U.S. Pet Furniture Market is Anticipated to Witness High Growth Owing to Greater Emphasis on Pet Wellness and Happiness
U.S. Pet Furniture Market |
The U.S. pet furniture market is involved in the
manufacturing and sales of various products related to pet furniture. This
includes pet beds, pet houses, couches for pets, and other equipment that helps
pets feel comfortable and cozy. There has been a rise in pet humanization and a
focus on pet wellness in recent years. Pet owners want to provide their furry
companions with a proper resting area as they believe pets also deserve
comfortable furnishings. Pet furniture can help reduce stress for pets and
improve their quality of sleep. It also adds aesthetic value to a home.
The
Global U.S. Pet Furniture Market is estimated to be valued at US$ 2.3 Bn in
2024 and is expected to exhibit a CAGR of 5.8% over the forecast period 2024 To
2031.
Key Takeaways
Key players operating in the U.S. pet furniture are Midwest Homes for
Pets,Inkgrid,Inter IKEA Systems B.V.,PetPals Group, Inc,Modene Pet
Furniture,North American Pet Products,Go Pet Club,MidWest Homes for Pets,Ware
Pet Products.
The rising adoption of U.S.
Pet Furniture Market Demand is generating for specialized products
catering to their needs. As people increasingly view pets as companions and
family members, they are willing to invest more in premium pet care products
and services. This provides opportunities for manufacturers to launch
innovative and technologically advanced solutions.
Many manufacturers are focusing on strengthening their distribution networks
and entering untapped regional markets to benefit from the overall growth of
the pet industry globally. Companies are also exploring partnerships and
mergers & acquisitions for solidifying their presence across major
countries.
Market Drivers
- Growing population of pet dogs and cats in the US: According to the APPA,
U.S. pet ownership continues to rise, with 69% of households (about 85 million
families) owning a pet. This burgeoning pet population is fueling sales of
related goods like pet furniture.
Market Restraints
- Premium pricing of specialized pet furniture: Customized, high-quality pet
furniture made of superior materials like memory foam comes at a high price
point, restricting its adoption among budget-conscious owners. This acts as a
key challenge for manufacturers.
Segment
Analysis
The U.S. pet furniture market is dominated by the dog
beds segment owing to increasing dog ownership. Dog beds hold over 30% share in
this market on account of surge in nuclear families and rising popularity of
canine companionship. Features like orthopedic fillings, material softness, and
portable sizes have made dog beds a practical and comforting purchase for pet
parents looking to give their furry friends cosy napping spaces. Other major
segments include tree houses, furniture sets, and outdoor enclosures that
provide stimulation and entertainment for pets indoors as well as outdoors.
Global Analysis
The Western region leads the U.S. pet furniture market with states like
California, Texas and Florida accounting for a significant demand. Increased
awareness about pets' wellness needs and higher spending abilities of residents
in these states have propelled the sales of speciality furniture. The
Midwestern region closely follows aided by its large pet population and growing
acceptance of dogs and cats in households. However, the Southern region is
witnessing the fastest growth on back of surging pet adoption trends and rising
disposable incomes allowing owners to invest more on their furry companions.
Focus on products made with organic and natural materials also drives sales
across regions.
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more insights on U.S.
Pet Furniture Market
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