Pet travel accessories have emerged as an essential part of the pet tourism industry, which has seen growing popularity among pet owners across the globe. Pet travel accessories such as pet carriers, leashes, bowls, blankets, and clothes not only provide comfort to pets while traveling but also enhance convenience for pet parents. Growing tourism along with the availability of pet-friendly establishments like hotels have prompted travelers to take their companion pets along on vacations and travel, driving greater demand for pet travel products.
The pet travel accessories market facilitates easy and safe travel of pets. Products like carriers provide a safe enclosure for pets while in transit, protecting them from accidents, injury, or stress. Leashes and harnesses help maintain control over pets outside kennels or vehicles. Travel bowls, clothes, toys, and blankets cater to the hygiene and comfort needs of pets during travel.
The global pet travel accessories market is estimated to be valued at US$ 7.42 Bn in 2024 and is expected to exhibit a CAGR of 6.2% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Pet Travel Accessories market are Ancol Pet Products Limited,
Central Garden Pet Company, Coastal Pet Products Inc., Ferplast S.p.A., Hangzhou Tinayuan Pet Products Company, House of Pet Design GmbH, KH Pet Products, and K9 Sport Sack.
The Pet Travel Accessories Market size is being driven by the growing trend of pet ownership and the humanization of pets. According to the American Pet Products Association, U.S. pet owners spent approximately $95 billion on pets in 2021, with significant spending on pet supplies including travel products. Convenience-seeking pet parents are seeking products that make pet travel stress-free.
Major players are expanding their geographic presence by establishing hubs or manufacturing facilities in strategic markets. For instance, Central Garden & Pet Co. expanded into Western European markets by acquiring a UK based pet supplies company. Thisallows players to better serve diverse cultural preferences and regulations regarding pet products across regions.
Market Key Trends
Multi-functional pet travel accessories are gaining traction in the market. Products featuring additional pockets, reflective strips, hydration packs are witnessing increased demand. For instance, K9 Sport Sack offers a lightweight and breathable carrier that can double up as a crash-tested safety restraint in vehicles. This eliminates the need to transfer pets between kennels.
Sustainable and eco-friendly products are an emerging trend in the industry. Offerings incorporating recycled, natural, and organic materials appeal to health-conscious pet parents.
Ferplast’s carriers are made of recyclable ABS plastic. Additionally, products featuring antimicrobial coating or easy cleaning functionality are gaining wider acceptance.
Porter’s Analysis
Threat of new entrants: New players can find it difficult to gain consumer trust and brand loyalty in this market that already have well established brands.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes but brand loyalty plays important role.
Bargaining power of suppliers: Suppliers have low to moderate bargaining power as there are many suppliers of raw materials used to manufacture pet travel accessories.
Threat of new substitutes: Pet Travel Accessories Market Challenges and Opportunities include the moderate threat of new substitutes, as alternatives like do-it-yourself accessories can serve as a replacement for purchased products.
Competitive rivalry: Rivalry is high between major brands to strengthen their market position and achieve product differentiation.
The North American region accounts for the largest share in the pet travel accessories market in terms of value. Increasing pet ownership and humanization of pets is driving the demand for various pet travel accessories such as leashes, collars, apparels, harnesses, travel bags and kits in this region. The Asia Pacific region is projected to grow at the fastest rate during the forecast period due to rapidly growing pet ownership, rising disposable incomes and improvement in pet healthcare infrastructure in key emerging countries like India and China. Growth in nuclear family structure coupled with increasing willingness to pamper pets is augmenting the demand for pet travel accessories in Asia Pacific.
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Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups.
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