Brand Story
29 Sep 2022, 07:45 GMT+10
The global dog gates, doors, & pens market projects a staggering growth, topping a valuation of approximately US$ 8.9 Bn over the forecast period of 2021 and 2031.
Growing adoption of dogs across the globe and technological innovation in the products are the major factors propelling growth. Increasing pet humanization among millennials, especially across India, Brazil, and Australia, are increasing the consciousness regarding the pet welfare.
On the back of the aforementioned factor, demand for dog gates, doors, & pens will surge at over 6.6% CAGR during the forecast period. With increasing social media penetration, millennials are increasingly becoming aware regarding their responsibilities towards animals.
Increasing initiatives undertaken by animal rights activists and growing adoption of shelter animals have encouraged the millennials to adopt dogs as pets. Thereby, increasing the sales of dog doors and pens.
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As per the FMI's analysis, due to the onset of the novel COVID-19, the global dog gates, doors, & pens sales grew moderately as manufacturing activities were disrupted. However, adoption of pets surged, especially across India and Brazil, which boosted the demand for dog pens.
Hence, to cater the surging demand, key players relied on e-commerce giants such as Amazon and Walmart to sustain their position and generate lucrative revenues, benefiting the market.
Key Takeaways from FMI's Dog Gates, Doors, & Pens Market Study
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Who is Winning?
Some of the key players operating in the dog gates, doors, & pens market Richell Inc., Midwest Pet Products Inc., Ware Pet Products, FurHaven Pet Products, Endura Flap, Ideal Pet Products, Plexidor, Petsfit Inc., High Tech Pet Products Inc., Hale Pet Door, Takara Industry Co. Ltd., Gun Dog House Door Inc., Carlson Products, ZampaPet, and IRIS USA Inc. among others.
As per the FMI's analysis, leading players in the market are focusing on product development, and sustainability to introduce new smart products such as smart pet doors integrated with cutting-edge technologies to expand their global footprints.
Also, the market players are adopting expansion strategies such as mergers and collaboration with local and online distributors to cater the surging need amidst the global pandemic. Industry giants are relying on digital marketing and social media platforms to reach global audience and improve their brand awareness.
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Dog Gates, doors, & pens Market by Category
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Explore FMI's Extensive Ongoing Coverage on Consumer Product Domain:
Large Breed Dog Food Market: Large Breed Dog Food Market: Report Published by FMI is an in-depth Analysis of the Market Covering its Size, Share, Value, Growth and Current Trends for the Period of 2020-2030
Pet Safe Cleaners Market: The pet safe cleaners market holds ~US$ 5,924.0 Mn in 2022 and is anticipated to reach US$ 7,960.1 Mn by 2032, at a CAGR of 3.0 % from 2022 to 2032
Pet Oral Care Market: The global pet oral care market is estimated at US$ 11,848 Million in 2022. The overall pet oral care market share is projected to reach US$ 16,711 Million by 2032, following a moderate CAGR of 3.5% from 2022 to 2032
Pet Bathing Supplies Market: The global pet bathing supplies market is projected to have an average-paced CAGR of 6.2% during the forecast period. The current valuation of the market is US$ 8,049.8 Million in 2022
Pet Carriers Market: The global pet carriers market is projected to have a slow-paced CAGR of 4% during the forecast period. The current valuation of the market is US$ 830 million in 2022
About FMI:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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The post Dog Gates, Doors & Pens Market is to Exhibit Growth at 6.6% CAGR During Forecast Period by 2031 appeared first on Future Market Insights.
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