May 21, 2024
Dog Bicycle Trailer Market

Promoting Pet Health And Wellness – Dog Bicycle Trailers Are Driven By Rising Pet Owner’s Focus On Fit Lifestyles

Dog bicycle trailers provide pet owners a convenient and enjoyable way to include their dogs in outdoor activities like cycling while keeping them safe and secure. These durable and portable trailers allow dogs to join their owners on bike rides and stay near their owners while getting gentle exercise. The prevalence of pet obesity has risen in many developed nations as fewer pets are regularly walked or played with, leading to health issues for dogs. To counter this, more owners are now incorporating dogs into their own active routines with accessories like dog bike trailers. These trailers come equipped with wheels, brakes, and sturdy frames to transport dogs comfortably without risk of injury during riding. Additional features such as ample ventilation, padded interiors, and adjustable settings allow pets to travel along different terrains.

The global Dog Bicycle Trailer Market is estimated to be valued at US$ 152.7 Mn  in 2023 and is expected to exhibit a CAGR of 38.%  over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends

Growing awareness about pet obesity prevention has increased demand for canine fitness aids in recent years. Dog bicycle trailers enable pets to accompany their owners on regular cycling journeys, providing exercise while strengthening the human-animal bond. Manufacturers are responding with new designs focused on safety, ventilation and customization. Some trailers now offer weather protection, built-in water bowls and loading platforms for easy dog access. As more millennials opt for non-motorized commute options due sustainability concerns, sales of dog bike trailers are projected to rise among urban populations seeking low-emission outdoor activities with their furry companions. Furthermore, the popularity of canine sports is spurring demand for athletic gear catered towards dogs, contributing to market growth over the forecast period.

Porter’s Analysis

Threat of new entrants: Low, Since the dog bicycle trailer market is specialized, new entrants need heavy capital investment that acts as entry barriers. Bargaining power of buyers: High. There are many players operating in this market, providing buyers with variety of options. Bargaining power of suppliers: Low. Presence of numerous raw material suppliers minimizes individual supplier power. Threat of new substitutes: Low. There are limited substitutes available for dog bicycle trailers as per safety and pet requirements during cycling. Competitive rivalry: Intense. Major players compete on the basis of product quality, features, pricing and branding.

Key Takeaways

The global Dog Bicycle Trailer Market Share is expected to witness high growth. The global Dog Bicycle Trailer Market is estimated to be valued at US$ 152.7 Mn in 2023 and is expected to exhibit a CAGR of 38.%  over the forecast period 2023 to 2030.

Regional analysis
North America dominates the dog bicycle trailer market owing to growing pet humanization and cycling culture in countries like the US and Canada. Europe holds a significant share due to rising cycling activities among pet owners in countries like Germany, France and the UK. Asia Pacific is fastest growing region with China and Japan being major markets.

Key players
Key players operating in the dog bicycle trailer market are AnaSpec, Inc., Cayman Chemical Company, Kaneka Corporation, Sigma-Aldrich (part of Merck KGaA), Gold Biotechnology, Inc., Xi’an Lyphar Biotech Co.,, Ltd., ChemFaces, Henan Senyuan Biological Technology Co., Ltd., Chengdu Biopurify Phytochemicals Ltd., Shenzhen Lvshiyuan Biotechnology Co., Ltd. These companies compete based on features, quality and pricing of their products.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it