12-Apr-2023 | Zion Market Research
The global pet travel bags market size was worth around USD 826.29 Million in 2022 and is predicted to grow to around USD 1151.13 Million by 2030 with a compound annual growth rate (CAGR) of roughly 4.4% between 2023 and 2030.
The pet travel bag industry is a sub-segment of the pet industry that solely focuses on designing, manufacturing, and distributing traveling bags, especially for pets. It offers comfort and safety to the pets while enclosed in the bags. The industry is inclusive of bags like carriers, crates, strollers, and backpacks. It enables pet owners to carry their pets with them on different modes of transportation across road trips, flights, or other forms of travel. The products are designed to cater to the needs of all kinds of pets like dogs, cats, birds, and small animals. Certain manufacturers produce products that can be used for larger breeds of animals as well thus improving the inclusivity in the industry.
The global pet travel bags market is expected to grow owing to the rising disposable income in the consumer group allowing them to spend more on items that may not be absolute but a requirement at least for pet owners. Furthermore, with the growing acceptance of pets during traveling amongst transport service providers like airlines, ships, and trains, the number of people traveling with pets has increased multifold.
The types of bags have also undergone massive transformation and the growing range of products is a prime example of this effect. For instance, the launch of airline-approved bags, rolling carriers, and backpacks are different types of products available for use. These factors work in the favor of the pet travel bag industry. Additionally, the rising trend of considering pets as humans and treating them with equal care is important to the industry. Pets are increasingly viewed as family members and pet owners are willing to invest in products that enable them to bring their pets with them on trips. The number of product innovation activities undertaken by the manufacturers to tap into a larger consumer group is also essential for the market.
However, the global pet travel bag industry also faces certain growth restrictions, especially in terms of changing travel trends across the world. The demand for pet travel bags is a prerogative of pet owners since it entirely depends on their intentions leading to higher growth in particular segments. For instance, if more people are traveling internationally, then the demand for airline-authorized bags would be more. Moreover, the industry is relatively nice and certain regions lack the necessary level of product awareness along with availability. This could further limit industry growth, especially in remote areas.
The growing impact of online sales channels may provide excellent growth opportunities while the intense competition could challenge market growth.
The global pet travel bags market is segmented into pet types, product types, distribution channels, and regions.
Based on pet types, the global market segments are dogs, cats, and others. The industry witnessed the highest growth in the dog segment since they are the most widely accepted form of pet. The popularity of dogs is across the globe. As per the American Pet Products Association, in 2020, 63.4 million households in the United State owned dogs while cats were adopted as pets in around 42.7 million households. This is an indicator of which segment leads the industry growth. Other pet types like birds, rabbits, and reptiles are also popular but not all countries allow keeping these animals as pets further restricting segmental growth.
Based on product type, the global pet travel bag market divisions are hard kennel, soft side bag, sling carrier, and backpack. In most cases, the demand for soft-side bags is higher in the industry owing to the popularity of these bags. The high demand is a consequence of the flexible design and lightweight of the bags as compared to their counterparts. These aspects make the bag more travel friendly. Soft side bags are made of products with higher durability, such as nylon, and offer features like easy access to the pet owner, mesh windows, and ventilation. A typical soft-sided pet carrier bag can carry a weight of 20-30 pounds.
Based on distribution channels, the global market divisions are specialty stores, supermarkets & hypermarkets, e-commerce, and others.
The global pet travels bags market is expected to be dominated by North America with the US and Canada leading the regional market. The high rate of pet ownership is a major reason for regional growth. It boasts one of the highest pet ownership rates worldwide, with a large proportion of households owning at least one pet if not more. This directly translates to a large market for pet travel bags and other pet-related products. Additionally, the rising focus on animal safety and care could result in higher revenue. Factors like the strong presence of the e-commerce segment in terms of product distribution high disposable income and the presence of key players work in the favor of the regional market.
This review is based on a report by Zion Market Research, titled “Pet Travel Bags Market By Pet Types (Dog, Cats, and Others), By Product Type (Hard Kennel, Soft Side Bag, Sling Carrier, and Backpack), By Distribution Channel (Specialty Stores, Supermarkets & Hypermarkets, E-Commerce, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2023 – 2030.”- Report at https://www.zionmarketresearch.com/report/pet-travel-bags-market
The global pet travel bags market is led by players like:
By Pet Types
By Product Type
By Distribution Channel
By Region
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