USD 3.81 billion
Report ID:
SQMIG30K2011 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
121
|Figures:
81
Pet Furniture Market size was valued at USD 4.03 Billion in 2023 and is poised to grow from USD 4.27 Billion in 2024 to USD 6.76 Billion by 2032, growing at a CAGR of 5.9% during the forecast period (2025-2032).
Pet furniture is furniture designed to meet the needs of a variety of pets, such as dogs, cats, and other animals. A pet is an animal that is kept primarily for the company or entertainment of its owner, rather than as a working, domestic, or experimental animal. Pet furniture is becoming increasingly popular and gaining in popularity in developed regions of the United States and Europe. Manufacturers create new and innovative pet comfort and health merchandise to help pet owners adopt a more convenient lifestyle.
There are various factors that are expected to drive the pet furniture market over the next few years, including rising disposable income, concerns about pet health and fitness, and increasing demand for pet products. The popularity of keeping pets and treating them like family members is growing around the world. Millennials believe that their pets should have their own set of furniture in their homes, which makes for more comfortable, durable, and stylish pet accessories and furniture. Customization is important to customers because it gives each pet furniture piece a personalized touch. This factor will continue to grow in importance in the market.
The demand for pet-friendly offices and travel-related pet furniture is likely to increase in the near future. The popularity of trendy and multipurpose pet furniture is expected to drive the pet furniture market in the future. Thermostatic control is also available on smart beds, meaning that owners can change the temperature.
The growth of the pet furniture industry is being driven by increased demand, which is helping to increase the industry as a whole. The furniture includes a bed for a pet, a coffee table, a bedside table, and a chair. Each piece of furniture is included in a single item, which makes it easy to move around. As more and more consumers find themselves with limited space, they are driving up demand for furniture that takes up less space.
US Pet Furniture Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 3.81 billion
Largest Segment
Dog
Fastest Growth
Dog
Growth Rate
5.9% CAGR
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The pet furniture market is segmented on the basis of by pet type, By product type, By material type, By distribution channel, and by geography. Whereas, By pet type it is segmented into the Cat, Dog, and others. By product type it is segmented into the Pet sofas and beds, Pet houses, Pet trees, and others. By material type it is segmented into the Cotton, Plush, Fabric, Woods, and others. By distribution channel it is segmented into the Specialty stores, Supermarket and Hypermarket, Online, and Offline. By region IT is classified into North America, Europe, Asia pacific, South America, and the Middle East and Africa.
Analysis by Pet
The Dog segment is expected to witness significant growth in the forecast period. Dogs are considered to be friendly by humans and they often enjoy playing around with people. This trend of keeping dogs and treating them like family members is on the rise globally. According to the 2019-20 pet ownership survey conducted by the American Pet Product Association, dogs owned by U.S. households accounted for the highest number of about 89 million. The popularity of dogs has been on the rise for a long time now. The furniture manufacturers have introduced a variety of customizable and comfortable features in furniture, including kennel beds, donut beds, and standard dog beds that meet the needs of different dogs.
Analysis by Product
The Pet sofas and beds segment is estimated to witness a dominant share in the segment . There are a variety of pet beds available, in different shapes, sizes, and colors. Some beds are large enough for your pet dog or cat to rest and stretch out. These beds have a removable cover that makes it easy to clean them, restoring the hygiene and cleanliness of the pets. There are a variety of beds available in the market, like standard dog beds, donut beds, orthopedic dog round cat beds, which are in high demand. The various seating configurations and bedding features have led to an increase in pet sales and sofas sales.
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The North American pet furniture market is expected to experience substantial growth over the Forecast period. As disposable income continues to grow and people's lifestyles change, manufacturers are coming up with new product innovations to help pet owners adapt to a more convenient lifestyle. For example, the pet club in America has a diverse portfolio of pet care products, including pet carriers, pet strollers, pet beds, and a wide selection of cat trees that are attractive and functional and support healthy growth of pet animals. The increased concern about healthcare for pets has created a large opportunity for the pet furniture industry in the US. The pet furniture product produced in this region meets the functional and aesthetic needs of pet animals. The manufacturers have consistently created innovation by building comfortable beds and sofas that provide health information such as the pet's body weight and sleeping patterns. The increased demand for pet accessories has driven up furniture sales in recent years, which is helping to drive the growth of the pet market.
The European region is expected to experience significant growth globally with the increasing number of e-commerce platforms and retail stores, and the growing number of investments in pet animals like cats, dogs, aquatic animals, birds. The growth of the e-commerce segment is likely due to the increasing adoption of online platforms. Pet care products are typically distributed through online retailers due to their cost-effective and easy availability. The materials used in petting animals are usually natural and harmless. For example, Polish pet retailer Wikipet offers around 500 different models of pet beds filled with organic and anti-allergic foam that remembers the weight and shape of the pet, providing them with more restful sleep.
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Drivers
Work from Home has Influenced More People to Splurge on Their Pets
Restraints
High Cost to Hinder Market Growth
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The leading companies are focusing on innovation by investing heavily in R&D efforts to develop production technologies that produce smart pet furniture and improve shelf life. A sector with long-term growth potential can achieve its objectives by ensuring ongoing process improvements and financial flexibility to invest in the latest methods.
Top players company profiles
Recent developments
Sky Quest’s ABIRAW (Advanced Business Intelligence, Research and Analysis Wing) is our Business Information Services team that collects, collates, Co-relates and analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Pet Furniture Market analysis, All demographic groups in developed nations value having pets in their social lives. Pet furniture demand is being fueled by this. Pet furniture is a specialty item that is created to meet the needs of various breeds of animals, including dogs, cats, and others. In addition to consumers giving these products a prominent place in their homes, the level of custom design has increased. Due to this, there are now new markets for pet furniture, particularly for handmade items in mid- to high-end markets. Pet specialty shops, retail establishments like supermarkets and hypermarkets, and online retailers all around the world have pet furniture.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 3.81 billion |
Market size value in 2031 | USD 6.38 billion |
Growth Rate | 5.9% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
Recent developments
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Pet Furniture Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Pet Furniture Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Pet Furniture Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Pet Furniture Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG30K2011
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