According to HTF Market Intelligence, the Global Dog Daycare market to witness a CAGR of 7.79% during forecast period of 2023-2028. Global Dog Daycare Market Breakdown by Services (Group Play Session, Exercise, Poolside, Grooming, Others) by Delivery Mode (Commercial Facilities, In-house, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Dog Daycare market size is estimated to increase by USD 2.5 Billion at a CAGR of 7.7% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD 3.8 Billion.
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A brand-new and ground-breaking idea called Dog Daycare has entered the market in response to the rising demand for high-quality pet care services. Dog Daycare strives to offer an all-inclusive solution for time-constrained pet owners looking for a dependable and dependable facility for their cherished dogs by providing a secure, entertaining, and stimulating environment for canine friends. Dogs at Dog Daycare get specialised attention and care from a staff of skilled experts. The facility offers roomy play areas for dogs to interact, exercise, and release extra energy, both indoors and outdoors, complete with fun toys and play structures. The safety and wellbeing of all the furry visitors are ensured by certified handlers who regularly monitor the activities.
Dog Daycare market – Key Segment Analysis
The market share growth by the Commercial Facilities segment will be significant during the forecast period. The segment is driven by the The market for dog daycare is significantly fueled by the rise in pet owners, especially dog owners. Demand for dog daycare services is growing as more individuals want to keep their dogs as pets and want to give them a secure, stimulating environment when their owners are gone or busy. With longer workdays and more frequent travel, contemporary lifestyles are getting more and more hectic. As a result, there is a demand for trustworthy dog daycare facilities where pet owners can make sure their dogs are well-cared for, exercised, and socialised while they are away. The wellbeing of dogs is becoming a priority for pet owners who understand the value of mental and physical activity..
Dog Daycare market – Competition Analysis
The global Dog Daycare market is seeing several joint ventures to intensify the capability of manufacturers and/or companies to establish geographic footprints to new territory. The vendors are accelerating M&A strategies to expand their geographical reach, which is shaping the market toward new growth cycle. The list of players that are profiled in the study are Pets at Home (United Kingdom), Dog City (Germany), A Dog’s Day (France), Hundenheim (Denmark), De Barking Lodge (Netherlands), Doggie Dog World (India), Petsville Pet Resort (India), Furry Friends Kennels (India), Wagging Tails Pet Resort (India), The Dog House (India).
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Dog Daycare
Market Drivers
- The market for dog daycare is significantly fueled by the rise in pet owners, especially dog owners. Demand for dog daycare services is growing as more individuals want to keep their dogs as pets and want to give them a secure, stimulating environment when their owners are gone or busy. With longer workdays and more frequent travel, contemporary lifestyles are getting more and more hectic. As a result, there is a demand for trustworthy dog daycare facilities where pet owners can make sure their dogs are well-cared for, exercised, and socialised while they are away. The wellbeing of dogs is becoming a priority for pet owners who understand the value of mental and physical activity.
Market Trend
- The need for individualised services catered to each dog’s unique needs is on the rise in the dog daycare industry. To satisfy the various interests and needs of pet owners, key actors must offer tailored packages, such as specialised training, senior dog care, or enrichment activities. Major industry participants in dog daycare are using digital solutions more frequently to improve their offerings. Online reservation platforms, on-demand video surveillance, mobile applications for pet updates, and GPS tracking for dog walks are all included in this. Utilising technology promotes overall experience for both dog owners and their pets as well as operational efficiency and customer convenience. Key actors must place an emphasis on cleanliness, illness prevention, and a safe environment as a result of increased health and safety awareness.
Market Opportunities
- There is an increasing need for high-end, specialised dog daycare services. By providing extra services like grooming, training, and spa services, key players may set themselves apart from the competition. Providing for certain breeds, behavioural requirements, or individualised care might draw in a specialised market sector and boost competition. Real-time video streaming, mobile applications, and other forms of technological integration in the dog daycare sector provide important companies the chance to improve the client experience, increase operational effectiveness, and set themselves apart from rivals.
Market Restraints
- Due to limited market penetration in some areas with lower pet ownership rates or less popular cultural attitudes towards dog daycare services, the dog daycare market may experience limitations. Key players’ capacity for growth may be constrained as a result. The licencing processes and regulatory requirements for running a dog daycare facility can be difficult for essential participants. Regulations governing animal care, zoning laws, and health and safety requirements may raise operations expenses and complexity.
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What key data is demonstrated in this Dog Daycare market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the Dog Daycare market between 2023 and 2028
- Precise estimation of the size of the Dog Daycare market and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behaviour
- Value in dollar term and growth of the market industry across APAC, Europe, North America, South America, and Middle East and Africa; further broken down by major country within region.
- Thorough analysis of the market’s competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of Dog Daycare market players
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FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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