Dog Gates, Doors&Pens Market is expected to register 6.6% CAGR between 2021 and 2031
(PresseBox) - ESOMAR-certified consulting firm Future Market Insights’ report on global dog gates, doors, & pens market projects a staggering growth, topping a valuation of approximately US$ 8.9 Bn over the forecast period of 2021 and 2031.
Growing adoption of dogs across the globe and technological innovation in the products are the major factors propelling growth. Increasing pet humanization among millennials, especially across India, Brazil, and Australia, are increasing the consciousness regarding the pet welfare.
On the back of the aforementioned factor, demand for dog gates, doors, & pens will surge at over 6.6% CAGR during the forecast period. With increasing social media penetration, millennials are increasingly becoming aware regarding their responsibilities towards animals.
Increasing initiatives undertaken by animal rights activists and growing adoption of shelter animals have encouraged the millennials to adopt dogs as pets. Thereby, increasing the sales of dog doors and pens.
As per the FMI’s analysis, due to the onset of the novel COVID-19, the global dog gates, doors, & pens sales grew moderately as manufacturing activities were disrupted. However, adoption of pets surged, especially across India and Brazil, which boosted the demand for dog pens.
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Key Takeaways from FMI’s Dog Gates, Doors, & Pens Market Study
In terms of sales channel, online retail stores are expected to dominate the segment over the forecast period
Modern trade sales channel segment will hold the largest share in the market during the forecast period
Based on type, demand for electronic dog gates, doors, and pens will surge at 9.6% CAGR through 2021 & beyond
In terms of product, dog pens segment is expected to hold more than half of market share.
India and Australia are expected to emerge as the most lucrative market across South Asia and Oceania
Germany is anticipated to hold the largest market share across Europe, accounting for nearly one-fourth of sales.
“Integration of cutting-edge technologies such as automation and artificial intelligence is fuelling the demand for smart doors. Also, growing concerns for sustainability and safety among pet owners has encouraged market players to introduce smart and energy-efficient dog doors and make them available through online retailers. This is expected to create incremental growth opportunities for the market,” says the FMI analyst.
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Who is Winning?
Some of the key players operating in the dog gates, doors, & pens market Richell Inc., Midwest Pet Products Inc., Ware Pet Products, FurHaven Pet Products, Endura Flap, Ideal Pet Products, Plexidor, Petsfit Inc., High Tech Pet Products Inc., Hale Pet Door, Takara Industry Co. Ltd., Gun Dog House Door Inc., Carlson Products, ZampaPet, and IRIS USA Inc. among others.
As per the FMI’s analysis, leading players in the market are focusing on product development, and sustainability to introduce new smart products such as smart pet doors integrated with cutting-edge technologies to expand their global footprints.
Also, the market players are adopting expansion strategies such as mergers and collaboration with local and online distributors to cater the surging need amidst the global pandemic. Industry giants are relying on digital marketing and social media platforms to reach global audience and improve their brand awareness.
Get More Insights on Global Dog Gates, Doors, & Pens Market
In its latest report, FMI provides an incisive coverage on the global dog gates, doors, & pens market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of product (gates, doors, and pens), size (small-sized dogs, medium-sized dogs, large-sized dogs), type (electronic, and non-electronic), sales channel (modern trade, convenience stores, care service centers, car service centers, pet specialty stores, online retail stores, and other sales channel) across seven major regions
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Unternehmensinformation / Kurzprofil:
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Datum: 10.01.2022 - 20:16 Uhr
Sprache: Deutsch
News-ID 653474
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