The U.S. Pet Wearable Market: Overview
Majority of pet owners from across the U.S. are growing emphasis on the health and wellbeing of their pets. This factor is expected to create promising sales opportunities for players operating in the U.S. pet wearable market during the forecast period of 2020 to 2030.
The upcoming research report by TMRR intends to offer in-depth study of major facets influencing the growth curve of the U.S. pet wearable market. Thus, this study gives comprehensive analysis of crucial factors such as drivers, growth opportunities, R & D activities, challenges, and trends in the market for the U.S. pet wearable. Moreover, it also gives access to vital statistics such as volume, share, production, sales, and revenues of the market.
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The analysts of this research report have performed segmentation of the U.S. pet wearable market based on different important aspects such as technology, application, and region. Based on technology, the market for U.S. pet wearable is divided into three major parts, namely, GPS, RFID, and sensors.
The U.S. Pet Wearable Market: Growth Dynamics
Behavior monitoring & control, facilitation, safety & security, identification & tracking, and medical diagnosis & treatment are considered some of the key applications of the product from the U.S. pet wearable market.
Over the period of past several years, the trend of companion ownership is increasing across the globe, specifically in many developed countries such as the U.S. This factor is estimated to boost the demand opportunities in the U.S. pet wearable market in the forthcoming years. This aside, increased pet adoption for several other purposes such as entertainment, mental wellbeing, and fitness are projected to fuel the sales avenues in the market for the U.S. pet wearable in the years ahead.
The disposable income of major population from the U.S. is increasing. This factor is allowing this populace base to increase their spending on their pets. Moreover, major pet owners in the country are growing adoption of advanced technologies in their day-to-day lives. These factors are anticipated to bring extensive expansion opportunities for players operating in the U.S. pet wearable market in the years to come.
In recent years, the use of GPS-enabled wearable devices increasing among pet owners in order to keep themselves updated about their pets’ locations. The technology utilizes different smartphone applications and helps users in finding out their lost or stolen pets. The demand for pet wearable devices is increasing in order to achieve security and monitoring activities. These factors are creating notable growth prospects in the market for the U.S. pet wearable.
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The U.S. Pet Wearable Market: Notable Development and Competitive Analysis
To sustain in the highly competitive landscape of the U.S. pet wearable market, major players are utilizing diverse strategic moves such as strategic partnerships, collaborations, and mergers and acquisitions. Moreover, many companies in the market for the U.S. pet wearable are growing emphasis on the launch of innovative and advanced products. The move is helping players to strengthen their product portfolio.
Several enterprises in the U.S. pet wearable market are growing focus on investments in the R & D activities. The move is helping players to develop new products. These activities are indication of prominent growth of the U.S. pet wearable market in the forecast period of 2020 to 2030.
Some of the key players in the global U.S. pet wearable market are:
- Konectera Inc.
- Allflex USA Inc.
- Avid Identification Systems, Inc.
- Intervet Inc.
- Garmin Ltd.
- Link AKC
- Invisible Fence
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