Introduction of Pet Transport Service
The growing worldwide mobility of pet owners and the increasing globalization of society are important drivers. Pet transport services are increasingly in demand as more people and families cross international borders. Due to this factor, there is a significant opportunity for service providers to broaden their clientele and meet the rising need for easy cross-border pet travel.
These developments empower businesses to offer better-tailored solutions, which, in turn, contribute to the growth of the pet transport travel type industry.
For instance, for over 30 to 50 years, some of the biggest players in the industry, like Airpets International and Pets Abroad UK, have offered various domestic and international travel options for pets.
(Source:www.thisoldhouse.com/storage-organization/reviews/pet-shipping-companies)
Market Dyanmics of Pet Transport Service Market
What are the Major Trends in the Pet Transport Service Market?
- Increasing Pet Owner Demand for Pet Inclusion and Expanding Pet Tourism to Provide Viable Market Output
Pet owners’ increased demand for pet inclusion is expected to drive growth in the worldwide pet travel services industry. The globe is seeing a transformation in how animals are treated, including how they are housed and transported. Pet owners are becoming more conscious of their rights and calling for inclusion. Worldwide, various international and domestic organizations work tirelessly to guarantee that animals are not mistreated while being cared for at home or transported from one area to another.
Furthermore, pet tourism is seeing exponential growth due to various causes, including an increasing number of families ready to pay extra money for traveling with pets and changing attitudes. Increased investment in creating pet-friendly infrastructure in developed and developing countries is also a major driver of worldwide business growth. This is aided further by the increase in players offering quality services at reasonable pricing.
In the United States and Canada, more than 50 pet travel companies are recognized by the International Pet and Animal Transportation Association (IPATA).
(Source:www.ipata.org/)
The Factors are Limiting the Market Growth for Pet Transportation
- Increased Animal Death Rates While Travelling to Hinder Market Growth
However, the global sales volume in the pet travel services sector may be hindered by several factors throughout the projection period. Concern should be expressed over factors including rising pet missing-pet rates and animal fatalities during transportation. For example, between 2015 and 2017, United Airlines noted that approximately 75% of the animals it transported died. Less revenue may also result from other problems, including the frequency of animal health problems varying by breed and transportation.
Impact Of COVID-19 on the Pet Transportation Services Market
Due to travel restrictions and adjustments to air travel regulations, the COVID-19 pandemic has substantially influenced the market for pet travel services, causing a fall in demand for pet airlines and transport businesses. As a result of regulatory changes, several airlines have stopped offering pet travel services, and it is now harder and more expensive to transport pets internationally. But as pet adoption and fostering have increased, and people have relocated, there has been a rise in demand for pet transportation services. It is anticipated that as the world adjusts to the epidemic, the market for pet travel services will change.
Top Companies Market Share in Pet Transport Service Market Report 2023 Industry: (In no particular order of Rank)
- American Airlines
- Amerijet
- Air Animal Inc
- Animal Motel
- Animal Airways
- CARRYMYPET
- Copa Airlines
- Delta Air Lines
- DSV
- FedEx
- Fly Pets PetRelocation Inc.
- IAG Carg
- International Pet and Animal Transportation Association (IPATA)
- Lan Cargo S.A.
- Pet Travel Inc.
- PetSino Happy Tails Travel Inc.
- Pacific Pet Transporters
- Pet Air Carrier LLC
- Pets By Air
- PetSpot
- Southwest Airlines
- The Caribbean Pet
- United Airlines
- World Pet Travel
Competitive Landscape of Pet Transport Service Market
The market for pet transport services is highly competitive and diverse. It includes a range of suppliers, from large global corporations to smaller specialized businesses. Due to globalization and technological advancement, there is intense competition among firms to offer cutting-edge solutions, interpreting, and numerous travel types.
Pet Transport Service Market News
December 2021: CarePod, a company that offers specialized pet travel goods and services like pet travel boxes and tracking technologies, and Delta Airlines have announced their alliance. This collaboration with CarePod, the first of its type for a US airline, aims to increase the security and comfort of pet travel on Delta flights.
February 2023: A US-based online retailer of pet food and other products called Chewy Inc. estimates that about 977,202 pets were adopted in the US in 2021, resulting in the highest adoption rate in the previous six years of 61%.
(Source:nielseniq.com/global/en/insights/education/2022/pet-category-omni-opportunities/)
Pet Transport Service Market Report 2023 Analysis
Global Pet Transport Service Market Report 2023 talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Pet Transport Service Market Report 2023 Industry growth. Pet Transport Service Market Report 2023 has been segmented with the help of its Pet Type, Application Travel Type, and others. Pet Transport Service Market Report 2023 analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
By Pet Type, the Dogs Segment Dominate the Pet Transport Travel Service Market
According to Cognitive Market Research, dogs are the most frequently traveled in the pet transport travel services market. Dogs have been a popular travel companion choice among pet owners because they are inherently friendly and active. They are practical because they are flexible and simple to adapt during extended journeys. Due to the growing popularity of dogs as travel companions, hotels and other travel destinations are forced to offer more dog-friendly amenities.
Cats are the second-most used product. While dogs rule the market, cats are still necessary for some pet transport travel services. With over 200 million cats held in households globally, the cat segment of the industry has developed into a valuable and expanding niche. Cat owners increasingly seek safe and comfortable travel solutions for their feline companions.
- Cats
- Dogs
- Birds
- Others
By Application, the Personal Segment Dominate the Pet Transport Service Market
Personal is the most popular pet transport travel service market based on their needs; people may employ pet transportation services for various reasons. Owners of pets might be relocating to a new residence and require assistance acclimating their animals to the new setting.
According to Cognitive Market Research, commercial is the second-most popular product. Commercial pet transport businesses provide various services, including door-to-door pickup and delivery, climatized travel, and a veterinarian who has approved care.
- Personal
- Commercial
Pet Transport Service Market Report 2023 Travel Type Segment Analysis
By Travel Type, the domestic travel Segment dominate the pet transportation services Market
The domestic is the pet transport travel service market’s most popular. Because pet ownership is becoming more popular in industrialized nations, the domestic market has generated the biggest revenue share. The propensity of consumers to spend more money and time on the health and happiness of their dogs has increased as a result of this trend, which has increased demand for a variety of pet-related goods and services, including grooming, boarding, and kennel services.
According to Cognitive Market Research, international travel is the second-most popular product. The market is expanding quickly due to the trend of pet humanization, which has led to an increase in pet owners taking their animals on vacations. This trend has also led to a rise in the need for specialized pet travel services to meet the particular requirements of pets traveling abroad.
- Domestic Travel
- International Travel
Pet Transport Service Market Report 2023 End Use Segment Analysis
By End Use, the Online & Phone Bookings Segment dominate the pet transportation services Market
According to Cognitive Market Research, online and phone booking types are the most extensively used product in the pet transport travel service market. Traveling with pets, the rise in the number of pet owners willing to pay extra for leisure excursions and family vacations involving their cherished companion animals can be ascribed to this growth.
According to Cognitive Market Research, offline bookings are the second-most popular product. The need for some pet owners to obtain quotations from several service providers before booking, the preference of some pet owners to speak with a live person when making a pet transport service reservation, and the fact that some pet owners are unaware of the availability of online booking choices.
- Online & Phone Bookings
- Offline Bookings
The North American Pet Transportation Services Market Dominate the Largest Share of Global Market
According to Cognitive Market Research, North America dominated the market in 2022 and accounted for a share of more than 36% of the global revenue due to several variables. This portion can be attributable to the rising cost of pets and a sizable pet population, respectively. Additionally, several regional providers provide a substantial number of cutting-edge For instance, the International Pet and Animal Transportation Association (IPATA) has more than 50 pet travel companies licensed in the United States and Canada.
The United States Pet Transportation Services Expected to Grow at the Fastest Growth Rate During the Forecast Period
According to Cognitive Market Research, due to its significant economic size, vast global corporate presence, and diversified population, the United States is anticipated to hold a strong position in the North American area. Over the course of the forecast period, the market for pet transport services in North America is anticipated to be dominated by the United States. Pet owners use these services to relocate, travel large distances with their pets, and reclaim lost pets.
The Main Causes for the Asia Pacific Region to see Pet Transport Travel Services’ Fastest Growth in the Upcoming Years
The region’s strong economy and significant presence of multinational firms create a considerable demand for pet transport travel services, which promotes global trade and business growth. The quickest CAGR of over 11.4% is predicted for Asia Pacific during the forecast period. The region’s pet care costs are increasing due to rising disposable income and interest in adopting companion animals.
