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Pharmacy benefit management market
Pet Water Feeders Market Report Overview
The global pet water feeders market size was USD 0.121 billion in 2023 and market is projected to touch USD 0.290 billion by 2032, at a CAGR 10.1% during the forecast period. North America is dominating the pet water feeders market share in 2023.
A pet water feeder is a gadget that automatically provides water to animals. Greater obligations, such as balanced meals, routine health exams, drinking enough water, and other daily tasks, come along with adopting new pets. Consequently, the pet water feeders market and other pet care goods has grown recently. A further factor driving demand in the market is the growing trend of pet humanization among pet owners. Pet water feeders are a dependable and cost-effective way to provide clean, fresh, and healthy water to the animals kept as pets. The design of pet water feeders also makes it simple to move, lift, and otherwise handle them.
COVID-19 Impact: Pandemic Hamper the Demand of Pet Water Feeders to Market Growth
When there was a Covid pandemic and there were lockdown circumstances over the world, most people had more time at home and the adoption of pets and pet-related accessories skyrocketed. This rise in pet adoption contributed to the financial expansion of several pet industry sectors, including those that provide food, veterinary care, toys, and grooming requirements. the pet water feeders’ market was not significantly impacted.
Latest Trends
"Sales of Pet Water Dispensers Will Increase Due to Consumers' Growing Preference for Luxury Pet Care Products "
Due to their busy lifestyles, pet owners now find it difficult to find time for their animals. For pets' health and proper hydration, it's crucial to provide them with adequate access to clean drinking water. This has increased demand for the water dispenser for pets.
Consumers are moving towards online stores as a result of the growing adoption of E-commerce channels. Since e-commerce platforms provide pet owners with the product information, accessibility, comfort, variety, and range of options they desire, Amazon, Walmart, and Chewy have become popular destinations.
Pet Water Feeders Market Segmentation
- By Type Analysis
According to type, the pet water feeders market can be segmented into gravity water feeder, automatic water feeder and pet water feeders.
In terms of type, the gravity water feeder is anticipated to be the largest segment during the forecast period.
- By Application Analysis
Based on application, the pet water feeders market can be divided into dog, cat, and others.
In terms of application, dog market is projected to hold the largest market share through 2031.
Driving Factors
"Increased Pet Feeder Sales in Urban Phenomena will Boost Market Growth "
The concept of caring for and keeping pets is a particularly urban phenomena. The market's expansion is mostly reliant on changing consumer preferences, development, and income levels. The pet water feeders’ market is expanding significantly as a result of rising pet nutrition and health concerns. Additionally, government initiatives to encourage pet adoption are increasing the number of dogs, cats, and other animals being adopted as pets, which is raising demand.
"In Summer Uses of Pet Water Dispensers to Propel Market Expansion. "
Dogs and cats are the most popular pet animals in most homes. They need a steady supply of pure, fresh water. Since they tend to drink more water in the heat, it is quite beneficial. This dispenser can be placed next to the plates or bowls of food so that people can drink water while eating. Dogs will find it simpler to drink from this, and it will help keep the water clean.
Restraining Factors
"High Pricing and Traditional Method of Feeding is Decline Market Demand"
The pet water feeders are expensive and is typically only affordable by customers with a high income. Due to their lower cost as alternatives, semi-automatic pet feeders have the potential to gain a larger market share. As many individuals still feed their pets in the conventional manner with their hands, this constraint also applies to animals. The shorter battery life of the goods also significantly contributes to the market size restriction.
Pet Water Feeders Market Regional Insights
"The North America will Dominate Market Due to High Adoption Rate of Pets"
The pet water feeders market share is high and dominated by North America. One of the key factors in the region's dominance is the high adoption rate of pets in homes. The market for automatic and pet water feeders is expanding due to the rising adoption of pets. During the projection period, the Europe area is anticipated to have significant growth.
Key Industry Players
"Adoption Experiential Marketing Services by Key Players Influencing Market Development"
The top key players in the market such as Petnet, PetSafe, CleverPet, Petwant, Arf Pets, WOPET, Rolf C. Hagen Inc, SureFlap, HoneyGuaridan. Most of the top players hold the experiential marketing service market shares. In addition, the strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the pet water feeders market growth in the competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession over market shares by the key players stimulates the pet water feeders market.
LIST OF TOP Pet Water Feeders COMPANIES
- Petnet (U.S.)
- PetSafe (U.S.)
- CleverPet (U.S.)
- Petwant (China)
- Arf Pets (U.S.)
- WOPET (Germany)
- Rolf C. Hagen Inc (Canada)
- SureFlap (UK.)
- HoneyGuaridan (New Zealand)
- PetTec(Germany)
- Pawsfiesta (UK.)
- Xiaomi (China)
- Drinkwell (India)
- LUSMO(China)
- Petkit (China)
Report Coverage
This report examines an understanding of the pet water feeders market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.
Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.
This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 0.121 Billion in 2023 |
Market Size Value By |
US$ 0.29 Billion by 2032 |
Growth Rate |
CAGR of 10.1% from 2023 to 2032 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered | |
By Type
|
|
By Application
|
Frequently Asked Questions
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What value is the global pet water feeders market expected to touch by 2032?
The global pet water feeders market is expected to touch USD 0.290 billion by 2032.
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What CAGR is the pet water feeders market expected to exhibit during 2032?
The pet water feeders market is expected to exhibit a CAGR of 10.1% over 2032.
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Which are the driving factors of the pet water feeders market?
Increased Pet Feeder Sales in Urban Phenomena is the driving factor of the pet water feeders market.
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Which are the top companies operating in the pet water feeders market?
Petnet, PetSafe, CleverPet, Petwant, Arf Pets, WOPET, Rolf C. Hagen Inc, SureFlap, HoneyGuaridan are the top operating companies in the pet water feeders market.