Pet Furniture Market

North America was the highest revenue-generating market, due to rise in health care expenditure and well-established health care facilities in this region

PORTLAND, 5933 NE WIN SIVERS DRIVE, #205, UNITED STATE, October 10, 2023 /EINPresswire.com/ -- According to a new report published by Allied Market Research titled, “Pet Furniture Market By Product Type, Pet Type, And Distribution Channel: Opportunities and Forecasts, 2021-2027,” the global pet furniture market size was valued at $3,443.4 million in 2019, and is projected to reach $5,139.4 million by 2027, growing at a CAGR of 6.5% from 2021 to 2027. In 2019, North America accounted for the largest share of around 38.6% due to rise in health hygiene expenditure of pet animals, and well-established health care facilities for pets in this region. . However, emerging countries in Asia, such as China and India, would witness increase in demand for pet furniture during the forecast period, owing to increase in awareness for comfort towards pets, rise in number of employed households, and growth in disposable income.

Growth in value sales for pet furniture industry is attributable to surge in demand for innovative products Beds & Sofa’s category, which facilitate better results. Pet furniture is noticeably popular and expanding with significant pace in developed regions of the Americas and Europe, where manufacturers are coming up with new product innovations considering pets health and comfort to help pet owners adopt to a lifestyle with good convenience. Dogs and cats’ segment are key to the performance of the market as compared to another segment. Advanced cost effective and customized furniture, rising concerns towards pet care, increase in health expenditure for animals as well as huge varieties in furniture for pet creates offers numerous pet furniture market opportunities.

Ask for sample copy of this report >>> https://www.alliedmarketresearch.com/request-sample/11197

global brands such as MidWest Homes for Pets, Nest Bedding and North American Pet Products are bringing new line of pet furniture related to pets and are providing different varieties of pet furniture for consumers. Innovative product offerings with latest features such as multi functions and customized by global brands for specific target group such as young population and working families is increasing regional demand for pet furniture.

Pet furniture have witnessed higher rate of penetration in North America and Europe. However, low availability has been observed for these products in some major parts of Asia-Pacific and LAMEA, which is attributable to low performing macro-economic factors such as internet penetration and aggressive marketing strategies by the manufacturers. Thus, lower penetration of such products limits the pet furniture market growth.

For the purpose of pet furniture market analysis, the market is segmented into Houses, Beds & Sofas and Trees & Condos on the basis of product type. Among the three types, Houses accounted for a larger share of around 47.5% of the overall market in 2019. Also Houses segment is expected to capture a larger market share in 2027, owing to increase in demand for wide range of varieties. This pet furniture market segment is anticipated to witness faster growth in developed economies, and would account for 46.1% of the overall market by 2027.

The pet furniture market is segmented based on pet type, product type, and distribution channel. Depending on pet type, the market is divided into cat, dog and others. And depending on product type, the market is divided into Houses, Beds and sofas, Trees and condos. On the basis of distribution channel the market is segmented in specialty stores, supermarkets/hypermarkets, e-commerce, and others. On the basis of regions, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. The Dog segment is expected to account for 46.1% of the overall market revenue by 2027.

Buy Now :-https://www.alliedmarketresearch.com/checkout-final/a5d63258cc3e837164d44fb545edd1dc

Key Findings Of The Study

In 2019, North America was the highest revenue-generating market, due to rise in health care expenditure and well-established health care facilities in this region
Europe has emerged to be the second largest market with France and Germany accounting for the prominent pet furniture market share of the overall market by value.
Houses has emerged to be the prominent segment due to increase in demand for wide range of varieties.
Asia-Pacific is expected to witness the fastest growth from 2019 to 2027, owing to increase in adoption of eco-friendly pet furniture in developing economies such as China and India

The prominent companies profiled in this report include FurHaven Pet Products, Go Pet Club, MidWest Homes for Pets, Nest Bedding, North American Pet Products, PetPals Group, Inc, Prevue Pet Products, Taizhou Huamao Handicraft Article Co., Ltd, Ultra Modern Pet, Ware Pet Products. Currently, the pet furniture market is majorly driven by growth strategies such as product. Nest Bedding launched natural pet beds in recent years to increase their customer base and expand their market penetration.

FREQUENTLY ASKED QUESTIONS?
Q1. What will be the pet furniture market Size From 2021 to 2027?
Q2. What is the CAGR of pet furniture market?
Q3. Which is the base year calculated in the pet furniture market report?
Q4. Which are the top companies in the pet furniture market?
Q5. What are the segments of pet furniture market?

How can Pet Furniture Manufacturers expand in the Market?

Diversify Product Range: Offer a wide variety of pet furniture, including different styles, sizes, and materials. Cater to various pet species (e.g., cats, dogs, birds, rabbits) and their specific needs.

Quality Assurance: Ensure that your pet furniture is of high quality, durable, and pet-safe. Use materials that are non-toxic and easy to clean.

Innovation: Invest in research and development to create innovative designs and features that set your products apart from competitors. Consider incorporating technology, such as smart pet furniture with automated functions.

Sustainability: Emphasize eco-friendly and sustainable manufacturing practices. Many consumers are concerned about the environmental impact, so using recyclable materials and reducing waste can be a selling point.

Online Presence: Establish a strong online presence through a user-friendly website and active social media profiles. Showcase your products with high-quality images and detailed descriptions.

Request For Customization :- https://www.alliedmarketresearch.com/request-for-customization/11197

TRENDING REPORTS :-
Pet Traction Ropes Market : Global Opportunity Analysis and Industry Forecast, 2020-2027
https://www.alliedmarketresearch.com/pet-traction-ropes-market-A06574

Similar Reports :-
:- Pet Food Market
https://www.alliedmarketresearch.com/pet-food-market

Smart Connected Pet Collar Market
https://www.alliedmarketresearch.com/smart-connected-pet-collar-market-A06043

Pet Supplement Market
https://www.alliedmarketresearch.com/pet-supplement-market-A06522

Bird Repellent Market
https://www.alliedmarketresearch.com/bird-repellent-market-A16927

Pet Travel Services Market
https://www.alliedmarketresearch.com/pet-travel-services-market-A31661

Dog Supplement Market
https://www.alliedmarketresearch.com/dog-supplement-market-A09417

David Correa
Allied Analytics LLP
+1 800-792-5285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.