The global pet travel bags market size was worth around USD 826.29 Million in 2022 and is predicted to grow to around USD 1151.13 Million by 2030 with a compound annual growth rate (CAGR) of roughly 4.4% between 2023 and 2030.
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➤ Market demand is stimulated by the increasing prevalence of companion ownership.
The global pet travel luggage market is anticipated to expand as a result of the growing number of pet owners worldwide. The advantages associated with canines have resulted in a greater number of individuals being willing to adopt them, as indicated by the analysis of recent trends. It has been established that domesticated animals have numerous advantageous psychological and physiological effects on their proprietors. Studies have demonstrated that pet ownership can alleviate anxiety and tension in its owners. This is particularly relevant to cats and canines. The production of happy hormones can be increased, and stress hormone levels can be reduced by petting or interacting with pets.
➤ The market expansion is constrained by the cost of pet travel bags.
This may serve as a substantial impediment to the expansion of the pet travel luggage market, as certain segments are costly. It may be challenging for pet proprietors with restricted budgets to purchase premium bags and utilize standard travel packs. Owners who travel infrequently may perceive the expense as superfluous. Additionally, there are increasing apprehensions regarding the security of travel luggage. This pertains to instances in which the quality of the product’s use or manufacturing of the bags was subpar.
➤ The expanding influence of online sales channels to offer exceptional growth prospects
It is anticipated that the global pet travel bag industry participants will capitalize on the increasing sales value of their products on online portals and social media platforms. Numerous small enterprises provide visually appealing bags through platforms such as Instagram and Facebook. The number of product providers on online portals has increased significantly, despite the potential dubious quality of the backpacks. This also enables the industry to broaden its reach to a more diverse audience. Additionally, the increasing number of pet-friendly travel accommodations and services may create additional opportunities for future growth.
➤ Competition that is fierce in order to impede market expansion
The global pet travel bag industry is highly competitive as a result of the increasing number of smaller players who are offering aesthetically appealing products, as well as the presence of existing players. Furthermore, the consumer group’s fluctuating demand may pose a challenge for companies in terms of generating a sustainable profit, as the decision to purchase pet travel luggage is entirely up to the consumer. The demand and price of the product can be directly influenced by a variety of social and economic factors, which presents a challenge for industry participants.
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The Global Pet Travel Bags Market is segmented based on product, application and region
Global Pet Travel Bags Market: Product Segment Analysis
● Hard Kennel
● Soft Side Bag
● Sling Carrier
● Backpack
Global Pet Travel Bags Market: Application Segment Analysis
● Specialty Stores
● Supermarkets & Hypermarkets
● E-Commerce
● Others
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The global Pet Travel Bags market profiles key players such as:
● Sherpa
● Petmate
● Outward Hound
● Sleepypod
● Sturdi Products
● Bergan
● Gen7Pets
● PawHut
● Snoozer
● Aosom
● K&H Pet Products
● Frisco
● Kurgo
● SportPet Designs
● Pet Gear
● Solvit
● KONG
???? Recent Developments:
• Pet Valu, a Canadian-based provider of pet products, including food and related accessories, announced the launch of Let’s Go Outside in March 2023. This digital collection contains expert advice and stories about traveling with pets across Canadian regions. The advice is offered by the Animal Care Experts at Pet Valu.
• Wild One, a prominent provider of pet-loved and design-driven toys, beds, accessories, and other products that are specifically designed for the pet owner segment, announced the introduction of a new pet Tote bag in October 2021. This bag is equipped with all the necessary interior accessories and conveniences that a pet may require. Each bag is composed of ten recycled water bottles, rendering it environmentally favorable.
➤ The preservation of North America’s dominance
Since North America is currently one of the largest consumers of pet travel bags, it is anticipated that the global pet travel bags market will experience the most significant growth during the forecast period. The significant market propellers are the increasing number of pet owners, the increasing disposable income, and the propensity to spend additional money on the comfort of their pets. Additionally, the expansion of regions such as the United States and Canada is significantly influenced by the increasing emphasis on pet care and comfort.
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