Pet Boarding Services Market Size (2024 - 2029)

The pet boarding services market is experiencing significant growth, driven by increased pet ownership and spending on pet services, particularly in developed countries. The trend of humanizing pets has led to a demand for premium and personalized lodging services, as pet owners seek accommodations that offer comfort and care similar to that provided at home. The expansion of pet-friendly travel and tourism, along with the needs of dual-income households, has further fueled the demand for reliable pet boarding facilities. Additionally, the aging pet population and pets with special needs are prompting the emergence of specialized lodging options. Technological advancements, such as online booking and real-time communication apps, are enhancing the convenience and experience for pet owners, contributing to the market's expansion.

Market Size of Pet Boarding Services Industry

Pet Boarding Services Market Summary
Study Period 2021 - 2029
Market Size (2024) USD 7.74 Billion
Market Size (2029) USD 10.90 Billion
CAGR (2024 - 2029) 7.10 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Pet Boarding Services Market Major Players

*Disclaimer: Major Players sorted in no particular order

Pet Boarding Services Market Analysis

The Pet Boarding Services Market size is estimated at USD 7.74 billion in 2024, and is expected to reach USD 10.90 billion by 2029, growing at a CAGR of 7.10% during the forecast period (2024-2029).

The increased pet ownership during the COVID-19 pandemic among Millennials and Gen X has resulted in substantial growth in the pet services sector. In July 2023, a research paper published by the American Pet Products Association (APPA) stated that as of 2022, 70% of United States households owned a pet, up from 67% in 2021. Additionally, 14% of current or non-pet owners have added a new pet to their household since the pandemic. According to the U.S. Bureau of Labor Statistics, consumer spending on pet products and services rose by 9% in 2023, with pet food rising by 12.1%. The consumer spending on pet services and products is expected to fuel M&A activity as strategic and private equity acquirers compete to purchase high-growth, recession-resistant assets with loyal customer bases.

The growing expenditure for non-medical veterinary services in developed countries such as the United States further contributes to market growth. The increasing trend of humanizing pets has significantly impacted the pet boarding services market. Pet owners now consider their furry companions family members and seek accommodations that provide similar comfort and care. The rapid increase in non-medical veterinary service expenses has led to the rise of premium and personalized pet lodging services that cater to pet's unique needs and preferences. According to the American Pet Products Association (APPA), the expenditure on pet services, such as boarding, was around USD 11.4 billion in 2022 and was projected to reach USD 11.8 Billion in 2023.

With the growth of pet-friendly travel and tourism, pet owners are looking for accommodations that allow them to explore new destinations with their pets. The growth of pet-friendly locations and activities has created opportunities for pet boarding facilities in popular tourist destinations, offering convenient and comfortable stays for pets and their owners. The increasing number of dual-income households has increased demand for pet boarding services. With busy work schedules and travel commitments, pet owners require reliable and trustworthy accommodations to ensure the well-being of their pets in their absence. The growing pet-friendly travel and tourism has fueled the growth of professional pet lodging facilities that provide pets with a safe and nurturing environment.

The aging pet population and pets with special needs require specific care and accommodations. The requirement for special care services for the aged population has led to the emergence of specialized pet lodging facilities that cater to the unique requirements of these pets, including mobility assistance, medical supervision, and personalized attention. The integration of technology in the pet lodging market is transforming the industry. From online booking platforms to mobile apps for real-time updates and communication, technological advancements have enhanced the convenience and experience for pet owners and facility operators.

Pet Boarding Services Industry Segmentation

As per the scope of the report, pet boarding services typically care for dogs, cats, and other small animals while their owners are away on holiday, for work, or special occasions. The Pet Boarding Services market is segmented By Pet Type (Dogs, Cats, and Others), By Care Type (Long Term, Short Term), By Service Type (Group Play Sessions, Exercise, Poolside Daycare, Pet Sitting, and Other Service Types), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD) for the above segments.

By Pet Type
Dogs
Cats
Others
By Care Type
Long Term
Short Term
By Service Type
Group Play Sessions
Exercise
Poolside Daycare
Pet Sitting
Other Service Types
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America
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Pet Boarding Services Market Size Summary

The pet boarding services market is experiencing significant growth, driven by increased pet ownership and the humanization of pets, particularly among Millennials and Gen X. The COVID-19 pandemic has further accelerated this trend, with a notable rise in pet adoption rates. As pets are increasingly viewed as family members, there is a growing demand for premium and personalized boarding services that cater to their unique needs. The market is also benefiting from the rise in non-medical veterinary expenditures and the trend of pet-friendly travel, which has created opportunities for boarding facilities in popular tourist destinations. The integration of technology, such as online booking platforms and mobile apps, is enhancing the convenience and experience for pet owners, contributing to the market's expansion.

North America, particularly the United States, is expected to dominate the pet boarding services market due to high pet adoption rates and substantial pet care expenditures. The region's advanced pet lodging services and increasing pet spending are key factors driving market growth. The dog segment holds a significant share of the market, fueled by the popularity of dogs as pets and the demand for grooming, training, and group play activities. The market is fragmented, with numerous global and regional service providers, and is witnessing strategic mergers and acquisitions as companies seek to capitalize on high-growth opportunities. The rise in pet insurance services further supports market expansion by encouraging pet ownership and increasing the demand for boarding services.

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Pet Boarding Services Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Pet Ownership & Animal Humanization Trends

      2. 1.2.2 Growing Popularity of Pet Care Services

      3. 1.2.3 Rising Pet Care Expenditure in Developed and Developing Countries

    3. 1.3 Market Restraints

      1. 1.3.1 High Cost of Boarding Services

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - USD)

    1. 2.1 By Pet Type

      1. 2.1.1 Dogs

      2. 2.1.2 Cats

      3. 2.1.3 Others

    2. 2.2 By Care Type

      1. 2.2.1 Long Term

      2. 2.2.2 Short Term

    3. 2.3 By Service Type

      1. 2.3.1 Group Play Sessions

      2. 2.3.2 Exercise

      3. 2.3.3 Poolside Daycare

      4. 2.3.4 Pet Sitting

      5. 2.3.5 Other Service Types

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Mexico

      2. 2.4.2 Europe

        1. 2.4.2.1 Germany

        2. 2.4.2.2 United Kingdom

        3. 2.4.2.3 France

        4. 2.4.2.4 Italy

        5. 2.4.2.5 Spain

        6. 2.4.2.6 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 Japan

        3. 2.4.3.3 India

        4. 2.4.3.4 Australia

        5. 2.4.3.5 South Korea

        6. 2.4.3.6 Rest of Asia-Pacific

      4. 2.4.4 Middle East and Africa

        1. 2.4.4.1 GCC

        2. 2.4.4.2 South Africa

        3. 2.4.4.3 Rest of Middle East and Africa

      5. 2.4.5 South America

        1. 2.4.5.1 Brazil

        2. 2.4.5.2 Argentina

        3. 2.4.5.3 Rest of South America

Pet Boarding Services Market Size FAQs

The Pet Boarding Services Market size is expected to reach USD 7.74 billion in 2024 and grow at a CAGR of 7.10% to reach USD 10.90 billion by 2029.

In 2024, the Pet Boarding Services Market size is expected to reach USD 7.74 billion.

Pet Boarding Services Market Size & Share Analysis - Growth, Trends, and Forecasts (2024 - 2029)