Pet furniture comprise of beds, sofas, cushions, tree houses, and other pet accessories that provide comfort to pets. Pet furniture offer pets an area to rest, relax and play. Growing humanization of pets coupled with rising awareness about pets well-being is driving the demand for pet furniture in the U.S. market. Owners are increasingly interested in providing their pets quality lifestyle by purchasing specialized pet furniture.
The U.S. Pet Furniture Market is estimated to be valued at US$ 3.41 Bn in 2024 and is expected to exhibit a CAGR of 5.2% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the U.S. Pet Furniture Market Demand are Go Pet Club, Ware Pet Products, PetPals Group, MidWest Homes for Pets, North American Pet Products, Aosom LLC, Fable Pets, Inc., Critter Couch Company, Furhaven Pet Products, Kuranda USA, Ware Manufacturing, Inc., Richell USA, Inc., FURminator, Inc., Petmate, Pawnotch, North American Pet Products, Molly And Friends, and Armarkat. These players are focusing on new product launches and partnerships to gain market share.
The market provides several opportunities for pet furniture providers such as customization of pet furniture, expansion to new segments like outdoor pet furniture, and celebrity or designer branded pet furniture. Pet furniture companies are also exploring opportunities in the growing online pet supplies retail market in the U.S.
Major pet furniture companies are expanding their reach globally. For example, Go Pet Club has expanded to over 25 countries. Increased global pet ownership and rising expenditure on pet products is encouraging U.S. pet furniture brands to set up manufacturing or distribution facilities internationally to target foreign markets like Western Europe and Asia Pacific.
Market Drivers
- Growing pet humanization trend and increasing spending on pet lifestyle products in the U.S. is a key driver for the pet furniture market. Pet owners see furniture as a way to provide comfort and expression to their pets.
- Rising number of pet specialty stores and growing e-commerce channels for pet products in the U.S. is positively impacting the sales of pet furniture. Specialty stores provide exposure to varied pet furniture options while e-commerce simplifies purchase process.
Market Restraints
- High pricing of specialty and designer pet furniture limits their mass adoption. Economic slowdowns can negatively impact discretionary spending on such higher-priced pet products.
- Limited storage space in urban homes act as a challenge for bulky pet furniture. Pet owners in small apartments prefer compact, portable furniture options.
Segment Analysis
The U.S. pet furniture market is divided into various segments based on pet type and material. The dog bed segment currently holds the largest share of more than 40% in the overall market due to increasing pet humanization and the growing demand for luxury pet beds for dogs. Further, the fabric segment dominates the pet furniture market with a share of over 35% as fabric-made pet furniture are not only affordable but also comfortable and durable for furry friends. New fabric technologies that are water-resistant, stain-resistant and easy to clean are fueling the dominance of this segment.
Global Analysis
Geographically, the Western region accounts for the major market share of around 35% owing to high pet adoption rates and increasing urbanization. The growing numbers of nuclear families and high disposable incomes allow owners to readily spend extra on their furry companions. Moreover, states like California have the largest number of specialty pet supply stores and service providers, further driving the regional market. The Southern region continues to show promising growth prospects and attract manufacturers in the lucrative market. States like Florida and Texas are witnessing an influx of pet parents moving from Northeastern states, thereby propelling the regional demand.
Get more insights on U.S. Pet Furniture Market
COVID-19 Impact Analysis on Pet Beds Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2020-2027.
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Pet Beds Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/pet-beds-market/download-sampleMarket DynamicsThe global pet beds market is estimated to grow at a tremendous rate during the forecast period.
Millennial and Generation Z consumers increasingly embrace pet-owning and pet-loving lifestyles to a far greater extent.
Positive trends are also witnessed due to technology, the advent of online purchasing, and aggressive promotions.
Key players are robustly launching products with unique features and enhanced convenience.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
