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The global dog gates, doors, & pens market projects a staggering growth, topping a valuation of approximately US$ 8.9 Bn over the forecast period of 2021 and 2031.
On the back of the aforementioned factor, demand for dog gates, doors, & pens will surge at over 6.6% CAGR during the forecast period. With increasing social media penetration, millennials are increasingly becoming aware regarding their responsibilities towards animals.
The key aspects driving growth include increasing dog acceptance around the world and technological improvement in the products. Growing pet humanization among millennials, particularly in India, Brazil, and Australia, is raising awareness about animal welfare.
Increasing initiatives undertaken by animal rights activists and growing adoption of shelter animals have encouraged the millennials to adopt dogs as pets. Thereby, increasing the sales of dog doors and pens.
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As per the FMI’s analysis, due to the onset of the novel COVID-19, the global dog gates, doors, & pens sales grew moderately as manufacturing activities were disrupted. However, adoption of pets surged, especially across India and Brazil, which boosted the demand for dog pens.
Hence, to cater the surging demand, key players relied on e-commerce giants such as Amazon and Walmart to sustain their position and generate lucrative revenues, benefiting the market.
Key Takeaways from FMI’s Dog Gates, Doors, & Pens Market Study
“Integration of cutting-edge technologies such as automation and artificial intelligence is fuelling the demand for smart doors. Also, growing concerns for sustainability and safety among pet owners has encouraged market players to introduce smart and energy-efficient dog doors and make them available through online retailers. This is expected to create incremental growth opportunities for the market,” says the FMI analyst.
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Some of the key players operating in the dog gates, doors, & pens market Richell Inc., Midwest Pet Products Inc., Ware Pet Products, FurHaven Pet Products, Endura Flap, Ideal Pet Products, Plexidor, Petsfit Inc., High Tech Pet Products Inc., Hale Pet Door, Takara Industry Co. Ltd., Gun Dog House Door Inc., Carlson Products, ZampaPet, and IRIS USA Inc. among others.
As per the FMI’s analysis, leading players in the market are focusing on product development, and sustainability to introduce new smart products such as smart pet doors integrated with cutting-edge technologies to expand their global footprints.
In addition, market participants are pursuing growth strategies such as mergers and collaborations with local and online distributors in order to meet the growing demand resulting from the global pandemic. To reach a worldwide audience and boost brand awareness, industry titans are relying on digital marketing and social media platforms.
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About Future Market Insights (FMI) Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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The post Dog Gates, Doors, & Pens Market 2031 | Key players – Ideal Pet Products, Plexidor, Petsfit Inc., High Tech Pet Products Inc., Hale Pet Door appeared first on Future Market Insights.
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