Mexico Pet Wearable Market Size & Outlook, 2023-2030
Mexico pet wearable market, 2018-2030 (US$M)
Related Markets
Mexico pet wearable market highlights
- The Mexico pet wearable market generated a revenue of USD 61.1 million in 2023 and is expected to reach USD 158.5 million by 2030.
- The Mexico market is expected to grow at a CAGR of 14.6% 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 61.1 million |
| Market revenue in 2030 | USD 158.5 million |
| Growth rate | 14.6% (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, Mexico accounted for 2.3% 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 Latin America, Brazil pet wearable market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 158.5 million by 2030.
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Pet Wearable Market Scope
Pet Wearable Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 40.26% in 2023. Horizon Databook has segmented the Mexico pet wearable market based on rfid, gps, sensors covering the revenue growth of each sub-segment from 2018 to 2030.
The Mexico accounted for a market share of 28.59% in 2023 and is expected to witness significant growth over the forecast period. Mexico is witnessing a rising trend in the adoption of smart collars offering Wi-Fi or Bluetooth connectivity, allowing pet owners to monitor their pets in real time and receive alerts about any unusual activity.
Mexican consumers appreciating technological innovations that enhance convenience are particularly finding these connected solutions lucrative. The integration of smart collars with connectivity features aligns with the tech-savvy preferences of Mexican pet owners, providing them with a sense of control and connectivity in managing and monitoring activities and ensuring the well-being of their pets.
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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 Mexico pet wearable market , including forecasts for subscribers. This country databook contains high-level insights into Mexico pet wearable market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico pet wearable market size, by technology, 2018-2030 (US$M)
Mexico Pet Wearable Market Outlook Share, 2023 & 2030 (US$M)
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