The global pet furniture market is expected to reach $9.2 billion by 2032, Future Market Insights Inc.
North America is expected to dominate the global pet furniture market with North American companies holding 40-45% of total sales. The cat segment is going to be a big winner because people who own cats tend to have more of them than other types.
NEWARK, Del, 04 Jul. 2022 (GLOBE NEWSWIRE) — The pet furniture market is poised to reach a valuation of 5 billion US dollars in 2022. Sales are expected to increase to a 6.2% CAGRthe size of the market reaching US$9.2 billion by 2032.
The growing adoption of pets around the world has led to a high demand for pet furniture. The growing trend of pet parents to spend on premium and multi-functional products is expected to augment the market growth.
Increased investment in research and development has led to the introduction of durable pet furniture products. Pet care products that provide health and comfort benefits as well as entertainment for pets are gaining momentum in the market.
In addition to this, players are launching new products on online retail channels to enhance their regional presence. Consumers prefer online retail channels in emerging economies due to the lack of specialty pet stores. Increasing sales through digital platforms will drive the growth of the market over the forecast period.
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“The growing adoption of pet furniture in animal rescue organizations, along with the growing influence of pet humanizing culture via social media platforms, will drive pet furniture sales. pets in the world,” said an IMF analyst.
Key points to remember:
North America is expected to dominate the global pet furniture market, holding 40-45% of the total market share.
Cat trees and condos will account for 30-30% of total pet furniture sales.
Based on the type of pet, the cat segment will emerge as a lucrative segment.
Demand for cotton-based pet furniture will remain high.
Sales of pet furniture at pet specialty stores will continue to gain momentum.
The Asian pet furniture market is expected to witness significant growth owing to the growing adoption of pets in major countries like India, China, and South Korea.
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Key players in the global pet furniture market are FurHaven Pet Products, Aosom LLC, Go Pet Club LLC, PetPals Group Inc., Inter IKEA Holding BV, MidWest Homes for Pets, North American Pet Products, Ware Pet Products, Shanghai Senful Pet Products Co. Ltd, Tuft and Paw Co., Fable Pets, Wild One Co., LayLo Pets Co., PetGear Inc., Nest Bedding Inc., Prevue Pet Products, and Pet So Good, among others.
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Future Market Insights in its new offering provides an unbiased analysis of the global pet furniture market, showcasing historical demand data (2017-2021) and forecast statistics for the period 2022-2032. divulges compelling information about the pet furniture market. based on by product type (homes, sofas and beds, trees and condos, and others), by pet type (dogs, cats, and others), by material type (cotton, plush, fabric, wood, and others), by sales (wholesalers/retailers, hypermarkets/supermarkets, direct sales, pet shops, online stores and other sales channels) in seven major regions.
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Market by category
By product type:
sofa and bed
Condos and Trees
By type of animal:
By type of material:
By sales channel:
Pet specialty stores
Other sales channel
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1.1. Global Market Outlook
1.2. Summary of key statistics
1.3. Summary of key findings
1.4. Analysis of product evolution
1.5. MFI analysis and recommendations
2.1. Market Taxonomy
2.2. Market definition
3. Key Market Trends
3.1. Key trends impacting the market
3.2. Winning themes
3.3. Key Product Development Trends
3.3.1. Product launches
3.3.2. Acquisitions & Mergers
4. 2017-2021 Global Pet Furniture Market Demand Analysis and Forecast, 2022-2032
4.1. Historical Analysis of Market Volume (Units), 2017-2021
4.2. Current and future projections of market volume (units), 2022-2032
4.3. Analysis of annual growth trends
Read the full table of contents…!
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