PET GROOMING SERVICES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
The global pet grooming services market is estimated to be valued at USD 7.10 Bn in 2024 and is expected to reach USD 11.61 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.3% from 2024 to 2031.The global pet grooming services market is growing at a tremendous pace. With increasing pet adoption and humanization of pets across the world, pet owners are paying more attention to hygiene and grooming needs of their furry companions. Pet grooming includes bathing, haircutting, nail trimming, and other services to keep pets clean and healthy. It improves the bond between the pet and owner. Growing awareness about preventive healthcare is driving many pet owners to opt for regular grooming services. Moreover, busy lifestyles have made professional pet grooming quite convenient.
Market Dynamics:
The global pet grooming services market is expected to witness robust growth over the next decade. The key drivers include rising spending capacity on pets, growing pet population worldwide especially in developed regions, and increasing awareness about the value of preventive healthcare. Additionally, humanization of pets and need for various grooming services like brushing, nail trimming, bathing, etc. on regular basis is fueling market growth. However, high set up and operational costs associated with pet grooming shops can negatively impact small businesses. Lack of skilled labor and strict regulations are some challenges as well. On the positive side, expanding pet product industry and advent of online booking platforms present significant opportunities for market players.
Key Features of the Study:
- This report provides in-depth analysis of the global pet grooming services market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global pet grooming services market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Petsfolio, Pets At Home, Inc., PetSmart LLC, Wag Labs, Inc., Pooch Dog SPA, Paradise 4 Paws, PetBacker, Dogtopia Enterprises, Anvis Inc., Pawz & Company, Woof Gang Bakery & Grooming, Pet Paradise, The Barking Lot, Pet Grooming by Pawsitively Posh, and The Dog Spa
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global pet grooming services market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global pet grooming services market
Market Segmentation
Market Segmentation
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