Pet Furniture Market

Pet Furniture Market – Overview

The global pet furniture market is expected to grow at a favorable rate from 2021 to 2031 (forecast period). Pet furniture is significantly popular and broadening at a rapid pace in developed regions of the United States and Europe. Manufacturers are creating new and innovative goods that consider pets' comfort and health in order to aid pet owners in adopting a more convenient lifestyle

Additionally, rising disposable income, which has been a major factor for increased pet expenditure, and increasing concerns about pet health and fitness, are some of the key elements projected to drive the pet furniture market throughout the projection period.

Pet Furniture Market – Competitive Landscape

Key players in the global pet furniture market are Nest Bedding, FurHaven Pet Products, Go Pet Club, MidWest Homes for Pets, PetPals Group, Inc, North American Pet Products, Prevue Pet Products, Taizhou Huamao Handicraft Article Co., Ltd, Ultra Modern Pet, Ware Pet Products. Other noticeable players are Ferranti, Miacara, Suzy's Creations, Berkeley dog beds limited, Dog Sofa, Tateno, Big Barker, Casper, and IRIS.

The leading companies are focusing on innovation by investing heavily in R&D efforts in production technologies to produce smart pet furniture and enhance shelf life. The finest long-term growth potential for this sector can be obtained by assuring continuing process improvements and financial flexibility to invest in the best methods.

Pet Furniture Market – Trends and Opportunities

Pet ownership and treatment of pets as family members is becoming increasingly popular around the world. Buyers prefer personalization because it offers a personalized feel to pet furniture. This feature is expected to play a significant part in the expansion of the pet furniture market. Makers are using natural materials for manufacturing pet furniture. Additionally, amenities such as built-in storage space, bedding, and seating combinations are being provided with customized pet furniture, which is expected to boost the worldwide pet furniture market over the forecast period.

Despite the outbreak of COVID-19, there has been a spike in pet furniture sales since pet adoptions surged throughout the period, and new pet owners want their pets to feel at peace in their new homes. In the United States, there has been a 20% growth in a pet bed and furniture sales. Online sales of pet furniture soared during COVID-19 when lockdown limitations drove consumers to limit their shop visits. Moreover, despite initial issues with logistics and demand uncertainties, the pet furniture market witnessed positive development during the pandemic.

Pet Furniture Market – Regional Landscape

The North America pet furniture market is anticipated to witness significant growth during the forecast period. Dogs and cats are the most popular, representing more than 80% of the domestic animal population in the region. In the United States, consumers own a variety of animals such as birds, fish, reptiles, and horses. As a result, spending on pet furniture has increased dramatically. As per the American Veterinary Medical Association, rural states in the United States have the greatest rate of domestic animal ownership. Wyoming, Mississippi, West Virginia, Vermont, Nebraska, Idaho, Oklahoma, Indiana, Colorado, and Arkansas are among these states.

The pet furniture market in Europe is projected to expand during the forecast period. As per the European Pet Food Industry Federation (FEDIAF), the pet accessories industry was worth USD 7.9 billion in 2017.

Asia Pacific is projected to contribute to the pet furniture market growth. India has the world's fastest-growing dog population. India's rising per capita income has enabled people to spend more on luxury items such as pet furniture. Moreover, China is expected to experience significant growth in the regional market. Furthermore, in Australia, 92% of cats and 76% of dogs are kept indoors, implying a high need for pet furniture in the country.