Increasing number of pet travelers and rising pet sport events are the leading factors driving the global pet travel services market during the forecast period
According to TechSci Research report, “Pet Travel Services Market – Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F.” The global pet travel services market is expected to grow during the forecast period due to several factors such as increase in pet adoption rate across the world, and the benefits associated with the use of the services such as door-to-door, airport-to-airport, which are driving the market for pet travel services in the projected period.
Most pet owners view their animals as companions and like taking their animals on vacation to various locations across the globe. Due to a rise in pet adoption rates around the world, pet travel services are significantly growing. For instance, Condor Ferries, a service provider in the UK, revealed that 37% of families now travel with their pets and that over 53% of pet owners worldwide take their fuzzy companions on holiday travels. Over the past ten years, this rate has increased by 19%, which support the market growth during the forecast period.
Key elements influencing the growth of the Global Pet Travel Services Market including an increase in pet ownership among millennials, the trend toward humanizing pets, a rise in demand for pet security during travelling, the rapid globalization of social media and e-commerce platforms, an increase in the number of pets, and an increase in consumer disposable income are major drivers of the Global Pet Travel Services Market’s over the forecast period.
To accommodate the rising demand for efficient pet transportation, pet travel companies have expanded their travel services to new locations. Pet-friendly hotels, parks, cafes, and other locations, along with related services like dog staycations, etc. have increased peoples’ willingness to travel with their animals.
The market for pet travel services is expanding as more people attend dog shows, exhibitions, or sporting events. Due to extensive transportation distances, pet owners seek out pet travel services to get to the destination to participate in competitions, and there are some concerns among pet owners about safety and security for their pet. This will further drive the market demand for Global Pet Travel Services over the forecast period.
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The Global Pet Travel Services Market is segmented based on pet type, travel type, mode of transport, booking type, region, and competitional landscape.
Based on pet type, the market is further fragmented into dog, cat, and others like bird, rabbit, etc. Among this segment, dog is the fastest growing because of high adoption rate and social activity, energy, and lack of anxiety while travelling for a long time, they are regarded as the finest travel companions, which has led to the increase in the demand for Pet Travel Services Market during the forecast period.
Based on travel type, the market is segmented into domestic and international. Based on mode of transport the market is segmented into air transport, road travel, and shipping. Based on booking type the market is segmented into online & phone bookings and offline bookings. The market analysis also studies the regional segmentation among North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
Key market players in the global pet travel services market include:
- Pet Travel, Inc.
- Pet Express Animal Transport
- World Care Pet Transport, LLC
- AirPets Relocation Services Private Limited
- PETport
- PetRelocation, Inc.
- Starwood Animal Transport
- Happy Tails Travel, Inc.,
- Blue Collar Pet Transport
- Worldwide Animal Travel Ltd.
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“With an increase in the number of pets and the demand for pet care, pet grooming, etc., there is a growing demand for pet transportation services that offer additional services in addition to transportation. Other factors driving the growth of the Pet Travel Services Market include an increase in the use of pet travel services to alleviate concerns about their animal, which adds to new market opportunities. These elements encourage companions to purchase pet travel services for their pets. During the forecast period, the expansion of online retail channels offering services at competitive prices is expected to drive market growth.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
Pet Travel Services Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F. Segmented By Pet Type (Dog, Cat, and Others (Bird, Rabbit, etc.), By Travel Type (Domestic, International), By Mode of Transport (Air Transport, Road Travel, and Shipping), By Booking Type (Online & Phone Bookings, Offline Bookings), By Region, Competition, has evaluated the future growth potential Pet Travel services and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in pet travel services market global.
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