Robotic Pet Dogs Market to record USD 914.33 Bn growth — Technavio identifies Ageless Innovation LLC, BIRANCO Ltd., and Consequential Robotics Ltd. as key vendors
The market will observe an incremental growth of USD 914.33 million between 2021 and 2026. However, the growth momentum is expected to decelerate at a CAGR of 11.28% during the forecast period.
The global robotic pet dogs market is concentrated and comprises several global, regional, and domestic vendors. These vendors focus on major factors, such as brand, labor, quality, and innovation, to compete in the market. In addition, they emphasize developing innovative products to sustain themselves in the competitive market. They also focus on building brands and brand equity to differentiate themselves from their competitors. They differentiate themselves based on quality and price.
Although the efficiency of robotic pet dogs in entertaining the aged population, purpose of leisure, and high adoption of artificial intelligence technologies will offer immense growth opportunities. In addition, market trends such as the increased adoption of multi-channel marketing and promotional strategies will further increase the growth opportunities for market vendors. However, the high price for advanced robotic pet dogs, increased number of pet ownership, and the presence of counterfeit robotic pet dogs will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Robotic Pet Dogs Market 2022-2026: Segmentation
The global robotic pet dogs market is segmented as below:
The offline distribution channel accounted for maximum sales in the market. The increasing sales of robotic pet dogs through specialty stores and other retailing formats, such as hypermarkets, supermarkets, convenience stores, and clubhouse stores, as well as department stores are driving the growth of the segment. However, during the forecast period, the sales of robotic pet dogs are expected to increase through online channels due to changing consumer preferences toward online stores.
The market will observe significant growth in North America. The region will occupy 35% of the global market share during the forecast period. The growth of the regional market can be attributed to factors such as the launch of featured and premium robotic products, including robotic dogs, increasing use of online platforms for purchasing robotic products, and rising awareness and adoption of robotic pet dogs as a new source of entertainment for children in the US.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our robotic pet dogs market report covers the following areas:
Robotic Pet Dogs Market 2022-2026: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the robotic pet dogs market. Backed with competitive intelligence and benchmarking, our research report on the robotic pet dogs market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
Robotic Pet Dogs Market 2022-2026: Key Highlights
Decelerate at a CAGR of 11.28%
North America, Europe, APAC, South America, and Middle East and Africa
North America at 35%
US, Japan, China, Germany, and UK
Leading companies, competitive strategies, consumer engagement scope
Ageless Innovation LLC, BIRANCO Ltd., Consequential Robotics Ltd., Contixo, Dimple nyc., Hyundai Motor Co., Sony Group Corp., SoundOriginal Electronics Co. Ltd., Tombot Inc., WEofferwhatYOUwant, and WowWee Group Ltd.
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period.
Customization purview
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Table Of Contents :
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Distribution Channel
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
About Us
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