Pet Boarding Market to Reach US$5 Billion by 2032 Amid Rising


NEWARK, Del, Aug. 12, 2022 (GLOBE NEWSWIRE) — According to recent market analysis by Future Market Insights (IMF), the pet boarding market is poised to reach a valuation of $3.1 Bn in 2022. In addition, sales in the pet boarding market are expected to grow at a 5% CAGR between 2022 and 2032, totaling approximately $5.0 Bn by 2032.

The rapid rise in pet adoption across the globe is a key driver for the growth of the pet boarding market. With increasing disposable income and changing lifestyle, people show a strong tendency to adopt pets like dogs and cats.

Likewise, the rise of the parent market, i.e. the “pet care market”, as well as the growing trend towards the humanization of pets are expected to have a positive impact on the growth of the pet boarding market over the forecast period.

Additionally, the growing number of service providers along with the growing number of people opting for the pet boarding service will help the market grow at an exponential rate.

Multidimensional service offerings provided by lodge owners are expected to keep the market vibrant and growing, while avoiding stagnation. Providing consumers with a “stress-free experience” will be a key factor in maintaining market advantage.

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Key Takeaways from the Pet Boarding Market Research:

  • By pet type, the dog segment will remain the highest paying in the global pet boarding market during the forecast period.
  • Based on the price range, the premium segment is expected to grow at a steady pace over the next decade.
  • Currently, the United States accounts for approximately 25% share of the global pet boarding market.
  • The UAE pet adoption market is expected to grow at around 6% CAGR during the forecast period.
  • The UK pet boarding market is expected to accelerate at a CAGR of 3% over the next 10 million years.

“The future growth of the market will depend on how the competition between different companies leads to new developments and innovations in service offerings” – say it IMF analyst.

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Market by category

By type of animal:

Per accommodation period:

  • Overnight
  • Extended stay

By price range:

By booking type:

Who is winner?

Major market leaders are looking to expand their market presence into new regions and countries where pet adoptions are on the rise. The emphasis on comfort and additional services for pets housed in their homes has led to the increase in their presence and brand image. Offering premium services to further increase revenue has also helped the key player stay ahead in the global pet boarding market.

The major players in the pet boarding market are Oupet Co., PetBacker Co., PaCo Pet Care LLC, PetSmart Inc., Paradise 4 Paws LLC, Puss ‘n’ Boots Boarding Cattery, Dogtopia Enterprises LLC, Pet Station Kennels & Cattery, Preppy Pet Co., Barkefellers, Urban Tails Pet Resort, Royvon Dog Training & Hotels, Country Comfort Kennels, Camp Bow Wow Co., Best Friends Pet Care and Carey Pet and Home Care.

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Contents

1. Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply-side trends

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limits

3. Market context

3.1. Market dynamics

3.2. Scenario forecast

3.3. Opportunity Map Analysis

3.4. Investment Feasibility Matrix

4. Global Pet Boarding Market Analysis 2017-2021 and Forecast, 2022-2032

4.1. Historical Market Size Value Analysis (USD Million), 2017-2021

4.2. Current and Future Market Size Value Projections (USD Million), 2022-2032

Click here for the 300-page TOC Report on the Pet Boarding Market

Get more valuable insights:

Future Market Insights, in its new offering, provides an unbiased analysis of the global pet boarding market, showcasing historical demand data (2017-2021) and forecast statistics for the period 2022-2032. study discloses compelling insights into the pet boarding market. depending on the type of pet (dogs, cats and others), the duration of the accommodation (overnight stay and extended stay), the price range (mass, premium), the type of reservation (physical and online) and the region.

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About Us

Future Market Insights (ESOMAR certified market research organization and member of the Greater New York Chamber of Commerce) provides in-depth insights into the driving factors that increase demand in the market. It reveals opportunities that will drive market growth in various segments on the basis of source, application, sales channel, and end-use over the next 10 years.

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