Product ID: UCMIG35E2053
Report ID:
UCMIG35E2053 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The 2022 global market size for pet boarding services reached a value of USD 6.72 billion, and it is anticipated to witness substantial growth with a promising compound annual growth rate (CAGR) of 8.30% from 2023 to 2030. The expansion of this market can be attributed to several key factors, including the increasing popularity of pet boarding and daycare services, the ongoing rise in pet ownership and the trend of humanizing animals, as well as the growing pet care expenditures in both developed and developing nations. Additionally, market growth is being further propelled by the strategic initiatives undertaken by major industry players.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Facilities by segment aggregation, the contribution of the Health Care Facilities in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG35E2053