Animal Safety Devices Market Share

Geographically, the animal safety devices market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. Asia Pacific is estimated to account for largest revenue share by 2036, owing to factors such as increasing awareness related to pet fitness and health, and rise in adoption of domestic animals in countries such as India and Australia.

North America Market Analysis

Furthermore, the animal safety devices market in North America is evaluated to occupy the largest share during the forecast period on the back of high penetration of activity and fitness monitoring devices for pets, growing pet expenditure, and rising awareness of pet health in the region. As per the analysis of American Pet Products Association’s National Pet Owners Survey, in the United States, pet expenditure in 2018 was $72.56 billion and it rose to S75.38 billion 2019. In addition, the market in Europe is also anticipated to occupy a significant share in the market on account of intensifying concerns for pet safety and increasing incidences of pet theft in the region.

Frequently Asked Questions (FAQ)

Animal Safety Devices Market size is likely to register remarkable growth rate during the forecast period i.e., between 2024-2036.

Rising adoption and expenditure on medical diagnosis for pets and increasing demand for GPS-based safety devices will fuel the market growth.

Asia Pacific is estimated to account for largest revenue share by 2036, owing to factors such as increasing awareness related to pet fitness and health, and rise in adoption of domestic animals in countries such as India and Australia.

The major players in the market include Allflex USA Inc., Avid Identification Systems Inc., Datamars Inc., Fitbark among others.

Animal Safety Devices Market Share