Pet Wearable Market - United States
Market Statistics
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 12.60% (2024-2032)
The U.S. Pet Wearable Market is experiencing significant growth, driven by consumer preferences for convenience and time-saving solutions. According to the latest report by IMARC Group, The United States pet wearable market is projected to grow at a CAGR of 12.60% from 2024 to 2032.
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United States Pet Wearable Industry Trends and Drivers:
Increasing Pet Humanization Trend
- More people treat pets as family members
- Rising demand for products enhancing pet health, safety, and well-being
- Pet wearables provide valuable insights into pets' activities and health status
- Informed decisions about pet care contribute to improved overall health and longevity
Rise of Smart Technology and IoT
- Development of advanced pet wearables with real-time data tracking and analysis
- Further fueling market growth
Growing Awareness and Concern for Pet Safety and Security
- Popularity of GPS-enabled collars and tracking devices
- Quick and efficient location of lost pets
- Integration of geofencing technology allows setting virtual boundaries
- Alerts if pets stray beyond designated areas enhance pet safety
- Health monitoring devices track vital signs, activity levels, and behavior patterns
- Early detection of illness or discomfort enables timely veterinary intervention
Advancements in Technology
- Increasing availability of user-friendly devices
- Innovations in wearable technology:
- Lightweight and durable materials
- Longer battery life
- Improved sensor accuracy
- Integration of mobile apps and cloud-based platforms for seamless data synchronization and remote monitoring
Growing Popularity of Pet-Related Social Media and Online Communities
- Pet owners share experiences and recommendations
- Drives awareness and adoption of pet wearables
Rising Disposable Incomes and Willingness to Spend on Pet Care Products
- Increased investment in premium and high-tech products offering enhanced functionalities and benefits
Expanding Pet Insurance Industry
- Insurers offer discounts and incentives for policyholders using health monitoring devices
- Encourages tracking and managing pets' well-being
United States Pet Wearable Industry Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest United States pet wearable market share. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.
The report has segmented the market into the following categories:
Product Insights:
· Smart Collar
· Smart Vest
· Smart Harness
· Smart Camera
· Others
Technology Insights:
· GPS
· RFID
· Sensors
· Others
Application Insights:
· Identification and Tracking
· Monitoring and Control
· Medical Diagnosis and Treatment
· Facilitation, Safety and Security
End User Insights:
· Households
· Commercial
Distribution Channel Insights:
· Modern Trade
· Franchised Outlets
· Specialty Stores
· E-Commerce
· Others
Regional Insights:
· Northeast
· Midwest
· South
· West
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
· Garmin Ltd.
· High Tech Pet Products Inc.
· PetPace LLC
· Whistle Labs Inc. (Mars Incorporated)
Request for customization: https://www.imarcgroup.com/request?type=report&id=20649&flag=F
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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