Smart-Connected Pet Collars Market Size to grow by USD 627.49 Mn | Market Analysis and Forecast | Technavio

NEW YORK, Oct. 13, 2021 /PRNewswire/ -- The smart-connected pet collars market size is set to grow by USD 627.49 million from 2020 to 2024. Technavio's latest market research report estimates that the smart-connected pet collars market will be accelerating at a CAGR of over 14%. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

Attractive Opportunities in Smart-Connected Pet Collars Market by Distribution Channel, Application, and Geography - Forecast and Analysis 2020-2024

Download our Free Sample to know more about the scope of the Smart-Connected Pet Collars Market Report

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Eureka Technology Partners LLC, FitBark Inc., Garmin Ltd., Mars Inc., PetPace, Radio Systems Corp., SCOLLAR Inc., Smart Tracking Technologies LLC, Tractive GmbH, and Wagz Inc. are some of the major market participants. Although the strong bonding between owners and pets and rise in the aging population globally, especially in developed countries will offer immense growth opportunities, to leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Smart-Connected Pet Collars Market 2020-2024: Segmentation

  • Distribution Channel
    • Offline
    • Online
  • Geography
    • North America
    • Europe
    • APAC
    • South America
    • MEA
  • Application
    • Dogs
    • Cats

Gain insights about the contribution of each segment toward smart-connected pet collars market growth. Download Free Sample Report Here!

Smart-Connected Pet Collars Market 2020-2024: Vendor Analysis and Scope

Some of the major vendors of the smart-connected pet collars market in the leisure products industry include Eureka Technology Partners LLC, FitBark Inc., Garmin Ltd., Mars Inc., PetPace, Radio Systems Corp., SCOLLAR Inc., Smart Tracking Technologies LLC, Tractive GmbH, and Wagz Inc. . To help businesses improve their market position, Technavio's report provides a detailed analysis of around 25 vendors operating in the market. Backed with competitive intelligence and benchmarking, our research report on the smart-connected pet collars market is designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.

The report also covers the following areas:

  • Smart-Connected Pet Collars Market size
  • Smart-Connected Pet Collars Market trends
  • Smart-Connected Pet Collars Market industry analysis

The smart-connected pet collars market is fragmented, and the degree of fragmentation will accelerate. The increase in the number of pet owners and increased spending on pets will offer immense growth opportunities. However, the presence of network connectivity issues will hamper the market growth.

Get lifetime access to our Technavio Insights. Subscribe now to our most popular "Lite Plan" billed annually at USD 3000. View 3 reports monthly and Download 3 Reports Annually!

Smart-Connected Pet Collars Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist smart-connected pet collars market growth during the next five years
  • Estimation of the smart-connected pet collars market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the smart-connected pet collars market
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of smart-connected pet collars market vendors

Related Reports:
Global Pet Furniture Market
 - Global pet furniture market is segmented by product (pet house, pet bed and sofa, pet tree and condo, and others), end-user (dogs, cats, and others), and geography (APAC, Europe, MEA, North America, and South America).
Download Exclusive Free Sample Report

Global Pet Accessories Market - Global pet accessories market is segmented by product (pet toys and others), end-user (dogs, cats, and others), distribution channel (offline and online), and geography (North America, Europe, APAC, South America, and MEA).
Download Exclusive Free Sample Report

Smart-Connected Per Collars Market Scope

Report Coverage

Details

Page Number

120

Base Year

2019

Forecast Period

2020-2024

Growth Momentum & CAGR

Accelerate at a CAGR of over 14%

Market Growth 2020-2024

USD 627.49 million

Market Structure

Fragmented

YoY growth (%)

11.27

Regional Analysis

North America, Europe, APAC, South America and MEA

Performing Market Contribution

North America at 38%

Key Consumer Countries

US, China, France, Brazil, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Eureka Technology Partners LLC, FitBark Inc., Garmin Ltd., Mars Inc., PetPace, Radio Systems Corp., SCOLLAR Inc., Smart Tracking Technologies LLC, Tractive GmbH, and Wagz Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/smart-connected-pet-collars-market-size-to-grow-by-usd-627-49-mn--market-analysis-and-forecast--technavio-301396835.html

SOURCE Technavio

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.