new york, February 1, 2024 /PRNewswire/ — Global pet accessories market The size is estimated to grow as follows $13.24 billion According to Technavio, from 2022 to 2027.The market is estimated to grow rapidly CAGR 6.2% During the forecast period. North America will hold the largest share in the global market in 2022, and the market in this region is estimated to witness a gradual growth of 43%.of Increase in number of pet owners and increased spending on pets, is accelerating its expansion. Pet ownership and spending has increased significantly in recent years, especially among Millennials, and the industry has experienced significant growth due to increased demand for a variety of pet-related products and services. To learn more about historical data (2017-2021) and projected size (2023-2027), request a sample report.
Technavio has published its latest market research report titled “Global Pet Accessories Market 2023-2027”.
Technavio segments the market on the basis of end users (dogs, cats, etc.), products (pet toys, etc.), distribution channels (offline and online), and geography (North America, Europe,Asia Pacific, south americaand middle east and Africa).
- of dog segment will become important during the forecast period. Because dogs require a lot of space and care, working nuclear couples often purchase dog furniture. In addition, dog furniture for pets is very much preferred by residents of apartments that do not have a garden or porch where a pet can live. Therefore, such factors are expected to drive this segment during the forecast period.
Geographically, this segment includes North America. Europe,Asia Pacific, south americaand middle east and Africa. This report provides actionable insights and estimates the contribution of every region to the growth of the global Pet Accessories industry.
- North America I will contribute 43% Affects growth during the forecast period.
Insights on the contribution of different segments including countries and regions, historical data (2017-2021) and forecast size (2023-2027) – Download sample report
- The emergence of smart accessories is a major trend driving growth, but factors such as infrequent purchases and low replacement cycles can hinder growth.
Insights on drivers, trends, challenges, historical period (2017-2021), and forecast period (2023-2027) – Request a sample report.
The application includes:
Leading companies in the industry offer a wide range of products including pet collars, leashes, clothing, beds, carriers, and grooming tools. Other items include toys, training supplies, ID tags, travel accessories, shoes, strollers, and hygiene products to ensure the comfort, safety, and health of your pet while meeting the needs of pet owners. I will also respond.
What are the key data covered in this Pet Accessories Market report?
- CAGR during the forecast period
- Detailed information about factors driving Pet Accessories Market growth from 2023 to 2027
- Accurate estimation of pet accessories market size and contribution to parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of pet accessories industry North America, Europe,Asia Pacific, south americaand middle east and Africa
- Thorough analysis of the competitive environment and detailed information on vendors
- Comprehensive analysis of factors hindering the growth of Pet Accessories Vendors
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