Market Trends of Pet Boarding Services Industry
Dog Segment is Expected to Witness Significant Growth Over the Forecast Period
The dog pet type segment dominated the market with the largest revenue share in 2023. The market's significant share of the dog pet type segment is attributed to the substantial adoption of these services for canine breeds, coupled with their growing population in developed countries. For instance, the United States was estimated to have about 97 million pet dogs in 2024, according to the American Veterinary Medical Association (AVMA), APPA. The increasing population of pet dogs in several vital countries is expected to contribute to the demand for short-term and long-term boarding services for dogs.
Dogs are the most favored pets among pet owners worldwide and are among the most familiar domestic pets. They are also listed as one of the friendliest pets owned by individuals and are usually depicted as man's best companions, offering their friendship and company to people. Grooming, training, and group play activities are essential for dogs, and they are expected to fuel demand for pet boarding services during the forecast period.
Therefore, the dog segment is expected to grow significantly over the forecast period due to the abovementioned factors.
North America is Expected to Dominate the Pet Boarding Services Market
North America is expected to dominate the market owing to factors such as the rising adoption of pets, growing pet care expenditures, and the availability of pet care service providers in the region. The United States pet boarding service market is projected to be foremost in the global market owing to the availability of advanced pet lodging services, the rapid surge in pet adoption rates, and increasing pet spending.
As per the National Pet Owners Survey conducted by the American Pet Products Association (APPA) in 2022-2023, around 86.9 million homes, i.e., 66% of households in the United States, are estimated to own a pet. Moreover, around USD 136.8 billion was spent on pets in the United States in 2022, with USD 58.1 billion on foods and treats. This elevation in pet adoption is creating lucrative opportunities for the market players. Therefore, owing to the factors above, the growth of the studied market is anticipated in North America.
The United States witnessed intense growth in the pet industry in recent years. The pet owners also subscribe to pet insurance services to ensure the treatment costs associated with the pet's health. For instance, in 2023, as per the report published by Nationwide, pet ownership is on the rise in the United States. More than 90.5 million households have at least one pet, and 64% of pet owners are likely to purchase pet health insurance. As per the same source, about 3,000,000 claims are processed annually in the US, or 271,000 claims per month, with an average claim turnaround of 3 days. The boom in pet insurance services has resulted in a massive rise in owning a pet in the house with proper financial support. This, in turn, increases the demand for pet boarding services and expands the market growth rate.
