Global Pet Travel Services Market
Dublin, Jan. 11, 2024 (GLOBE NEWSWIRE) — The “Global Pet Travel Services Market Size, Share & Trends Analysis Report by Pet Type (Dogs, Cats), Travel Type (Domestic, International), Application Type, Booking Type, Region, and Segment Forecasts, 2024-2030” report has been added to AnalysisAndMarkets.com’s providing.
The world pet journey companies market is anticipated to achieve USD 3.73 billion by 2030, increasing at a CAGR of 9.69% from 2024 to 2030, in accordance with the report. The key elements driving the expansion embody the rising pet possession/adoption charges coupled with rising pet humanization developments, an growing variety of pet journey companies in growing nations assured of safer transportation, and growing pet-friendly tourism charges. One of the key drivers propelling the expansion in demand for pet journey companies is the rising demand for animal-friendly properties reminiscent of inns, cafes, parks, and different services. For occasion, in accordance with Condorferries, a passenger & freight ferry service operator within the U.Okay., practically 52% of surveyed pet dad and mom reported that they might keep solely at pet-friendly lodging of their tourism.
Over half of the pet dad and mom throughout the globe are touring accompanied by their beloved furry buddies. Earlier individuals had been reluctant to e book long-term trip journeys because of having pets at home with out care. However, growing tourism charges and pet-friendly transportation allowance in a number of nations have made pet journey companies one of many rising business developments in recent years. As per the article printed by Condorferries, 42% of pet house owners who deliver animals whereas touring are from 55 to 64 years old, making child boomers extra more likely to be the goal for pet journey companies. It can be estimated that every 12 months round 2 million pets are boarding business flights within the U.S. and the quantity is considerably growing. According to American pet house owners, 61% of dogs usually tend to take pleasure in travels throughout the U.S.
The COVID-19 pandemic hit the tourism sector to the core with quite a few touring plans & tour bookings canceled within the 12 months 2020. This issue impacted the market significantly with the declined development price through the 12 months, nonetheless, the expansion rapidly recovered in late 2021. Lockdowns have definitely elevated pet adoption charges increased than ever earlier than in a number of components of the world. For occasion, an article printed in May 2021 by Frontiers Media S.A. reported that the U.Okay. witnessed a by no means seen spike in pet adoption price through the pandemic that almost emptied the shelters. In addition, the house owners spent a substantial period of time with their companions enhancing their pleasant attachment.
Post-pandemic has raised enthusiasm amongst individuals to renew their trip journeys together with their companion animals. According to a 2021-22 survey report printed by American Pet Products Association, round 78% of American pet house owners love touring accompanied by their pets every year. Since 2003, the enhancements in pet-friendly lodging have perked up the curiosity of householders to tag pets together with them for his or her lengthy worldwide journeys. As per Fivebarks, a participant within the Amazon Services LLC Associates Program, round 85% of U.S. canine vacationers use automobiles as their mode of transportation, with 10.8% airplanes, adopted by others. In addition, the identical supply means that round 79% of Americans journey with their dogs for trip journeys, with 11.3 for relocation functions, adopted by others.
Pet Travel Services Market Report Highlights
-
In 2023, the dogs section dominated the market by pet kind and generated the biggest income share of over 59% in 2023. According to a survey examine performed amongst U.S. pet dad and mom, about 61% of dogs take pleasure in touring the nation with their house owners
-
The home section dominated the market by journey kind in 2023 with the best income share and the worldwide section is anticipated to develop on the quickest CAGR over the forecast interval
-
The transportation section dominated the market in 2023 by utility kind owing to the growing demand amongst pet dad and mom for safer and extra handy commute services to select up and drop off their furry beings
-
With the biggest income share in 2022, the net & cellphone bookings section dominated the market by reserving kind owing to their comfort within the documentation course of
-
North America dominated the worldwide pet journey companies business with the biggest income share of over 37% in 2023. This is because of the area’s excessive per capita pet spending and huge possession charges
Key Attributes
|
Report Attribute |
Details |
|
No. of Pages |
150 |
|
Forecast Period |
2023-2030 |
|
Estimated Market Value (USD) in 2023 |
$1.96 Billion |
|
Forecasted Market Value (USD) by 2030 |
$3.73 Billion |
|
Compound Annual Growth Rate |
9.6% |
|
Regions Covered |
Global |
Key Topics Covered
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Pet Travel Services Market: Market Variables Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Parent Market Analysis
3.1.2 Ancillary Market Analysis
3.2 Penetration And Growth Prospect Mapping
3.3 Market Dynamics
3.3.1 Market Driver Analysis
3.3.2 Market Restraint Analysis
3.4 Industry Analysis
3.4.1 Porter’s 5 Forces Analysis
3.4.1.1 Bargaining Power Of Buyers
3.4.1.2 Bargaining Power Of Suppliers
3.4.1.3 Threat of New Entrants
3.4.1.4 Threat of Substitutes
3.4.1.5 Industry Rivalry: High
3.4.2 PESTEL ANALYSIS
3.4.2.1 Political & Legal Landscape
3.4.2.2 Economic & Social Landscape
3.4.2.3 Environmental Landscape
3.4.2.4 Technology Landscape
3.5 Estimated Pet Population, 2018-2022, by Key Species & Key Countries
3.6 Regulatory Framework (consistent with regional scope)
3.7 Opportunity Analysis
3.8 User Perspective Analysis
3.8.1 U.S. Pet proprietor profile based mostly on demographics, 2023
3.9 COVID-19 Impact Analysis
3.9.1 Current and Future Impact Analysis
3.9.2 Impact of COVID-19 on Pet Travel Services
Chapter 4 Pet Travel Services Market: Pet Type Analysis
4.1 Pet Type Market Share Analysis, 2023 & 2030
4.2 Pet Travel Services Market: Pet Type Movement Analysis, 2018 to 2030
4.3 Dogs
4.4 Cats
4.5 Others
Chapter 5 Pet Travel Services Market: Travel Type Analysis
5.1 Travel Type Market Share Analysis, 2023 & 2030
5.2 Pet Travel Services Market: Travel Type Movement Analysis, 2018 to 2030
5.3 Domestic
5.4 International
Chapter 6 Pet Travel Services Market: Application Type Analysis
6.1 Application Type Market Share Analysis, 2023 & 2030
6.2 Pet journey companies Market: Application Type Movement Analysis, 2018 to 2030
6.3 Transportation
6.4 Relocation
Chapter 7 Pet Travel Services Market: Booking Type Analysis
7.1 Booking Type Market Share Analysis, 2023 & 2030
7.2 Pet Travel Services Market: Booking Type Movement Analysis, 2018 to 2030
7.3 Online & Phone Bookings
7.4 Offline Bookings
Chapter 8 Pet Travel Services Market: Regional Market Analysis, 2018 – 2030 (USD Million)
8.1 Regional Market Share Analysis, 2023 & 2030
8.2 Regional Market Snapshot
8.3 North America
8.4 Europe
8.5 Asia Pacific
8.6 Latin America
8.7 MEA
Chapter 9 Pet journey companies Market – Competitive Landscape
9.1. Airpets International
9.2. Air Animal, Inc.
9.3. Happy Tails Travel, Inc.
9.4. Royal Paws
9.5. Blue Collar Pet Transport
9.6. Citizen Shipper
9.7. Starwood Pet Travel
9.8. World Care Pet Transport, LLC
9.9. PetRelocation, Inc.
9.10. Worldwide Animal Travel Ltd.
9.11. All Care Pet Transport.
9.12. Tails-A-Wagon Pet and Vehicle Transport
9.13. Aark Air International, Inc.
9.14. Across the Pond Pets Travel.
9.15. Cargolution Inc.
9.16. Fetchapet Ltd.
9.17. Flypets UK
9.18. Aeropets Worldwide
9.19. Petport
9.20. Jet Pet Global
9.21 Participant’s Overview
9.22 Financial Performance
9.23 Product/Service Benchmarking
9.24 Participant Categorization
9.24.1 Market Leaders
9.24.2 Strategy Mapping
9.25 List of Private Players
For extra details about this report go to https://www.researchandmarkets.com/r/hlv5ki
About AnalysisAndMarkets.com
AnalysisAndMarkets.com is the world’s main supply for worldwide market analysis studies and market information. We offer you the latest information on worldwide and regional markets, key industries, the highest corporations, new merchandise and the latest developments.
Attachment
CONTACT: CONTACT: AnalysisAndMarkets.com Laura Wood,Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
