Pet Training Services Market
According to a new report published by Allied Market Research, titled “Pet Training Services Market”, the size of the pet training services market was valued at $3.83 billion in 2021 and is expected to reach $6. $.84 billion by 2031 at a CAGR of 6%. from 2022 to 2031. The report offers an in-depth analysis of changing market trends, key segments, major investment pockets, regional scenario, Porter’s Five Forces, and competitive scenario.
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Pet training is essential for any pet that builds trust in pets, instills desirable behaviors in pets, and builds strong relationships between pets and pet owners. The growing adoption of pets among Millennials and Gen Z is a major factor that is expected to drive the demand for pet training services across the globe. The adoption of various pets such as rabbits, dogs, cats and birds is rapidly gaining momentum among people all over the world.
According to the Pet Training Services market analysis, the global market is segmented on the basis of pet type, purpose, industry, training method and region. Based on pet type, the market is divided into dogs, cats, horses and others. According to the purpose, it is divided into standard, specific and service. Based on branch, the market is segmented into single and multiple. Further, based on the training method, the pet training services market is segregated into virtual and offline. Regionally, the market is analyzed across North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa).
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Based on the type of pet, the dog segment dominated the market, securing around 42.5% of the pet training services market share in 2021. Dogs are trained to make them perform a wider variety of functions such as guarding, drug and explosives detection, search and rescue and assisting the disabled. Training helps build confidence, provide mental stimulation and create a strong bond between humans and dogs. The growing adoption of dogs as pets and growing desire of dog owners to train their pets for different functional benefits has resulted in significant growth of the dog segment in the global pet training service industry. company.
Based on the training method, virtual is expected to experience the highest CAGR of 6.7% during the forecast period. Virtual pet training services are becoming increasingly popular as people look for ways to train their pets without having to leave the comfort of their homes. Virtual pet training services offer a variety of different activities they can do with their pet, and they can be a great way to entertain and engage their pet. Moreover, increasing adoption of digital technologies like internet and smartphones is driving the growth of the virtual segment.
According to the objective, the standard segment accounted for 69.3% of the market share in 2021 and led the global pet training services market. This dominance is attributed to increased spending on training pets for entertainment, companionship, and safety. The increasing adoption of pets for companionship and entertainment purposes is expected to drive the growth of the standard segment during the forecast period.
Regionally, North America led the global market in 2021. Rising adoption of pets, high disposable income, increased trend towards humanization of pets, presence of several large pet training service providers and increased awareness of the benefits of pet training are some of the major factors that have led to North America’s dominance in the global market.
Major players operating in the pet training services industry include Best friends, Beyond The Dog, Big Valley Dog training, Brunell Pet Services, Camp Bow Wow, Dog Gone Fun, Every Dog Behavior and Training, Family Dog Training Centre, Highland Canine Training. , LLC., Licks and Loves, K9 GTA, Noble Beast Dog Training, Papp’s Dog Training Services, USA Dog Behavior, WAGS 4 Kids, Canine Solution International (K9SI), K9 Bond, Hill’s Pet Nutrition, Inc., Delta One Canines, and Viking – dog training.
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Main results of the study:
○ The global Pet Training Services market size was valued at USD 3,827.4 Million in 2021 and is projected to reach USD 6,836.9 Million by 2031, registering a CAGR of 6.0% from 2022 to 2031.
○ By pet type, the cat segment is estimated to be the fastest growing, registering a CAGR of 6.6% during the forecast period.
○ In 2021, according to the objective, the standard segment was valued at $2,652.6 million, accounting for 69.3% of the global market share.
○ In 2021, the United States was the largest market in North America and is expected to reach $1,041.8 million by 2031, growing at a CAGR of 5.2% over the period forecast.
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Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
Pawan Kumar, CEO of Allied Market Research, leads the organization in delivering high quality data and insights. We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.
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