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Allied Market Research

Pet Accessories Market Product Type (Pet Toys, Housing & Bedding, Carriers, Grooming Products, Collars & Harness, Others) Application (Dogs, Cats, Horses, Rabbits, Others) Distribution Channel (Offline Channel, Online Channel) : Global Opportunity Analysis and Industry Forecast, 2020-2027

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Jun 2021 | 226 Views
 
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COVID-19

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Pets are also known as companion animals, kept by human beings for comforting companionship. Different species of animals are kept as pets in various parts of the world. Some of the most popular pets are dogs, cats, horses, rabbits, ferrets, rodents, avian, reptiles, and aquatic animals. Pet keeping has gained wide importance in recent times, owing to emotional wellbeing and physical wellbeing provided by pets to humans. Several studies on human-animal interaction have reported the benefits of physical health while keeping care of pets as the opportunities of regular walking are increased. The pets provide emotional well being to the owners and in turn, human beings are taking responsibility for the well being of their pets, which provides the exponential growth of the pet accessories market. Initially, animal food and animal health care were preferred most widely but in recent times the variants in accessories for pets have also gained huge importance. Pet accessories mainly include pet toys and chews, kennel, beds and furniture, carriers and strollers, muzzles, collars, harnesses, food and water bowls, grooming products, cages, crate mats, scooper, deodorizers, breeding box, nest, bottles, aquarium decor, filters, horse belt, halter, and others.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value ($US)

  Segments covered

  By Product Type, Application, Distribution Channel, and Region

  Regions covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain and the Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)

  Companies covered

Petco, Rolf C. Hagen Inc., PetSafe, Spectrum Brands, Rosewood Pet Products, Pettex Ltd., Bed Bath & Beyond, Central Garden & Pet Company, Leonard F Jollye, Bayer, Platinum Pets USA, Muttluks Inc., Dog & Co., Ferplast, Canine Styles, Ancol Pet Products, Unicharm, Simply Fido, Honest Pet Products LLC, Cycle Dog, Inter IKEA Systems BV, Laroy Group, Beaphar, BaxterBoo, Just For Pets, Outward Hound, Innovation Pet.

 

COVID-19 Scenario Analysis: 

  • The lockdown scenario caused due to the coronavirus outbreak has declined the sales and revenue of the pet accessories market as the distribution channels such as specialty stores have shut down to prevent mass gathering. The delayed deliveries due to transportation restrictions have affected the online stores of pet accessories. 
  • The shutdown of manufacturing units and shortage of manpower has impacted the production of pet accessories market. 
  • The lockdown scenario and implementation of social distancing practices have led to the canceling or postponement of pet events which has impacted the sales of key players in the pet accessories market. 
  • The COVID-19 pandemic has impacted the sales of pet accessories due to the export and import restrictions in various countries. 

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Pet keeping has been practiced from earlier times and as the trend of variants of pet species has increased the requirement for pet well-being has also increased. In recent times, pet ownership and spending on domestic animals have surged in countries such as the USA, UK, France, Switzerland, Germany, Italy, Japan, China, and others.  The surge in pet ownership, changing fashion and style trends, increase in millennial as the biggest pet-owning generation, increasing variants in pet care products, launches of advanced pet accessories, the emotional aspect towards pets, increasing awareness of pet care, physical and mental well-being by pet-keeping, e-commerce, worldwide pet events, social media marketing, alluring designs in products, animal clothing, pet grooming accessories, physical well-being of pets, increased disposable income, luxurious products, and lifestyle are the key factors that drive the global pet accessories market. However, increased competition, the expensive pet accessories, inclination towards the mainstream, availability of alternative products, government restrictions, concerns of animal rights organizations, comfort and safety of pets from accessories, and effect on pet health hinder the market growth. 

The global pet accessories market trends are as follows:

New product launches to flourish the pet accessories market

The inclination of pet owners towards enhancing the physical appearance has presented an opportunity for the key players to launch advanced accessories for various species of pets. The pet supplies such as brushes and combs, shears, clippers, dryers, shampoo, conditioners, grooming tables, dental care products, sprays, ribbons, and others are commonly used by the pet owners. Key manufacturers are focusing more on customer interactions through social media platforms and using it as a magnificent way of increasing their customer loyalty. The pet events are created and the participation is being made by a large number of customers. This provides industries with a niche market for their products. Pet accessories are manufactured and launched with features to provide comfort and safety to the pets, keeping compliance with the government regulations to avoid toxic substances in pet accessories such as pet toys.

Key Segments Covered:

Segments

Subsegments

 

  Product Type

  • Pet Toys
  • Housing & Bedding
  • Carriers
  • Grooming Products
  • Collars & Harness
  • Others

  Application

  • Dogs
  • Cats
  • Horses
  • Rabbits
  • Others

  Distribution Channel

  • Offline Channel

 

  • Online Channel

 

 

Key Benefits of the Report:

  • This study presents the analytical depiction of the global pet accessories industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global pet accessories market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global pet accessories market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides detailed global pet accessories market analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions Answered in the Pet Accessories Market Research Report:

  • What are the leading market players active in the pet accessories market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
  • What would be the detailed impact of COVID-19 on the market?​​​​​​​ 
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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