May 18, 2024
Dog Bicycle Trailer Market

Dog Bicycle Trailer Market is driven by increasing pet ownership and humanisation of pets

Dog bicycle trailers provide a convenient and safe transportation solution for pet dogs. These trailers allow dogs to accompany their owners on bicycle rides and other outdoor activities. Dog bicycle trailers come equipped with comfortable padding and safety restraints to provide a comfortable ride for dogs. They help owners stay active with their dogs without overexerting the pets. The growing trend of pet humanisation and increasing pet ownership, especially of dogs, has been a major driver for the dog bicycle trailer market. According to recent surveys, over 65% of American households own a pet.

The global dog bicycle trailer market is estimated to be valued at US$ 152.07 Mn in 2024 and is expected to exhibit a CAGR of 9.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
One of the key trends in the dog bicycle trailer market has been the increasing demand for customized and lifestyle-oriented trailers. Manufacturers are focusing on developing trailers with fashionable and ergonomic designs to appeal to pet parents. For example, trailers are now available in different colors, patterns, and finishes to match the personality and preferences of dogs and their owners. Some high-end trailers also come equipped with features like protective cabins, sunshades, windows, mobile shelves, and cooling ventilation systems. The focus on customization allows consumers to choose trailers based on their lifestyle, commute needs, and dog’s temperament. This growing demand for customized trailers tailored for recreation as well as daily commutes is expected to drive the growth of the market during the forecast period.

Porter’s Analysis
Threat of new entrants: The dog bicycle trailer market has a moderate threat of new entrants due to required capital investments and technology. However, opportunities exist for specialized or customized products.
Bargaining power of buyers: Buyers in the dog bicycle trailer market have moderate bargaining power due the availability of substitutes. However, buyers seek quality, safety, and innovative features.
Bargaining power of suppliers: A few main suppliers exist for raw materials and components providing them stronger power over market players.
Threat of new substitutes: Substitutes include dog strollers and pet carriers, but trailers provide added safety and convenience during cycling.
Competitive rivalry: Market players compete mainly on product variety, pricing, and features for increased market share.

Key Takeaways
The Global Dog Bicycle Trailer Market Size is expected to witness high growth over the forecast period.

Regional Analysis: North America is projected to be the fastest growing regional market owing to higher pet ownership and popularity of outdoor activities involving pets.

Key players operating in the dog bicycle trailer market are RF Code Inc., HID The U.S. Corporation, AMS AG, Omni- ID Ltd., Impinj Inc., NXP Semiconductors N.V., Alien Technology, Invengo Information Technology Co., Ltd., and Confidex Ltd., Avery Dennison Corporation. The increasing trend of cycling activities with pets and focus of players on product innovation and launches will drive the market during the forecast years.

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