Global Smart Connected Pet Collar Market
By Sales Channel (Online and offline); By Application (Cats and Dogs); and Region –Analysis of Market Size, Share &Trends for 2016 – 2019 and Forecasts to 2030
The smart connected pet collar is an appliance that connects to the smartphone of the user via Wi-Fi or Bluetooth and enables the user to gather information about his/her pet. The information may include details like the location of the pet, daily activities, and routines, etc.
In comparison to the conventional collar, it is a multipurpose device and enables the user to track the pet using GPS. Smart connected pet collar helps the pet in interacting with others with the LED display provided.
This report projects the Smart Connected Pet Collar market to surpass USD XXXX Million by 2030, which is valued at XXXX Million in 2019 at a compound annual growth rate of XX. The market is anticipated to grow on the back of opportunities generated by the advent of rising demand from the working population who need to monitor their pet in their absence.
The employment rate is constantly rising across the world and the demand for smart collars that enable animals to communicate with the pets from their workplaces is rapidly increasing due to a busy lifestyle and long office hours.
Smart Connected Pet Collar Market: Segments
Global market has been segmented on the basis of application, distribution channel. It has been further segmented on the basis of region into North America, Europe, Asia-Pacific, Mid East and Africa.
By sales channel (in %), global Smart Connected Pet Collar Market, 2019
The offline segment is anticipated to register XX% of the volume share and is expected to grow at a highest CAGR.
Global Smart Connected Pet Collar Market is segmented by sales channel into: Online and offline
On the basis of distribution channel, the offline market held over 80% of the market share globally. This growth is due to easy accessibility and affordability in offline stores. Offline store saves the purchasing time of the customer and user can practically try the device before ordering which is not the case with online segment.
However, the online segment is also anticipated to grow with significant CARG owing to internet and smartphone penetration and easy facility of placing the order without even going out. This is particularly useful to individuals who have long office hours or are majorly occupied throughout the day.
Global Smart Connected Pet Collar Market: Drivers and Restraints
• Helps monitor the pet in owner’s absence
Rising demand from working population who need to monitor their pet in their absence is anticipated to fuel the market growth. The employment rate is constantly rising across the world and the demand for smart collars which enable animals to communicate with the pets from their workplaces is rapidly increasing due to a busy lifestyle and the long office hours.
Factors such as rising allergy problem due to the pet collar and high cost of the device restrict the market growth. Moreover, introduction of counterfeit products which are available at lower price restrict the market growth even further.
Global Smart Connected Pet Collar Market: Regions
In terms of value and volume, North America was the largest market accounting for XX% of total market volume share in 2019
USA contributed to the maximum share in the regional market owing to increase in pet owner families in the nation. Rising purchasing power and increase in per capita income in the region is anticipated to fuel the regional growth of the market.
Increased working hours in North America and need of individuals to monitor their pets, growing pet problems related and rising case of lost pets in countries like USA, Canada and Mexico has surged the market demand for smart collars.
Global Smart Connected Pet Collar Market: Key Players
• LINK AKC
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Whistle Labs
• Radio Systems
• Other prominent players
Global Smart Connected Pet Collar market report also contains analysis on:
• Smart Connected Pet Collar Market Segments:
o By Application:
o By Sales Channel:
• Smart Connected Pet Collar Market Dynamics
• Smart Connected Pet Collar Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints