“Global Pet Carriers Market to reach a market value of USD 1.3 Billion by 2031 growing at a CAGR of 7%”
The Global Pet Carriers Market size is expected to reach $1.3 billion by 2031, rising at a market growth of 7.0% CAGR during the forecast period. In the year 2023, the market attained a volume of 15,481.3 thousand units experiencing a growth of 15.2% (2020-2023).
Due to urbanization in Europe, more individuals now reside in densely populated cities. This has resulted in a greater need for portable solutions for pet transportation, such as carriers, especially for those who rely on public transportation. Thus, the European region would acquire nearly, 30% of the total market share by 2031. Also, the German supermarkets and hypermarkets would register a volume of 399.37 thousand units of Volume by 2031. The rise in travel and leisure activities among Europeans, including pet-friendly vacations and outdoor adventures, has fueled the demand for these carriers suitable for various travel purposes.
Pet owners recognize the significance of providing their pets with a secure and comfortable environment, particularly when traveling, particularly when traveling. Moreover, security is another critical consideration for pet owners. They seek carriers with sturdy construction, secure closures, and reinforced walls to prevent escapes and ensure their pets remain contained and protected. Hence, these factors will propel the demand for these carriers in the upcoming years. Additionally, The increasing availability of pet-friendly travel accommodations, airlines, and tourist destinations is reshaping the demand for these carriers tailored for travel purposes. Furthermore, in particular, air travel has seen a significant increase in pet-friendly policies and airline services. Pets are currently permitted to travel in the cabin or as checked baggage on many airlines on the condition that they are secured in a carrier designated by the airline, which need to adhere to particular standards of dimensions, weight, and safety. Thus, owing to these factors, there will be enhanced growth in the market.
However, A primary restraint in the market is the intricate web of regulatory requirements and safety standards established by governing bodies. Furthermore, complying with stringent regulatory requirements often entails substantial costs for manufacturers. The process may involve extensive testing and certification procedures to verify that these carriers meet the prescribed safety standards. Therefore, these aspects will decrease demand for these carriers in the upcoming years.
Based on product, the market is segmented into soft sided carriers, hard shell carriers, backpack carriers, and others. In 2023, the backpack carriers segment garnered 11% revenue share in the market. In terms of Volume, the backpack carriers segment recorded 1,272.2 thousand units in 2023. As more people choose to live in cities where space is often limited, traditional carriers can be cumbersome and impractical for navigating crowded streets, public transportation, or outdoor spaces. Backpack carriers provide a compact, lightweight alternative that allows pet owners to easily maneuver through urban environments while keeping their hands free for other tasks.
On the basis of pet type, the market is divided into cat, dog, birds, and others. In 2023, the cat segment witnessed 29% revenue share in the market. With more people welcoming cats into their homes and treating them as integral parts of the family, there is a growing need for safe and comfortable transportation solutions for feline companions. These carriers provide cat owners with a convenient way to transport their cats to veterinary appointments, grooming sessions, and other outings, ensuring their safety and well-being while on the go.
Based on distribution channel, the market is divided into supermarkets/hypermarkets, specialty pet stores, online, and others. In 2023, the online segment witnessed 20.6% revenue share in the market. In terms of volume, the online segment registered 3,478.3 thousand units in 2023. Online retailers offer these carriers from various brands, styles, and price points, providing consumers greater choice and flexibility than traditional retail outlets. On the basis of their preferences and requirements, pet owners can readily compare and contrast various products before making a purchase.
Free Valuable Insights: Global Pet Carriers Market size to reach USD 1.3 Billion by 2031
By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. The North America segment procured 35% revenue share in the market in 2023. The urbanization trend in North America has led to a greater focus on mobility and convenience, with pet owners seeking transportation solutions that allow them to travel easily with their pets in urban environments. Likewise, pet owners in North America place a strong emphasis on the safety and comfort of their pets, driving demand for premium carriers with ergonomic designs, padded interiors, and ventilation systems.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 742.1 Million |
| Market size forecast in 2031 | USD 1.3 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 7% from 2024 to 2031 |
| Quantitative Data | Volume in Thousand Units, Revenue in USD Billion, and CAGR from 2020 to 2031 |
| Number of Pages | 344 |
| Number of Tables | 750 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Product, Pet Type, Distribution Channel, Region |
| Country scope |
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| Companies Included | Ferplast S.p.A., MidWest Homes for Pets, Diggs Inc., EliteField LLC, Coastal Pet Products, Inc., Sleepypod, Sturdi Products Inc, PetWise, Inc., Petmate (Platinum Equity Advisors, LLC) and Paws & Pals, Inc. |
By Product (Volume, Thousand Units, USD Billion, 2020-31)
By Pet Type (Volume, Thousand Units, USD Billion, 2020-31)
By Distribution Channel (Volume, Thousand Units, USD Billion, 2020-31)
By Geography (Volume, Thousand Units, USD Billion, 2020-31)
This Market size is expected to reach $1.3 billion by 2031.
Growing emphasis on pet safety and welfare are driving the Market in coming years, however, Regulatory compliance challenges and safety standards restraints the growth of the Market.
Ferplast S.p.A., MidWest Homes for Pets, Diggs Inc., EliteField LLC, Coastal Pet Products, Inc., Sleepypod, Sturdi Products Inc, PetWise, Inc., Petmate (Platinum Equity Advisors, LLC) and Paws & Pals, Inc.
In the year 2023, the market attained a volume of 15,481.3 thousand units experiencing a growth of 15.2% (2020-2023).
The Dog segment led the Market by Pet Type in 2023; thereby, achieving a market value of $696 million by 2031.
The North America region dominated the Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $428.4 million by 2031.
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