Dog Walking Services in the US - Industry Market Research Report

Ruff Day: Industry Profit is Expected to Decline Marginally due to Rising Wage Costs

With more than 189.0 million pets occupying the homes of over two-thirds of US households, according to the American Pet Products Association (APPA), Americans own more pets today than at any other time. Pet owners are also spending record amounts on their companions. According to APPA's 2022 State of the Industry Report, pet owners spent over $136.8 billion on pet-related goods and services. This expense includes offerings the Dog Walking Services industry provides, primarily comprising dog walking and pet sitting services. Growing pet ownership and increasing spending on pet care provisions are expected to lead industry revenue to grow at a CAGR of 1.2% over the past five years, including an estimated 0.3% increase in the current year and is expected to total $1.3 billion in 2023. In the same year, profit is projected to decrease to 16.1%. This industry includes establishments that provide dog walking services to households. Also included in this industry are pet sitters, who commonly visit pet owners' homes to care for dogs and cats. The industry doesn't include companies that primarily offer pet grooming, training, boarding or other pet services, which are accounted for in the Pet Grooming and Boarding industry. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.