The global mobile pet care market offers pet care services such as grooming, feeding, exercising, and visiting services at customer's home or preferred location. These services provide convenience to pet owners who have busy schedule and cannot take their pets to veterinary clinics or daycare.
The global mobile pet care market is estimated to be valued at US$ 641.4 Mn in 2023 and is expected to exhibit a CAGR of 8.1% over the forecast period 2023-2030, as highlighted in a new report published by CoherentMI.
Market Opportunity:
The growing convenience offered by mobile pet care services is expected to drive the market growth over the forecast period. Busy lifestyle and hectic schedules leave pet owners with less time to take care of their pets. Mobile pet care providers offer on-demand services such as grooming, training, walking, feeding and other day-to-day pet care needs at customers’ preferred location and time as per their convenience. This avoids the hassle of transporting pets to clinics or daycares and allows owners to focus on their work without having to compromise on their pet's well-being. The convenience provided is expected to attract more customers and propel the global mobile pet care market expansion.
Porter’s Analysis:
Threat of new entrants: Low. It requires good networking, skill and experience in the pet care field to start a mobile pet care business. Existing players have established brand image and clientele.
Bargaining power of buyers: High. Buyers have many mobile pet care service providers to choose from depending on service quality, pricing and location.
Bargaining power of suppliers: Low. Labor and raw material costs constitute a major part of the overall costs for mobile pet care businesses.
Threat of new substitutes: Low. There are limited substitutes available for personalized on-location pet care services provided by mobile pet care businesses.
Competitive rivalry: High. The global mobile pet care market has presence of numerous global and regional players competing on variables like service quality, reliability, branding and pricing.
SWOT Analysis:
Strengths: Personalized services, convenience to pet owners, wide service options including grooming, training, walking, feeding.
Weaknesses: Reliance on skilled labor, high start-up and operational costs, limited economies of scale for small players.
Opportunities: Untapped rural markets, pet humanization leading to more pet care spending, tie-ups with veterinary clinics and pet stores.
Threats: Intense price competition from local substitutes, regulations around pet transportation/handling, economic slowdowns affecting discretionary spending.
Global Mobile Pet Care Market Segmentation:
- By Service Type
- Veterinary Care
- Vaccination
- Diagnostic and Imaging Tests
- Others (Physical Heath Monitoring, etc.)
- Mobile Pet Grooming
- Bathing
- Hair Trimming
- Nail Clipping
- Others (Ear Cleaning, etc.)
- Mobile Pet Daycare
- Others (Mobile Pet Training, etc.)
- By Animal Type
- Dogs
- Cats
- Birds
- Others (Fish, Horses, etc.)
- By End User
- Individual
- Commercial
Key Takeaways:
The Global Mobile Pet Care Market Size is estimated to be valued at US$ 641.4 Mn in 2023 and is expected to exhibit a CAGR of 8.1% over the forecast period 2023-2030.
North America represents the largest regional market for mobile pet care services currently owing to high pet ownership and spending on pet care in countries like the US and Canada. However, Asia Pacific region is expected to witness the fastest growth going forward led by developing pet care industry and rising nuclear families in nations like India, China and Japan leading to more demand for convenient pet care solutions like mobile services.
Key players operating in the global mobile pet care market are PetSmart, Petco, Hollywood Feed, Pet Paradise, Aussie Pet Mobile, Purrfect Pet Services, Holistic Hound, My Pet Mobile Vet, Dial a Dog Wash, House Paws Mobile Vet, Mobile Mutts, Paw Pals Pet Sitting, Pet Calls Mobile Veterinary, Shelter to Sofa Mobile Grooming, The Pooch Mobile, Wags Mobile Pet Grooming, Walkin' Pets by HandicappedPets.com, Mobile Pet Vet, LLC, Vet Care Pet Clinic, and Family Veterinary Inc.
Get More Insights on This Topic : https://www.coherentmi.com/industry-reports/global-mobile-pet-care-market
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