A comprehensive study conducted by Future Market Insights provides insights into critical trends and macro-economic indicators affecting growth in the of the dog gates, doors, & pens market. It reveals the scope expansion for the market in term of taxonomies including product, size, type, sales channel across several countries and regions during the assessment period.
Future Market Insights (FMI), Dubai: As per a recent survey by FMI, the global dog gates, doors, & pens market is poised to reach US$ 4.9 Bn in 2021. Rising demand for sustainable and energy-efficient doors and gates for pets such as dogs is augmenting the sales.
On account of this, the market is estimated to expand at a CAGR of 6.6% between 2021 and 2031. Rising trend of pet humanization among Gen-z and millennials is observed across the U.S., Australia, Germany, India, and Brazil, among others. On the back of this trend, need for pet safety have burgeoned the demand for dog gates, doors, & pens.
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According to a report by the American Pet Products Association (APPA), around 89.7 million dogs were adopted in the U.S. alone between 2017 and 2018. In addition to this, growing consciousness regarding pet welfare is expected to create revenue generation opportunities for the market.
Increasing initiatives and campaigns undertaken by animal rights activists to spread awareness regarding pet safety and responsibilities are favoring the market growth. Driven by this, sales of dog gates, doors, & pens are anticipated to surpass US$ 8.9 Bn by the end of 2031.
On the basis of sales channels, the online retail segment is projected to exhibit the highest growth, expanding at an impressive CAGR of 9.8% through 2031. Growing customer inclination towards e-commerce platforms owing to the convenience associated with it will drive the segment growth.
“Leading manufacturers are emphasizing on developing app-controlled smart doors and gates for pets. Besides this, they are adopting cutting-edge technologies such as motion sensor, voice control, and smart videos. A slew of such advancements are expected to accelerate the market growth in the coming years,” says the FMI analyst.
Key Takeaways from Dog Gates, Doors, & Pens Market Study
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Key player are focusing on adopting growth strategies such as new product launches and engaging into collaborations with e-commerce industry giants to expand their consumer base and market share. For instance,
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Some of the key players operating in the market profiled by FMI are:
More Valuable Insights on Dog Gates, Doors, & Pens Market
FMI, in its new report, offers an unbiased analysis of the global dog gates, doors, & pens market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in dog gates, doors, & pens market with detailed segmentation:
By Sales Channel:
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Key Questions Covered in the Report
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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