The pet boarding market size was valued at $19,452.7 million in 2021, and is estimated to reach $ 35,831.5 million by 2031, registering a CAGR of 6.4% from 2022 to 2031.
There are various places to adopt a pet, including public and private animal shelters that are animal control, city, and county animal shelters, that are mostly run by police and health department. Animals may also be adopted from a rescue organization, where pets are fostered in a home or a private boarding facility. These organizations are usually run by volunteers and animals are viewed during local adoption events that are held at different locations, such as a pet store. The COVID-19 pandemic led to uncertainty and severe health and economic concerns. Studies indicated that owning a companion animal, such as a dog or cat, has benefits for good mental health.Interactions with animals may help with depression and anxiety, particularly under stress-prone conditions. Human-animal interactions may even improve peer-to-peer social relationships, as well as enhance feelings of respect, trust, and empathy between people. Such factors are expected to growth of the global pet boarding market.
Many people have sought the comfort, reassurance, and unconditional love of furry, four-legged companions to help get them through the pandemic. COVID accelerated growth in pet ownership. Greater emphasis on emotional wellbeing and a growing understanding of extraordinary power of pets to increase levels of feel-good chemical oxytocin and lower levels of stress hormone cortisol also plays a major role in the market growth. Also, the rise in nuclear families and single people propel growth of pet ownership across the globe. Furthermore, the rise in social sentiment regarding animal welfare and increase in trends of pet ownership as a human companion also propel the market growth. The pet boarding services include non-medical services such as bathing and grooming, pet sitting or boarding, obedience training, and pet health insurance. All these factors are expected to boost the market growth during the forecast period.Increase in spending of people on different kinds of pet care-related services such as pet food, grooming, and training is expected to favor the market growth. According to data presented by the Pet Food Industry Association of Australia, in 2019, spending on pet veteran-related pet services reached $ 2.6 billion, up from $ 2.2 billion in 2016.
Popularity of pet fashion and pet training among pet owners is expected to have a positive impact on the market and contribute toward its growth. Some pet owners, especially affluent ones, are very particular about representing their lifestyles by spending on comfortable and luxurious products and services for their pets. This is encouraging many market competitors to launch numerous services in grooming, training, and social activities. Pet services include pet sitting, pet grooming, pet traveling, pet training, pet hotels, and customized subscription boxes for the pet. Hence, all such factors propel the market growth.
The pet boarding market is segmented on the basis of pet type, service, and region. On the basis of pet type, the market is categorized into dogs, cats, and others. By service it is segregated into group play sessions, exercise, poolside daycare, pet sitting, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, the Netherlands, and The rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, India, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Egypt, South Africa, the United Arab Emirates, and rest of LAMEA).
Key players in the global market have adopted a variety of development services to grow their market share, boost their profitability and stay competitive. Key players profiled in this report include Carey Petcare and Homecare, Best Friends Pet Care Inc., Camp Bow Wow, Dogtopia, Royvon, Barkefellers, Country Paws Boarding, Puss 'N' Boots Boarding Cattery, Urban Tails Pet Resort, and Pet Station Kennels & Cattery
Current and future trends are outlined in the report to determine the overall market attractiveness and single out profitable trends to gain a stronger foothold in the market.
The report provides information regarding drivers, restraints, and opportunities with impact analysis.
A quantitative analysis of the current market and estimation for the same from 2021 to 2031 is provided to showcase the financial competency of the market.
Porter’s five forces model of the industry illustrates competitiveness of the market by analyzing various parameters such as threat of new entrants, threat of substitutes, bargaining power of the buyers, and bargaining power of the suppliers operating in the market.
Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain.
Competitive intelligence highlights business practices followed by leading market players across various regions.
There are various places to adopt a pet, including public and private animal shelters that are animal control, city, and county animal shelters, that are mostly run by police and health department. Animals may also be adopted from a rescue organization, where pets are fostered in a home or a private boarding facility. These organizations are usually run by volunteers and animals are viewed during local adoption events that are held at different locations, such as a pet store. The COVID-19 pandemic led to uncertainty and severe health and economic concerns. Studies indicated that owning a companion animal, such as a dog or cat, has benefits for good mental health.Interactions with animals may help with depression and anxiety, particularly under stress-prone conditions. Human-animal interactions may even improve peer-to-peer social relationships, as well as enhance feelings of respect, trust, and empathy between people. Such factors are expected to growth of the global pet boarding market.
Many people have sought the comfort, reassurance, and unconditional love of furry, four-legged companions to help get them through the pandemic. COVID accelerated growth in pet ownership. Greater emphasis on emotional wellbeing and a growing understanding of extraordinary power of pets to increase levels of feel-good chemical oxytocin and lower levels of stress hormone cortisol also plays a major role in the market growth. Also, the rise in nuclear families and single people propel growth of pet ownership across the globe. Furthermore, the rise in social sentiment regarding animal welfare and increase in trends of pet ownership as a human companion also propel the market growth. The pet boarding services include non-medical services such as bathing and grooming, pet sitting or boarding, obedience training, and pet health insurance. All these factors are expected to boost the market growth during the forecast period.Increase in spending of people on different kinds of pet care-related services such as pet food, grooming, and training is expected to favor the market growth. According to data presented by the Pet Food Industry Association of Australia, in 2019, spending on pet veteran-related pet services reached $ 2.6 billion, up from $ 2.2 billion in 2016.
Popularity of pet fashion and pet training among pet owners is expected to have a positive impact on the market and contribute toward its growth. Some pet owners, especially affluent ones, are very particular about representing their lifestyles by spending on comfortable and luxurious products and services for their pets. This is encouraging many market competitors to launch numerous services in grooming, training, and social activities. Pet services include pet sitting, pet grooming, pet traveling, pet training, pet hotels, and customized subscription boxes for the pet. Hence, all such factors propel the market growth.
The pet boarding market is segmented on the basis of pet type, service, and region. On the basis of pet type, the market is categorized into dogs, cats, and others. By service it is segregated into group play sessions, exercise, poolside daycare, pet sitting, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, the Netherlands, and The rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, India, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Egypt, South Africa, the United Arab Emirates, and rest of LAMEA).
Key players in the global market have adopted a variety of development services to grow their market share, boost their profitability and stay competitive. Key players profiled in this report include Carey Petcare and Homecare, Best Friends Pet Care Inc., Camp Bow Wow, Dogtopia, Royvon, Barkefellers, Country Paws Boarding, Puss 'N' Boots Boarding Cattery, Urban Tails Pet Resort, and Pet Station Kennels & Cattery
KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the global pet boarding market along with the current and future trends to elucidate the imminent investment pockets in the market.Current and future trends are outlined in the report to determine the overall market attractiveness and single out profitable trends to gain a stronger foothold in the market.
The report provides information regarding drivers, restraints, and opportunities with impact analysis.
A quantitative analysis of the current market and estimation for the same from 2021 to 2031 is provided to showcase the financial competency of the market.
Porter’s five forces model of the industry illustrates competitiveness of the market by analyzing various parameters such as threat of new entrants, threat of substitutes, bargaining power of the buyers, and bargaining power of the suppliers operating in the market.
Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain.
Competitive intelligence highlights business practices followed by leading market players across various regions.
Key Market Segments
By Pet Type
- Dog
- Cat
- Others
By Services
- Group Play Sessions
- Exercise
- Poolside Daycare
- Pet Sitting
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- Australia
- South Korea
- India
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- Saudi Arabia
- South Africa
- UAE
- Rest of LAMEA
Key Market Players
- Carey Pet and Home Care
- best friends pet care
- camp bow wow
- dogtopia
- royvon dog hotels and training
- barkefellers
- Country Paws
- Puss 'n' Boots Boarding Cattery Pty Ltd
- Urban Tails Pet Resort
- Pet Station Group
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: PET BOARDING MARKET, BY PET TYPE
CHAPTER 5: PET BOARDING MARKET, BY SERVICES
CHAPTER 6: PET BOARDING MARKET, BY REGION
CHAPTER 7: COMPANY LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Pet Boarding Market," the pet boarding market was valued at $19.5 billion in 2021, and is estimated to reach $35.8 billion by 2031, growing at a CAGR of 6.4% from 2022 to 2031.Adoption of various companion animals such as fish, dogs, cats, and birds is gaining rapid traction among the population across the globe. Having a companion animal offers several benefits such as reduced stress, boosting confidence, healthy heart, and control in blood pressure and cholesterol levels. Rise in pet ownership among millennials and generation Z, along with rapidly growing social media and e-commerce platforms across the globe significantly boost the pet boarding market growth.
Increase in awareness regarding veterinary health, change in demographic trends across developing countries, and growth in number of pet owners propel the market expansion. In addition, growth in trend for premium pet care services such as group play activities and training further fuel the industry growth. Rise in adoption of pets and ownership is expected to be a key factor to propel the market growth.
Various activities offered by pet boarding facilities are luring more pet owners to use their services. People remained indoors with their families and pets throughout the pandemic due to lockdowns and travel restrictions. Furthermore, many bachelors and couples have been locked at home for extended periods of time, which made them lonely and prompted the need for pets, which are friendly and make fantastic friends with humans.
One of the major drivers of the global pet boarding industry is growing awareness campaigns and promoting pet ownership by governments and organizations globally. Orphan pets are growing globally and some of them are taken care by pet shelters and NGOs that donate pets to owners who are willing to take ownership. Thus, the increasing working population and busy work schedules are further fueling the growth of the global pet boarding market.
The market for pet boarding is quickly approaching the pre-COVID growth rate, owing to the economic recovery in most emerging economies and a stable growth rate is expected throughout the forecast period. Resumption of offices and ease in travel restrictions are key factors behind the recovery of the pet boarding market. These factors are projected to boost growth of the market after the COVID-19 period.
According to Roshan Deshmukh, Assistant Manager, Consumer Goods, and Food and Beverage, “The on-going trend of pet humanization, shift toward nuclear families due to urbanization, growth in rate of pet population, and rise in trend of pet adoption are crucial factors responsible for the growth of the global pet boarding market.”
The pet boarding market is segmented on the basis of pet type, service, and region. On the basis of pet type, the market is categorized into dogs, cats, and others. By service it is segregated into group play sessions, exercise, poolside daycare, pet sitting, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, the Netherlands, and The rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, India, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Egypt, South Africa, the United Arab Emirates, and rest of LAMEA).
By pet type, the dog segment was valued at $11,166.3 million in 2021, and is expected to reach $ 20,412.4 million by 2031 at a CAGR of 6.3%. Dogs are the most popular pets among pet owners around the world. They are one of the most common domestic animals. They are also listed as one of the friendliest pets that are owned by people and are usually described as man's best companions as they generously offer their friendship and company to people. Grooming, training, and group play activities are important for dogs, which are expected to fuel pet boarding market demand during the forecast period.
On the basis of service the exercise segment is expected to grow at a CAGR of 6.6% during the pet boarding market forecast period. Exercising keeps dogs healthy, while reducing behavioral problems such as excessive licking, barking, chewing, digging, and other anxiety-related behaviors. It also helps build trust and confidence among pets for their owners and environment. Hence, pet owners ask for exercise activity sessions at boarding facilities, which are expected to fuel growth of the exercise segment in the global pet boarding market.
Asia-Pacific is one of the most important and high potential regions for the pet care industry. Asia-Pacific has diverse countries, such as Australia and Japan, which have reached a maturity stage and has emerging markets such as China and India. The pet care market in Asia-Pacific is largely driven by rapid urbanization and rise in nuclear families. In many countries, owning a pet, focusing on them, and spending on their care are perceived as social status and sensitivity, which is further fuels growth of the market.
Bases on the pet boarding market opportunities, the key players in the global market have adopted a variety of development services to grow their market share, boost their profitability and stay competitive. Key players profiled in this report include Carey Petcare and Homecare, Best Friends Pet Care Inc., Camp Bow Wow, Dogtopia, Royvon, Barkefellers, Country Paws Boarding, Puss 'N' Boots Boarding Cattery, Urban Tails Pet Resort, and Pet Station Kennels & Cattery.
Key Finding of the Study
The pet boarding market size was valued at $19,452.7 million in 2021, and is estimated to reach $35,831.5 million by 2031, registering a CAGR of 6.4% from 2022 to 2031.
By pet type, the dog segment was valued at $11,166.3 million in 2021, and is estimated to reach $20,412.4 million by 2031, registering a CAGR of 6.3% from 2022 to 2031.
According to the pet boarding market analysis, based on services, the group play sessions segment was valued at $ 5,958.6 million, accounting for 30.6% of the global pet boarding market share.
In 2021, the U.S. was the most prominent market in North America, and is projected to reach $ 14,932.6 million by 2031, growing at a CAGR of 5.7% during the forecast period.
Companies Mentioned
- Carey Pet and Home Care
- Best Friends Pet Care
- Camp Bow Wow
- Dogtopia
- Royvon Dog Hotels and Training
- Barkefellers
- Country Paws
- Puss 'N' Boots Boarding Cattery Pty Ltd
- Urban Tails Pet Resort
- Pet Station Group
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 272 |
| Published | June 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 19452.7 million |
| Forecasted Market Value ( USD | $ 35831.5 million |
| Compound Annual Growth Rate | 6.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
