Report ID: SQMIG30K2011
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.
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Report ID: SQMIG30K2011