Companies in the pet clothing market are adopting the IoT to
LONDON, Aug. 04, 2022 (GLOBE NEWSWIRE) — According to The Business Research Company’s research report on the pet apparel market, the implementation of IoT in pet apparel is gaining popularity in pet clothing market trends. Companies operating in the pet wearable clothing market are increasingly adopting IoT (Internet of Things) technology in pet tracking devices to enable pet owners to seamlessly track pet wearables. activity and location of their pets. IoT-enabled pet tracking devices use IoT technology that uses GPS (Global Positioning System) or cell tower triangulation to pinpoint the location of the tracker. This data can be accessed by a companion app installed on the pet owner’s smartphone. Benefits of IoT-enabled pet trackers include high accuracy in location tracking, geofencing notifications if the pet leaves a specified area, and longer battery life. For example, in September 2021, Vodafone Group PLC, a multinational telecommunications company based in the United Kingdom, launched the Curve Smart GPS tracking package, which is an IoT-enabled tracker that can be used to pinpoint the location of the ‘animal.
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The global pet apparel market share is expected to grow from $2.10 billion in 2021 to $2.43 billion in 2022 at a compound annual growth rate (CAGR) of 15.96%. The global pet clothing industry growth is expected to reach $4.15 billion in 2026 at CAGR of 14.26%.
Rising demand for pet monitoring globally has contributed to the growth of the pet clothing market. Pet owners often treat pets as members of the family and are willing to spend on pet products and services. According to the 2020 COVID-19 Pulse Study, conducted by the American Pet Products Association, 11.38 million American families brought in new pets during the pandemic. Additionally, 72% of survey respondents said that their pet’s nutrition and health was a top priority for them. Additionally, according to the Pet Food Manufacturers Association, a UK-based trade body for the pet food industry, 3.2 million households in the UK acquired a new pet during the coronavirus pandemic. COVID-19. The rise in the number of pets indicates an increase in demand for pet-related goods, including wearable pet devices.
Major Players of Pet Wearables Market are Allflex USA Inc., Avid Identification Systems Inc., Dairymaster, Datamars Inc., Felcana, FitBark Inc., Garmin Ltd., GoPro Inc., Intervet Inc., Invisible Fence , Konectera Inc., Scollar Inc., Tractive GmbH, Trovan Ltd., PetPace Ltd, Motorola Mobility LLC, Num’Axes, Dogtra, Dog Tracker Nano, DeLaval Inc., Furbo, GIBI Technologies, Nedap, Omnia Technologies, Pawbo Inc. , Indiegogo Inc., Invoxia and Jiobit.
The global pet clothing market is segmented by product type into smart collar, smart camera, smart harness and vest, etc. by technology in devices RFID, GPS, sensor, Bluetooth, others; by application in identification and tracking, monitoring and control, medical diagnosis and treatment, etc.
North America was the greater region in the Pet Wearables Market in 2021. Asia Pacific should be the fastest growing region in the global pet clothing market over the forecast period. Regions covered in the Global Pet Clothing Market analysis are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle -East and Africa.
The Global Pet Clothing Market Report 2022 – Global Market Size, Trends and Forecasts 2022-2026 is part of a series of new reports from The Business Research Company that provide insights into the Pet Clothing Market. company, analyze and forecast market size and growth for overall market, Pet Apparel market segments and geographies, Pet Apparel market trends, Pet Apparel market drivers company, Pet Clothing Market constraints, revenue, profiles and market shares of top Pet Clothing Market competitors in 1,000+ industry reports, covering over 2,500 market segments and 60 geographical areas.
The report also gives an in-depth analysis of the impact of COVID-19 on the market. The reports are based on 150,000 datasets, extensive secondary research and proprietary insights from interviews with industry leaders. A highly experienced and expert team of analysts and modellers provide market analysis and forecasts. The reports identify key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
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