A recent report published by MarkNtel Advisors reveals that the Global Bicycle Pet Seat Market is set to a considerable CAGR during 2022-27. The rapidly rising pet ownership, the emerging trend of pet humanization & pet premiumization, and the ever-increased affection of people for their pets are the prime aspects projected to drive the industry over the forecast period.
Moreover, the growing willingness of individuals to spend on premium pet products to fulfill the different needs of their pets, coupled with the increasing focus of people on providing the utmost comfort & security to their pets while on bike rides, are also amplifying the demand for bicycle pet seats worldwide.
Furthermore, the rising trend of carrying pets to work is generating several opportunities for companies to introduce more appealing & multi-functional products, which, in turn, would significantly boost the Global Bicycle Pet Seat Market in the coming years.
Dogs, the Most Preferred Pets Globally, to attain the Largest Share of the Bicycle Pet Seat Market
Dogs are projected to remain the primary choice of people as pets and hold the largest share of the Global Bicycle Pet Seat Market. The ongoing trend of dog humanization is instigating the demand for their exceptional care & comfort while riding on bikes. The world has been witnessing a dramatically growing adoption of dogs, especially with the emergence of Covid-19, and people are now excessively spending on dog accessories, including bicycle pet seats. Consequently, companies are introducing innovative products with enhanced appeal & durability in order to cater to the ever-increasing requirements of pet owners for high-quality pet supplies, thereby promoting the growth of the Global Bicycle Pet Seat Market.
With a Skyrocketing Pet Adoption Rate in the US, North America to Acquire a Significant Market Share
North America holds a notable share in the Bicycle Pet Seat Market, mainly due to the skyrocketing pet adoption rate and increased inclination of pet parents toward providing exceptional convenience & comfort to their pets. Besides, the growing trend of pet humanization and rising disposable income of people, especially in the US, which have resulted in the ever-increased consumer spending on pet products & supplies, are also stimulating the regional market growth.
The US has recorded an unprecedented rise in pet ownership in the past few years. Currently, around 70% of US households own a pet, and nearly 69 million have dogs. The prime reason behind such a high pet adoption rate is the positive attitude of people toward animals, which is why the North America Bicycle Pet Seat Market is set to continue expanding at a considerable pace in the years to come.
The key companies in the Global Bicycle Pet Seat Market include Buddyrider, DoggyRide, Ferplast, K&H Pet Products, Pawaboo, PetSafe, Petsfit, Pets Tavern, Snoozer, and Walky Dog, among others.
Key Questions Answered in the Research Report: