Pet Carriers Market

Pet Carriers Market Outlook (2023 to 2033)

The global pet carriers market is projected to have a slow-paced CAGR of 4.1% during the forecast period. The current valuation of the market is USD 866.1 million in 2023. The market value of the pet carriers market is anticipated to reach a high of USD 1,294.4 million by the year 2033. The top players are anticipated to have a market share of 5 to 8%, which has been recorded by the experts of Future Market Insights for the market concerned. A historical CAGR of 3.4% has been recorded as per the statistics.

Report Attribute	Details
Pet Carriers Market Value (2023)	USD 866.1 million
Pet Carriers Market Anticipated Value (2033)	USD 1,294.4 million
Pet Carriers Projected Growth Rate (2023 to 2033)	4.1%

The pet carriers market is witnessing an unprecedented surge in demand over the past few years owing to consumers’ increasing affinity towards their pets. Pet owners are very much inclined towards spending on pet premium products.

The escalating sanitation and safety concerns are set to propel the demand for pet carriers in the upcoming years. FMI analysts have also revealed that the upsurge in product sales is largely influenced by the rising trend of solo traveling, where the pet carriers provide a good amount of sturdiness and offer comfort to the bigger animals while traveling.

Therefore, the pet carriers market is likely to have significant growth during the forecast period.

A Contrast with the Historical Market Scenario

The global pet carriers market has progressed at a steady pace over the past few years. The market valuation has had a gradual rise from USD 830.4 million in 2022 to USD 866.1 million in the current year.

This rising market share of pet carriers is due to the escalating trend of the humanization of pets. There is a development in the standard of living among consumers owing to their rising disposable income and attainment of financial stability, which is further fueling the usage of pet carriers in developing countries.

There is a growth in demand for biodegradable and nature-friendly pet carriers, which is identified as a further market-propelling aspect behind the rise in market share from the base year to 2023.

Market-o-nomics: Identification of Potential Drivers and Restraints

While analyzing the pet carriers market, the experts at Future Market Insights have revealed that a large number of factors are fueling the growth of the market and are likely to impact the forum in a positive manner during the estimated study period.

However, the analysts have also identified certain curbing elements that are likely to inhibit the growth of the market during the forecast period.

DRIVERS

The influential factors identified in the market are:

• The rising pet adoption across the world is likely to fuel the growth of the market.
• A large number of animals are rescued and are being adopted by people staying alone, which is resulting in a surge in demand for pet carriers.
• The growing trend of humanization amongst pet adopters is positively impacting the pet carriers market.
• Rising disposable income is leading to a rise in the demand for premium and comfortable pet care products as they are considered a part of the family.
• Convenient carriage while traveling is propelling the market share of pet carriers.
• Growing awareness about pet security and comfort, coupled with an increase in the number of consumers accompanying their pets to work, is boosting the overall market growth for pet carriers.
• Innovations like climate-controlled interiors and cross ventilation in pet carriers are further bolstering the market expansion.

RESTRAINTS

Some of the factors likely to inhibit the growth of the market in the long run are:

• Lack of awareness amongst owners about advanced pet products in rural areas is likely to hamper the propulsion of the market to some extent during the forecast period.
• Strict authority restrictions in some countries are expected to limit the growth of the pet carriers market.
• The higher cost of high-quality products can limit the demand amongst the lower-income population and is likely to curb the forum's growth.

Category-wise Insights

Domineering Segments Jigging Up the Pet Carriers Market

Hard Kennels - By Product Type

The hard kennel segment is projected to record the highest number of sales during the estimated time period of study. It is projected that this segment is likely to advance at a CAGR of 3% through 2033.

Amidst the different segments like purse carriers, sling carriers, and more, hard kennels are witnessed to gain major traction amongst consumers due to factors like:

• It tends to keep the animals well protected inside.
• Hard kennels are preferred more during air travel, owing to their compact, lightweight, easy-to-carry nature, coupled with extra pouches to carry other pet care essentials.

Online Platforms - By Sales Channel

The online sales channel with numerous e-commerce platforms selling pet carriers is expected to earn maximum revenue during the forecasted timeframe. The global online platform segment for pet care products is anticipated to record a CAGR of 11.3% during the forecast period.

The reasons fueling the propulsion of this segment are identified as:

• Mobile adaptivity allows for a better customer experience and single-touch purchase options.
• User-friendly webpages with a wide range of pet carriers to choose from are gaining momentum amongst pet owners and increasing the popularity of e-commerce platforms worldwide.

Regional Outlook

Unraveling the Growth Outlook in Diverse Regions: North America, Europe, and the Asia Pacific

Region	North America
Statistics	North America is projected to prevail as the highest gainer in the pet carriers market. Dominating Country: USA Sales in the USA market are expected to record a CAGR of 3.5% over the assessment period.
Responsible Factors	The reasons underlining the growth of the pet carriers marker in this region are: Pets are considered part of the family, and consumers are ready to splurge hefty on pet products, increasing pet carrier usage. Consumers in the USA prefer decorative carriers that are comfortable and fashionable, further expanding the market size of pet carriers in this country.

Region	Europe
Statistics	Europe is anticipated to have steady growth over the period of study. It is one of the strongest markets, owing to the fact that Italy houses the world’s biggest pet population. Dominating Country: United Kingdom United Kingdom is projected to advance at a CAGR of 4.4% through 2033.
Responsible Factors	The factors attributing to the growth of the market in Europe are: Evolving demographic status, expanding the millennials ad elderly population is escalating the number of people living alone and uplifting the market position in the United Kingdom Pet carriers are emerging quite popular as they ensure constant touch with pet owners while traveling.

Region	Asia Pacific
Statistics	This region charts a fast-growing trajectory in the coming years. The Asia Pacific pet care market is projected to record a CAGR of 10% during the forecast period. Dominating Country - India
Responsible Factors	The factors contributing to the growth of the pet carriers market in this region are: Increasing preference for sustainable material-based pet carriers that reduce plastic wastage and provide ample comfort to pets. The Rising number of pet owners with a striking surge in disposable income fuels the growth of the market.

Start-up Ecosystem

New Entrants are Bolstering their Position in the Pet Carriers Market with Strategic Initiatives

The start-up companies in the pet carrier market are frequently innovating their product to incline with the safety demand of pet owners.

The new market players are focusing on curating pet carriers out of nylon and polyester materials due to the rising awareness of global warming and surging demand for nature-friendly and biodegradable pet carriers. They are continually making efforts to unlock favorable growth prospects and encash this market.

Top Start-Ups to Watch For

Dongguan Yantao Industrial Co. Ltd - China-based Start-up

This start-up is specializing in curating numerous premium pet products that include dog harnesses, pet beds, pet clothes, dog collars, pet carriers, and more. The firm is witnessing steady growth and is making efforts toward increasing its foothold in the global pet care products marketplace.

Carry My Pet - Indian Start-up

This start-up company is dedicated to curating pet carriers and pet delivery services while making sure that the pets face no inconvenience during their travel, in addition to boarding accommodation, and is likely to grab an incredible market share in the coming years.

Competitive Landscape

Biggies Revolutionizing the Pet Carriers Market

The fast-paced expansion of the e-commerce sector worldwide is creating lucrative opportunities for leading brands that are making rigorous attempts to bolster their consumer bases. People have relied on pets for happiness and emotional security through difficult times. This increased the sales of pet products creating a huge opportunity for the manufacturers and suppliers to increase their footprint in the pet carriers market.

The market leaders are involved in strategic collaborations, regional expansions, and new product launches to sustain the competition. Established organizations and large enterprises are leaning towards online business due to lesser expenditure on communication and infrastructure. Leading industry players are revolutionizing their product lines by developing carriers that are attractive carry-ons for adopters while yet offering optimal comfort and function for the pets.

Recent Developments

• Wild One's Everyday Carrier is an aesthetically eye-catching service for small dogs. The service is manufactured from recycled plastic water bottles. There are 3 outside wallets, and certainly considered, one among its wallets is for storing each canine and private stuff.
• In 2020, Paw & Pals developed their double-shoulder Pet Carrier Backpack that helps pets for long journeys. They are fully breathable and adjustable to give pets as much room as they need. It offers a built-in clip for their collar and added a simple drawstring for security.
• In 2021, Sleeko introduced the comfiest pet carrier bag, which keeps pets in bliss throughout their travel. It has sufficient ventilation on the sides and top to ensure great airflow, soft sides to turn up the comfort, and an ultra-plush fleece bedding pad that the pup or kitty will love. There is an extra fleece pad to ensure that one hand is always on the carrier to guarantee pet safety.
• EliteField, a leading designer and manufacturer of a wide range of pet products, such as metal dog crates, soft dog crates, soft pet carriers, cat trees, pet beds, and so on, made with high-quality materials to ensure their durability and safety of pets.
• Pet Gear Inc. is a branch of Vermont Juvenile Furniture that has been manufacturing products to take care of pets and deals in pet carriers in a comfortable and affordable setting.

Some of the key players proliferating in the market are

• PAWS AND PALS, INC.
• MidWest Homes for Pets
• Ferplast S.p.A.
• EliteField LLC.
• Pet-Tom.
• Pet Gear Inc.
• Coastal Pet
• Pet Life
• Worldwise, Inc.
• Doskocil Manufacturing Company, Inc.

Key Segments in the Pet Carriers Market

By Product Type:

• Purse carriers
• Sling carrier
• Hard Kennel
• Other Product types

By Material Type:

• Polyester
• Nylon
• Fur
• Others (Plastic)

By Pet Type:

• Dogs
• Cats
• Others

By Sales Channel:

• Supermarkets
• Specialty Stores
• Online stores
• Other stores

By Region:

• North America
• Latin America
• Asia Pacific
• Middle East and Africa
• Europe

Frequently Asked Questions

What is the Pet Carriers Market CAGR for 2033?

The pet carriers market CAGR for 2033 is 4.1%.

How Big Will the Pet Carriers Market by 2033?

The market is estimated to reach USD 1,294.4 million by 2033.

How Key Players are Developing the Pet Carriers Market?

Key players in the pet carriers market are developing it by entering new markets.

What is the Current Pet Carriers Market Valuation?

The market is estimated to secure a valuation of USD 866.1 million in 2023.

Who are the Three Key Players in the Pet Carriers Market?

The key market players are PetSafe, MidWest Homes for Pets, and Sherpa.