House segment is Expected to Dominate the Market During the Forecast Period
Availability of a wide range of customized, smart, and
multifunctional pet furniture is expected to drive the global pet home and
furniture market during the projected period.
According to
TechSci Research report, “Pet Home and Furniture Market – Global Industry
Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F”
Global pet home and furniture
market is expected to project robust growth during the forecast period on
account of presence of wide range of smart, innovative pet furniture and increasing trend of nurturing and adopting
pets all over the world.
Pet home and furniture is a
type of furniture that is created to fulfil the needs of many types of pets
such as dogs and cats. Advanced cost-effective and customized furniture,
increasing pet care awareness, increased animal health spending, and a diverse
selection of pet furniture contribute to the global need for pet furniture.
North America generates most
revenue due to higher per capita income and a diverse selection of products. In
markets such as India and China, the pet furniture sector is in its infancy. However,
it is predicted to develop significantly in Asia-Pacific over the forecast
period, owing to an increase in the use of eco-friendly pet furniture and
customized pet furniture.
Pet furniture is offered and
sold in pet specialty stores, retail outlets such as supermarkets and
hypermarkets, and online around the world. Pet furniture is becoming
increasingly popular and fast expanding in developed regions such as North
America and Europe, where manufacturers are introducing new product innovations
that consider pets' health and comfort to assist pet owners in adopting a more
comfortable lifestyle.
For pet furniture makers,
ecological trends are combining with an increasing emphasis on the necessity of
creativity. The pandemic-affected consumer is eager to improve their living
environment. COVID-19 compelled majority of the world's population to stay at
home, resulting in an increase in people spending more time with their pets.
With social isolation becoming the new normal, consumer expenditure on pet
furniture and house furnishings is anticipated to rise.
The dog segment is expected
to dominate the market and continue to grow at a faster rate. In 2020, dog
adoption rates increased by 50% and cat adopting has increased by up to 40%. The
majority of dog-related pet furniture is made of wood or fabric. Smart pet beds
are one of the most significant trends in the dog furniture market. These smart
pet beds monitor your pet's weight, relaxation, and movement while also
controlling the temperature. Smart beds also include thermostatic control,
allowing owners to regulate the temperature. The current cat furniture market
is dominated by beds, sofas, pillows, and dwellings, including condos.
Browse over xx market data
Figures spread through xx Pages and an in-depth TOC on the "Global Pet Home and Furniture Market."
The global pet home and
furniture market is segmented based on product type, application, distribution channel,
region, and competitive landscape. Based on product type, the market is further
fragmented into houses, beds & sofas, and condos. Based on application, the
market is further fragmented into dogs, cats, and others. Based on distribution
channels, the market is segmented into supermarkets/hypermarkets, specialty
stores, and online. The market analysis also studies the regional segmentation
to devise regional market segmentation, divided among North America, Europe,
Asia-Pacific, Middle East & Africa, and South America.
Key market players in the pet
home and furniture market include:
- North American Pet Products
- MidWest
Homes For Pets
- Go Pet Club
- Ware Pet
Products
- PetPals Group,
Inc
- Modern Pets
- Wayfair LLC
- FurHaven
Pet Products
- Huamao
Handicraft Article Co., Ltd.
- MiaCara
Smart pet furniture has
become a blessing for both pets and their owners because it analyses pets'
weight, rest, and activity while also providing climate control. The
thermostatic control can be altered by the owner. Pet furniture makers invest
much in product design, making all of these goods relatively pricey. For
example, Inter IKEA Systems B.V. developed a large variety of eco-friendly
furniture and toys manufactured from sisal, paper rope, and water hyacinth.
They utilized particleboard as a main raw material for cat furniture that can
hold more than 40 lbs. People in developing countries such as Bangladesh,
Sri Lanka, Somalia, and others may be unable to purchase pricey products. As a
result, the high cost of smart pet furniture restricts the overall market's
growth.
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"New product innovation
and customization are a significant trend that is expected to have an impact on
growth over the forecast period. The increasing adoption of pets is also driving
market growth and will have positive impact on pet home and furniture market. Moreover,
due to increased environmental awareness, the wide range of products that are
eco-friendly are available to meet specific needs of customers, as well as the
growing popularity of the online platforms, the market is growing.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
Pet Home and Furniture Market – Global Industry Size, Share,
Trends, Opportunity, and Forecast, 2018-2028F Segmented By Product Type
(Houses, Beds & Sofas and Condos), By Application (Dogs, Cats and Others),
By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online),
By Region,”, has evaluated the future growth potential of pet
home and furniture products
and provides statistics and
information on market structure, size, share, and future growth. The report is
intended to provide cutting-edge market intelligence and help decision-makers
take sound investment decisions. Besides, the report also identifies and analyzes
the emerging trends along with essential drivers, challenges and opportunities present
in pet home and furniture products globally.
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