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Dog Gates, Doors & Pens Market Size, Growth Factors, Top Leaders, Trends, Analysis, Competitive Landscape and Regional Forecast 2031
The global dog gates, doors, & pens market projects a staggering growth, topping a valuation of approximately US$ 8.9 Bn over the forecast period of 2021 and 2031.
Growing adoption of dogs across the globe and technological innovation in the products are the major factors propelling growth. Increasing pet humanization among millennials, especially across India, Brazil, and Australia, are increasing the consciousness regarding the pet welfare.
On the back of the aforementioned factor, demand for dog gates, doors, & pens will surge at over 6.6% CAGR during the forecast period. With increasing social media penetration, millennials are increasingly becoming aware regarding their responsibilities towards animals.
Increasing initiatives undertaken by animal rights activists and growing adoption of shelter animals have encouraged the millennials to adopt dogs as pets. Thereby, increasing the sales of dog doors and pens.
As per the FMI’s analysis, due to the onset of the novel COVID-19, the global dog gates, doors, & pens sales grew moderately as manufacturing activities were disrupted. However, adoption of pets surged, especially across India and Brazil, which boosted the demand for dog pens.
Hence, to cater the surging demand, key players relied on e-commerce giants such as Amazon and Walmart to sustain their position and generate lucrative revenues, benefiting the market.
Key Takeaways from FMI’s Dog Gates, Doors, & Pens Market Study
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For More Information: https://www.futuremarketinsights.com/reports/dog-gates-doors-and-pens-market