Pet Wearables Market Growth to be Propelled by Increasing Demand, 2019 - 2029
Verfasser: ashwani_kailiya on Wednesday, 18 September 2019Fact.MR delivers vital insights on the pet wearables market in its published report, titled “Pet Wearables Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018-2029”. In terms of revenue, the global pet wearables market is projected to expand at a CAGR of 7.5% during the forecast period, owing to numerous factors, which Fact.MR offers thorough insights and forecasts in this report.
As a leading economy, the U.S., which accounts for more than 80% of the North American market is focusing more on innovation across sectors including food, healthcare, consumer products, etc. The similar trend is observed in the pet wearables market. The major factor attributed to the growth of pet wearables market is the high concentration of players in the United States. The pet wearables market is poised to grow twice its current size during the forecast period. The major factors driving the growth of the pet wearables market are the upcoming innovative technologies such as NB-IoT, EEG sensors, pedometers, etc. Multiple players established in similar and associated industries have been developing products for the pet wearables market. Trends affecting the pet wearables market are primarily dependent on consumer preferences. The pet wearables market has observed multiple mergers and acquisitions in the recent past.