Published Date: 23-Sep-2022
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According to a new report, published by KBV research, The Global Pet Training Services Market size is expected to reach $4.9 billion by 2028, rising at a market growth of 6.2% CAGR during the forecast period.
The Single segment has shown the growth rate of a CAGR of 8.5% during (2022 - 2028). Pet adoption is on the rise worldwide, and pet owners are becoming more aware of the value of pet training, which is creating lucrative growth opportunities for market players. As a result, there may be an increase in the number of local as well as domestic service providers who operate primarily through a single branch in a particular area.
The Dogs segment acquired maximum revenue share in the Global Pet Training Services Market by Pet Type in 2021 thereby, achieving a market value of $2.3 billion by 2028. Dogs can be trained to carry out a larger range of tasks, including guarding, finding explosives and drugs, helping the disabled, and searching and rescuing. The training fosters self-assurance, cerebral stimulation, and a close relationship between dogs and humans.
The Virtual segment is showcasing CAGR of 9% during (2022 - 2028). As more individuals explore methods to train their pets without needing to leave the comfort of their homes, virtual pet training services are growing in popularity. It can be an excellent method to keep a pet entertained and interested to use virtual pet training services, which provide a diverse range of activities that they can do with their pet.
The Standard segment is generating highest revenue share in the Global Pet Training Services Market by Purpose in 2021 thereby, achieving a market value of $3.1 billion by 2028. The increasing growth of the segment is ascribed to the increased costs associated with training pets for companionship, security, and entertainment purposes. During the forecast period, it is anticipated that the growing adoption of companion animals for company and entertainment would accelerate the expansion of this segment of the market.
The North America market dominated the Global Pet Training Services Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.8 billion by 2028. The Europe market is exhibiting a CAGR of 5.8% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 6.7% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of The Colgate-Palmolive Company (Hill's Pet Nutrition, Inc.), Best Friends Pet care, Inc., Highland Canine Training, LLC, Delta One Canines, Beyond the Dog, LLC, Big Valley Dog Training LLC, Camp Bow Wow (Mars, Inc.), Dog Gone fun, LLC, Every Dog Behavior and Training, and Family Dog Training Center.
By Pet Type
By Training Method
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