Pet Service Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Pet Service market is segmented by Pet type (Dog, Cat, and others), Service Type (Grooming, Pet Transportation, Pet Boarding, Pet Sitting, Pet Walking, and Others), and Geography (North America, Europe, Asia Pacific, South America, and Africa).

Pet Service Market Snapshot

Pet Service Market Overview
Study Period:

2016 - 2026

Base Year:

2020

Fastest Growing Market:

North America

Largest Market:

North America

CAGR:

5.2 %

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Market Overview

The pet service market is projected to grow at a CAGR of 5.2% during the forecast period (2021 - 2026). Although the year 2020 was not to be found very promising for all the industries but in the case of the pet service market it was a boon as due to repeated lockdowns people stayed mostly at home and they took good care of their pets, this stimulated the demand for pet services and products and encouraged significant growth in the pet service market. The popularity of pet fashion among pet owners will have a positive impact on the market and contribute to its growth significantly over the forecast period. Some pet owners, especially affluent ones, are very particular about representing their lifestyles by spending on comfortable and luxurious products for their pets. This is encouraging many market competitors to launch numerous products in the grooming and accessories segment. The pet services include pet sitting, pet grooming, pet traveling, pet training, pet hotels, and customized subscription boxes for the pet.

Scope of the Report

Pet Service is a component of the Pet Care market which includes services exclusively meant for taking care of pets like pet grooming, pet walking, pet sitting, pet transportation, pet boarding etc. These are the non-medical services, which focus on pets, include bathing and grooming, pet sitting or boarding, obedience training, pet health insurance, etc. The companies in the industry operate in B2C format. The Pet Service market is segmented by Pet type (Dog, Cat, and others), Service Type (Grooming, Pet Transportation, Pet Boarding, Pet Sitting, Pet Walking, and Others), and Geography (North America, Europe, Asia Pacific, South America, and Africa).

Pet type
Dog
Cat
Others
Service Type
Grooming
Pet Transportation
Pet Boarding
Pet sitting
Pet walking
Others
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Russia
Spain
Rest of Europe
Asia Pacific
India
China
Japan
Rest of Asia Pacific
Rest of the World
Brazil
South Africa
Other countries

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Key Market Trends

Increase in number of pet owners and increased spending on pets

According to National Pet Owner's Survey (2019-2020) conducted by the American Pet Products Association (APPA), in the United States, almost 85.0 million households have a pet and over the last 30 years, pet ownership has gone from 56.0% to 68.0% of all households. The boom in pet care spending has resulted in a huge increase in products and services aimed toward affluent pet owners. The rising aging population in developed countries is driving the growth of the global pet daycare and lodging market as they are considered good companions for the elderly. With the growing ownership of pets, pet owners are increasingly spending on service packages with more options, including food and grooming options. The desire for improved pet care products and accessories such as pet furniture has increased owing to the growing importance of pets and services.

Pet Service Market Key Trends

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North America Dominates the Pet Services Market

According to estimates of the American Pet Products Manufacturers Association, Americans spend USD 5.4 billion on pet grooming and boarding services in 2017. The United States and the United Kingdom have long been the leaders of the world pet market. Another growing force in the pet market is Russia, which has witnessed dramatic growth in the pet industry. With more people taking on the responsibility of pet ownership, concern for their wellbeing is also rising and that is having a big impact on how the country's pet industry has been shaping. Emerging markets are poised for dramatic growth in pet care. Dense urbanisation trends and small living spaces will change the types of pets that people own and the way they care for them. The popularity of pet fashion among pet owners have a positive impact on the market and is expected to contribute a significant growth during the forecast period. Some pet owners are very particular about representing their lifestyles by spending on comfortable and luxurious products for their pets. This encourages market competitors to launch numerous new products, customized products in the pet grooming service market segment.

Pet Service Market Growth by Region

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Competitive Landscape

The market appears to be fragmented with the presence of many companies, enticed by lower start-up costs than maintaining a brick-and-mortar business, more groomers, pet travel services, pet waste removal and funeraray/bereavement services are getting into this mobile grooming on their own or through franchises. Mobile groomers typically advertise through veterinary offices and local pet shops.  More companies/start ups are tapping into this fertile area.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Pet type

      1. 5.1.1 Dog

      2. 5.1.2 Cat

      3. 5.1.3 Others

    2. 5.2 Service Type

      1. 5.2.1 Grooming

      2. 5.2.2 Pet Transportation

      3. 5.2.3 Pet Boarding

      4. 5.2.4 Pet sitting

      5. 5.2.5 Pet walking

      6. 5.2.6 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Russia

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 India

        2. 5.3.3.2 China

        3. 5.3.3.3 Japan

        4. 5.3.3.4 Rest of Asia Pacific

      4. 5.3.4 Rest of the World

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Other countries

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 PetBacker

      2. 6.3.2 Petsfolio

      3. 6.3.3 AirPets Relocation Services Pvt. Ltd

      4. 6.3.4 Global Pet Relocation

      5. 6.3.5 PetSmart Inc.

      6. 6.3.6 Anvis Inc

      7. 6.3.7 Virbac

      8. 6.3.8 Barking Mad

      9. 6.3.9 We Love Pets

      10. 6.3.10 My Best Friend Dog Care

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. AN ASSESSMENT OF COVID-19 IMPACT ON THE MARKET

**Subject to Availability

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Frequently Asked Questions

The Pet Service Market market is studied from 2016 - 2026.

The Pet Service Market is growing at a CAGR of 5.2% over the next 5 years.

North America is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

  • PetBacker
  • Petsfolio
  • Global Pet Relocation
  • PetSmart Inc.
  • AirPets Relocation Services Pvt. Ltd

Are the major companies operating in Pet Service Market.

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