Pet Tech Market Size

Market Outlook:

Pet Tech Market size is projected to rise from USD 11.89 billion in 2024 to USD 41.81 billion by 2034, representing a CAGR above 13.4% for the 2025–2034 forecast period. The industry is estimated to reach USD 13.32 billion in revenue by 2025.

• Base Year Value (2024): USD 11.89 billion
• CAGR (2025-2034): 13.4%
• Forecast Year Value (2034): USD 41.81 billion
• Historical Data Period: 2019-2024
• Largest Region: North America
• Forecast Period: 2025-2034

Market Dynamics:

Growth Drivers & Opportunity: 1. Increasing pet ownership: The growing trend of pet ownership, particularly among millennials and Gen Z, is driving the demand for pet tech products and services. 2. Technological advancements: Innovation in the pet tech industry, including the development of smart collars, pet trackers, and automated feeders, is fueling market growth. 3. Rising concern for pet health and wellbeing: Pet owners are increasingly investing in monitoring and wellness products to ensure the health and safety of their pets, driving the demand for pet tech solutions. 4. E-commerce growth: The rise of e-commerce platforms and the convenience of online purchasing are boosting the sales of pet tech products, providing a significant opportunity for market growth. Industry

Report Scope

Report Coverage	Details
Segments Covered	Type, Application
Regions Covered	• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	CleverPet, Whistle, iFetch LLC., Dogtra, IceRobotics, Tractive, DOGVACAY, GoPro, Felcana, Garmin., Fitbark

1. High product costs: The high initial investment required for pet tech products and services may act as a restraint for some pet owners, particularly in cost-conscious markets. 2. Limited awareness and education: The lack of awareness about the benefits and functionalities of pet tech products among potential consumers may hinder market expansion. 3. Regulatory challenges: The pet tech industry may face regulatory hurdles related to data privacy, safety standards, and animal welfare, which could impact market growth and innovation.