29-Mar-2023 | Zion Market Research
The global pet travel services market size was worth around USD 800 Million in 2022 and is predicted to grow to around USD 1290 Million by 2030 with a compound annual growth rate (CAGR) of roughly 5.39% between 2023 and 2030.
Pet travel services are related to activities that surround the transportation of animals, especially domesticated animals also known as pets. These services include scheduling pick-and-drop or concierge assistance for animals which includes international or domestic travel, pet relocation, or veterinary visits. Transportation generally occurs using airplanes or cars. The most common and widely accepted aspect of pet travel requires the production of health certificates, import permits, vaccinations certificate, and rabies titer tests. Certain breeds of animals cannot be transported in certain regions which is influenced by the high risk of pet travel. Furthermore, service providers have to ensure that they obtain the necessary licensing from issuing bodies before they can act as registered pet travel service agents. There are several laws that govern international travel for animals. For instance, the International Air Transport Association has set minimum standards that have to be adhered to for transporting live animals across borders.
The global pet travel services market is projected to grow owing to the increasing demand for pet inclusivity from pet owners. The world is witnessing a shift in how animals are treated including stay and transportation. Pet owners are becoming increasingly aware of their rights and demand better inclusivity. Various international and domestic bodies around the world are working consistently to ensure that animals do not suffer from any mistreatment while being cared for at home or during transportation from one location to another. Numerous registered pet shippers specialize in pet shipping since they require special attention and the process is vastly different from human transportation.
Additionally, pet tourism is registering exponential growth due to several factors including a growing number of families willing to spend extra money for traveling with pets along with changing attitudes. The increasing investments in the development of pet-friendly infrastructure across developed and developing countries are also a major cause for global industry growth. This is further encouraged by the rise in the number of players providing excellent services at reasonable prices.
However, there are several issues that can impede the global sales volume in the pet travel services industry during the projection period. Factors like increasing animal death rates while transportation along with the rise in the missing rate of pets are a cause of concern. For instance, United Airlines recorded the death of nearly 75% of the animals being carried between 2015 and 2017. Other issues like increased rate of health issues depending on animal breed while transportation can also cause less revenue. Dog breeds like pugs and bulldogs or personal cats are known to be extremely sensitive to respiratory issues. During pet shipping, the short nasal passage can make them vulnerable to situations in which there is a scarcity of oxygen causing them to suffer from heat stroke.
The growing innovation could provide growth opportunities while maintaining service quality may act as a challenge during the expansion phase.
The global pet travel services market is segmented based on travel type, pet type, booking type, application, and region
Based on travel type, the global market is segmented into international and domestic.
Based on pet type, the global market divisions are cats, dogs, and others.
Based on booking type, the pet travel services industry is segmented into offline bookings and online bookings.
Based on application, the global market is divided into relocation and transportation.
North America is anticipated to lead the global pet travel services market with the US emerging as the regional leader. The growth may be driven by the rise in the number of pet parents across the country along with increasing demand for pet inclusivity. The high disposable income in the region allows them to spend extravagantly on traveling with pets. Asia-Pacific is projected to emerge as a lucrative market given the increasing population and the subsequent rise in pet adoption. The growing initiatives undertaken by domestic animal agencies to create pet-friendly travel and stay services could cause higher regional growth. Rapid tourism advancements in India, China, Japan, and South Korea are expected to emerge as appealing factors for growth.
This review is based on a report by Zion Market Research, titled “Pet Travel Services Market By Travel Type (International and Domestic), By Pet Type (Cats, Dogs, and Others), By Booking Type (Offline Bookings and Online Bookings), By Application (Relocation and Transportation), 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-services-market
The global pet travel services market is led by players like:
By Travel Type
By Pet Type
By Booking Type
By Application
By Region
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