Dublin, Jan. 23, 2023 (GLOBE NEWSWIRE) — The “Global Pet Boarding Market Size, Share & Industry Trends Analysis Report by Services, Pet Type, Regional Outlook and Forecast, 2022-2028” report has been added to ResearchAndMarkets.com’s offers.
The Global Pet Boarding Market size is expected to reach $28.3 billion by 2028, rising at a market growth of 6.5% CAGR during the forecast period.
For pets, who may require more exercise and socialization, daycare facilities with more cage-free time throughout the day are perfect. By fostering social relationships, which is beneficial for their long-term wellbeing, a pet may also eventually benefit their health. These experts take on the role of pet parents while their dog is being boarded, making sure they are taken care of until the pet owners return to pick them up.
This would involve giving the puppy enjoyment, exercise, and activities, as well as food or medicine (if required), all according to the instructions, and trying to make sure the puppy feels at home. If everything the dog likes and needs is accessible, they will feel at ease while staying at the boarding facility.
Professionals are increasingly choosing to delay starting families or forego having kids altogether. More and more pet owners are nurturing their animals like children. Pets are becoming more than just members of the family. Sometimes they serve as the family. People are willing to spend money to have their loved ones treated in a setting that is similar to their own.
COVID-19 Impact Analysis
The COVID-19 outbreak had a negative impact on the pet services industry, especially in 2020. Owing to lockdowns and social distancing standards, pet services have closed or had limited access, which has had a detrimental impact.
According to PocketSuite, a mobile-first, business management platform for pet service providers, main players saw a large decline in appointments & payment volume at the beginning of the pandemic. But as things are getting back to normal just like the pre-COVID phase, people start working from the office and hence, the demand for pet boarding services will accelerate in the coming years.
Market Growth Factors
Growing trend of a pet companion
Numerous benefits of owning a pet include improved health. They may increase opportunities for people to interact with others, go outside, and exercise. Regular pet interactions and walks can decrease blood pressure, cholesterol, and triglyceride levels. Pets can help in the management of loneliness and anxiety by offering companies to people.
It has been shown in several studies that being around dogs makes people happier and less unhappy. Therefore, connecting with pets provides short-term psychological and physical benefits that are evident instantly.
Expanding working population is creating more demand for pet care services
There is an increase in the working professionals across various developing and developed nations. Due to this, people have to move out of their homes and worry about their pets’ health and care.
This has contributed to the popularity of pet boarding services in the market. Pets learn a lot of new things that they would never have learned before due to the boarding services. For example, when people board a new pet, they need to get to know their personality, learn how to get along with them while also respecting their boundaries, and ensure that they are getting enough food, getting enough sleep, and continuing to lead a healthy lifestyle.
Market Restraining Factors
High fees of pet boarding would hamper the market growth
The high cost of pet boarding is one of the main factors impeding the market’s expansion. The cost of opting for a daycare facility to take care of a pet is high.
Plus, the price of these facilities increases when specific instructions are involved. It may be exceedingly challenging for people in both developed and underdeveloped nations to train their dogs. A pet can also get sick or hurt at any time, and veterinary treatment can be quite expensive. Moreover, the parent needs to account for the price of preventive treatment, such as the cost of immunizations, spaying or neutering, and yearly checkup costs.
Key Topics Covered:
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
18.104.22.168 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Global Pet Boarding Market by Services
3.1 Global Group Play Sessions Market by Region
3.2 Global Exercise Market by Region
3.3 Global Pet Sitting Market by Region
3.4 Global Poolside Daycare Market by Region
3.5 Global Others Market by Region
Chapter 4. Global Pet Boarding Market by Pet Type
4.1 Global Dog Market by Region
4.2 Global Cat Coatings Market by Region
4.3 Global Others Market by Region
Chapter 5. Global Pet Boarding Market by Region
Chapter 6. Company Profiles
6.1 Best Friends Pet Care, Inc.
6.1.1 Company Overview
6.1.2 Recent strategies and developments:
22.214.171.124 Partnerships, Collaborations, and Agreements:
126.96.36.199 Geographical Expansions:
6.2 Camp Bow Wow (Mars, Inc.)
6.2.1 Company Overview
6.3 Carey Pet & Home Care
6.3.1 Company Overview
6.4 Dogtopia Enterprises, LLC
6.4.1 Company Overview
6.4.2 Recent strategies and developments:
188.8.131.52 Partnerships, Collaborations, and Agreements:
184.108.40.206 Geographical Expansions:
6.5.1 Company Overview
6.6 Puss ‘n’ Boots Boarding Cattery Pty Ltd.
6.6.1 Company Overview
6.7 Urban Tails Pet Resort
6.7.1 Company Overview
6.8 Pet Station Group
6.8.1 Company Overview
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