Industry Analysis & Industry Trends
Rapidly increasing consumer awareness and acceptance of industry offerings has benefited the Pet Insurance industry. In the next five years, the number of pets is anticipated to rise and homeownership rates are forecast to rebound. As a result, industry revenue will increase. However, an enhanced focus on technological platforms and gains from economies of scale will cause wages as a share of revenue to decline slowly.... purchase to read more
Industry Report - Industry Locations Chapter
The distribution of industry establishments is largely determined by population trends. Larger and more populated states tend to have more industry establishments than their smaller counterparts. Population density is also an important indicator of the number of establishments in each state. States with low density tend to have more establishments per individual than densely populated regions. In contrast, densely populated regions have fewer establishments but larger offices.
In addition to population, the distribution of industry establishments is also influenced by the wealth characteristics of a state or region. The decision to own a pet, a prerequisite for the distribution of industry policies, is largely determined by disposable income levels... purchase to read more