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Global Pet Wearables Market Report Just Published by Credence Research Inc.

Global Pet Wearables Market- Growth, Future Prospects and Competitive Analysis, 2017 – 2025” offers strategic insights into the global pet wearables market along with the market size and estimates for the duration 2015 to 2025.
Published 21 September 2018
According to a new market research report published by Credence Research “Pet Wearables Market was valued at US$ 1,093.2 Mn in 2016 and is expected to grow at a CAGR of 13.5% during the forecast period from 2017 to 2025. 
The purpose of the report is to illustrate the state of the market of Pet Wearables, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2025.
Market Insights:
Growing popularity of wearable technology for humans coupled with decreasing costs of various communication and sensor devices have paved the way for the rise of wearable technology for pets in the recent years. Numerous companies across the world have been engaged in leveraging existing technologies and applying the same in the pet’s domain. In addition to the technological advancements, factors such as growing concerns pertaining to pet health and rise in disposable incomes are expected to further fuel the demand for innovative pet wearables. Furthermore, changing consumer lifestyle and increasing need to remotely track and monitor pets have led to the growing popularity of pet wearables in the most of the developed markets especially in the North America and Europe regions. However, factors such as lack of technological awareness and initial costs have hampered the adoption of pet wearables in some of the developing markets across the world.
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Leading Players:
In addition, companies have engaged in incorporating various applications such as remote feeding and playing in the wearables ecosystem with the use of additional hardware installed at homes. Some of the key players in the pet wearables market include FitBark, Loc8tor Ltd., PetPace Ltd., Whistle Labs Inc., Pitpatpet Ltd., DOGSTAR LIFE, Fetch (GoPro, Inc.) and INUPATHY, Inc., among others.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Pet Wearables buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
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What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Pet Wearables contains:
Analysis and forecast of Pet Wearables market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Pet Wearables market;
Assessment and forecast of Pet Wearables market development;
Financial and business profiles of the leading companies in the Pet Wearables industry.
Also you can request us for sample in pdf with more details and graph:
- Up to date working Pet Wearables data by major regions in the world, the forecast of planned capacity additions by 2026
- The annual breakdown of capital expenditure spending on proposed Pet Wearables for the period 2018 to 2026
- Planned Pet Wearables additions and capital expenditure spending by key countries and companies across the world
- Planned capital expenditure spending on new Pet Wearables projects by region, key countries, and companies
- Details of major planned Pet Wearables projects in the world up to 2026

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