Dec 10, 2019

Global pet toys and training market expands

Research Nester released a report titled Pet Toys & Training Market – Global Demand Analysis & Opportunity Outlook 2027, which also included some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model.

American Pet Products Association (APPA) National Pet Owners Survey, in one of its reports stated that in the U.S. pet toys expenses for dogs and cats peaked to $79.00 spent annually in 2019-20 from a total of $64.00 spent annually in 2013-14. Additionally, pet owners of dogs and cats spent almost 15% for kennel boarding and 3% for toys out of total of some of the basic annual expenses during the period 2019-20 according to the statistics of the survey report.

The global pet toys & training market is anticipated to record a robust CAGR during the forecast period from 2019-2027. The market is segmented by animal type into dogs, cats, birds and others. Among all the segments, dog segment is anticipated to hold the largest market share on the back of pet owners preferring dogs for their loyal behavior and like being around humans. Additionally, dogs are often referred to as “man’s best friend.” APPA National Pet Owners Survey, a statistical survey report, stated that during the year 2018, 63.4 million of U.S. households owned a dog and the total of some of the basic annual expenses for the pet was around $1381.00 annually.

Geographically, the global pet toys & training market is segmented by five major regions into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa region, out of which, North America is anticipated to hold the largest market share owing to high inclination for the adoption of pets by pet owners in the nations of Canada and the U.S. Around 67% of U.S. households owned a pet, which is around 84.9 million homes, according to the 2019-2020 APPA National Pet Owners Survey.

However, concerns for lack of knowledge of pet owners for being unable to use the toys properly for greater efficiency of the pet toys to the pet is estimated to act as a barrier to the growth of the global pet toys & training market.

This report also studied existing competitive scenario of some of the key players of the global pet toys & training market, which includes profiling of KONG Company, Chuckit! Toys, Radio Systems Corporation, Benebone LLC, Doskocil Manufacturing Company, Inc. dba Petmate, Coastal Pet Products, MammothPet, Petsport USA, Inc., McCann Pet Group, and Shanghai Xinjian Pet Product Co., Ltd.

For more information, or to request a report, visit www.researchnester.com/sample-request-2168.