North America Holds the Leading Market Share in the Global Pet Toys Market During the Forecast Period
Rising
number of pet adoption, growing spending on pet accessories, and increasing
awareness of pet owners regarding their pets’ healthcare drive the growth of
the pet toys market during the forecast period.
According to TechSci
Research report, “Pet Toys Market– Global Industry Size, Share,
Trends, Competition, Opportunity, and Forecast, 2017-2027F” The pet toys market has experienced
tremendous growth in recent years, and this trend is likely to continue in the
coming years. Rising pet ownership, R&D spending, the entry of new players,
product innovation, technological advancements, effective resource allocation,
and increasing competition among rivals to expand their regional and customer
bases are all factors that have contributed to the pet toys industry's size
expansion. The development of the pet toys market is soon anticipated to be
influenced by favorable laws, government policies, and incentives. The demand
for pet toys will benefit from increased consumer spending power brought on by
higher disposable income.
The preference for
environmentally friendly toys and the rising propensity of pet owners to purchase pet
toys are the main factors driving the global market for pet toys. The demand
for pet toys also benefits from owners treating their animals like family
members and increasingly humanizing them. The global market for pet toys is
being restricted by customers' ignorance of using products for training
purposes. Nevertheless, the global pet toys and training market is anticipated
to experience growth during the forecast period as more natural and
environmentally friendly pet toys become more popular.
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data Figures spread through 110 Pages and an in-depth TOC on the " Global Pet Toys Market"
The global pet toys market is segmented
based on product type, pet type, material type, size, distribution channel,
region, and competitive landscape.
Based on product type, the global pet
toys market is segmented into plush toys, rope and tug toys, balls, chew toys,
and others. Among these, plush toys hold the leading share in the market during
the forecast period due to the comfort of plush toys for pets. Because of these
toys, pet owners favor purchasing plush toys for their animals, which boosts
sales of plush toys. Additionally, increased consumer accessibility to smart
plush toys is anticipated to spur segment expansion.
On the basis of pet type, the market is
segmented into dogs, cats, birds, and others. Among these, the dog segment is
anticipated to hold a leading market share due to the enormous number of dogs
kept as pets worldwide. The growing demand for pet products, particularly in
developed nations, is caused by the increasing number of new dog owners. The
expansion of this market is also being fueled by improved consumer access to a
variety of dog toys, including chewy toys, bone toys, and others.
Based on material type, the global pet
toys market is segmented into rubber, cotton, nylon, plastic, and others. Among
these, the rubber segment is the fastest growing segment in the market during
the forecast period due to its superior durability and high standards for
product quality.
Based on the size, the global pet toys
market is segmented into small, medium, and large. Among these, the small
segment is the fastest growing segment in the market during the forecast period
because pet owners treat small animals as if they were their own children and
want to spend more money on their animals' medical care.
Based on distribution channel, the
market is segmented into supermarkets/hypermarkets, pet specialty stores,
groomers mall, online, and others. Among these, the online segment is the
fastest growing segment in the market during the forecast period due to the
availability of various types of pet toys from multiple brands and the owners'
preference for purchasing products from online platforms. With widespread
efforts by businesses to collaborate and expand their operations using the
e-commerce channel, companies can now easily track the sales success of several
categories of pet products from their online stores, leading to high segmental
revenue growth.
Based on region, the Global Pet Toys Market
is segmented into North America, Europe, Asia-Pacific, Middle East &
Africa, and South America. The North America region holds the leading share in
the market during the forecast period due to the rapidly expanding pet
ownership and expenditure in North American nations like the US.
Key
market players operating in the global pet toys market include:
- Central
Garden & Pet Company
- Cosmic
Pet
- Zippy
Paws
- Radio
Systems Corporation
- Kyjen
Company, LLC
- Benebone
LLC
- Coastal
Pet Products, Inc.
- Ethical
Products, Inc.
- Petmate
- Fluff
and Tuff, Inc
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“Pet toys are specialized goods that are
produced by specifications. Due to consumer preferences for adopting pets, the global pet toy market is anticipated to expand
significantly over the forecast period. This promotes the training of animals
and aids them in their physical activities, encouraging the growth of pet toys
worldwide. The increase can be attributed to the ongoing popularity of chew and
sport and fetch toys.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“Pet
Toys Market- Global Industry Size, Share, Trends, Opportunity, and Forecast
2017-2027 Segmented By Product Type
(Plush Toys, Rope and Tug Toys, Balls, Chew Toys, Others), By Pet Type (Dog,
Cat, Birds, and Others), By Material Type (Rubber, Cotton, Nylon, Plastic and
Others), By Size (Small, Medium, Large), By Distribution Channel
(Supermarkets/Hypermarkets, Pet Specialty Stores, Groomers Mall, Online,
Others), By Region, has evaluated the future growth potential of pet toys market globally and provides statistics and information on market structure, size, share,
and future growth. The report provides cutting-edge market intelligence and helps
decision-makers to make sound investment decisions. Besides, the report also
identifies the emerging trends along with essential drivers, challenges, and
opportunities present in the global pet toys market.
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