Rockville, MD -- (SBWIRE) -- 07/05/2018 -- Notable changes in global demographics and rising expenditure in pet care is proving instrumental in driving the worldwide popularity of pet wearables. In addition, increasing disposable income is propelling the number of pet owners across the globe, which, in turn, is reflecting favourably on the global pet wearables market. Most owners are increasing their budgets on pet in order to provide the best quality care. Moreover, new guidelines that are introduced by internationally recognized animal care organizations are helping owners get more informed about pet management and care.

Further, rising awareness among owners of farm animals as well as household pet owners regarding the importance of tracking and monitoring animal health condition is also influencing the global pet wearables market. However, various technological glitches associated with pet wearables and poor rate of adoption in developing markets are acting as the primary restraints to the market's growth. High cost of such as wireless technologies that entail robust network also limit their adoption in many countries where internet infrastructure continues to be inadequate. The latest report published by Fact.MR reveals that the global pet wearables market is set to register a steady CAGR of 4.3% between 2017 and 2022.

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GPS Trackers Will Continue to Be the Most Sought-After Pet Wearable Product

On the basis of product, the GPS trackers segment is expected to remain highly lucrative in 2017 and beyond. The segment currently represents around 33% revenue share of the global market and is expected to register a CAGR of 4.2% during the forecast period.

On the basis of region, the pet wearables market in North America is expected to remain dominant throughout the assessment period. This is primarily owing to the high willingness of owners to provide their pets with optimum care. During the forecast period, North America's pet wearables market is projected to expand at a CAGR of 4.3%.

On the basis of distribution channel, the E Commerce segment is expected to retain its top position over 2022. The segment currently represents nearly one-third share of the global market in terms of revenue. By the end of forecast, this segment is expected to reach a valuation is excess of US$ 1,200 Mn.

Competition Tracking

Some of the leading companies operating the global market for pet wearables include Loc8tor Ltd, Tractive GmbH, Whistle Labs LLC, Gibi Technologies Inc, Motorola, Ridogulous Labs Inc., FitBark, Inc., PetPace LLC, Garmin International, Inc., GoPro, Inc., and IceRobotics. Majority of these players are concentrating on developing advanced products in order to lure more buyers.

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Table of Contents

1. Global Pet Wearables Market - Executive Summary

2. Global Pet Wearables Market Overview
2.1. Introduction
2.1.1. Global Pet Wearables Market Taxonomy
2.1.2. Global Pet Wearables Market Definition
2.2. Global Pet Wearables Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Pet Wearables Market Y-o-Y Growth
2.3. Global Pet Wearables Market Dynamics
2.3.1. Drivers
2.3.2. Restraints
2.3.3. Trends
2.4. Supply Chain
2.5. Cost Structure
2.6. Pricing Analysis
2.7. Raw Material Sourcing Strategy and Analysis
2.8. List of Distributors
2.9. Key Participants Market Presence (Intensity Map) By Region

3. Global Pet Wearables Market Analysis and Forecast By Product Type
3.1. Global Pet Wearables Market Size and Forecast By Product Type, 2012-2022
3.1.1. Pet Cameras Pet Wearables Market Size and Forecast, 2012-2022
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. Activity Monitors Pet Wearables Market Size and Forecast, 2012-2022
3.1.2.1. Revenue (US$ Mn) Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
3.1.2.3. Y-o-Y growth Comparison, By Region
3.1.3. GPS Trackers Pet Wearables Market Size and Forecast, 2012-2022
3.1.3.1. Revenue (US$ Mn) Comparison, By Region
3.1.3.2. Market Share Comparison, By Region
3.1.3.3. Y-o-Y growth Comparison, By Region
3.1.4. Pet Emotion Sensors Pet Wearables Market Size and Forecast, 2012-2022
3.1.4.1. Revenue (US$ Mn) Comparison, By Region
3.1.4.2. Market Share Comparison, By Region
3.1.4.3. Y-o-Y growth Comparison, By Region
.....

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