Rabbit Cages Market Overview
As per the latest research done by the Fact.MR, rabbit cages market has experienced a near stagnant growth rate during the historical period of 2016-2020. During the forecast period, the demand for rabbit cages is expected to show moderate growth. This increase is anticipated as growing pet adoption rate in Americas and Asia Pacific is anticipated to propel global pet cage expansion, which is fueling rabbit cages market.
What Are Driving Factors For Rabbit Cages Market?
According to the American Pet Products Manufacturing Association’s (APPMA) survey from pet owners, rabbits have displaced hamsters as a preferred small pet. This factor made them the third most common domestic mammal after cats and dogs. Hence the penetration of rabbits is on a spike, which brings demand to supply gap for rabbit storages, which eventually rises the demand for rabbit cages.
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Rabbits are generally timid and non-aggressive, sociable with one another, whereas males will ambush each other after reaching maturity. As a reason pet owners and rabbit poultries should have cages in handy such that they can differentiate male rabbits, in order to protect them from hurting themselves. This is a basic driver for rabbit cages market, which has high impact for driving the market.
Growth in discretionary income is another significant driving force in the rabbit cages sector. Pet owners with more disposable income are more likely to consider buying pet care equipment and products such as rabbit cages. As a result of this trend, these goods are expected to be in demand during the forecast period.
Regional Outlook of Global Rabbit Cages Market:
Americas and European regions are anticipated to account for a major chunk of market shares in sales revenue of rabbit cages. As these regions have large number of rabbits as pets when compared to the rest of regions. Also these regions are anticipated to have a significant rise in the adoption rate of pets and most significantly rabbits as main preference in small animal category.
Over the regions like East Asia and Oceania, the pet adoption rate is high which is causing the market to be in demand. Also raising food industry hiked the demand for rabbit cages indirectly, by propelling demand for raising rabbits for meat.
Increased awareness of pet health and wellbeing is driving demand in the Middle East and Africa. Furthermore, the rapid urbanization of this area propels business development. Rabbits have grown in popularity in Asia-Pacific because they are small mammals with less maintenance required, such that rabbits make themselves favorable for single or working people.
How COVID-19 Does Impact The Rabbit Cages Market?
The COVID-19 epidemic had a negative impact on global and regional economies, impacting nearly all sectors and nations. The rabbit cages industry suffered a setback as a result of unpredictable circumstances such as a halt in overall production and services. Despite having a significant effect on the global pet accessories industry, these disruptions are likely to be temporary and to fade as industries restart production.
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Because of the COVID-19 virus, policymakers implemented lockout guidelines, causing many residents to remain at home. This condition resulted in a lack of demand for rabbit cages, which had a negative effect on market demand from consumer side. However, in the post COVID scenario, consumer demand is expected to increase as increased adoption rate of rabbits is high.
Who Are The Key Manufacturers of Rabbit Cages Market?
The rabbit cages market is a fragmented, hence, the market comprises of more number of regional and international players at the market. Some of the leading manufacturers and suppliers of rabbit cage include
- Bass Equipment Company
- KW Cages
- SmithBuilt Crates
- Pets at Home Ltd
- Pointer Hill Pet Products
- Martins Cages
- Wisdom Global Limited
- Midwest Homes for Pets and others.
Manufacturers are actively operating with the objective of achieving a significant share of the market, using both organic and inorganic growth strategies. The main objectives of key players are product launch, collaboration, acquisition, and progressively improving their online sales and distribution channel.
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