Puppy love: Changing consumer attitudes will increase demand for luxury industry services

The Pet Grooming and Boarding industry has nearly doubled over the past decade. Demand for pet grooming, boarding, training and walking is at an all-time high, driven by rising pet ownership, improved disposable income and changing consumer preferences regarding pet care. Pet parents have been purchasing a greater range of high-value services for their pets, contributing to industry revenue growth. Furthermore, industry operators have expanded their services to capture additional revenue. Pet groomers are increasingly providing luxuries like pet cologne. The outlook remains bright for the Pet Grooming and Boarding industry. Rising pet ownership will increase demand for services and per capita income will allow more owners to be able to afford luxury services...purchase to read more.

Industry Statistics & Market Size
Revenue
$8bn
Annual Growth 12-17
6.6%
Forecast Growth 17-22
Profit
Employment
210,225
Businesses
112,957
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Pet owners have been purchasing a greater range of high-value services for their pets
  • A shift in consumer attitudes has resulted in strong demand for luxury goods for pets
  • Rising per capita disposable income and increased pet ownership will drive sales growth
  • Industry Report - Industry Investment Chapter

    The Pet Grooming and Boarding industry has a low level of capital intensity. In 2017, for every $1.00 spent on labor, the industry will invest just $0.09 in capital. The majority of training, boarding and grooming operations are labor-intensive rather than capital-intensive, as employees are needed for exercising, feeding, grooming and cleaning pets. Operators also rely on store staff for customer service roles and arranging merchandise.Although there is a low degree of capital intensity, most dog-grooming operations must purchase dryers, tables, tubs, floor grills and trays, faucets and often ramps for pets. Additionally, pet-boarding operators must purchase bowls, bedding and cleaning materials as well as enclosures for pets. Ind...purchase to read more.

    Additional Insights for the Pet Grooming & Boarding Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Pet Grooming & Boarding Industry are

  • Proximity to key markets
  • Effective quality control
  • Access to multi-skilled and flexible workforce
  • IBISWorld analysts also discuss how external factors such as Number of pets (cats and dogs) and Per capita disposable income in the Pet Grooming & Boarding industry impact industry performance..

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    What's in this report

    What is the Pet Grooming & Boarding Industry?

    This industry primarily provides pet care services such as boarding, grooming and training. This industry includes animal shelters, obedience training services, guard dog training services, pet boarding and animal grooming services. This industry does not include establishments that predominantly retail products, board horses, transport pets nor those that practice veterinary medicine.

    Industry Products
  • Pet grooming
  • Pet training
  • Pet boarding
  • Pet sitting and dog walking
  • Industry Activities
  • Animal grooming
  • Operating animal shelters
  • Boarding pets
  • Operating dog pounds
  • Guard dog training
  • Obedience training
  • Pet sitting
  • Pet training
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of pets (cats and dogs)
  • Per capita disposable income
  • Number of households
  • Demand from pet stores
  • National unemployment rate

  • Current Performance
  • Growing pet ownership
  • Changing consumer attitudes
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Industry landscape
  • Increasing competition
  • Table: Pet Grooming & Boarding Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Pet Grooming & Boarding Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Animal Food Production
  • Soap & Cleaning Compound Manufacturing
  • Toy, Doll & Game Manufacturing

  • Products & Services
  • Pet boarding
  • Pet grooming
  • Other
  • Pet sitting and dog walking
  • Pet training
  • Chart: Pet Grooming & Boarding Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • People aged 30 to 49
  • People aged 50 to 64
  • People aged 18 to 29
  • People aged 65 and over
  • Chart: Major Market Segmentation for the Pet Grooming & Boarding Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesOther
  • Chart: Cost Structure Benchmarking – Sector vs Pet Grooming & Boarding

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Pet Grooming & Boarding Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Pet Grooming & Boarding Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Pet Grooming & Boarding Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Number of pet cats and dogs (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Pet Grooming
  • A service that can provide dog or cat washing, shampoo, drying, clipping, nail cutting and other services as demanded by owners and depending on the pet.
  • Pet Hotel
  • A boarding kennel for cats and dogs that sometimes offers luxury services for pets.
  • Pet-Sitting
  • Pet-minding service while owners are away on holidays or business trips.
  • What Our Customers Say

    Why buy this report?

    The Pet Grooming & Boarding Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Pet Grooming & Boarding:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Pet Grooming & Boarding market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Pet Grooming & Boarding, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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