Industry Analysis & Industry Trends
Pet ownership will continue to rise, driving revenue growth in this industry, particularly within the pet food segment. Further, the trend of pet indulgence is increasing the popularity of diverse pet services, such as grooming, walking and even pet therapy. Nonetheless, specialty pet stores continue to compete with supermarkets and big-box stores that carry large inventories of similar products at lower prices... purchase to read more
Industry Report - Industry Key Buyers Chapter
More than one half of the Pet Stores industry's revenue comes from two specialty supply retailers: PetSmart and PETCO. The other portion of the industry consists of family-owned stores, small franchises and small chains of pet stores. The industry has a moderate level of concentration with the top four companies generating an estimated 64.4% of the industry's revenue. Despite the moderate degree of concentration, small operators are still able to find niche markets in their geographical locations, and they rarely expand beyond those areas.
IBISWorld estimates that by the end of 2014, the industry will have about 13,156 firms. According to the latest available data provided by the Census, about 59.1% of pet stores are operated by a small business with no employees... purchase to read more