Sat, 22 Jan 2022

The new report by Expert Market Research titled, 'Global Pet Tech Market Report and Forecast 2021-2026, gives an in-depth analysis of the Global Pet Tech Market, assessing the market based on its segments like product type, application, end-use, distribution channel and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter's Five Forces models.

Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/pet-tech-market/requestsample

The key highlights of the report include:

Market Overview (2016-2026)

  • Forecast CAGR (2021-2026): 24%

Globally, the residential sector will drive expansion in the global pet tech market, accounting for a large proportion. Many regions have seen an increase in the adoption of pets in the home sector. The most popular domestic animal species are dogs and cats. Pet food manufacturers are developing smart gadgets specifically for these animals.

Industry Definition and Major Segments

Pet tech companies can be exemplified as 'companies with primary business are providing pet owners with tech-enabled solutions.' Technology solutions for tracking, training, and connecting pets are a few examples of this.

Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/pet-tech-market

On the basis of product type, the market is prorated into:

  • Tracking Equipment
  • Monitoring Equipment
  • Entertainment Equipment
  • Feeding Equipment
  • Others

Based on the application, the market can be segmented into:

  • Pet Healthcare
  • Pet Owner Convenience
  • Communication and Entertainment
  • Pet Safety

On the basis of end-use, the market is divided into:

Based on distribution channel, the market is segmented into:

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On the basis of regional markets, the industry is divided into:

1 North America

1.1 United States of America

1.2 Canada

2 Europe

2.1 Germany

2.2 United Kingdom

2.3 France

2.4 Italy

2.5 Others

3 Asia Pacific

3.1 China

3.2 Japan

3.3 India

3.4 ASEAN

3.5 Others

4 Latin America

4.1 Brazil

4.2 Argentina

4.3 Mexico

4.4 Others

5 Middle East & Africa

5.1 Saudi Arabia

5.2 United Arab Emirates

5.3 Nigeria

5.4 South Africa

5.5 Others

Market Trends

The rising technology developments during the projection period, the pet tech market would profit from increased technology advancements and breakthroughs in pet durables. Smart fitness trackers, food, toys, and other innovations in the pet care business are just a few examples of significant technological advancements. Several businesses are developing cutting-edge wearable technologies that allow pet owners to keep a constant check on their dogs' activities.

Furthermore, the region's rapid expansion of pet stores, pet healthcare, and pet sitting services will make it easier for pet owners to adopt these innovative technologies. Several companies have developed low-power wireless smart collars with non-invasive sensors to track a pet's location, calories consumed and burnt, respiration, heartbeat, movement, temperature, and heart-rate variations, all of which contribute to the pet's overall health.

Key Market Players

The major players in the market are CleverPet, Dogtra Company, Pawscout, Inc., Felcana and others. The report covers the market shares, plant turnarounds, capacities, investments, expansions and mergers and acquisitions, among other latest developments of these market players.

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About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients' needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client's unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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