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Inflatable Pet Collars Products Market Size, Share, & Trends Analysis Report (2023 – 2030)
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Report Overview
The global inflatable pet collars market was valued at USD 20.3 million in 2022 and is projected to expand at a CAGR of 9.5% from 2023 to 2030. The increasing demand for pet care products and accessories is expected to propel the market over the forecast period. Inflatable pet collars have become popular among pet owners due to their ease of use and convenience. Inflatable pet collars are designed to be comfortable for pets, while still providing the necessary protection that a traditional pet collar does. Furthermore, the growing trend of pet pampering is driving sales of pet collars and accessories, including inflatable pet collars, as pet owners are increasingly spending more money on pet care products.
The rising awareness of pet care and comfort is driving the demand for pet collars. Moreover, the increasing trend of pet accessories, such as inflatable pet collars, is expected to fuel the market growth. Furthermore, the growing pet humanization trend is expected to help drive the demand for pet collars and accessories, including inflatable pet collars. Pet owners are increasingly treating their pets as family members and are willing to spend more on their pets for their comfort and care. This is expected to drive the demand for pet collars, including inflatable pet collars, in the coming years.
The increasing demand for pet products from online platforms is expected to be a major factor driving the inflatable pet collars market in the coming years. As the trend of pet humanization increases, pet owners are increasingly buying pet products online, owing to the convenience of shopping from home. Moreover, the presence of numerous pet product e-tailers offering pet collars and accessories, including inflatable pet collars, has further contributed to the growth of the market.
Furthermore, the increasing popularity of pet shows, pet competitions, and pet spas is expected to drive the demand for pet collars, including inflatable pet collars, in the coming years. There has been an increase in the number of pet shows and pet competitions over the past few years. This has created a high demand for pet accessories, such as pet collars, including inflatable pet collars, as pet owners are looking for products with unique designs and colors to make their pets stand out from the rest.
The introduction of technologically advanced pet collars is expected to be a major factor driving the market over the forecast period. For example, in December 2021, Whistle, a pet technology and health company, launched Whistle Go Explore, a pet tracker with advanced location tracking and activity monitoring. These advanced pet collars track pets’ activity levels, location, and health, and come with an app that allows pet owners to monitor their pet’s daily activity. This is expected to propel the demand for pet collars, including inflatable pet collars, in the coming years.
Product Insights
The inflatable pet collars segment held the largest share of the market in 2022. Rapid growth in the pet industry, increasing pet adoption, and rising awareness about pet safety among pet owners have been driving the market for inflatable pet collars. In addition, increasing disposable income of pet owners and growing demand for product innovation in terms of colors and sizes are some of the other factors contributing to the market growth.
The pet health and wellness segment is anticipated to witness the fastest CAGR over the forecast period. Rising pet health awareness among pet owners, increasing demand for preventive healthcare products, and the introduction of innovative and technology-driven health products are some of the key factors driving the market. Furthermore, increasing prevalence of pet obesity and changing lifestyles of pet owners are some of the other factors driving the growth of the segment.
Distribution Channel Insights
The pet stores segment accounted for the leading market share of over 62.7% in 2022. The presence of a wide range of pet care products in pet stores has increased the demand for inflatable pet collars among pet owners. The supermarkets & hypermarkets segment is expected to witness the fastest growth over the forecast period due to the availability of these products in these outlets. The growing demand for premium pet care products, convenience, and ease of shopping are some of the factors driving the growth of this segment.
The online segment is expected to expand at a CAGR of 10.7% during the forecast period. The increasing penetration of the internet and the growing preference for online shopping among consumers is driving the growth of the online segment. The leading players in the industry are adopting various strategies such as online promotions and discounts to increase their online sales. For instance, in June 2021, Petco launched its online store in the United States providing a wide array of pet care products, including inflatable pet collars, to its customers.
Type Insights
The inflatable pet collar segment is expected to grow at the highest CAGR of 10.3% over the forecast period. The rising demand for pet care services and pet accessories is likely to drive the segment in the forecast period. The inflatable pet collars are made of a soft plastic material and are designed to provide comfort for dogs and cats. They provide ample cushioning for the pet’s neck and are easy to clean. This makes them popular among the pet owners. Furthermore, the increasing trend of pet adoption is also likely to drive the inflatable pet collar segment in the forecast period.
The traditional segment is expected to account for the highest revenue share of 57.7% in 2022. Traditional pet collars are made of leather, nylon, and other materials and come in various colors and styles. They are cost-effective and are widely used by pet owners. Furthermore, the introduction of stylish and fashionable pet collars is also likely to boost the segment in the forecast period.
Regional Insights
Europe accounted for the largest share of the global inflatable pet collar market in 2021 owing to the growing demand for pet healthcare products in the region. The emergence of several startups in the pet care sector has led to an increase in the availability of innovative products for pet owners in the region. Additionally, the rising awareness among pet owners regarding pet health and wellness is expected to further drive the growth of the market in Europe.
The Asia Pacific is expected to experience the highest growth in the market. This growth can be attributed to the increasing disposable income of consumers, which has led to a rise in pet adoption in the region. Moreover, the rising presence of pet care stores and supermarkets offering a wide range of pet care products is expected to further drive the market in the region. For instance, in April 2021, Petco launched a new store in Singapore offering a wide range of pet care products.
Financial Projections
Europe accounted for the largest share of the global inflatable pet collar market in 2021 owing to the growing demand for pet healthcare products in the region. The emergence of several startups in the pet care sector has led to an increase in the availability of innovative products for pet owners in the region. Additionally, the rising awareness among pet owners regarding pet health and wellness is expected to further drive the growth of the market in Europe.
The Asia Pacific is expected to experience the highest growth in the market. This growth can be attributed to the increasing disposable income of consumers, which has led to a rise in pet adoption in the region. Moreover, the rising presence of pet care stores and supermarkets offering a wide range of pet care products is expected to further drive the market in the region. For instance, in April 2021, Petco launched a new store in Singapore offering a wide range of pet care products.
Financial Projections
In this part of the Inflatable Pet Collars Products business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your business. Usually, these projections are drafted for a 5-year period.
Revenue Assumptions
The main source of revenues for an Inflatable Pet Collars Products business comes from sales of the product. Here you will find a list with a description of the product and other possible sources of profit such as affiliate marketing, advertising, and other promotional activities.
Projecting Expenses
In this section, all the regular expenses related to keeping the Inflatable Pet Collars Products business running will be described. The list of operating expenses includes product manufacturing and shipping costs, wages, advertising, marketing, website hosting and fees, research and development, taxes, and others.
Key companies & market share insights
Some of the key companies operating in the inflatable pet collars market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:
– In July 2022, Kurgo launched the K9 Air Collar, an inflatable pet collar designed to provide comfort and safety for dogs.
– In August 2022, Ruffwear launched the Aira Collar, an inflatable pet collar that allows for more movement and breathability.
– In September 2022, Petco launched the inflatable pet collar, which is designed to provide a secure fit and added comfort for pets.
Some of the prominent players in the inflatable pet collars market include:
– Kurgo
– Ruffwear
– Petco
– Outward Hound
– Kong
– Doggles
– Kong Dog
– Doggles USA
– PetSafe
– Trixie Pet Products
Global Inflatable Pet Collars Market Segmentation
This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global inflatable pet collars products market based on product, distribution channel, type, and region:
1. Product Outlook (Revenue, USD Million, 2017 – 2030)
– Inflatable Collars
– Inflatable Harnesses
– Inflatable Muzzles
– Inflatable Beds
– Inflatable Toys
2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)
– Supermarkets & Hypermarkets
– Online
– Pet Shops
– Others
3. Type Outlook (Revenue, USD Million, 2017 – 2030)
– Standard
– Customized
4. Regional Outlook (Revenue, USD Million, 2017 – 2030)
– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa
Frequently Asked Questions
[Q]: What is the Potential of Product Innovation?
[A]: The global inflatable pet collars products market is expected to benefit from the introduction of product innovations such as multi-functionality, portability, and comfort. The market is expected to witness the introduction of orthopedic models for pet collars in the future. In addition, the introduction of new materials such as silicone, polypropylene, and polyester will also drive the market growth.
[Q]: Who are the Key Players in the Inflatable Pet Collar Products Market?
[A]: The key players in the inflatable pet collar products market include Petmate, Jolly Pets, Inc., The Company of Animals, Petco Animal Supplies, Inc., and PetSafe.
[Q]: Which Region Offers the Largest Opportunity for Sales of Inflatable Pet Collar Products?
[A]: North America is expected to hold the largest share in the inflatable pet collar products market, owing to the presence of leading companies and a high spending capacity in the region.
[Q]: What are the factors driving the inflatable pet collar products market?
[A]: The demand for pet collars is expected to be driven by factors such as increasing pet adoption rates, rising health awareness among pet owners, and increasing demand for pet-related goods and products. Additionally, the increasing presence of e-commerce channels is anticipated to offer significant growth opportunities for the inflatable pet collars products market.
Research Methodology
Impact Analytix employs a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. In Addition, a recurring theme prevalent across all our research reports is data triangulation which looks market from three different perspectives. Critical elements of the methodology employed for all our studies include:
Preliminary data mining
Raw market data is obtained and collated on a broad front. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. For a comprehensive understanding of the market, it is essential to understand the complete value chain and in order to facilitate this; we collect data from raw material suppliers, distributors as well as buyers.
Technical issues and trends are obtained from surveys, technical symposia, and trade journals. Technical data is also gathered from an intellectual property perspective, focusing on white space and freedom of movement. Industry dynamics with respect to drivers, restraints, and pricing trends are also gathered. As a result, the material developed contains a wide range of original data that is then further cross-validated and authenticated with published sources.
Statistical model
Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression, and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, industry experience, and domain expertise.
Econometric models are generally used for short-term forecasting, while technological market models are used for long-term forecasting. These are based on an amalgamation of the technology landscape, regulatory frameworks, economic outlook, and business principles. A bottom-up approach to market estimation is preferred, with key regional markets analyzed as separate entities and integration of data to obtain global estimates. This is critical for a deep understanding of the industry as well as ensuring minimal errors. Some of the parameters considered for forecasting include:
Market drivers and restraints, along with their current and expected impact
Raw material scenario and supply v/s price trends
Regulatory scenario and expected developments
Current capacity and expected capacity additions up to 2030
We assign weights to these parameters and quantify their market impact using weighted average analysis, to derive an expected market growth rate.
Primary validation
This is the final step in estimating and forecasting our reports. Exhaustive primary interviews are conducted, face to face as well as over the phone to validate our findings and assumptions used to obtain them. Interviewees are approached from leading companies across the value chain including suppliers, technology providers, domain experts, and buyers so as to ensure a holistic and unbiased picture of the market. These interviews are conducted across the globe, with language barriers overcome with the aid of local staff and interpreters. Primary interviews not only help in data validation but also provide critical insights into the market, current business scenario, and future expectations and enhance the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants (KIPs) which typically include:
Market-leading companies
Raw material suppliers
Product distributors
Buyers
The key objectives of primary research are as follows:
To validate our data in terms of accuracy and acceptability
To gain an insight into the current market and future expectations
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