Pet Travel Services Market Size
Pet Travel Services Market size was valued at USD 1.8 billion in 2023 and is estimated to grow at a CAGR of 9.5% between 2024 and 2032. The market growth can be attributed to a growing awareness of pet well-being, coupled with a rise in disposable income, increasing adoption of pet insurance, and a shift towards a pet-centric lifestyle. Also, factors such as increasing pet ownership, rising number of tourists traveling with pets, and growing humanization of pets is fuelling the market size.
For instance, according to the Forbes Advisor, in 2023, 66% of U.S. households (86.9 million homes) owned a pet. This rising number of pet owners leads to a higher demand for pet travel services to transport pets safely and comfortably. Moreover, as more people choose to travel with their pets, the demand for pet travel services is expected to rise, thus boosting the industry growth.
Pet Travel Services Market Report Attributes
Report Attribute |
Details |
Base Year: | 2023 |
---|
Pet Travel Services Market Size in 2023: | USD 1.8 Billion |
---|
Forecast Period: | 2024 to 2032 |
---|
Forecast Period 2024 to 2032 CAGR: | 9.5% |
---|
2032 Value Projection: | USD 4.1 Billion |
---|
Historical Data for: | 2024 to 2032 |
---|
No. of Pages: | 150 |
---|
Tables, Charts & Figures: | 255 |
Segments covered: | Pet Type, Travel Type, Mode, Service, & Region |
---|
Growth Drivers: | - Increasing pet ownership
- Rising number of tourists traveling with companion animals
- Pet-friendly traveling services
|
---|
Pitfalls & Challenges: | - Regulatory compliance issues
- High cost of services
|
---|
Pet travel services include specialized services and accommodations designed to facilitate the safe and comfortable transportation of pets. These services cater to the needs of pet owners who wish to travel with their pets, whether it's for short-distance trips, vacations, or relocations. Further, it encompasses a range of offerings aimed at ensuring the well-being of animals during transit and providing convenience for pet owners.
COVID-19 Impact
The COVID-19 pandemic had a negative impact on the global pet travel services market. Government-imposed travel restrictions, lockdowns, and quarantine measures significantly reduced the overall travel activities, affecting both domestic and international pet travel. Furthermore, airlines also scaled back their operations, leading to fewer available options for pet transportation. Thus, all these abovementioned factors impeded the market.
Pet Travel Services Market Trends
- Increase in the adoption of pet travel services is anticipated to foster the market revenue. For instance, according to International Pet and Animal Transportation Association (IPATA), over 4 million pets and live animals are transported by air per year. Similarly, rising number of tourists traveling along with their companion animals is a major factor driving the market. For instance, as per the U.S. Travel Association, in 2018, 37% of pet owners took their pet on trips, compared to 19% in 2008. Thus, with the increasing popularity of travel as a lifestyle choice, a growing number of individuals are looking for destinations and experiences that accommodate pets.
Additionally, the emergence of pet tourism, where travelers specifically seek out destinations and activities that accommodate pets, has created a niche market. This trend has led to increased demand for pet travel services.
- However, regulatory compliance issues can pose significant challenges for the market. Airlines have specific policies and regulations regarding the transportation of pets. These may include restrictions on the size and breed of pets, requirements for travel crates, and guidelines for in-cabin or cargo transportation.
Pet Travel Services Market Analysis
Based on pet type, the market is segmented into dogs, cats, birds, and other pet types. The dogs segment held over 59.1% of the market share in 2023.
- Dogs are among the most popular pets globally. Their widespread ownership contributes to a larger potential market for pet travel services. For instance, according to World Animal Foundation, in 2023, more than 471 million dogs are kept as pets worldwide. Also, dogs are known for their loyalty and make excellent travel companions. Therefore, pet owners who enjoy traveling often prefer to have their dogs accompany them. This trend contributes to a consistent demand for pet travel services that cater specifically to dogs.
Based on travel type, the pet travel services market is bifurcated into domestic and international. The domestic segment dominated around USD 1.3 billion revenue in 2023.
- Domestic travel is more accessible and less complicated than international travel. Fewer regulatory hurdles, shorter travel distances, and familiar environments make it easier for pet owners to plan and execute domestic trips with their pets.
- Further, domestic travel often involves destinations and environments that are more familiar to pets. This can contribute to reduced stress for animals, making domestic travel a preferred option for pet owners who prioritize their pets' well-being.
- Thus, all the above-mentioned factors contribute to the growth of this segment.
Based on mode, the pet travel services market is classified into land and air. The land segment is poised to reach USD 2.5 billion by end of 2032.
- Land transportation, such as car travel, offers convenience and accessibility for pet owners. For local trips such as visits to groomers, veterinary hospital, or short vacations, land transportation is often the preferred mode.
- Additionally, land transportation is subject to fewer international regulations and restrictions compared to air travel. This makes it a more accessible option for pet owners, especially for domestic or local journeys, thus fostering the segmental growth.
Based on service, the pet travel services market is segmented into transportation and relocation. The transportation segment is anticipated to expand at CAGR of 9.2% during the forecast period.
- As more pet owners prioritize their furry companions' well-being and include them in various aspects of their lives, the need for reliable and pet-friendly transportation options has grown substantially.
- Further, high market growth can be attributed to a combination of factors including growing pet ownership culture, a focus on pet safety and comfort during travel, and an overall increase in consumer spending on pet-related services.
- Moreover, as pet owners increasingly find themselves occupied with personal responsibilities, there is a growing need for convenient transportation solutions to ensure that pets can easily access the necessary pet care services. Thus, driving the growth of the segment.
North America pet travel services market accounted for 38.4% of the revenue share in 2023.
- A large pet-owning population contributes to a robust market for pet-related services, with a strong willingness to invest in the well-being and comfort of their pets. Also, a growing awareness of the importance of pet well-being during travel has fueled the demand for specialized pet travel services.
- Further, a combination of factors such as a well-developed transportation network, a high level of disposable income among pet owners, and pet-friendly policies in the region further enhance the regional market growth.
Pet Travel Services Market Share
The pet travel services industry is characterized by diverse players competing in the industry. These prominent companies adopt a combination of strategic initiatives such as collaboration & partnership, global expansion, customized services, versatile transportation facilities, service diversification, and regulatory compliance to provide comprehensive range of services and maintain a competitive edge in the market.
Pet Travel Services Market Companies
Foremost companies operating in the pet travel services industry is as mentioned below:
- Airpets International
- Air Animal, Inc
- Happy Tails Travel
- Royal Paws
- Blue Collar Pet Transport
- CitizenShipper
- Starwood Pet Travel
- World Care Pet Transport, LLC
- Worldwide Animal Travel Ltd.
- Aeropets Worldwide
- Avvinue
Pet Travel Services Industry News:
- In November 2023, Aipets International, Inc, launched a set of steps to manage the overweight pets for better transporting facilities. It played a crucial role in ensuring the safety and well being of pets during the journey. This is expected to help to reduce the distress among pet owners and allowed owners to book the travel facilities, thereby strengthening its position in the market.
- In September 2023, Royal Paws introduced a set of toys to accompany the transportation of cats both in domestic and international services. This strategy encouraged the owners to book the slots as the toys allowed a stress-free travel and provides comfort to the cats. This strategy is anticipated to help company attract more customers.
The pet travel services market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032, for the following segments:
Click here to Buy Section of this Report
Market, By Pet Type
- Dogs
- Cats
- Birds
- Other pet types
Market, By Travel Type
Market, By Mode
Market, By Service
- Transportation
- Relocation
The above information has been provided for the following regions and countries:
- North America
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of Middle East & Africa