Global Pet Utility Products Market Overview:
Nowadays interest for keeping pet animals at houses has increased. With this, the spending on pet care has also increased. This include the pet utility products that are used by pets on daily purpose such as pet collars, feeding bowls, litter boxes, and other utility products. According to American Pet Products Association (APPA), in the year 2019-2020, 60% of U.S. households or about 85 million families, own a pet. Of these pets, U.S. household petsí dogs and cats were highest owned accounted 63.4 million and 42.7 million respectively. The growing adoption rate of pets in developed countries will continue to boost the market growth in forecast years.
- Increasing Number of Pet Animals in Developed Countries
- Rising Disposable Income and Expenditure on Pet Products
- Use of Smart Technologies in Pet Products
- High Cost of Stainless Steel Pet Utility Products
- Changing Perception Towards Pet Hygiene and Care
- Growing Number of Local Manufacturers
- Demand for Non-Toxic and Not- Harmful Pet Utility Products
Some of the key players profiled in the report are Iris Usa Inc. (United States), Advanced Pet Products (United States), Costal Pet Products Inc. (United States), Nite Ize Inc. (United States), K & H Pet Products (United States), K T Manufacturing Inc (United States), Scott Pet Inc (Indiana), Platinum Pets (United States), TRIXIE Heimtierbedarf GmbH & Co. KG (Germany), Pet Products Innovations LLC (United States), Happy Pet Products Limited (United Kingdom), Sunshine Plastics (India), Cycle Dog (United States), MidWest Homes For Pets (Indiana) and Simply Fido LLC (United States). Considering Market by Sales Channel , the sub-segment i.e. Online Stores will boost the Pet Utility Products market. Considering Market by Animal, the sub-segment i.e. Dogs will boost the Pet Utility Products market. Considering Market by Product Material , the sub-segment i.e. Steel will boost the Pet Utility Products market.
In March 2019, Fi, a dog technology company launched the first Smart GPS Dog Collar. This is a dog's wearable product works that even on low power cell networks and is used as an emerging smart pet tracker.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Pet Utility Products market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Pet Utility Products market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Pet Utility Products Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms and Government Regulatory and Research Organizations.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.