The pet sitting market involves a range of services that enable pet owners to provide daycare as well as routine maintenance like feeding, walking and grooming for pets when their owners are away from home. The pet sitting industry facilitates options like daily visits, overnight stays, boarding facilities and live-in pet care that ensure pets remain happy, healthy and well-taken care of during the owner’s absence. Growing urbanization and increase in dual-income households have boosted demand for professional pet care services.
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 are 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. The key players are focusing on integrating technologies like AI, IoT and mobile apps to enhance pet monitoring and owner engagement.
The growing Pet Sitting Market Size services along with higher disposable income levels present major opportunities in the market. Emerging technologies allow monitoring pets remotely and automate routine tasks like feeding and exercising using smart gadgets, which is positively impacting the pet sitting market.
Integration of AI and IoT enables tracking pets’ activities and behaviors for early illness detection, 360-degree monitoring through smart cameras and automated feeders/ toys. Technologies provide peace of mind to owners and enhanced services to pets, driving higher industry adoption.
Market Drivers
Increasing pet humanization trends and rising number of pet owners see professional pet care services as crucial for their pet’s well-being and happiness while away from home. Surging millennial population and growth in number of single-person and dual-income households also contribute to pet sitting market growth. Furthermore, innovations in pet tech solutions are enabling higher customization and quality of pet sitting services.
Current challenges in the Pet Sitting Market
The pet sitting market is facing several challenges currently. As the demand for pet sitting services is increasing, there is a shortage of qualified pet sitters. Since it involves caring for pets in the owner’s absence, pet sitters require certain skills and qualifications. Finding sitters who are trustworthy and have pet care experience is challenging. Another issue is the irregular nature of demand. While some sitters are fully booked, others may have inconsistent bookings. This affects business planning and income stability for pet sitters. Geographic limitations also pose a challenge as not all areas have suitable sitters available. Gaining customer trust is crucial but difficult without references and reviews. Current technologies used for sitting management can be improved to enhance transparency and customer experience.
SWOT Analysis
Strengths: Growing demand for pet services due to pet humanization. Strong brand recognition and appeal of leading national petcare companies.
Weaknesses: Shortage of qualified pet sitters. Technological capabilities need further developments.
Opportunities: Scope to expand into new services like dog walking, pet grooming. Underpenetrated rural markets offer growth potential.
Threats: Competition from small, localized pet sitting businesses. Economic downturns may reduce disposable incomes spent on pet care.
North America leads in terms of value share of the global pet sitting market currently. This is attributed to high pet ownership rates in countries like the US and Canada. Factors such as dual income households, urbanization, and shift towards nuclear family structures have boosted demand for professional pet care services. The Asia Pacific region is projected to experience the fastest growth during the forecast period. Countries like India, China, and Japan are witnessing rising pet adoption along with increasing willingness to spend on pet wellness. Growing young urban population and their preference for nuclear families will support market expansion across Asia Pacific.
The United States accounts for the largest share of the global pet sitting market currently in terms of value. This is due to high per household pet ownership in the country along with increasing dependence on professional pet care as dual income families rise. Going forward, the Asia Pacific region especially China and India is expected to register the fastest growth through 2031. Improving standards of living, nuclearization of families, and growing acceptance of pets as companions are fueling the demand for pet sitting services across emerging Asian economies.
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1. Source: Coherent Market Insights, Public Source, Desk Research
2. We have leveraged AI tools to mine information and compile it.