Europe Smart Connected Pet Collar Market

Europe Smart Connected Pet Collar Market Size (2024 to 2029)

The smart connected pet collar market in Europe is anticipated to be worth USD 207.52 million by 2029 from USD 137 million in 2024, growing at a CAGR of 8.66% from 2024 to 2029.

The increasing pet adoption across the region drives the European smart-connected pet collar market growth. The rising disposable incomes of people are influencing them to adopt a pet. Working individuals across the European region increasingly demand intelligent pet collars to monitor pet activities and health conditions. People's busy lifestyles due to hectic work hours is leading to the adoption of intelligent collars, accelerating the growth of the European smart-connected pet collar market.

The growing adoption of IoT in all sectors, including pet wearables, is propelling the European market growth. The increasing government initiatives, such as animal welfare organizations for the well-being of animals, are influencing people to increase their love and care towards pets. The smart collars are being incorporated with beneficial facilities such as detecting the pets' location and tracking the oxygen levels and heart rate, attracting pet owners to adopt these smart collars, which is favoring the regional market growth. Smart-connected collars were recently introduced with an alarm system that activates when the pet experiences seizures, fuelling the regional market growth. The growing trend of digital transformation and adoption of urbanization is allowing people to choose smart-connected pet collars, which is further boosting the growth rate of the European market.

The increasing incorporation of advanced technology in intelligent collars is expected to create opportunities for market growth. Incorporating GPS technology, LED displays for communication, and wireless connection to smartphones is expected to augment the market growth over the forecast period. The market players are investing in R&D activities for advancements in technology-based pet collars, enhancing the market opportunities.

The high cost of intelligent products due to the incorporation of the Internet is primarily hampering the growth of the European smart-connected pet collar market. The initial investment and the maintenance costs are high, limiting the market expansion. Gadgets with technology-based facilities are always expensive to maintain. Due to the Internet, these smart collars can be operated by any unknown person by hacking the system. By this, unauthorized persons can control the pet, impeding the European market growth. All the smart devices are incorporated with lithium-ion batteries, which have a limited lifespan. Pet owners demand energy-efficient and rechargeable batteries that help maintain smart devices. The difficulty in adopting smart devices for pets and owners suddenly creates some initial challenges.

This research report on the Europe smart connected pet collar market has been segmented and sub-segmented into the following categories.

Europe Smart Connected Pet Collar Market - By Pet Type:

• Dog
• Cat

Europe Smart Connected Pet Collar Market - By Distribution Channels:

• Online
  • E-Commerce Websites
  • Company-Owned Websites
• Offline
  • Retailers
  • Large Format Stores
  • Specialty Stores

Europe Smart Connected Pet Collar Market - By Country:

• UK
• France
• Spain
• Germany
• Italy
• Russia
• Sweden
• Denmark
• Switzerland
• Netherlands
• Turkey
• Czech Republic
• Rest of Europe

Europe held the second position in the global smart-connected pet collar market, whereas the UK dominated the European market with the most significant share. The rising disposable incomes of people in developed countries such as the UK and Germany influence them to adopt pets and give them premium treatment. The growing trend of pet humanization is making them provide premium products and increased love and care towards pets. To know the pet's health condition and to track the pet's activities and location, pet owners are adopting the usage of intelligent pet collars, which update the complete information of the pet's condition.

The rising adoption of pets across the region demands the smart connected pet collar, fuelling the market growth in France and Italy. According to the European Pet Food Federation, around 46% of households own at least a single pet in European countries, enhancing the expansion of the European smart connected pet collar market. The increasing investments in developing the technology for innovative, intelligent pet wearables by the market players are accelerating the market growth in the European region. The presence of key global market players in the European region is propelling market size growth.

Spain is expected to grow steadily over the forecast period due to the rising adoption of busy lifestyle patterns. Urbanization demands that pet owners have smart collars to monitor their pet activities.

KEY MARKET PARTICIPANTS:

PetPace, Eureka Technology Partners, FitBark, Radio Systems Corporation, Tractive, LLC, Scollar, Wagz, Inc., KYON, Whistle Labs Inc. and Fi are some of the major players in the Europe smart connected pet collar market.