The global pet toys market is anticipated to grow at a considerable CAGR of 6.1% during the forecast period. The rapidly booming pet care industry is realizing the need for personalized and smart tech-based dog toys that cater to the specific end-use requirements of pet users. With increasing, technological advancements pet toys that are enabled with solutions like AI-powered interactive robots are slowly gaining traction, especially among millennial pet owners. Moreover, these hi-tech and smart pet entertainment toys further offer mobile-friendly services and maintain a personalized online profile for owners and their animals. Interactive toys eliminate the need for manual control of toys by pet owners and aid in keeping pets engaged for a long time. Such aspects are expected to play a key role in driving the sales growth of pet toys in the near future. An increasing number of market players are driven by this idea.
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For instance, in February 2020, the PetSafe brand announced the launch of eight new products at the Global Pet Expo. Under its 8 new products offering, PetSafe launched three New Interactive Toys: Dancing Dot Laser Cat Toy, Play Away Timed Toy Box, and Kibble Chase Roaming Treat Dropper. The PetSafe Dancing Dot Laser Cat Toy can be placed on flat surfaces or hung from a doorknob for unique play sessions. Play Away Timed Toy Box dispenses two toys to dogs throughout the day based on a customizable schedule for all-day entertainment. Kibble Chase Roaming Treat Dropper moves throughout the room dispensing treats or kibble along the way, and automatically powers off after 10 minutes.
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Market Coverage
- Segment Covered-
o By Product Type
o By Application
o By Pet Type
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Central Garden & Pet Co., Cosmic Pet LLC, KONG Co., Multipet. Inc., Radio Systems Corp., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Pet Toys Market Report Segment
By Product Type
- Stuffed Toys
- Balls
- Rope and Tug Toys
- Squeaky Toys
- Chew Toys
- Others
By Application
- Indoor Toys
- Outdoor Dog
By Pet Type
- Dog
- Cat
- Others
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