New York, 01 July. 2022 (GLOBE NEWSWIRE) — According to the report published by Next Move Strategy Consulting, the global pet care robot market generated USD 1.41 billion in 2021 and is expected to raise USD 3.65 billion by 2030, growing at a CAGR of 11.2% from 2022 to 2030. Featuring in-depth analysis and detailed explanation of every aspect of the market in 234 pages, the report becomes a rich source of information with 314 tables and 158 figures. The report provides a comprehensive analysis of key segments, market estimates, regional and country share, drivers and opportunities, and major market players.
Along with offering in-depth market share analysis and estimates, the research highlights the impact of the Covid-19 pandemic and its effects on the global Pet Care Robots market size. This information is useful for designing strategies and achieving growth during the post-pandemic period and subsequent years.
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|Market size in 2021||$1.41 billion|
|Market size in 2030||$3.65 billion|
|Number of pages||234|
|Segments Covered||Product type, distribution channel, application and region.|
|Drivers||Increased awareness of animal welfare and welfare|
|The penetration of robotic technology to solve pet health problems|
|Opportunities||The introduction of Internet of Things (IoT) technology for pet care|
|Steady rise in adoption of pet health tracking solutions|
The report offers a detailed account of the driving factors, restraining factors, and opportunities occurring in the global Pet Care Robots market. Rising awareness of animal welfare and wellness along with the penetration of robotic technology to address pet health issues is driving the growth of the market. Also, increasing spending on pet care products by owners is a major factor complementing the growth of the market. On the other hand, the lack of knowledge about robotic monitoring solutions for pet care is limiting the market growth to some extent.
Describing potential opportunities in the pet care robot industry, Senior ICT & Media Category Analyst at Next Move Strategy Consulting, said, “The introduction of Internet of Things technology ( IoT) for pet care and the steady rise in the adoption of health tracking pet solutions present potential opportunities for the market.
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The report provides an in-depth analysis of key segments of the global pet care robots market. This information is valuable in determining the performance of key segments and their sub-segments, and the estimates will help decide the future course of action. The key segments assessed in the report are product type, distribution channel, application, and region. On the basis of product type, the report divides the market into stationary robot and mobile robot. Based on the distribution channel, the research further categorizes the market as online and offline. Based on application, the research sub-segments the market into video recording and monitoring, pet feeding, pet entertainment, and self-cleaning.
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Based on region, the report subdivides the global pet care robots market into North America, Europe, Asia-Pacific, and RoW. According to the analysis of the report, North America held the highest share in terms of revenue in 2021 and will continue to dominate during the forecast period. This is attributed to the increase in the number of pet lovers in the region, the availability of an extensive distribution network for robotic products, and the increase in spending on pets. However, the Asia-Pacific region will witness steady growth over the forecast period. This is attributed to the adoption of robotics for various pet care activities including pet entertainment, pet feeding and others. Moreover, the emergence of IoT technologies such as robotic video surveillance, automated robots for control and defense, and others are also contributing to the regional growth.
Through tabular and graphical representations, the research analyzes each aforementioned segment and sub-segment on the basis of regions and their respective countries. This information can be consulted to determine the strategies to adopt and the steps to take before entering a regional market. To expand the market share of pet care robots, this information is found to be most valuable.
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The report describes the competitive scenario of the global Pet Care Robots Market in detail. The portfolio and detailed information of major market players such as RobotShop Inc., Pawly, Smartpaw, Pebby Corporation, Pawbo, Whisker, Pumpkii, Rocki, Guru IOT, and Petsafe are mentioned in the research. The report offers information about the product portfolio and major competitors of market players. This information is useful to investors in determining the feasibility of the investment.
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