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.Tricks and treats: A high pet ownership rate and rising disposable income levels will fuel industry growth
More than ever, households see their pets as an integral part of the family. This, combined with a rising pet ownership rate, has boosted spending on pet care services, including the Pet Grooming and Boarding industry. Companies in this industry provide grooming and boarding, among other pet services outside of regular veterinary care. In recent years, the broader pet care sector has flourished as pet owners sought out the best for their pets. This has materialized in this industry through newer services like high-end boarding and luxury grooming packages. The industry's growth trajectory was disrupted by the COVID-19 pandemic, as work-from-home settings and travel restrictions left pet owners at home more than ever before, leading revenue to fall for the first time in more than two decades. However, an unprecedented spike in pet ownership during the pandemic has shifted the industry's landscape, with demand for pet grooming and boarding outpacing supply in a post-COVID-19 environment. In all, revenue is projected to expand an annualized 2.8% to $11.8 billion over the five years to 2023.
This industry provides pet care services, such as boarding, grooming and training. Adoption and shelter services and end-of-life pet care are also included in this industry. Companies that predominantly retail products, board horses, transport pets or practice veterinary medicine are excluded.
Table of Contents
ABOUT THIS INDUSTRY- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
- Supply Chain
- Products & Services
- Demand Determinants
- Major Markets
- International Trade
- Business Locations
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Basis of Competition
- Barriers to Entry
- Industry Globalization
OPERATING CONDITIONS
- Capital Intensity
- Technology & Systems
- Revenue Volatility
- Regulation & Policy
- Industry Assistance
- Industry Data
- Annual Change
- Key Ratios
Methodology
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