Yahoo Finance Pet Water Dispenser Market Will Gain Traction at 5.5% CAGR by 2032 Amid Expansion in the Pet Care Sector | Future Market Insights, Inc.
The U.S. is one of the leading countries in the global pet water dispenser market. Increasing income and rising pet adoption for companionship have led to an increase in the expenditure on pet care products which will further boost the market in the U.S.
NEWARK, Del, Sept. 22, 2022 (GLOBE NEWSWIRE) -- According to a latest report by FMI, the pet water dispenser market is poised to reach a valuation of US$ 151.2 Mn in 2022. Sales are projected to increase at a 5.5% CAGR, with the market size reaching US$ 258.4 Mn by 2032.
Manufacturers are continuously flourishing towards developing innovative pet water dispensers which can be controlled using a smartphone or any Bluetooth device. Beijing Kitten & Puppy Technology Co. has designed the Pet X smart pet water dispenser. They applied the simplest animal behavior psychology in their product.
The smart pet X water dispenser allows access to the (IoT) and has a voice control feature as well, water frequency can be automatically controlled and can be switched off and on day and night using the Bluetooth device. The introduction of such smart pet water dispensers will create opportunities for growth in the market.
In general, a pet water dispenser benefits the pets and the pet owners in many ways— freshness, convenience, and improved health of pets. These are the major factors that are fuelling the demand for a pet water dispenser in the market.
“Increasing sales of pet water dispensers through online sales channels, along with high demand for luxury pet care products is expected to augment the growth in the market over the assessment period,” says an FMI analyst.
Request a Report Sample to Gain Comprehensive Insights@ https://www.futuremarketinsights.com/reports/sample/rep-gb-15367
Key Takeaways:
Based on pet type, sales of water dispensers for dogs is will continue gaining traction.
In terms of sales channel, the E-commerce/online stores segment is anticipated to account for a dominant share in the market.
The U.S. will continue dominating the pet water dispenser market over the forecast period.
Demand for pet water dispensers in India is slated to increase at a considerable pace over the assessment period.
Competitive Landscape
Leading manufacturers of pet water dispenser products are focused on aggressive promotional strategies, advertisements, and new product launches to gain a competitive edge in the market.
Petmate, Radio Systems Corporation, Rolf C. Hagen Inc., Doggy Man, Coastal Pet, Critter Concepts, Gex Corporation, Torus Pet, Van Ness, K and H Pet Products, CatH2O, MOOREdoll, Pioneer Pet, and Petkit are some of the prominent players operating in the market.
For any Queries Linked with the Report, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-15367
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the global pet water dispenser market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022 to 2032. The study divulges compelling insights on the pet water dispenser market based on Material Type (Plastic, Wooden, Glass, Steel, Metal, and Others), By Animal Type (Dogs, Cats, Birds, and Others) Price Range (Mass, and Premium), By Sales Channel (Hypermarkets/Supermarket, Pet Specialty Stores, Multi-Brand Stores, Pet Care Stores, Online Retailers, and Other Sales Channel), & region.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
Have a Look at Related Research Reports of Consumer Product Insights
Pet Daycare Market Size: The pet daycare market is approximately US$ 3.7 Billion in 2022 and is projected to reach US$ 6.7 Billion by 2032
Pet OTC Medication Market Share: Pet OTC Medication Market by Pet Type, Application, Form, Sales Channel & Region - Forecast 2022 – 2032
Pet Market Trend: Pet Market By Pets Type, Price Range, Gender, Sales Channels & Region - Forecast 2022 – 2032
Rugby Apparel Market Type: The global rugby apparel market is projected to expand steadily at a CAGR 11.3% value, during the forecast period 2022-2032. In the year 2022
Hunting Boots Market Sale: The hunting boots market is anticipated to reach a valuation of US$ 6970 million in 2032. The market is expected to grow at a CAGR of 5.2% during the forecast period, and the market estimation as of 2022 is US$ 4200 million.
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
