Portland, OR, August 3, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the pet training services market generated $3.83 billion in 2021, and is expected to reach $6.84 billion by 2031, growing at a CAGR of 6.0% from 2022 to 2031.
Coverage and details of the report:
|Market size in 2021||$3.83 billion|
|Market size in 2031||$6.84 billion|
|No. of pages in the report||300|
|Covered segments||Pet Type, Purpose, Branch, Training Method, and Region.|
|drivers||Increase in nuclear families due to rapid urbanization|
|Increased disposable income coupled with increased awareness of the health benefits of having companion pets|
|Opportunities||Availability of various videos on pet training methods at no cost|
|restricts||Increased awareness and adoption of electronic pet training products among pet owners|
- The Covid-19 pandemic has resulted in an increase in pet adoption around the world. As people have been forced to stay in their homes for a longer period due to lockdown restrictions, many have been encouraged to adopt pets for companionship. This increased the demand for pet training services.
- During the prolonged period of confinement, the mental health of people around the world had a great impact, and the adoption of pets as a companion helped improve their social and mental well-being.
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The report segments the global pet training services market on the basis of pet type, purpose, branch, training method, and region.
Based on the type of pet, the report is divided into dogs, cats, horses, and others. The dog segment had the largest share in 2021, accounting for more than two-fifths of the market. The segment is expected to dominate the market throughout the forecast period. However, the cat segment is projected to record the highest CAGR of 6.6% during the forecast period.
Depending on the purpose, the report is classified into standard, specific and service. The standard segment had the largest share in 2021, contributing to more than two-thirds of the market. The segment is expected to continue its dominance during the forecast period. However, the specific segment is estimated to manifest the highest CAGR of 6.7% from 2022 to 2031.
Based on branch, the report segments the market into one and several. The single segment is projected to show the highest CAGR of 6.4% during the forecast period. However, the multi-segment dominated the market in 2021 and accounted for nearly three-fifths of the global pet training services market. The segment is expected to continue its dominance in terms of revenue during the forecast period.
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Based on the training method, the offline segment had the largest share in 2021, contributing to more than three quarters of the market. Furthermore, the segment is anticipated to continue its leading position between 2022 and 2031. In contrast, the virtual segment is estimated to show the highest CAGR of 6.7% during the forecast period.
The global pet training services market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The North American market took the largest share in 2021, accounting for nearly two-fifths of the market. However, Asia-Pacific is anticipated to post the highest CAGR of 7.4% during the forecast period.
The global pet training services market includes an in-depth analysis of the major market players such as Best Friends, Big Valley Dog Training, Beyond The Dog, Camp Bow Wow, Brunell Pet Services, Every Dog Behavior, and Training, Dog Gone Fun, Highland Canine Training, LLC., Family Dog Training Center, K9 GTA, Licks and Loves, Papp’s Dog Training Services, Noble Beast Dog Training, WAGS 4 Kids, USA Dog Behavior, K9 Bond, Canine Solution International (K9SI), Delta One Canines, Hill’s Pet Nutrition, Inc. and Viking – Dog Training. These market players have adopted various strategies such as partnerships, collaborations, mergers and acquisitions, and new product launches to maintain a foothold in the industry.
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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP headquartered in Portland, Oregon. Allied Market Research provides global companies as well as small and medium sized businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a specific vision to provide business information and consulting to help its clients make strategic business decisions and achieve sustainable growth in their respective market domain.
We maintain professional corporate relationships with various companies and this helps us extract market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecast. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high data quality and assist clients in every way possible to achieve success. Each and every one of the data presented in the reports published by us is extracted through primary interviews with senior officials of the main companies of the domain in question. Our secondary data acquisition methodology includes in-depth online and offline research and discussions with industry professionals and expert analysts.