Pet Home and Furniture Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2024-2032F Segmented By Product Type (Houses, Beds & Sofas and Condos), By Pet Category (Dogs, Cats, and Others), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online), By Region, Competition
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationPet Home and Furniture Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2024-2032F Segmented By Product Type (Houses, Beds & Sofas and Condos), By Pet Category (Dogs, Cats, and Others), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online), By Region, Competition
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. During the projected period, emerging market in Asian countries such as China and India will see an increase in demand for pet furniture as it leads to an increase in pet comfort awareness, increase in the number of employed family members and increasing disposable income. Various product innovations such as smart pet bed and customized furniture is a prominent trend that is expected to affect new product launches throughout the projected period.
Pet home and furniture is a sort of furniture that is designed to meet the needs of many types of pets such as dogs, cats, and others. Advanced, cost-effective and customized furniture, increased awareness about pet care, an increase in animal health spending, and a wide range of pet furniture all contribute to the global need for pet furniture. Pet furniture is found at and sold worldwide in pet specialty retailers, retail outlets such as supermarkets, hypermarkets, and online. Pet furniture is becoming increasingly popular and rapidly expanding in developed countries of the Americas and Europe, where producers are developing new product innovations that regard pets' health and comfort to assist pet owners in adopting a more convenient lifestyle.
Pet furniture with advanced features, such as smart beds, are expected to gain popularity during the forecast period because of creative product introductions and successful marketing efforts by top players. Several firms have launched pet furniture with features such as natural pet beds and smart beds. For instance, smart pet beds offers beds that are fitted with smart mattresses, which are designed to provide consistent temperatures throughout the seasons.
Increasing Availability of Customized Pet Furniture is Expected to Fuel Market Growth
Many individuals prefer pet furniture constructed from recycled materials or more sustainable woods such as acacia, bamboo, or reclaimed wood to lessen their environmental effect. Customization adds value to consumers by giving them creative power. Customizable pet furniture is appealing to younger consumers because it allows them to adorn parts or change the function of a furniture design. Products that empower consumers by allowing them to make their own choices based on their convenience generate overall market growth. These smart pet beds monitor your pet's weight, relaxation, and movement while also controlling the temperature. Smart pet beds are one of the most visible trends in the worldwide pet furniture business.
Increasing Adoption of Pets Will Aid Market Growth
Adoption of pets and treating pets as members of the family, is expected to further drive the global industry. Additionally, increased pet-owner spending on furry companions is expected to motivate manufacturers to invest more in innovating new products. It would also result in an increase in the number of new product launches, which would drive sales. Players in the global pet furniture market are spending money into developing smart pet furniture for customers. For instance, in 2020, puppy adoption rates have increased by 50-100% and cat adopting has increased by up to 40%.
Presence of Multifunctional Products Will Drive Market Growth
Market companies are looking for novel solutions to integrate numerous functions and styles to meet the needs of pet owners. The availability of a wide variety of trendy and multipurpose pet furniture drives the pet furniture business. Its designs have changed substantially in the last few years. The companies are making furniture that fits inside homes without sacrificing aesthetic value. This results in the availability of a wide range of pet furniture, which stimulates market growth.
Increasing Cost of Smart Pet Furniture Will Sustain the Market Growth
Market Segmentation
The global pet home and furniture market is segmented based on product type, Pet Category, distribution channel, region, and competitional landscape. Based on product type, the market is further fragmented into houses, beds & sofas, and condos. Based on Pet Category, the market is further split into dogs, cats, and others. Based on distribution channel, the market is segmented into supermarkets/hypermarkets, specialty retailers, and online. On the basis of region, the market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
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