USD 3.81 billion
Pet Furniture Market Size, Share, Growth Analysis, By Pet(Cat, Dog, and others), By Product(Pet sofas and beds, Pet houses, Pet trees, and others), By Material(Cotton, Plush, Fabric, Woods), By Distribution Channel(Specialty stores, Supermarket and Hypermarket, Online, and Offline), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30K2011 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
121
|Figures:
81
Pet Furniture Market Insights
Global Pet Furniture Market size was valued at USD 3.81 billion in 2022 and is poised to grow from USD 4.03 billion in 2023 to USD 6.38 billion by 2031, at a CAGR of 5.9% during the forecast period (2024-2031).
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.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Dog
Fastest Growth
Dog
Growth Rate
5.9% CAGR
Global Pet Furniture Market, 2021-2030 ($ Bn)
Country Share for North America Region- 2021 (%)
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Pet Furniture Market Segmental Analysis
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.
Global Pet Furniture Market By Pet Type, 2021 (%)
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Pet Furniture Market Regional Insights
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.
Global Pet Furniture Market By Geography, 2021-2030
- Largest
- Fastest
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Pet Furniture Market Dynamics
Drivers
Work from Home has Influenced More People to Splurge on Their Pets
- People are spending more time and energy caring for pets, and the trend of adopting and caring for pets is rapidly growing across the globe. There has been an increase in the adoption of pet furniture that meets the needs of pets, which is expected to lead to market growth. According to the 2019-2020 national pet owners survey conducted by the American Pet Products Association, around 67% of households in the US own a pet. This represents a total of nearly 85 million families. The rising disposable income of people and improvements in living standards are expected to increase significant growth in the pet furniture market. The concept of pet grooming, also known as "grooming," is growing in popularity among pet lovers. The pet industry tries to maintain hygiene and find ways for pets to provide comfort at home, which is expected to have a positive effect on pet market segments.
Restraints
High Cost to Hinder Market Growth
- The high-priced cozy smart pet houses and beds are often popular because they provide comfortable surfaces and temperature control adjustments for seating and sleeping purposes to pets. This can be a challenge for various income sections to afford pet furniture that is comfortable, which can hinder the market's growth.
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Pet Furniture Market Competitive Landscape
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
- Armarkat
- Bowsers Pet Products
- Crown Pet Products
- Drs. Foster & Smith
- FURminator, Inc.
- Go Pet Club
- Hartz Mountain Corporation
- Jollyes Pet Superstore
- K&H Pet Products
- Kuranda USA
- M Pets
- Merry Products Corporation
- Midwest Homes for Pets
- Petco Animal Supplies, Inc.
- Petmate
- PetPals Group Inc.
- Prevue Pet Products, Inc.
- Richell USA, Inc.
- The Refined Feline
- Ware Manufacturing, Inc.
Recent developments
- To bridge the gap in all market categories, Pepperfry has chosen to enter the pet care industry in November 2022. While its immediate goal is to consolidate supplies from specialized pet brands and producers to create a robust pet furniture market.
- Nest Bedding expanded its market penetration and grew its customer base by introducing natural pet beds in October 2022.
- September 2022 PetSmart unveiled a special line of items for animals and their owners in collaboration with interior designers Jeremiah Brent and Nate Berkus. Fish, reptiles, and small pets are all catered for with the new assortment of furniture, accessories, and decor.
- A new line of miniature rattan loungers for dogs was introduced by German retailer Aldi in July 2022. These loungers come with a detachable water dish, a chic rattan frame, and a canopy for shade throughout the day.
Pet Furniture Key Market Trends
- The "pet parent" culture has created many opportunities for key players in the global pet furniture market. Millennials are increasingly demanding eco-friendly and high-quality products, which is set to help the growth of the industry. The humanization of pets, which means treating pets as part of a family, is likely to drive the global pet market. The rising spending on furry-partners by pet owners is likely to encourage manufacturers to invest more into their research and development departments. This will lead to an increase in the number of new product launches, which will drive sales.
Pet Furniture Market SkyQuest Analysis
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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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Pet Furniture Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Pet Furniture Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
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.
Analyst Support
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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