Authored By: Sarah
06 Oct 2024

Latest News:- Smart-Connected Pet Collars Market: Offline is expected to lead the Distribution Channel segment during 2024-2028

Smart-Connected Pet Collars Market to grow at a CAGR of 11.3% during 2024-2028

The Smart-Connected Pet Collars Market is expected to grow at a CAGR of 11.3% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 798.8 million. In response to the growing pet ownership demographic, market vendors are strategically introducing innovative smart-connected pet collars to expand their product offerings and capture market share. One such recent introduction is Halo Collar's GPS-enabled dog collar, launched in July 2022. This advanced collar allows pet owners to establish a virtual fence via smartphone connection, monitor their pet's location, and track exercise habits through a dedicated app. By catering to the increasing demand for technologically advanced pet care solutions, vendors aim to enhance customer satisfaction and boost sales. 

Get more information on Smart-Connected Pet Collars Market by requesting a sample report

The Offline subsegment is expected to dominate the Distribution Channel segment during the forecast period 

Technavio analysts predict that the Offline subsegment will lead the Distribution Channel segment during 2024 and 2028 The Smart-Connected Pet Collars Market represents a significant growth opportunity for tech-savvy pet product manufacturers. These advanced collars offer real-time location tracking, health monitoring, and behavior analysis features, catering to the increasing demand for connected devices in pet care. Market trends indicate continued investment in IoT technology, ensuring robust expansion for this sector. Businesses focusing on this niche can anticipate substantial returns through innovative product development and strategic marketing.

Here are the various ways based on which the market is segmented: 

  • Distribution Channel
    • Offline
    • Online
  • Application
    • Dogs
    • Cats
  • Geography
    • North America
    • Europe
    • APAC
    • South America
    • Middle East and Africa

Reasons to Purchase the Global Smart-Connected Pet Collars Market Market Research Report by Technavio. What is in it for you?

  • Wealth of Experience: Technavio is an established name in the world of market research. It holds an expertise of more than 20 years in the field, has published 21,000+ reports thereby extensively covering the area in various industries and range of regions
  • Insight into Current Market Trends: Our research reports provide our readers insights into the latest market intelligence, competitor strategies, market trends, changes taking place in the industry and customer preferences, forecasted market opportunities that influence them to make better business decisions
  • High ROI with Extensive Hands-on Research: Technavio is renowned for offering personalized market research reports as per unique business needs, delving deep into specific markets, product segments and demographics. Additionally, it is also well-known for providing high return on investments through its wide collection of data at pocket-friendly rates

There are several factors that are causing the market to flourish strong bond between owners and pets

Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report

Research Analysis Overview

The Smart-Connected Pet Collars market is experiencing significant growth due to the increasing expendable income of pet owners and their spending power in the pet wearable industry. These collars, equipped with sensors, have become more than just a means of pet control. They are now multi-purpose tools that monitor animal health and welfare, providing early detection of illnesses and location tracking. Organizations in this sector are employing organic growth strategies, including the development of patents and innovative features such as Bluetooth and Wi-Fi connectivity, enabling real-time updates on pet activity and training progress. These collars can also alert owners to potential health issues and even alert veterinarians in case of emergencies. Smart-connected collars are no longer just accessories but essential devices for pet owners. They offer peace of mind and convenience, allowing pet owners to keep track of their pets' location and wellbeing from the comfort of their smartphone. With the increasing popularity of these collars, we can expect to see more events and venues catering to this market, further fueling the growth of the pet wearable industry. Traditional collars are being replaced by these advanced, smart-connected devices, offering a new era of pet care and ownership. Radio systems are becoming obsolete as Bluetooth and Wi-Fi technology take center stage in the pet care industry. The future of pet care is here, and it's smart, connected, and dedicated to the welfare of our beloved pets.

Market Research Overview

The global leisure products market, a segment of the larger household durables industry, encompasses categories such as sports equipment, musical instruments, camping gear, recreational vehicles, bicycles, toys, and other consumer games. According to Technavio's market analysis, the household durables market size is determined by the consolidated revenue generated by manufacturers in sectors like consumer electronics, home furnishings, homebuilding products, household appliances, houseware and specialties, and leisure products. The expansion of the global leisure products market is anticipated to be fueled by the surge in health and fitness club memberships, which have seen significant growth in the past decade. This trend is further propelled by the increasing number of health and fitness clubs, presenting lucrative opportunities for market participants.

The Smart-Connected Pet Collars Market is experiencing significant growth, fueled by the strong bond between owners and pets. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Contacts

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/

 

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