WHAT IS PET COMPANION ROBOTS MARKET?
The market for pet companion robots was valued at USD 604.63 million in 2021, and by 2029, it is anticipated to have grown to USD 913.94 million, registering a CAGR of 5.30%. Due to the growing popularity of mobile applications, "Video recording and Monitoring" makes up the application category in the relevant market. The Data Bridge Market Research team's in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis are all included in the market research.
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The large-scale Pet Companion Robots Marketing report provides details about market trends, future prospects, market restraints, leading market drivers, several market segments, key developments, key players in the market, and competitor strategies. This market study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the market has also been included. Additionally, businesses can decide upon the strategies about the product, customer, key player, sales, promotion or marketing by acquiring a detailed analysis of competitive markets.
PET COMPANION ROBOTS MARKET DYNAMICS
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers:
Rise in Awareness
The rise in awareness regarding the use of pet companion robots to provide an apparent companionship for humans is one of the major factors driving the growth of pet companion robots market. The decline in prices of robots and are considered best fit for the old aged people and single children.
Need for Companionship
The rise in demand for these software or hardware associated with the pet companion robots for acquiring companionship accelerate the market growth.
Increase in Pet Owners
The increase in the number of pet owners across the globe further influence the market. These pet companion robots help real pet owners in overcoming problem of leaving their pet alone at home. These robots can be controlled remotely with the use of certain electronic gadgets, offering facility to entertain their pets from distance.
Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the pet companion robots market.
Opportunities
Furthermore, introduction of new technologies in robots, such as video surveillance extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, surge in investments will further expand the market.
PET COMPANION ROBOTS MARKET SEGMENTATION
The pet companion robots market is divided into two types based on type: stationary robots and mobile robots.
The market for pet companion robots is divided into three applications based on use: video recording and monitoring, pet entertainment, and pet feeding.
The pet companion robots market is divided into direct marketing and indirect marketing based on the sales channel.
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PET COMPANION ROBOTS MARKET COUNTRY LEVEL ANALYSIS
The countries covered in the Pet Companion Robots Market report are
U.S.
Canada and Mexico in North America
Germany
France
U.K.
Netherlands
Switzerland
Belgium
Russia
Italy
Spain
Turkey
Rest of Europe in Europe
China
Japan
India
South Korea
Singapore
Malaysia
Australia
Thailand
Indonesia
Philippines
Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC)
Saudi Arabia
U.A.E
Israel
Egypt
South Africa
Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
Brazil
Argentina
BASIC QUESTIONS ASKED
Which product and application will rule Pet Companion Robots Market?
What market dynamics are influencing and restricting the market for Pet Companion Robots Market?
Which regional market will expand the fastest?
Which region is expected to hold the greatest market share in the Pet Companion Robots Market?
How will patterns, roadblocks, and trends affect the global Pet Companion Robots Market’s expansion and size?
KEY MARKET COMPETITORS COVERED IN THE REPORT
Pawbo Inc. (Taiwan)
Pebby (US)
SmartPaw (Singapore)
Maneks plus doo (Slovenia)
RobotShop inc. (Canada)
Ageless Innovation LLC. (US)
Sony Corporation. (Japan)
Kolony Robotic (Canada)
MAJOR TOC OF THE REPORT
Introduction
Research Methodologies
Executive Summaries
Premium Insights
Market Overview
Pet Companion Robots Market, by Technology
Pet Companion Robots Market, by Application
Pet Companion Robots Market, by Type
Pet Companion Robots Market, by Vehicle Type
Pet Companion Robots Market, by Technology
Pet Companion Robots Market, by Application
Pet Companion Robots Market, by Position
Pet Companion Robots Market, by Region
Competitive Landscape
Company Profiles
Analyst's Recommendations
Appendix
Get TOC Details- https://www.databridgemarketresearch.com/toc/?dbmr=global-pet-companion-...
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