Allied Market Research published a new report, titled, “Pet Toys Market” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
Pet toys are used by pets to use their excess energy and play. Pet toys provide physical and mental stimulation and enhancement. They help prevent pets from scratching, chewing, and digging on furniture, couch, and shoes. These are also used to train the pets and humanize them. Pet owners tend to choose safe and reliable products for their pets. The safety of pet toys depends upon the product size, material, play style, pet size, and activity level.
There are different types of pet traction ropes available in the market. Customers can choose from these according to their pet’s comfort and affordability. This availability of wide range of pet traction belts increases the demand for this product in the market. Increase in pet ownership in the Asia-Pacific region drives the growth of the market. Moreover, surge in the usage of e-commerce platform has significantly increased the sale of pet toys on these platforms.
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Companies are also engaged in creating durable, resilient, stylish, chic, and pet friendly toys. For instance, in July 2019, Wild One, a leading market player in the pet toys industry has introduced a product line of well crafted and understated dog toys. This collection includes range of pet toys products such as bolt bite, twist toss and triangle tug which comes in variety of colors along with sleek designs. The company claims it to be made of 100% natural and non-synthetic cotton and rubber.
Regions covered – North America (U.S., Canada and Mexico), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)
Competitive analysis – Petstages, Premier Pet Products, Starmark, Tuffy, West Paw Design, Worldwise, All-Star, Bradley Caldwell, JW Pet, Kong Company, Kyjen, Multipet, Petmate, Canine Hardware, Company Of Animals, Fab, Hartz, Hyper Products, Jolly Pets
COVID-19 Scenario Analysis:
The COVID-19 outbreak has caused a decline in the growth of the global industries creating a mass disruption for buyers as well as sellers. Markets and production units have been shutdown globally which has stopped the production, sale, and marketing of the product. This has also offered an opportunity for the companies to look after their supply chain relationship and business models for the future.
Key Segments Covered:
• Distribution Channel
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Key benefits of the report:
• This study presents the analytical depiction of the global pet toys industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global pet toys market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global pet toys market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global pet toys market analysis based on competitive intensity and how the competition will take shape in the coming years.
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to offer business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.