Animal Rescue Shelters
Business for Sale Industry Economics
2005 - 2020
2020 - 2026
Pet rescue shelters have grown over the last five years, with people adopting pets helping the Animal Rescue Shelters industry. According to the Humane Society of the United States, animal shelters save an estimated 6.0 to 8.0 million dogs and cats per year (HSUS).
Many animal health awareness outreach efforts have helped to secure funds for many local shelters in response to the large number of animal rescues each year, further benefiting the industry.
Furthermore, the American Society for the Prevention of Cruelty to Animals (ASPCA) reports that 31.0 percent of cats and 34.0 percent of dogs are obtained from an animal shelter.
As a result, industry sales rose at an annualized rate of 8.5 percent to $3.1 billion in the five years to 2020, with a small decrease of 1.6 percent in 2020 as the COVID-19 (coronavirus) epidemic roiled end markets and tainted customer affordability.
Animal rescue shelters have seen rapid development in the five years leading up to 2020, thanks to both customers and animal rights organizations assisting animal shelters in mitigating animal overpopulation.
Due to the large number of strays and wild cats, sponsors and government officials have come forward to provide assistance, allowing animal shelters to receive funding, develop outreach services, and plan for potential disasters.
For example, the American Society for the Prevention of Cruelty to Animals (ASPCA) reports that an estimated 3.3 million dogs and 3.2 million cats visit animal shelters each year, increasing the need for animal shelter facilities.
Furthermore, several jurisdictions have provided funding for animal shelters to combat health-related problems such as rabies outbreaks in communities with a high number of unvaccinated, free-roaming dogs and cats.
Many municipalities, animal control agencies, and other corporations will provide funding to the Animal Rescue Shelters industry over the next five years, but fiscal austerity due to the COVID-19 (coronavirus) outbreak will stymie potential industry development.
Since several towns and states are facing a tax revenue shortfall, it is possible that they will be forced to cut new expenses in order to fund existing liabilities.
With too many people out of jobs right now, the state’s unemployment benefit liabilities have skyrocketed, and based on the pace of recovery, potential tax income is expected to be stretched thin, putting significant rises in support for business institutions in question.
This sector involves businesses that include a temporary shelter and caring for stray and neglected dogs as they look for permanent homes.