Pet Furniture Market size was valued at US$ 5.2 Bn. in 2021. Pet Furniture will encourage a great deal of transformation in the Furniture and Home Decor Industry.
Pet Furniture Market Overview:Pet furniture is furniture designed by manufacturers to meet the needs of many types of pets, such as dogs, cats, and other animals. A pet is an animal that is kept primarily for the company or pleasure of its owner, rather than as a working animal, livestock, or laboratory animal. Dogs and cats are two of the most popular pets. Rabbits, ferrets, pigs, rodents such as gerbils, hamsters, chinchillas, rats, mice, and guinea pigs; avian pets such as parrots, passerines, and fowls; reptile pets such as turtles, alligators, crocodiles, lizards, and snakes; aquatic pets such as fish, freshwater and saltwater snails, amphibians. To know about the Research Methodology :- Request Free Sample Report Though market forecasting through 2027 is based on real output, demand, and supply of 2020, 2020 numbers are also estimated on real numbers published by key players as well all-important players across the world. Market forecasting till 2027 is done based on past data from 2016 to 2019 with the impact of global lockdown on the market in 2020 and 2021.
Pet Furniture Market Dynamics:The desire for creative and attractive pet accessories, such as furniture, is on the rise. Furniture has changed dramatically in the last several years all across the world. This industry's manufacturers are working on multi-functional and stylish product innovations that can meet the needs of pet owners. They've taken a design-driven approach that can blend in with the pet owner's home decor. The products' materials are also changing throughout time. Designer designs and quality fabrics, faux furs, and wickers are among the materials used by manufacturers. Jute and banana leaves, for example, are natural and environmentally beneficial raw materials that are gaining favor among customers. Domestic animal spending has been steadily increasing over the world. Toys, apparel, beds, travel equipment, collars, leashes, bowls, medicine, presents, grooming services, and veterinary services are among the most expensive items purchased by pet owners. The millennial generation is spending more than any other age group. On a global scale, 40% of owners were in the millennial age group as of 2019. The increase in expenditure, along with the enormous enthusiasm of the millennial generation, is driving the growth of the market. Domestic animals are generally viewed as family members, which encourages owners to devote more time to them. The trend of introducing and keeping dogs in offices has been growing recently. Another key trend that has motivated manufacturers to invest in multi-functional beds is the growing demand for them. These multi-functional beds are designed to keep track of the animal's weight while also controlling the climate to ensure the pet's comfort. Moreover, some products might provide benefits to both the pet and the owner. This furniture combines a pet bed and owner's furniture in one unit, including a coffee table, bedside table, and chair. Consumers with limited space are driving up demand for these types of furniture. Certain factors such as customizable pet furniture are appealing to younger consumers because it has been offering a way to embellish pieces or a way to alter the purpose of a furniture design. Availability of a huge range of fashionable and multifunctional pet furniture. Pet furniture designs have evolved noticeably over the last couple of years and market players are looking for innovative ways to combine multiple functions and styles to serve the demands of pet lovers. Players in the global pet furniture market are investing a huge amount of money in research and development work to design smart pet furniture for customers are driving the pet furniture market. Certain features, such as customizable pet furniture, appeal to younger customers because they provide a means to personalize items or change the function of a furniture design. A large selection of trendy and useful pet furniture is available. Pet furniture designs have changed significantly in recent years, and industry participants are seeking new ways to mix numerous functions and styles to meet the needs of pet owners. Another factor driving the market is the fact that pet furniture manufacturers spend a lot of money on research and development as well as materials, making all of these goods highly expensive. Collaboration with modern technology not only results in a significant improvement in pet furniture, but it also meets the needs of owners, resulting in a plethora of pet furniture market potential. Key Developments: • Inter IKEA Systems has introduced a line of eco-friendly furniture and pet toys made of organic materials. LURVIG - Swedish for 'hairy' is the name of IKEA's new pet furniture collection. Pet beds, pillows, scratching posts, and other pieces in the collection are meant to fit around existing furniture. • PetPals Group, Inc. is a global provider of pet products situated in California. PetPals Group was the first to use environmentally friendly materials in pet product design, such as paper rope, seagrass, jute, and banana leaf. They also offer pet food, accessories, and medications delivered to their customers' homes. Petpal is a one-of-a-kind e-commerce website that offers free countrywide shipping and the best prices on pet items.
Pet Furniture Market Segment Analysis:By Product, in 2020, beds and sofas dominated the market with 38% of the market. There are a variety of mattresses and sofas that are made to fit the user's weight, size, and shape. The demand for temperature control and orthopedic beds has risen significantly in recent years as a result of their health benefits. Both heavy padding and thin padding electric heating beds are offered. Gel packs are also offered to keep the bed cool in the summer. Over the years, donut beds, bolster beds, pillow or cushion beds, and outside cots have all gained popularity. By Application, the Dog segment dominated the market with a 43% share in 2020. The United States, China, Russia, Japan, the Philippines, India, Argentina, and the United Kingdom have the world's largest dog populations. In 2020, more than 63 million households in the United States possessed over 90 million dogs. Dogs are nice to humans and enjoy playing with them, therefore the practice of keeping them and treating them like family members is gaining traction around the world. Various customizable and comfy elements in furniture, such as kennel beds, doughnut beds, and regular dog beds, have been introduced by manufacturers to fit their needs. The cat segment is expected to grow at a CAGR of 4% through the forecast period. The United States, China, Russia, Brazil, France, Germany, the United Kingdom, and Italy are the countries with the most cats. Cat ownership is estimated to be over 44.6% in the United States, with spending on these animals increasing over time. By Distribution Channel, because the bulk of pet furniture products is supplied through supermarkets and pet stores that feature affordable, mid-priced brands. Most people prefer to buy pet accessories at physical stores like specialty stores and supermarkets since they can get them whenever they need them. Pet Smart, for example, is an American retail chain that offers pet services such as grooming, boarding, food, and toys, and has utilized omnichannel modeling to provide a seamless purchasing experience.
Pet Furniture Market Regional Insights:In 2020, North America dominated the market with a 40 % share. In 2019, 70% percent of American homes have a pet. Dogs and cats are the most popular among them, accounting for almost 80% of the country's domestic animal population. Fish, birds, reptiles, and horses, on the other hand, are adopted in large numbers. In the United States, people own a variety of animals. In the United States, 47 % of households have more than one pet. These factors are driving the growth of Pet Furniture in this region. In 2020, Europe with about 80 million households owning domestic animals. More than 22% of households have dogs, and more than 25% of households have cats. Dogs and cats are owned by 45.32% of Romanian households. Fish is the most popular domestic animal in the United Kingdom. These factors are boosting the demand for pet furniture in Europe. Asia Pacific is expected to grow at a CAGR of 7% through the forecast period. India boasts the world's fastest-growing dog population. In India, rising per capita income has allowed people to spend more on luxury items like pet furniture. Another emerging market for the product in China. The most important marketplaces in this economy are Beijing and Shanghai. In Australia, 90 % of cats and 77.14 % of dogs are kept indoors. These factors are expected to grow the market through the forecast period. The objective of the report is to present a comprehensive analysis of the Pet Furniture market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Pet Furniture market dynamics, structure by analyzing the market segments and projecting the Pet Furniture market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Pet Furniture market make the report investor’s guide.
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Pet Furniture Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2027 Historical Data: 2017 to 2021 Market Size in 2021: US $ 59.95 Bn. Forecast Period 2022 to 2027 CAGR: 6.1 % Market Size in 2027: US $ 89.37 Bn. Segments Covered: by Product • Beds & Sofas • Houses • Trees & Condos • Others by Application • Cats • Dogs • Others by Distribution Channel • Offline • Online
Pet Furniture Market, by Region• North America • Europe • Asia Pacific • MEA • Latin America
Pet Furniture Market Key Players• North American Pet Products • Go Pet Club LLC • Midwest Homes For Pets • PetPals Group, Inc • Critter Couch Company • Inter IKEA Systems B.V. • Ware Pet Products • Ultra-Modern Pet • Design Milk 1] What segments are covered in the Pet Furniture Market report? Ans. The segments covered in the Pet Furniture Market report are based on Product, Application, and Distribution Channel. 2] Which region is expected to hold the highest share in the Pet Furniture Market? Ans. Asia Pacific Region is expected to hold the highest share in the Pet Furniture Market. 3] What is the market size of the Pet Furniture Market by 2027? Ans. The market size of Pet Furniture Market by 2027 is US $ 7.87 Bn. 4] What is the forecast period for the Pet Furniture Market? Ans. The Forecast period for Pet Furniture Market is 2022-2027. 5] What was the market size of the Pet Furniture Market in 2020? Ans. The market size of Pet Furniture Market in 2020 was US $ 5.2 Bn.
1. Global Pet Furniture Market Size: Research Methodology 2. Global Pet Furniture Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Pet Furniture Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Pet Furniture Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Pet Furniture Market Size Segmentation 4.1. Global Pet Furniture Market Size, by Product (2021-2027) • Beds and Sofas • Houses • Trees & Condos • Others 4.2. Global Pet Furniture Market Size, by Application (2021-2027) • Dogs • Cats • Others 4.3. Global Pet Furniture Market Size, by Distribution Channel (2021-2027) • Offline • Online 5. North America Pet Furniture Market (2021-2027) 5.1. North America Pet Furniture Market Size, by Product (2021-2027) • Beds and Sofas • Houses • Trees & Condos • Others 5.2. North America Pet Furniture Market Size, by Application (2021-2027) • Dogs • Cats • Others 5.3. North America Pet Furniture Market Size, by Distribution Channel (2021-2027) • Offline • Online 5.4. North America Pet Furniture Market, by Country (2021-2027) • United States • Canada • Mexico 6. European Pet Furniture Market (2021-2027) 6.1. European Pet Furniture Market, by Product (2021-2027) 6.2. European Pet Furniture Market, by Application (2021-2027) 6.3. European Pet Furniture Market, by Distribution Channel (2021-2027) 6.4. European Pet Furniture Market, by Country (2021-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Pet Furniture Market (2021-2027) 7.1. Asia Pacific Pet Furniture Market, by Product (2021-2027) 7.2. Asia Pacific Pet Furniture Market, by Application (2021-2027) 7.3. Asia Pacific Pet Furniture Market, by Distribution Channel (2021-2027) 7.4. Asia Pacific Pet Furniture Market, by Country (2021-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Pet Furniture Market (2021-2027) 8.1. The Middle East and Africa Pet Furniture Market, by Product (2021-2027) 8.2. The Middle East and Africa Pet Furniture Market, by Application (2021-2027) 8.3. The Middle East and Africa Pet Furniture Market, by Distribution Channel (2021-2027) 8.4. The Middle East and Africa Pet Furniture Market, by Country (2021-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Pet Furniture Market (2021-2027) 9.1. Latin America Pet Furniture Market, by Product (2021-2027) 9.2. Latin America Pet Furniture Market, by Application (2021-2027) 9.3. Latin America Pet Furniture Market, by Distribution Channel (2021-2027) 9.4. Latin America Pet Furniture Market, by Country (2021-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. North American Pet Products 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. North American Pet Products 10.3. Go Pet Club LLC 10.4. Midwest Homes For Pets 10.5. PetPals Group, Inc 10.6. Critter Couch Company 10.7. Inter IKEA Systems B.V. 10.8. Ware Pet Products 10.9. Ultra-Modern Pet 10.10. Design Milk