Pet Sitting Market Trends to Skyrocketing Demand by Increased Pet Ownership
The pet sitting market provides on-demand pet care services such as overnight pet sitting, dog boarding, dog walking and daycare for pets while owners are away. These services benefit both pets and owners by ensuring pets remain comfortable and well looked after throughout the day or when owners are traveling.
The Global Pet Sitting Market is estimated to be valued at US$ 5.35 Bn in 2024 and is expected to exhibit a CAGR of 12% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Pet Sitting Market: Key players operating in the pet sitting market include A Place for Rover, Inc., Pets at Home, Inc., Wag! Group Co., PetBacker, Careguide Inc., Fetch! Pet Care, Holidog.com, PetSmart LLC, Dogtopia Enterprises, Swifto Inc. Holidog, Mad Paws, PetBacker, Trusted Housesitters Ltd., Pawshake , and Sittercity Incorporated. These companies offer a variety of pet care services tailored to pet owners’ requirements.
Growing demand: Increased pet ownership over the years, especially in urban areas where long working hours leave Pet Sitting Market Size unattended for extended periods, has fuelled demand for professional pet sitting and daycare services. Consumer inclination toward premium pet care is another factor boosting the pet sitting market.
Global expansion: Major players are expanding their operations in international markets through partnerships, mergers and acquisitions to capitalize on the rising pet population globally. The growing trend of nuclear families and dual-income households also presents opportunities for pet sitting companies across regions.
Market key trends
On-demand apps and online platforms: The pet sitting market is witnessing increased adoption of online platforms and on-demand mobile apps that enable seamless booking and coordination of pet care services. This technology-led trend enhances service accessibility and convenience for modern pet owners.
Premium packages and value-added services: Players now offer premium packages along with value-added services such as pet training, medication administration, pet transportation and grooming to diversify revenue streams. This fuels customer loyalty and average spending in the lucrative market.
Pet health monitoring: Advanced technologies enable real-time pet monitoring through cameras and activity trackers for enhanced pet safety. This emerging trend provides pet parents with peace of mind while away from their pets.
Porter’s Analysis
Threat of new entrants: The pet sitting market has a moderate threat of new entrants as starting a pet sitting business requires comparatively low capital investment but getting clients demand strong client referrals and reputation.
Bargaining power of buyers: Buyers in the pet sitting market have high bargaining power as there are many pet sitting service providers and buyers can choose between online and offline options.
Bargaining power of suppliers: Suppliers have low bargaining power in the pet sitting market as service providers do not depend heavily on any single supplier and there are many alternatives.
Threat of new substitutes: There is moderate threat of substitution in the pet sitting market from online pet care services and do-it-yourself pet care options.
Competitive rivalry: The pet sitting market experiences high competitive rivalry among existing competitors with focus on customer service quality and experience.
North America held the largest share of the pet sitting market in 2024, accounting for over 40% revenue share. High pet ownership rate and increasing dual income households are driving demand for professional pet care services in the region.
Asia Pacific is expected to be the fastest growing region in the pet sitting market between 2024-2031, with CAGR of over 15%. Rapid urbanization, rising disposable incomes and awareness about pet wellbeing are increasing pet ownership in China and India. Growing number of global pet sitting players expanding into tier I and II cities will accelerate market growth.
*Note:
1. Source: Coherent Market Insights, Public Source, Desk Research
2. We have leveraged AI tools to mine information and compile it.
