Pet Care Robots Market Set to Soar at 11.2% CAGR, Reaching $3.65 Billion by 2030
According to the study by NMSC, the global ?????? ???????? ???????????? ???????????? size is predicted to reach ??.???? ?????????????? with a ???????? ???? ????.??%by 2030.
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Pet care robots products are implemented with artificial intelligence and other technologies that allow to look after the pets and simplify their life. Also, these products help in monitoring day-to-day pet activities and can entertain the pets by clicking photos, creating videos, and playing calls.
Moreover, the products such as monitoring cameras allow the owner to track the live location of their pets and other useful statistics.
Market Dynamics and Trends
The global pet care Robots market is projected to witness significant growth over the forecast period, owing to increase in knowledge and awareness regarding animal welfare and well-being. Moreover, the benefits of Robots pet care products to head-off the health problems of a pet fuels the market growth.
In addition, increase in spending of people on different pet care-related products to provide better life and easy life to the pets is anticipated to boost the market growth.
However, lack of knowledge regarding Robots pet care products is expected to restrain the market growth. The increasing demand for health tracking and fitness solution is anticipated to provide lucrative opportunities to the market.
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Geographical Analysis
North America holds the predominant share of pet care robot market at present and is expected to boost the market during the forecast period. This is attributed to the factors such as increasing pet lover population and rise in expenditure over pets.
Moreover, due to availability of pet care robots through different distribution channels further drives the market growth in this region.
However, Asia- Pacific region is expected to show a steady rise due to increased adoption of robots in pet care activities such as pet feeding, pet entertainment and pet cleaning. Also, increase in digitization coupled with emerging IOT technologies such as automatic pet control and automatic defense systems drives the market growth in this region.
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Competitive Landscape
The pet care robot industry comprises various market players such as Robotshopen , Smartpaw Pet Tech Online Store Singapore , Pawly , PAWBO , Pebby Corporation, Pumpkin , Whisker , Guru , 罗氏公司 and Petsafe .