Overview - The pet industry has a long history in developed countries, while the domestic pet industry in China is relatively new but is rapidly growing due to rising consumer spending, changing attitudes, and demographic shifts such as aging population and single-child families [1][9] - The pet boarding sector, as a significant part of the pet industry, is experiencing a golden period of rapid development, with the market size expected to reach 2.81 billion yuan in 2024, representing a year-on-year growth of 24.91%, with over 80% of the market share attributed to dog and cat boarding [1][9] Development History - Pet boarding services began to gain attention in the 1990s as economic development and living standards improved, initially characterized by simple, home-based services [3] - In the 21st century, the focus shifted to service quality and user experience, expanding from basic care to include grooming, health care, and behavioral training, leading to the emergence of specialized boarding institutions [3] Industry Chain - The upstream of the pet boarding industry includes pet food, supplies, pharmaceuticals, and medical services [5] - The midstream consists of pet boarding service providers responsible for daily care, which may also offer medical care, grooming, and training services [5] - The downstream includes pet owners, whose demands directly influence industry development [5] Current Development - The number of pets in China is increasing, with pet cats expected to reach 71.53 million and pet dogs 52.58 million by 2024, contributing to the growth of the pet boarding industry [7][9] Competitive Landscape - The demand for pet boarding services is increasing, especially during holidays, attracting significant capital into the market, leading to intensified competition [11] - The market is primarily dominated by pet stores and veterinary hospitals, which account for over 60% of the market share [11] Key Companies - Beijing Petdog Technology Development Co., Ltd. has established a significant presence with 1,500 pet chain stores and a comprehensive pet education and training base [14] - Shenyang Qianxun Pet Medical Co., Ltd. focuses on animal rescue and offers a range of services including pet boarding, with all profits directed towards animal welfare initiatives [16] Future Trends - The pet boarding industry is expected to implement stricter standards and regulations to enhance service quality and ensure pet health and safety [18] - There will be a growing emphasis on personalized services based on individual pet characteristics, including tailored dietary plans and specialized activities [18]