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Pet Daycare and Lodging Market Size to Grow by USD 8.24 billion

4 min read
Pet Daycare and Lodging Market Size to Grow by USD 8.24 billion

Market Driver

The growing pet humanization culture, especially in North America and Europe, has increased the demand for pet daycare and lodging services. The market competitors consider such factors while establishing pet daycare and lodging areas and buying pet care products to differentiate themselves in the market and cater to customers’ specific requirements. Some of the pet daycare and lodging services include daycare, boarding, training, walking, playing, and grooming. Such services are provided for different durations, such as overnight, weekly, or monthly. Many companies are offering specific pet services as per the specific requirements of customers, such as private pet suites based on the pets’ size and pet sitters in cageless stay-n-play. Pet owners can choose from a range of attractive pet services based on their needs. This is expected to contribute significantly to the growth of the global pet daycare and lodging market during the forecast period.

Market Segment Highlights

  • By type, the market has been segmented into dog daycare and lodging, combined daycare and lodging, and cat daycare and lodging.  
  • The dog daycare and lodging segment will have significant market share growth during the forecast period.
  • The high adoption of dogs, which are the most commonly owned pets, helps in the growth of the dog daycare and lodging segment.

Regional Analysis

  • By geography, the market has been segmented into North America, Europe, APAC, South America, and MEA.
  • 36% of the growth will originate from North America.
  • Market growth in this region will be slower than the growth of the market in North America, Europe, APAC, South America, and MEA.
  • The high affordability limit and the availability of full-time and experienced service providers who offer security and safety to pets will drive the pet daycare and lodging market growth in North America during the forecast period.
  • The US, the UK, and China are the key countries for the pet daycare and lodging market in North America.

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Notes:

  • The pet daycare and lodging market size is expected to accelerate at a CAGR of 7% during the forecast period.
  • The market is fragmented due to the presence of many established vendors holding significant market share.
  • The research report offers information on several market vendors, including Best Friends Pet Care Inc., Camp Bow Wow Franchising Inc., Country Comfort Kennels, Country Paws Boarding Inc., Dogtopia Enterprises LLC, Paradise 4 Paws LLC, PetBacker, PetSmart Inc., Preppy Pet Franchises Inc., and Urban Tails Pet Resort.

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Pet Daycare And Lodging Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 7%

Market growth 2020-2024

USD 8.24 billion

Market structure

Fragmented

YoY growth (%)

4.75

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 36%

Key consumer countries

US, UK, China, Germany, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Best Friends Pet Care Inc., Camp Bow Wow Franchising Inc., Country Comfort Kennels, Country Paws Boarding Inc., Dogtopia Enterprises LLC, Paradise 4 Paws LLC, PetBacker, PetSmart Inc., Preppy Pet Franchises Inc., and Urban Tails Pet Resort

Market Dynamics

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

Table of Contents

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • Dog daycare and lodging – Market size and forecast 2019-2024
  • Combined daycare and lodging – Market size and forecast 2019-2024
  • Cat daycare and lodging – Market size and forecast 2019-2024
  • Market opportunity by Type

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • APAC – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • COVID-19 impact on the market
  • Key leading countries
  • Market opportunity by geography
  • Volume drivers – Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Best Friends Pet Care Inc.
  • Camp Bow Wow Franchising Inc.
  • Country Comfort Kennels
  • Country Paws Boarding Inc.
  • Dogtopia Enterprises LLC
  • Paradise 4 Paws LLC
  • PetBacker
  • PetSmart Inc.
  • Preppy Pet Franchises Inc.
  • Urban Tails Pet Resort

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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.

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