Need companions to drive the global robotic pet toy market | Technavio

0

LONDON–(COMMERCIAL THREAD)–The global robotic pet toys market is expected to grow at an impressive CAGR of nearly 65% ​​from 2017 to 2021, according to a new market research report from Technavio.

Global Robotic Pet Toys Market Segmentation By Product And Distribution Channel The report by Technavio on the Global Robotic Pet Toys Market analyzes the business dimensions and presents a complete breakdown in terms of market segmentation by product, which includes robotic dogs and robotic cats. In 2016, the global robotic pet toys market was dominated by the dog segment and is expected to maintain this position during the forecast period. This segment is in high demand due to the number of varieties available on the market.

“Interactive puppies with multiple sensors that ensure it behaves like a living pet dog is a variation. Robotic dogs are the most popular robotic toys for pets, because dogs, in general, are pets. common companions. Therefore, people who wish to keep a dog, but cannot afford to maintain a living dog, prefer robotic companion dogs as a companion. Robotic companion dogs have several preprogrammed actions and can be controlled using a remote control ”, says Narendra Nandaigari, chief analyst at Technavio for pet supplies research.

Depending on the distribution channel, the global robotic pet toys market is segmented into three main segments comprising specialty stores, department stores and online retail. In 2016, specialty stores dominated the global robotic pet toy market with a share of over 55%. These stores are home to popular brands of robotic pet toys and stock products. They sell similar types of products in all of their outlets. RobotShop is one of the most popular specialty stores for robotic pet toys.

This report is available at a discount of $ 1,000 for a limited time: See a market overview before you buy

Buy 1 Technavio report and get the second for 50% reduction. Buy 2 Technavio reports and get the third for free.

Robotic Pet Toys Market: Competitive Landscape for Suppliers

The global robotic pet toys market The global robotic pet toy market has few established players, making it a slightly concentrated market. Product innovation is expected to be a key market trend during the forecast period. These competitors compete against each other on many factors including price, quality, brand and variety. Hasbro, Spin Master, and WowWee Group are the major suppliers to the global robotic pet toy market.

Are you looking for more information on this market? Request a free sample report

Technavio sample reports are free and contain several report sections including market size and forecast, drivers, challenges, trends, etc.

Other topics covered in the report:

Market factors:

  • No mess and stains around

  • No bathing and grooming required

Market challenges:

  • Malfunction and safety issues

  • Presence of unorganized players and availability of counterfeit products

Market trends:

  • The advent of solar powered robotic pet toys

  • Introduction of an open software platform in the robotics industry

Get a copy of the global robotic pet toys market free report

Access Technavio’s continued growth pet supplies Research library and find expert analysis in hundreds of markets.

About Technavio

Technavio
is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialist analysts, Technavio’s report library consists of over 10,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

If you are interested in more information, please contact our media team at [email protected]


Source link

Share.

Comments are closed.