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Pet Tech Market Share
- Report ID: GMI4187
- Published Date: Feb 2023
- Report Format: PDF
Pet Tech Market Share
The COVID-19 pandemic had a positive impact on the pet smart devices market given to rising pet adoption rates across countries like U.S. Home isolation and loneliness urged people to purchase or adopt pets from shelters which subsequently fueled the demand for pet care products. Furthermore, rising sales of pet devices from e-commerce platforms and robust consumer spending on pet healthcare products would propel the market expansion.
Frequently Asked Questions (FAQ) :
The market size of pet tech surpassed USD 5 billion in 2022 and is set to witness over 15% CAGR from 2023 to 2032.
Pet smart devices market share from the smart pet doors segment is poised to exceed 10 million shipment units by 2032, attributed to the growing popularity and features of these products like facial recognition.
The market for pet tech in North America will reach USD 20 billion by 2032, owing to increasing awareness about pet security and wellness in the U.S. and Canada.
Major players involved in the market are Mars Incorporated, Garmin International, Inc., Afimilk, Xiaomi, Petcube Inc., Fitbark Inc., and Pawbo (Acer).
Pet Tech Market Scope
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