Germany Pet Wearable Market Size & Outlook, 2023-2030
Germany pet wearable market, 2018-2030 (US$M)
Related Markets
Germany pet wearable market highlights
- The Germany pet wearable market generated a revenue of USD 181.2 million in 2023 and is expected to reach USD 490.1 million by 2030.
- The Germany market is expected to grow at a CAGR of 15.3% from 2024 to 2030.
- In terms of segment, rfid was the largest revenue generating technology in 2023.
- GPS is the most lucrative technology segment registering the fastest growth during the forecast period.
Pet wearable market data book summary
| Market revenue in 2023 | USD 181.2 million |
| Market revenue in 2030 | USD 490.1 million |
| Growth rate | 15.3% (CAGR from 2023 to 2030) |
| Largest segment | Rfid |
| Fastest growing segment | GPS |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | RFID, GPS, Sensors |
| Key market players worldwide | BARK Inc Ordinary Shares - Class A, Datamars, Fidelity Advisor Semiconductors A, Garmin Ltd, GoPro Inc Class A, Larsen & Toubro Ltd DR, Pet Valu Holdings Ltd, Mars Group Holdings Corp, Playtech PLC, Tractive |
Other key industry trends
- In terms of revenue, Germany accounted for 6.7% of the global pet wearable market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany pet wearable market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 344.8 million by 2030.
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Pet Wearable Market Scope
Pet Wearable Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany pet wearable market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pet wearable market will help companies and investors design strategic landscapes.
Rfid was the largest segment with a revenue share of 44.48% in 2023. Horizon Databook has segmented the Germany pet wearable market based on rfid, gps, sensors covering the revenue growth of each sub-segment from 2018 to 2030.
The Germany accounted for a market share of 24.12% in 2023 and is expected to witness significant growth over the forecast period. In Germany, the interest in pet wearables offering digital identification and tracking features is growing.
Pet wearables provide not only GPS tracking for location monitoring, but also digital identification features based on microchips or QR codes are particularly in demand. German pet owners prioritizing the safety and security of their pets find pet wearables highly lucrative owing to the sense of reassurance and control over pet well-being these products provide.
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Target buyers of Germany pet wearable market databook
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Our clientele includes a mix of pet wearable market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Germany pet wearable market , including forecasts for subscribers. This country databook contains high-level insights into Germany pet wearable market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany pet wearable market size, by technology, 2018-2030 (US$M)
Germany Pet Wearable Market Outlook Share, 2023 & 2030 (US$M)
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