BlueWeave Consulting review study of the Pet Wearable Market anticipated propelling with a significant CAGR of 12.7% in the forecasted period of 2019-2025. Factor such as rising disposable income, pet healthcare concern, and rising pet healthcare expenditure driving the demand for pet wearable in the global market.
Besides, increasing the adoption rate of IoT, coupled with technological advancement for pet monitoring, contributing to the growth of the pet wearable market during the forecast period.
The factors mentioned above anticipated to boost the demand with a significant growth rate in the pet wearable market. North America is anticipated to hold a significant proportion of the Pet Wearable market. As an outcome of rising pet ownership rates, increasing trends towards pet adoption and humanization, increasing expendable income, and rising per capita expenditure on animal health are the main drivers of the market’s growth.
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Pet wearables market: competitive landscape
Some of the major industry players are Petpace Ltd, Binatone Global, Garmin Ltd, Motorola Mobility (Binatone), Loc8tor, Ltd., Fitbark, Cybortra Technology Co. Ltd, Whistle Labs, Inc., Otto Petcare Systems, Tractive, Link AKC (WAGZ), NuIceRobotics, Ltd., Fitbark, Kyon and Other Prominent Player
Expanded Perlite form is projected to be the most lucrative segment of the global perlite market during the forecast period
In terms of form, the expanded perlite accounted for the largest market share during the forecast period 2019-2025. The growth is driven due to the high strength of concrete with less water content and easy workability. Expanded perlite finds applications in many industries such as agriculture & horticulture, construction, industrial, and food & beverages. It also delivers various properties includes high insulation, acoustic properties, and excellent water retention. Expanded perlite is employed in the preparation of boulders, cement mixture, concrete additives, masonry, and bricks. Expanded perlite has excellent water-holding properties and this property of expanded perlite makes them more adequate in the horticulture sector.
Additionally, increasing the oil & gas industry coupled with the use of raw expanded perlite in the oil & gas industry as a lightweight aggregate for controlling the density of the cement grout is anticipated to boost the growth.
The Asia Pacific accounts for the lion’s share of the global perlite market during the forecast period
Geographically, Asia Pacific is the dominating region for the entire perlite market owing to extensive development, adaptive to new technologies, and increasing demand from the commercial and residential sectors. The demand for perlite is rising rapidly in the region, due to the high growth in the industrial and commercial construction activities which is expected to trigger mining activities to attain more perlite for its application across the aforementioned industries.
Additionally, Favorable regulations, availability of workforce, and government initiatives to provide attractive FDI regulations have resulted in a shift of manufacturing bases of major players to regions like China, India, and Japan.
Scope of the Report
- Expanded Perlite
- Crude Perlite
- Agriculture & Horticulture
In addition, the report provides analysis of the perlite market with respect to the following geographic segments and their high performing regions:
Middle East & Africa
- Saudi Arabia
- South Africa
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