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According to a new report, published by KBV research, 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).
The pet carriers market is a dynamic and evolving sector within the broader pet industry, owing to the increasing prevalence of pet ownership and the growing emphasis on pet mobility, safety, and comfort. Pet carriers are indispensable accessories for pet owners, facilitating transportation and mobility for their beloved animal companions in various settings, from everyday outings to travel adventures.
The Soft-Sided Carriers segment is registering a CAGR of 6.5 % during the forecast period. The lightweight and collapsible design of soft-sided carriers makes them ideal for pet owners who are on the go and need a portable and easy-to-store solution for transporting their pets. Whether traveling by car, plane, train, or on foot, soft-sided carriers offer greater flexibility and convenience, allowing pet owners to navigate crowded spaces and tight quarters easily.
The Dog segment led the Global Pet Carriers Market by Pet Type in 2023; thereby, achieving a market value of $696 million by 2031. The increasing number of dog owners globally has fueled demand for pet carriers designed specifically for canine companions. As more people welcome dogs into their families, there is a corresponding need for safe and convenient transportation solutions to accommodate their furry friends.
The Specialty Pet Stores segment is growing at a CAGR of 6.3 % during the forecast period. Pet owners are becoming more discerning in their purchasing decisions, seeking out high-quality, specialized products that prioritize their pets' safety, comfort, and happiness. Specialty pet stores are well-positioned to meet these evolving consumer demands by offering a diverse selection of pet carriers made from premium materials.
Full Report: https://www.kbvresearch.com/pet-carriers-market/
The North America region dominated the Global Pet Carriers 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. The Asia Pacific region is anticipated to grow at a CAGR of 7.7% during (2024 - 2031). Additionally, The Europe region would witness a CAGR of 6.6% during (2024 - 2031).
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)
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