Pet Furniture Market Size to Worth USD 5.70 Billion by 2029 | Fortune Business Insights™

December 19, 2022

Pune, India, Dec. 19, 2022 (GLOBE NEWSWIRE) -- The global pet furniture market size was valued at USD 3.61 Billion in 2021. The market is estimate to grow from USD 3.81 billion in 2022 to USD 5.70 Billion by 2029, exhibiting a CAGR of 5.9% during the forecast period. Report Coverage: The report offers valuable insights obtained by thorough study done by our researchers. An extensive research was conduct to provide the estimated size of the market for furniture for pet. The data used to project the shares for multiple segments at the country, regional, and global levels is obtain from in-depth interviews with numerous stakeholders. Furthermore, we have gained access to several global and regional paid databases to deliver precise information to make business investment decisions easy for you. Get a Sample Copy of the Research Report: List of Key Players Mentioned in the Report: Go Pet Club (U.S.)Ware Pet Products (U.S.)Inter IKEA Systems B.V. (Netherlands)PetPals Group (U.S.)MidWest Homes for Pets (U.S.)North American Pet Products (U.S.)Aosom LLC (U.S.)MiaCara GmbH & Co.KG (Germany)Fable Pets Inc. (U.S.)Critter Couch Company (U.S.)Furhaven Pet Products (U.S.) Report Scope & Segmentation: Report CoverageDetailsForecast Period2022-2029Forecast CAGR5.9%2029 Value ProjectionUSD 5.70 Billion Base Year2021Pet Furniture Market Size in 2022USD 3.81 BillionHistorical Data2018-2020No. of Pages189Segments CoveredBy Type, End-user and Regional InsightsPet Furniture Industry Growth DriversAvailability of Various Multifunctional and Customized Pet Furniture Products to Favor MarketIncreasing Number of Pet Owners across the Globe is Surging the Demand for Pet Furniture Segments: Rising Demand for Pet Sofas & Beds is Propelling Market Growth Based on type, the market is segmented into pet sofas & beds, pet houses, pet trees, and others. Pet sofas & beds segment accounted for the highest pet furniture market share in 2021 due to the growing popularity of different furniture shapes for dogs and cats. Growth in Global Dog Population to Accelerate Product Sales Based on pet type, the market is classified into dogs, cats, aquatic animals, birds, and others. Dogs segment dominates furniture sales worldwide. Rising Number of Offline Retail Shops Worldwide to Trigger Product Sales Based on distribution channel, the market is classified into offline retail and online retail/e-commerce. Offline retail sales channels will dominate the market in the coming years. Geographically, the global market is categorized across North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Quick Buy - Pet Furniture Market Size Research Report Drivers and Restraints: Availability of Various Multifunctional and Customized Pet Furniture Products to Favor Market Expansion The market for furniture for pets is increasing as high-quality, versatile, and personalized furniture for pet that can accommodate all pet sizes is introduced. One important aspect driving the sales of pet furniture is the availability of dog and cat furniture goods that are tailored to consumers' preferences, including different colors, patterns, and features that ensure pet comfort. Innovative multifunctional furniture products that pet owners and animals may use are the manufacturers' main focus. Regional Insights: North America to Dominate Stoked by Rising Adoption of Pets in the U.S. The predicted period is expected to see strong pet furniture market growth in North America. The increase in the number of pets in the U.S. during the lockdown is a significant element driving the market. Throughout the predicted period, strong growth in the Europe market is anticipated. The market is expanding as a result of rising pet ownership in European nations, including France, Germany, and the U.K. One of the developing markets for pet furniture is Asia Pacific. Furniture for pet is in high demand in nations such as India, China, and Japan due to the region's expanding pet ownership rate as well as the growing disposable income of the general populace. Competitive Landscape: Partnerships among Companies to Secure their Brand Values in the Global Market Prominent players in the market are constantly opting for effective strategies to promote their products and establish their positions in the market. One such strategy is to launch new products by partnering with other companies to extend their reach to end-users. Browse Detailed Summary of Research Report with TOC:  Detailed Table of Content: Introduction Research ScopeMarket SegmentationResearch MethodologyDefinitions and Assumptions Executive SummaryMarket Dynamics Market DriversMarket RestraintsMarket Opportunities Key Insights Overview of the Parent MarketIndustry SWOT AnalysisSupply Chain and Regulatory LandscapeMarket Analysis and Insights (in Relation with COVID-19) Impact of COVID-19 on the MarketSupply Chain Challenges due to the PandemicPotential Opportunities to Support the Market Global Pet Furniture Market Analysis, Insights and Forecast, 2018-2029 Key Findings / SummaryMarket Size Estimates and Forecast  By Type Pet Sofas & BedsPet HousesPet TreesOthers By Pet Type DogsCatsAquatic PetsBirdsOthers By Distribution Channel Offline RetailOnline Retail/ E-Commerce By Region North AmericaEuropeAsia PacificSouth AmericaMiddle East & Africa TOC Continued...! Key Industry Development: September 2022: PetSmart introduced an exclusive line of items for animals and pet owners in collaboration with interior designers Jeremiah Brent and Nate Berkus. The new collection includes furniture, accessories, and décor for small pets, reptiles, and fish. Get Your Customized Research Report: Read Related Insights: Pet Care Market Share and regional forecast 2022-2029 Pet Food Market Size, Share, Growth Outlook 2022-2029 Pet Toys Market Share and regional forecast 2022-2029 About Us: Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in. Contact Us: Fortune Business Insights Pvt. 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