Pet Boarding Services Market Size (2024 - 2029)

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.