The “Pet Furniture Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.
Pet Furniture Market is projected to register a CAGR of 5.8% during the forecast period (2021-2026).
Despite global pandemic Covid-19, there is an increase in pet furniture sales as pet adoptions increased during the period and the new pet owners want their pets to settle comfortably in their new homes.
- North American Pet Products
- Go Pet Club LLC
- MidWest Homes For Pets
- PetPals Group, Inc
- Ultra Modern Pet
- Critter Couch Company
- Inter IKEA Systems B.V.
- Ware Pet Products
- Ultra Modern Pet
Key Market Trends
Popularity of customised pet furniture is gaining traction in the market
The trend of keeping pets and treating them as family members is rising globally. The Millenials, new age pet parents feel their four-legged children, should also have well-furnished homes having their own set of furniture like their owners, which makes more comfortable, durable, and stylish pet accessories/ furniture which does not disturb the aesthetic sense of home. Customization holds more appeal to the customers as it adds a personal touch to the pet furniture and this factor will play a large role in the growth of the pet furniture market. Manufacturers are using organic or natural materials for making pet furniture. Product innovation through customization is achieved by offering customers the choice to build parts of the pet furniture and choose the material and color of the final product. Also, features such as bedding, built-in storage space, and seating configurations are being offered with customized pet furniture which is very likely to augment the growth of the global pet furniture market over the next five years.
North America Dominates the Pet Furniture Market
Pet parents in the United States are spending more on their pet’s well-being and safety. According to the American Pet Productions Association (APPA) in 2018 alone, pet care spending hit USD 90.5 billion, a 20% increase from the year prior. The U.S. and Europe have long been the leaders of the world pet market. Another growing force in the pet market is in the Asia Pacific, which has witnessed dramatic growth in the pet industry. Increasing disposable income which has led to increased spending on pets, rising concerns towards health and fitness of pets, and increasing demand in developing nations across the globe are some of the key elements expected to prompt the demand for pet furniture over the forecast period.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter’s Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Product type
5.2 Pet Type
6 COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
8 AN ASSESSMENT OF COVID-19 IMPACT ON THE MARKET
For more information about this report visit https://www.researchandmarkets.com/r/8xzila
Laura Wood, Senior Press Manager
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