Global Pet Travel Service Market Reached Valuation of US$ 5.5 Bn by 2034; Anticipated to Gain CAGR of 9.1% over the Forecast Period (2024 – 2034)

/EIN News/ -- Wilmington, Delaware, July 24, 2024 (GLOBE NEWSWIRE) -- The pet travel service market has witnessed significant growth in recent years, driven by increasing pet ownership, rising disposable incomes, and a growing trend towards pet-friendly travel accommodations. This niche sector encompasses a range of services designed to facilitate safe and comfortable travel experiences for pets, including transportation, lodging, grooming, and veterinary care.

A noticeable increase in demand for specialized pet travel agencies that handle all aspects of pet relocation, ensuring compliance with international travel regulations and providing customized care during transit. This trend is particularly prominent among expatriates and frequent travelers who wish to bring their pets along. Additionally, the rise of pet-friendly hotels, airlines, and transportation services has expanded the market's reach. These accommodations cater to pet owners seeking seamless travel experiences, ensuring their pets are treated as valued companions. This trend not only boosts customer satisfaction but also creates new revenue opportunities for service providers. Additionally, technological advancements significantly contribute to the market's development. Mobile apps and online platforms offer pet owners real-time updates on their pets' travel status, booking options, and access to a network of vetted service providers. Such innovations streamline the booking process and improve overall service quality, fostering customer loyalty and operational efficiency. In April 2022, Avvinue marked National Pet Day with the debut of its beta version, solidifying its position as the leading self-service platform for booking pet travel services.

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Increasing humanization of pets has led to higher spending on pet care and luxury services, including travel. Pet owners view their pets as family members, driving demand for premium travel services that ensure comfort and safety. Furthermore, globalization has spurred international relocation and travel, necessitating reliable pet transport solutions. This trend is amplified by corporate relocations and expatriate assignments, where families seek comprehensive pet relocation services to minimize stress and ensure regulatory compliance.

Impact of COVID-19 Pandemic on Global Pet Travel Service Market

Initially, the pet travel service market faced challenges during the COVID-19 pandemic because of travel restrictions and decreased mobility. However, as restrictions eased, there was a notable surge in domestic pet travel and relocation, driven by remote work opportunities and lifestyle changes. Many families opted to relocate with their pets, seeking less densely populated areas or better living conditions. This shift presented opportunities for local pet travel services and contributed to the market's resilience amidst broader economic uncertainties. 

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Impact of Russia-Ukraine War on Global Pet Travel Service Market

The Russia-Ukraine war has had a notable impact on the global pet travel service market, primarily affecting international travel and logistics. As geopolitical tensions escalated, several airlines suspended flights to and from affected regions, disrupting pet travel routes and schedules. This disruption has created challenges for pet owners needing to relocate or travel internationally with their pets, leading to increased uncertainty and logistical hurdles.

Furthermore, heightened security measures and changes in regulatory requirements across borders have added complexity to pet travel arrangements. These factors have prompted pet owners and service providers alike to navigate evolving restrictions and safety concerns, impacting the overall demand for international pet travel services. In response, the market has seen a shift towards more flexible and resilient travel solutions, including enhanced customer support, updated pet travel guidelines, and alternative travel routes. As the situation continues to evolve, ongoing adaptations in pet travel services are crucial to mitigating disruptions and meeting the needs of pet owners globally.

Key Takeaways of the Report: Global Pet Travel Service Market

• Cats segment by pet type in the pet travel service market is poised for significant growth with a projected CAGR of 5.2% due to increasing urbanization and higher adoption rates of cats as companion animals. As more urban dwellers embrace cat ownership, there is a rising demand for travel services that cater specifically to feline needs, including safe and comfortable transportation options, specialized accommodations, and stress-reducing travel solutions. This trend reflects a broader societal shift towards accommodating pets' unique requirements during travel, driving growth in the cat travel service segment.
• Domestic travel type has dominated the pet travel service market with a significant revenue share of 79.2% due to the ease of accessibility and the large number of pet owners opting for local trips with their pets. Domestic travel offers fewer regulatory challenges compared to international travel, making it more convenient for pet owners to plan and execute trips with their companions. This segment's dominance is further supported by the increasing number of pet-friendly accommodations, transportation options, and leisure activities available within domestic markets, enhancing the overall travel experience for pets and their owners alike.
• Transportation segment by application has become a prominent segment in the pet travel service market, capturing 75.3% market share due to the essential role it plays in ensuring safe and reliable pet mobility. As pet ownership rises and more pets are viewed as integral family members, there is a greater demand for specialized transportation services. Top of FormThese services encompass various modes such as air travel, ground transport, and specialized pet taxis, offering features like climate control, real-time tracking, and dedicated pet handling, all crucial for ensuring pets' comfort and safety during travel.
  
• Offline segment by booking channel in the pet travel service market is expected to grow rapidly over the forecast period due to the continued demand for personalized and direct customer service interactions. Many pet owners prefer face-to-face interactions when arranging travel plans for their pets, seeking reassurance and detailed information on pet-friendly accommodations, transportation options, and regulatory requirements. Offline booking channels also cater to those who may prefer traditional methods or who require specific accommodations not easily accessible through online platforms, thereby driving growth in this segment of the market.
• In 2023, Asia Pacific strengthened its position as the second-leading region in the global pet travel service market due to the region's burgeoning middle class, rising pet ownership rates, and increasing urbanization trends. As more households in Asia Pacific embrace pets as family members, there has been a corresponding growth in demand for pet travel services, including pet-friendly accommodations, transportation options, and specialized pet care during travel. Moreover, improvements in infrastructure and a growing awareness of pet welfare have further fueled the region's growth in this sector, solidifying its position in the global market.

Following are the major companies active within the pet travel service market:

• Aark Air International, Inc.
• Across the Pond Pets Travel.
• Aeropets Worldwide
• Air Animal, Inc.
• Airpets International
• All Care Pet Transport.
• Blue Collar Pet Transport
• Cargolution Inc.
• Citizen Shipper
• Fetchapet Ltd.
• Flypets UK
• Happy Tails Travel, Inc.
• Jet Pet Global
• Petport
• PetRelocation, Inc.
• Royal Paws
• Starwood Pet Travel
• Tails-A-Wagon Pet and Vehicle Transport
• World Care Pet Transport, LLC
• Worldwide Animal Travel Ltd.
• Other Industry Participants

Browse Related Category Reports

Global Pet Travel Service Market

By Pet Type

• Dogs
• Cats
• Birds
• Others

By Travel Type

• Domestic
• International

By Application

• Transportation
• Relocation

By Booking Channel

• Online
• Offline

By Region

• North America (U.S., Canada, Mexico, Rest of North America)
• Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe)
• Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
• Latin America (Brazil, Argentina, Rest of Latin America)  

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