Pet Accessories Market Analysis Highlights Impact of COVID-19 (2020-2024) | The Advent Of Smart Pet Accessories To Drive Market Growth | Technavio

LONDON–(BUSINESS WIRE)–Technavio monitors the pet accessories market and it is poised to grow $11.64 billion between 2020 and 2024, growing at a CAGR of around 7% during the forecast period. The report offers up-to-date analysis regarding the current market scenario, latest trends and drivers, and overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, many others will remain unscathed and show promising growth opportunities. Technavio’s in-depth research covers all your needs, as our research reports include all foreseeable market scenarios, including pre and post-COVID-19 analysis. Download a Free Sample COVID-19 Impacts Report

Frequently Asked Questions-

  • According to the segmentation by distribution channel, which is the leading segment of the market?
  • The offline segment is expected to be the leading segment in the global market during the forecast period.

  • What are the major market trends?
  • Technological innovation and portfolio extension is one of the major market trends.

  • How fast is the market expected to grow?
  • With a CAGR of around 7%, the incremental market growth is expected to be USD 11.64 billion.

  • Who are the best market players?
  • Ancol Pet Products Ltd., Bob Martin Co., Ferplast Spa, Inter IKEA Systems BV, Laroy Group, Rolf C. Hagen Inc., Rosewood Pet Products Ltd., Spectrum Brands Inc., The Our Pet’s Co. and Unicharm Corp. are among the major players in the market.

  • What are the main market drivers and challenges?
  • One of the major market drivers is the advent of smart pet accessories. However, the growing awareness of pet allergies in humans is restraining the growth of the market.

The market is fragmented and the degree of fragmentation will accelerate over the forecast period. Ancol Pet Products Ltd., Bob Martin Co., Ferplast Spa, Inter IKEA Systems BV, Laroy Group, Rolf C. Hagen Inc., Rosewood Pet Products Ltd., Spectrum Brands Inc. and Unicharm Corp. attendees. The advent of smart pet accessories will provide immense opportunities for growth. To make the most of the opportunities, sellers in the market should focus more on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Technavio’s custom research reports offer detailed insights into the impact of COVID-19 at the industry level, regional level, and subsequent supply chain operations. This custom report will also help clients track new product launches in direct and indirect markets related to COVID-19, upcoming vaccines and pipeline analysis, and important developments in vendor operations and regulations. governmental.

Pet Accessories Market 2020-2024: Segmentation

The Pet Accessories Market is segmented as follows:

  • Product

  • Distribution channel

  • Geographic landscape

    • APAC

    • Europe

    • AEM

    • North America

    • South America

  • Final user

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Pet Accessories Market 2020-2024: Scope

Technavio presents a detailed picture of the market through the study, synthesis and summation of data from several sources. The Pet Accessories market report covers the following areas:

  • Pet Accessories Market Size

  • Pet Accessories Market Trends

  • Pet Accessories Market Analysis

This study identifies technological innovation and portfolio extension as one of the major reasons for the growth of the pet accessories market over the next few years.

Technavio offers three forecast scenarios (optimistic, probable and pessimistic) considering the impact of COVID-19. Technavio’s extensive research has had a direct and indirect impact on market research reports on COVID-19.

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Pet Accessories Market 2020-2024: Key Highlights

  • Market CAGR over the forecast period 2020-2024

  • Detailed information on the factors that will contribute to the growth of the Pet Accessories market over the next five years

  • Estimation of the Pet Accessories market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the pet accessories market

  • Market Competitive Landscape Analysis and Detailed Vendor Information

  • Complete details of the factors that will challenge the growth of the Pet Accessories Market vendors

Contents:

Summary

Market landscape

  • Market ecosystem

  • Value chain analysis

Market sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market Outlook: Forecast for 2019 – 2024

Five forces analysis

  • The bargaining power of buyers

  • Bargaining power of suppliers

  • The threat of new entrants

  • The threat of substitutes

  • Threat of rivalry

  • Market state

Market segmentation by product

  • Market segments

  • Comparison by product placement

  • Pet Toys – Market size and forecast 2019-2024

  • Others – Market size and forecast 2019-2024

  • Market opportunity by product

Market segmentation by end user

  • Market segments

  • Comparison by end user location

  • Dogs – Market size and forecast 2019-2024

  • Cats – Market size and forecast 2019-2024

  • Others – Market size and forecast 2019-2024

  • Market opportunity by end user

Market segmentation by distribution channel

  • Market segments

  • Comparison by distribution channel location

  • Offline – Market size and forecast 2019-2024

  • Online – Market size and forecast 2019-2024

  • Market opportunity by distribution channel

Customer landscape

Geographic landscape

  • Geographic segmentation

  • Geographic comparison

  • North America – Market size and forecast 2019-2024

  • Europe – Market size and forecast 2019-2024

  • APAC – Market size and forecast 2019-2024

  • South America – Market size and forecast 2019-2024

  • MEA – Market size and forecast 2019-2024

  • Main leading countries

  • Market Opportunity by Geography

Drivers, challenges and trends

  • Market factors

  • Volume Driver – Demand Driven Growth

  • Volume Driver – Supply Driven Growth

  • Volume Driver – External Factors

  • Volume Driver – Shifting Demand to Adjacent Markets

  • Price Driver – Inflation

  • Price Driver – Moving from lower priced units to higher priced units

  • Market challenges

  • Market trends

Supplier Landscape

  • Insight

  • Landscape disturbance

Vendor analysis

  • Suppliers Covered

  • Positioning on the supplier market

  • Ancol Pet Products Ltd.

  • Bob Martin Co.

  • Spa Ferplast

  • Inter IKEA Systems B.V.

  • Laroy Group

  • Rolf C. Hagen, Inc.

  • Rosewood Pet Products Ltd.

  • Spectrum Brands Inc.

  • Our Pet’s Co.

  • Unicharm Corp.

Annex

  • Report scope

  • Currency conversion rates for the US dollar

  • Research methodology

  • Abreviations list

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