Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, the Global Pet Furniture Market Size is Estimated to Grow from USD 1.73 Billion in 2023 to USD 2.81 Billion by 2033, Growing at a CAGR of 4.97%during the forecast period 2023-2033.
Browse key industry insights spread across 215 pages with 110 Market data tables and figures & charts from the report on the Global Pet Furniture Market Size, Share, and COVID-19 Impact Analysis, By Product (Pet Houses, Pet Sofas & Beds, Pet Trees, and Others), By Pet Type (Cats, Dogs, Aquatic Birds, and Others), By Distribution Channel (Supermarkets & Hypermarkets, Online Stores, Specialty Stores, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
The industry that produces and markets furniture for pets to sleep, play, and relax is known as the global pet furniture market. Pet furniture is unique furniture designed to meet the needs of different kinds of animals, including cats, dogs, and others. Materials such as plastic and metal, which are used to make pet furniture, have an impact on the rise in demand for pet furniture. Pet furniture helps protect animals and enforces stringent laws that improve online sales of pet care products. Manufacturers are experiencing more opportunities to raise the profitability of their pet products due to the humanization of pets, which is the practice of treating pets like members of the family. Additionally, the market for pet furniture is expected to grow during the aforementioned projected timeframe due to the growing demand for eco-friendly furniture and innovative designs, as well as the growing demand for customization. However, the high costs of personalized pet furniture and the availability of alternatives will probably serve as market barriers to the pet furniture industry's expansion over the previously stated forecast period.
The pet sofas & beds segment held the largest share of 37.43% in 2023 and is estimated to grow at a CAGR of 2.70% throughout the projection period.
Based on the product, the global pet furniture market is categorized into pet houses, pet sofas & beds, pet trees, and others. Among these, the pet sofas & beds segment held the largest share of 37.43% in 2023 and is estimated to grow at a CAGR of 2.70% throughout the projection period. The preference for multipurpose pet furniture means that in addition to being comfortable for pets, it is also considered a home accent in many places, giving it an aesthetic quality. The market for pet beds and sofas is expanding significantly due to the increased demand for various dog and cat furniture styles. Home furnishings are protected from harm by the growing demand for pet beds and couches.
The dogs segment anticipated the largest market share in 2023 and is expected to grow at a CAGR of 4.19% throughout the projection period.
Based on the pet type, the global pet furniture market is classified into cats, dogs, aquatic birds, and others. Among these, the dogs segment anticipated the largest market share in 2023 and is expected to grow at a CAGR of 4.19% throughout the projection period. The high adoption rates in the US, China, and the UK are contributing to the notable increase in the number of dogs worldwide. Custom dog beds and furnishings are becoming more and more popular, as the World Population Review estimates that 30% of households worldwide own a dog. The desire for creative, multipurpose items with features like temperature control and orthopaedic support is fueled by pet owners' investments in their comfort and well-being as a result of the humanization of pets.
The supermarkets & hypermarkets segment accounted for the largest share of 47.15% in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the distribution channel, the global pet furniture market is divided into supermarkets & hypermarkets, online stores, specialty stores, and others. Among these, the supermarkets & hypermarkets segment accounted for the largest share of 47.15% in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The cohabitation of physical retail formats, such as supermarkets and hypermarkets, provides customers with a comfortable one-stop pet furniture purchasing experience. Shoppers on a tight budget are drawn to well-known brands and reasonable pricing through exclusive promotions. As pet ownership rises, the well-organized design of these businesses matches the increased demand for easily accessible shopping options while also improving product exposure and making it easier to find specialty pet supplies.
North America is expected to hold the largest share of the global pet furniture market through the forecast period.
North America is expected to hold the largest share of the global pet furniture market through the forecast period. North America's wealthy customer base and high pet ownership rate are major factors propelling the market's expansion. In this area, there is a particularly strong tendency toward pet humanization, with pet owners prepared to spend money on stylish and high-quality furniture for their animals. The expansion of the pet furniture business in North America is also supported by the existence of reputable producers and a sophisticated retail infrastructure.
Asia Pacific is predicted to grow at the fastest CAGR of the global pet furniture market over the forecast period. The demand for high-end pet products is being driven by the region's rising pet ownership and discretionary incomes. As pet owners in China, India, and Japan become more conscious of their pets' requirements, multipurpose furniture and environmentally friendly materials are becoming more popular. Strict laws about pet safety also encourage innovation and industry expansion.
Competitive Analysis
Major key players in the global pet furniture market include Go Pet Club, Ware Pet Products, MiaCara, Inter IKEA Systems B.V., PetPals Group, Inc., North American Pet, and North American Product, Aosom LLC, Fable Pets, Inc., Critter Couch Company, MidWest Homes for Pets, and others.
Recent Developments
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global pet furniture market based on the below-mentioned segments:
Global Pet Furniture Market, By Product
Global Pet Furniture Market, By Pet Type
Global Pet Furniture Market, By Distribution Channel
Global Pet Furniture Market, By Regional Analysis
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