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Pet Care Robots Market Global Demand, Supply and Top Players with Outlook 2022-2030

03-10-2022 11:10 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Nextmsc

Pet Care Robots Market Global Demand, Supply and Top Players with

The Pet Care Robots Market size was valued at 1.41 billion in 2021 and is predicted to reach 3.65 billion by 2030 with a CAGR of 11.2% from 2022-2030. Pet care Robotss products are implemented with artificial intelligence and other technologies that allow to look after the pets and simplify their life. Also, these products help in monitoring day-to-day pet activities and can entertain the pets by clicking photos, creating videos, and playing calls. Moreover, the products such as monitoring cameras allow the owner to track the live location of their pets and other useful statistics.

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Competitive Landscape

The pet care Robots market comprising of various market players such as RobotShop Inc., Smartpaw, Pawly, Pawbo, Pebby Corporation, Pumpkii, Whisker, Guru IOT, Rocki and Petsafe. For instance, in April 2020, RobotShop, a leading Robots supplier, and PurrSong had announced distribution exclusivity for LavvieBot S automatic litter box. Following its broad R&D, the LavvieBot S is the most secure and automatic programmed, self-cleaning litter box available in the market. It refills itself automatically removing the chore of refilling it for up to 3 weeks.

Market Dynamics and Trends

The global pet care Robots market is projected to witness significant growth over the forecast period, owing to increase in knowledge and awareness regarding animal welfare and well-being. Moreover, the benefits of Robots pet care products to head-off the health problems of a pet fuels the market growth. In addition, increase in spending of people on different pet care-related products to provide better life and easy life to the pets is anticipated to boost the market growth.

However, lack of knowledge regarding Robots pet care products is expected to restrain the market growth. The increasing demand for health tracking and fitness solution is anticipated to provide lucrative opportunities to the market.

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Geographical Analysis

North America holds the predominant share of pet care robot market at present and is expected to boost the market during the forecast period. This is attributed to the factors such as increasing pet lover population and rise in expenditure over pets. Moreover, due to availability of pet care robots through different distribution channels further drives the market growth in this region.

However, Asia- Pacific region is expected to show a steady rise due to increased adoption of robots in pet care activities such as pet feeding, pet entertainment and pet cleaning. Also, increase in digitization coupled with emerging IOT technologies such as automatic pet control and automatic defense systems drives the market growth in this region.

Contact:
Phone Number: +1-217-650-7991
E-mail: info@nextmsc.com

About Next Move Strategy Consulting:

Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.

We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry's best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solution that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.

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