|Fastest Growing Market:||Asia-Pacific|
|Largest Market:||North America|
Need a report that reflects how COVID-19 has impacted this market and its growth?
Pet Furniture Market is projected to register a CAGR of 5.8% during the forecast period (2022-2027). Despite the global pandemic Covid-19, there is an increase in pet furniture sales as pet adoptions increased during the period and the new pet owners want their pets to settle comfortably in their new homes. In the United States, around 20% increase in pet bed and furniture sales is observed. During Covid-19, internet sales of pet furniture increased as the lockdown restrictions forced the consumers to reduce their shopping trips. Though the industry has faced challenges with logistics and demand uncertainty in the initial phases, the pet furniture market registered positive growth during the pandemic.
Pets play a significant role in social lives across the demographic segmentation in developed countries. This is fuelling the demand for pet furniture. Pet furniture is a specialty product that is manufactured according to the requirements of different types of pets like dogs, cats, and others. Tailor-made design levels have increased and consumers are also giving these products a prominent place in their homes. This has created new segments in pet furniture, especially for handmade products in mid-mid and mid-high markets. Pet furniture is available in pet specialty stores and retail outlets such as supermarkets, hypermarkets, and online globally.
Pet furniture is mainly popular in developed regions of the Americas and Europe, where manufacturers are coming up with new product innovations to help pet owners adapt to convenient lifestyle dogs and cats segment are key to the performance of the market. The Asia Pacific is another growing force in the market which has witnessed dramatic growth in the pet industry. Increasing disposable income which has led to increased spending on pets, rising concerns towards the health and fitness of pets, and increasing demand in developing nations across the globe are some of the key elements expected to prompt the demand for pet furniture over the forecast period.
Scope of the Report
Pet furniture is specially designed for use by cats, dogs, fish, or birds. The Global Pet Furniture Market Is Segmented by Product Type (Beds & Sofas, Houses, Trees & Condos, and Others), Pet type (Dogs, Cats, and Others), and Geography (North America, Europe, Asia-Pacific, South America, and Africa). The report offers market estimation and forecasts in terms of value (USD) for the above-mentioned segments.
|Bed & Sofas|
|Trees & Condos|
Key Market Trends
Popularity of Customized Pet Furniture is Gaining Traction in the Market
The trend of keeping pets and treating them as family members is rising globally. The Millenials, new age pet parents feel their four-legged children, should also have well-furnished homes having their own set of furniture like their owners, which makes more comfortable, durable, and stylish pet accessories/ furniture which does not disturb the aesthetic sense of home.
Customization holds more appeal to the customers as it adds a personal touch to the pet furniture and this factor will play a large role in the growth of the pet furniture market. Manufacturers are using organic or natural materials for making pet furniture.
Further, demand for quality products is growing as pet adoption among millennials is growing. These pet owners are willing to spend more on their pet pals. Pet ownership in the U.S. increased to 70% of households in 2020.
For instance, in 2021, Japanese brand Dinos released a new table designed for both humans and cats to sit together which is made of all-natural oak. Table featuring a perch underneath it, and a hole in the center of the tabletop that provides a seat for the cat. The set includes a dining table, an armless bench, a dining table shelf cushion, and more.
Product innovation through customization is achieved by offering customers the choice to build parts of the pet furniture and choose the material and color of the final product. Also, features such as bedding, built-in storage space, and seating configurations are being offered with customized pet furniture which is very likely to augment the growth of the global pet furniture market over the coming years.
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North America Dominates the Pet Furniture Market
Pet parents in the United States are spending more on their pet's well-being and safety. According to the American Pet Productions Association (APPA) in 2018 alone, pet spending hit USD 90.5 billion, a 20% increase from the year prior.
Cats are especially likely to have free rein with furniture in the United States and dogs are also most likely to have full access to furniture in the country. Introduction of advanced cost-effective and customized furniture, rising concerns towards pet care, increase in health expenditure for animals, thus swelling the demand for pet furniture across the globe.
Pawscape opened its direct-to-consumer website offering a wide range of cat and dog furniture as people are spending more time at home with their pets due to pandemic conditions and remote employment. Pawscape products create innovative products offering a whole new range of furniture specifically designed to nurture each pet.
Further, the Vancouver-based cat furniture company, Tuft+Paw launched its e-commerce platform in 2018. Its tremendous growth, especially in during pandemic, emphasizes the market demand in Canada.
Adding to it, innovation in the raw materials used for the manufacturing of these pet furniture is another factor characterizing the market. Biodegradable materials such as wicker, jute, wood, and laminate not only last longer than plastics and other synthetic substances but are also better for the environment.
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The Pet furniture market is fairly fragmented with many players entering into the market with innovative products to cater to the spiking demand. The players are focusing on innovation by investing a lot in R&D activities in production technologies to design smart pet furniture and improve shelf life.
Natural and eco-friendly are the other eye-catching trends among the consumer and which manufacturers are trying to cater to gain a competitive edge over others.
North American Pet Products
Go Pet Club
PetPals Group, Inc
MidWest Homes For Pets
Ultra Modern Pet
Many international and regional vendors are vying for their share of the market, and players must differentiate themselves to gain vital traction over their peers. For instance, in 2021, the Aldi Pet Shop line has launched the new line of pet furniture collection during Christmas. Some of the products include scalloped chairs available in royal blue or grey and a miniature grey sofa. The retailer has also launched plush pet beds and chairs in early 2021.
In 2020, The start-up Catrub from Germany, introduced its flagship product, the Catrub ONE. The Catrub ONE is the first modular multifunctional cat furniture that includes all of the important features along with a modern design.
In 2020, Hanasan Co. Ltd., a Korean company specializing in interior architecture and wooden furniture, especially pet furniture launched its premium brand, Luxypet on the United States market.
In 2017, Japan’s Okawa Kagu launched a new “craftsman MADE” line of high-quality furniture for cats. This range of collections was made by downsizing the designs of the existing products to fit for fancy felines.
Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Product type
5.1.1 Bed & Sofas
5.1.3 Trees & Condos
5.2 Pet Type
5.3.1 North America
22.214.171.124 United States
126.96.36.199 Rest of North America
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
5.3.3 Asia Pacific
220.127.116.11 Rest of the Asia-Pacific
5.3.4 South America
18.104.22.168 Rest of South America
22.214.171.124 South Africa
126.96.36.199 Rest of the Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 North American Pet Products
6.3.2 Go Pet Club
6.3.3 MidWest Homes For Pets
6.3.4 PetPals Group, Inc
6.3.5 Ultra Modern Pet
6.3.6 Critter Couch Company
6.3.7 Inter IKEA Systems B.V.
6.3.8 Ware Pet Products
6.3.9 Ultra Modern Pet
6.3.10 Design Milk
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. AN ASSESSMENT OF COVID-19 IMPACT ON THE MARKET
Frequently Asked Questions
What is the study period of this market?
The Pet Furniture Market market is studied from 2017 - 2027.
What is the growth rate of Pet Furniture Market?
The Pet Furniture Market is growing at a CAGR of 5.8% over the next 5 years.
Which region has highest growth rate in Pet Furniture Market?
Asia-Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Pet Furniture Market?
North America holds highest share in 2021.
Who are the key players in Pet Furniture Market?
North American Pet Products, Go Pet Club, PetPals Group, Inc, MidWest Homes For Pets, Ultra Modern Pet are the major companies operating in Pet Furniture Market.