(MENAFN- PR Newswire)
NEW YORK, Oct. 14, 2024 /PRNewswire/ -- Report on how AI is driving market transformation - The Global Pet Furniture Market size is estimated to grow by USD 4.5 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost
6.1%
during the forecast period. Availability of wide range of fashionable and multifunctional pet furniture
is driving market growth,
with a trend towards
advent of smart pet bed . However,
growing awareness of pet allergies among human beings
poses a challenge - Key market players include Catipilla Ltd., Central Garden and Pet Co., Designer Pet Products, Doskocil Manufacturing Co. Inc., Enchanted Home Pet, Fantasy Manufacturing Ltd., Go Pet Club, Hangzhou Tianyuan Pet Products Co. Ltd., Inter IKEA Holding B.V., Kitty Mansions, Lord Lou, Meyou Paris SAS, MiaCara GmbH and Co. KG, MidWest Homes for Pets, North American Pet Products, Omega Paw Inc., PetPals Group Inc., Petz Podz Ltd., Prevue Pet Products, and Ware Manufacturing Inc..
Continue Reading
Technavio has announced its latest market research report titled Global Pet Furniture Market 2024-2028
Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report
| Pet Furniture Market Scope |
| Report Coverage |
Details |
| Base year |
2023 |
| Historic period |
2018 - 2022 |
| Forecast period |
2024-2028 |
| Growth momentum & CAGR |
Accelerate at a CAGR of 6.1% |
| Market growth 2024-2028 |
USD 4579.9 billion |
| Market structure |
Fragmented |
| YoY growth 2022-2023 (%) |
5.6 |
| Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
| Performing market contribution |
North America at 32% |
| Key countries |
US, China, France, Brazil, and Germany |
| Key companies profiled |
Catipilla Ltd., Central Garden and Pet Co., Designer Pet Products, Doskocil Manufacturing Co. Inc., Enchanted Home Pet, Fantasy Manufacturing Ltd., Go Pet Club, Hangzhou Tianyuan Pet Products Co. Ltd., Inter IKEA Holding B.V., Kitty Mansions, Lord Lou, Meyou Paris SAS, MiaCara GmbH and Co. KG, MidWest Homes for Pets, North American Pet Products, Omega Paw Inc., PetPals Group Inc., Petz Podz Ltd., Prevue Pet Products, and Ware Manufacturing Inc. |
Market Driver
The global pet furniture market is experiencing significant growth due to players' investments in research and development for creating intelligent pet furniture for affluent customers. For instance, Petrics Inc, a pet health technology company, offers a range of smart pet products including a smart pet bed, activity tracker, and pet health and nutrition app . These beds feature built-in scales and thermostatic heating and cooling systems, allowing owners to set the optimum temperature based on their pet's breed, age, and environment. The beds come in various sizes, are durable, comfortable, and have washable and replaceable covers. The health and nutrition app syncs with the smart bed and activity tracker to provide real-time monitoring of pets' health and nutrition data, offering food and diet recommendations. The activity tracker records caloric burn rates, rest levels, and other health metrics. These innovative products contribute to the expansion of the pet furniture market during the forecast period.
The pet furniture market is thriving with trends like eco-friendly materials, jute, and banana leaves gaining popularity among pet owners. Millennials, now the largest pet-owning demographic, prefer pet-friendly offices, leading to an increase in demand for multi-functional beds and sofas. Temperature control beds, smart pet furniture, and orthopedic beds with ergonomic designs are essential for household pet ownership, focusing on joint health. Bird and fish ownership segments also contribute to the market growth. E-commerce distribution and online sales dominate the industry, offering customizable furniture made from natural raw materials like jute and organic fabrics. Eco-conscious consumers seek sustainable materials, non-toxic materials, and recycled fibers. Technology integration includes automated feeders, built-in pet cameras, and interactive toys, making pet care more convenient.
Request Sample
of our comprehensive report now to stay ahead in the AI-driven market evolution!
Market
Challenges
Pet allergies, caused by proteins in animals' saliva, skin cells, and urine, can negatively impact the global pet furniture market. Allergens from furred and feathered animals, including cats and dogs, can lead to skin irritations and respiratory issues, particularly for individuals with weaker immune systems and asthma. Harmful bacteria like Campylobacter jejuni and Cryptosporidiosis, which animals can carry, can be transmitted to people, especially children, increasing health concerns. These factors may deter potential pet owners from investing in pet furniture, potentially reducing market growth during the forecast period.
The pet furniture market is witnessing significant growth due to the increasing humanization of pets and rising pet ownership in developed economies and middle-income countries. Challenges include providing storage compartments for pet essentials, customization options for various pet sizes and species, and catering to the demand for eco-friendly and premium-quality products. E-commerce and direct-to-consumer models are popular, but brand visibility remains crucial. Niche pet furniture, such as luxury pet beds, sofas, cat trees, and parrot tents, are in high demand among affluent pet owners. Product innovation, including orthopaedic and temperature-controlled beds, is essential. Pet care spending on essentials like insurance and pet houses is driving sales. The market includes pet beds, hammocks , dog houses, and multifunctional furniture . Fashionable, animal-friendly designs, including faux fur and wicker, are popular. Digitization and online retail are transforming the industry, but offline retail remains strong. Consumer demand for premium-quality, customized pet products continues to grow. The pet population and pet care spending are key growth drivers.
Discover how AI is revolutionizing market trends-
Get your access now!
Segment Overview
This pet furniture market report extensively covers market segmentation by
Product
1.1 Pet house
1.2 Pet bed and sofa
1.3 Pet tree and condo
1.4 Others
End-user
2.1 Dogs
2.2 Cats
2.3 Others
Geography
3.1 North America
3.2 Europe
3.3 APAC
3.4 South America
3.5 Middle East and Africa
1.1
Pet house-
Pet houses, a luxury product in the pet furniture market, are popular among premium customers. These houses come in various designs, including raised roofs and floor-to-ceiling glass windows . Made from quality materials like varnished wood and unbreakable glass, they cater to the increasing pet ownership and pet care expenditure in developed countries. The modern and sleek designs of pet houses, offered by key market competitors, add to their aesthetic appeal, driving demand in the global pet furniture market.
Download a Sample
of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics
Research Analysis
Pet furniture market caters to the growing needs of pet owners who consider their furry family members as an essential part of their household. This market offers a wide range of ergonomic designs for orthopedic beds, ensuring joint health and comfort for pets. Eco-conscious consumers are increasingly seeking sustainable materials, non-toxic materials, and recycled fibers for their pet furniture. Organic fabrics and temperature-controlled beds are popular choices for premium quality pet furniture. Technology integration in pet furniture includes automated feeders, built-in pet cameras , and interactive toys. Pet owners can choose from various types of furniture such as pet beds, pet sofas, cat furniture like hammocks, cat trees, and parrot tents. Animal-friendly furniture also includes dog houses and orthopedic beds. The market offers multifunctional furniture that blends seamlessly with home decor while providing optimal comfort and care for pets. Pet insurance and pet care services are also associated with the pet furniture market, ensuring the well-being of pets.
Market Research Overview
The pet furniture market is witnessing significant growth as pet owners view their furry friends as family members, leading to an increase in demand for premium-quality, ergonomic pet furniture. Orthopedic beds with eco-conscious designs are popular choices for aging pets, promoting joint health and comfort. Sustainable materials, such as recycled fibers and organic fabrics, appeal to eco-conscious consumers. Technology integration, including automated feeders, built-in pet cameras, and interactive toys, adds functionality and convenience. Multi-functional furniture, storage compartments, and customization options cater to diverse pet needs and preferences. E-commerce and direct-to-consumer models offer convenience, while niche and luxury pet furniture cater to affluent pet owners seeking brand visibility. The humanization of pets, pet care spending, and digitization drive market growth in developed economies and middle-income countries. Fashionable, eco-friendly materials like jute and banana leaves add style and sustainability. Pet houses, hammocks, cat trees, parrot tents, and temperature-controlled beds cater to various pets and their unique requirements. The pet population continues to grow, fueling demand for pet furniture, as does the trend of pet-friendly offices and pet adoption. The market is expected to witness product innovation, design-driven approaches, and the integration of natural raw materials and customizable furniture.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
Product
Pet House
Pet Bed And Sofa
Pet Tree And Condo
Others
End-user
Geography
North America
Europe
APAC
South America
Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email:
[email protected]
Website:
SOURCE Technavio
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE?
440k+
Newsrooms &
Influencers
9k+
Digital Media
Outlets
270k+
Journalists
Opted In
GET STARTED
MENAFN14102024003732001241ID1108777938
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.