The Middle East And Africa Smart Connected Pet Collar Market is expected to have a compound annual growth rate (CAGR) of above 4% during the forecast period of 2021- 2026.
Growing adoption of a pet, rising consumer awareness, and willingness to pay for advanced technologies are propelling the growth of the Smart Connected Pet Collar market revenue rate during the forecast period.
Increasing investments by the major key players of the market in research and development is ascribed to propel the demand of the Smart Connected Pet Collar market in the Middle East and Africa region.
Growing demand from working individuals for pet monitoring and the increase in the expenditure on pet products across the region is accelerating the smart-connected pet collars market during the forecast period.
Rise in cases of pets getting lost, continuous monitoring and tracking of a pet's health, ease of convenience for using smart collars are likely to fuel the growth rate of the smart connected collar market during the forecast period.
An increase in allergy of pets and high initial cost due to the integration of smart components for tracking the pets are impeding the demand of the Middle East and Africa Smart Connected Pet Collar market.
Recent Market Developments:
Fit Bark company has partnered with a Fit bit which allows the company to add more functionality to smart pet collars in which the device can track the daily distance traveled which includes the number of calories that has burned.)
The Middle East and Africa Smart Connected Pet Collar market are segmented on the basis of pet type and on the basis of the sales channel.
On the basis of sales channels, the Smart Connected Pet Collar market is segmented into Online distribution channels, offline distribution channels. Among these segments, the online distribution channel segment holds the major share of the market. These offer greater advantages over points of sale such as hassle-free shopping experience, varied options, and countless offers. Furthermore, the offline distribution channel segment is expected to increase the market rate during the forecast period.
On the basis of pet type, the market of Smart Connected Pet Collar market is bifurcated into two types, namely dogs and cats. Among these segments, the dog segment holds the major share of the market owing to the increased popularity of smart connected products. However, the cat segment is expected to increase the market rate during the forecast period.
In the Middle East and Africa region, Brazil holds the major share of the market owing to the rise in the number of cases of pets getting lost is expected to grow further during the forecast period. Increasing the number of investments by the major key players of the market in research and development, growing demand from working individuals for pet monitoring, increase in the expenditure on pet products, and growing adoption of pets are promoting the demand of the market. Furthermore, the rising consumer awareness and willingness to pay for advanced technologies are driving the growth of the smart connected pet collar market in the Middle East and Africa region. The Middle East and Africa region are expected to increase the market during the forecast period.
COVID 19 pandemic has disrupted the shares of the smart connected pet collar market. In the first half of 2020, due to lockdown restrictions, the supply chain and manufacturing units are halted that declined the growth rate of the market. The rapid spread of the novel coronavirus and high focus on curbing the spread eventually decreased the smart connected pet collar market shares in the Middle East and Africa. By the end of 2021, the market shares to grow at a higher rate.
Key market players:
Some of the key market players of the Smart Connected Pet Collar market are Wagz, Inc., KYON, Whistle Labs Inc., Fi PetPace, Eureka Technology Partners, FitBark, Radio Systems Corporation, Tractive, LLC, Scollar.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Smart Connected Pet Collar Market, By Pet Type
6.1.3 Market Size Estimations & Forecasts (2019-2024)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Smart Connected Pet Collar Market, By Sales Channel
6.2.3 Market Size Estimations & Forecasts (2019-2024)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Pet Type
7.2.3 By Sales Channel
7.3.1 By Country
188.8.131.52 Rest of Europe
7.3.2 By Pet Type
7.3.3 By Sales Channel
7.4 Asia Pacific
7.4.1 By Country
184.108.40.206 South Korea
220.127.116.11 South East Asia
18.104.22.168 Australia & NZ
22.214.171.124 Rest of Asia-Pacific
7.4.2 By Pet Type
7.4.3 By Sales Channel
7.5 Latin America
7.5.1 By Country
126.96.36.199 Rest of Latin America
7.5.2 By Pet Type
7.5.3 By Sales Channel
7.6 Middle East and Africa
7.6.1 By Country
188.8.131.52 Middle East
7.6.2 By Pet Type
7.6.3 By Sales Channel
8. Key Player Analysis
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Radio Systems Corporation
8.5 Eureka Technology Partners, LLC
8.7 Wagz, Inc
8.9 Whistle Labs Inc
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures