclusions And Recommendations

29. Appendix

Discover Related Reports by The Business Research Company:

Smart Home Devices Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/smart-home-devices-global-market-report

Wireless Earphones Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/wireless-earphones-global-market-report

Smart Microwave Ovens Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/smart-microwave-ovens-global-market-report

Learn More About The Business Research Company

The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at [email protected]

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: