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Pet Furniture Market size was valued at USD 3.81 billion in 2022 and is poised to grow from USD 4.03 billion in 2023 to USD 6.38 billion by 2031, at a CAGR of 5.9% during the forecast period (2024-2031).

The leading companies are focusing on innovation by investing heavily in R&D efforts to develop production technologies that produce smart pet furniture and improve shelf life. A sector with long-term growth potential can achieve its objectives by ensuring ongoing process improvements and financial flexibility to invest in the latest methods. 'Armarkat', 'Bowsers Pet Products', 'Crown Pet Products', 'Drs. Foster & Smith', 'FURminator, Inc.', 'Go Pet Club', 'Hartz Mountain Corporation', 'Jollyes Pet Superstore', 'K&H Pet Products', 'Kuranda USA', 'M Pets', 'Merry Products Corporation', 'Midwest Homes for Pets', 'Petco Animal Supplies, Inc.', 'Petmate', 'PetPals Group Inc.', 'Prevue Pet Products, Inc.', 'Richell USA, Inc.', 'The Refined Feline', 'Ware Manufacturing, Inc.', 'To bridge the gap in all market categories, Pepperfry has chosen to enter the pet care industry in November 2022. While its immediate goal is to consolidate supplies from specialized pet brands and producers to create a robust pet furniture market.', 'Nest Bedding expanded its market penetration and grew its customer base by introducing natural pet beds in October 2022.', 'September 2022 PetSmart unveiled a special line of items for animals and their owners in collaboration with interior designers Jeremiah Brent and Nate Berkus. Fish, reptiles, and small pets are all catered for with the new assortment of furniture, accessories, and decor.', 'A new line of miniature rattan loungers for dogs was introduced by German retailer Aldi in July 2022. These loungers come with a detachable water dish, a chic rattan frame, and a canopy for shade throughout the day.'

People are spending more time and energy caring for pets, and the trend of adopting and caring for pets is rapidly growing across the globe. There has been an increase in the adoption of pet furniture that meets the needs of pets, which is expected to lead to market growth. According to the 2019-2020 national pet owners survey conducted by the American Pet Products Association, around 67% of households in the US own a pet. This represents a total of nearly 85 million families. The rising disposable income of people and improvements in living standards are expected to increase significant growth in the pet furniture market. The concept of pet grooming, also known as "grooming," is growing in popularity among pet lovers. The pet industry tries to maintain hygiene and find ways for pets to provide comfort at home, which is expected to have a positive effect on pet market segments.

The "pet parent" culture has created many opportunities for key players in the pet furniture market. Millennials are increasingly demanding eco-friendly and high-quality products, which is set to help the growth of the industry. The humanization of pets, which means treating pets as part of a family, is likely to drive the pet market. The rising spending on furry-partners by pet owners is likely to encourage manufacturers to invest more into their research and development departments. This will lead to an increase in the number of new product launches, which will drive sales.

The North American pet furniture market is expected to experience substantial growth over the Forecast period. As disposable income continues to grow and people's lifestyles change, manufacturers are coming up with new product innovations to help pet owners adapt to a more convenient lifestyle. For example, the pet club in America has a diverse portfolio of pet care products, including pet carriers, pet strollers, pet beds, and a wide selection of cat trees that are attractive and functional and support healthy growth of pet animals. The increased concern about healthcare for pets has created a large opportunity for the pet furniture industry in the US. The pet furniture product produced in this region meets the functional and aesthetic needs of pet animals. The manufacturers have consistently created innovation by building comfortable beds and sofas that provide health information such as the pet's body weight and sleeping patterns. The increased demand for pet accessories has driven up furniture sales in recent years, which is helping to drive the growth of the pet market.

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Global Pet Furniture Market

Product ID: SQMIG30K2011

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