Pet Furniture Market

Global Pet Furniture Market Size (2024 to 2029)

The size of the global Pet Furniture Market is expected to be worth USD 3.97 Billion in 2024 and USD 5.44 Billion by 2029, growing at a CAGR of 6.5% from 2024 to 2029.

The demand for pet furniture has gradually increased in recent days as most pet owners have inculcated providing the best supplies for their pets. Pet Furniture is a set of specialized products that provides a cozy and comfortable feeling to the pets creating their little place. The pet furniture market is run according to the requirements of pets such as dogs, cats, hamsters and others. Therefore, many pet owners buy products that give a specialized touch. As the market for pet furniture is increasing, most pet owners are looking for a piece of technical furniture that can match the aesthetics of their living room. 

The growing focus on designing and developing personalized pet furniture products that best fit the thoughts and requirements of pet owners is one of the major factors propelling the global market growth. Therefore, the pet furniture market has come into the trend by making personalized furniture and using specific fabrics requested by the consumer. Increased expenditure on pet accessories, toys, and treats for dogs, beds, clothes, cat scratch pads, and cat towers is further propelling the growth of the pet furniture market. The expenditure that the owners spend for the needs of their pets has grown significantly in recent years, which has favored the growth of the pet furniture market recently and the trend is likely to continue in the coming years as well. For most pet owners, pets play a very prominent role in their lives, and their wish to provide a cozy and comfortable space for their pets is further contributing to the growth of the pet furniture market.

The pet furniture market tends to withstand in the marketplace due to anticipating and adopting various needs of the pets and owners. Therefore, the pet furniture market is made feasible for every marketplace, creating a place for products that range from mid-end to high-end. As pets play a vital role by being emotional companions, the owners will go to any extent to provide the best products in the pet furniture market. 

The global pet furniture market also tends to boom in creating furniture such as beds, sofas, or houses customized according to the needs of the customer by giving a personalized touch to the product. The manufacturers of pet furniture products have been using various strategies to accelerate the production and sales of their products and such actions are expected to support the global market growth. The pet furniture market is also complemented by the growing trend of office environments promoting the trend of taking pets to their offices. Companies such as Google and YouTube have pet-friendly offices influencing the demand for pet furniture products and propelling the global market.

The growing attention to fashionable and multipurpose pet furniture products among pet owners is a significant opportunity for the market participants of the pet furniture market. The pet furniture market can raise its potential if it meets the needs of consumers and their pets. Therefore, creating multipurpose products can tap into various market opportunities for products such as dog beds, dog sofas, dog houses, fish aquariums, cat towers and others. Additionally, there should be a few built-in amenities for the products that can be used for storage, creating a personalized touch for the end consumer. These potential opportunities can tap the eye of the consumer in the pet furniture market. Ultimately, the pet furniture market is forecasted to boost globally due to the inflation of pet ownership and adoptions. Hence, it is feasible to spend money on research and development to improve pet products and catch the eye of the consumer.

REPORT COVERAGE:

This research report on the global pet furniture market has been segmented and sub-segmented based on type, distribution channel, product, and region.

Global Pet Furniture Market - By Product:

• Houses
• Sofas
• Beds
• Others

The pet beds segment dominated the pet furniture market in 2022 and is expected to continue registering domination in the global market throughout the forecast period. As the cost of furniture for pets is high, beds are considered an essential aspect for pets as beds offer the pets their own space to sleep and relax, which is primarily propelling the growth of the pet beds segment in the global market. The new trend in the market is to manufacture beds according to the size, length, and personalization of the consumer's pet.

The pet sofas segment had a substantial share of the global market in 2022 and is predicted to grow exponentially during the forecast period owing to the rising popularity of sectional sofas with designated pet spaces and increasing awareness regarding the integration of pet sofas in the home interior designs.

The pet houses segment is another lucrative segment and is anticipated to account for a notable share of the global market during the forecast period. Factors such as the growing pet adoption, increasing awareness of pet well-being, and rising demand for customizable and aesthetically pleasing pet houses are primarily driving the growth of the pet houses segment in the global market.

Global Pet Furniture Market - By Type:

• Dogs
• Cats
• Hamsters
• Others

The dog furniture segment held the largest share of the global market in 2022 and the lead of the dog segment is expected to continue during the forecast period. The growing dog ownership worldwide, rising demand for orthopedic and ergonomic dog beds and increasing adoption of smart and connected pet furniture for dogs are primarily boosting the demand for dog furniture products and contributing to segmental growth.

The cat furniture segment had the second largest share of the worldwide market in 2022 and tends to grow at a CAGR of 4.5% during the forecast period. Cat ownership is estimated to increase in countries like the USA, France, Italy, Canada, the United Kingdom, and Germany in the coming years. Therefore, there is a vast growth in the segment of Cats for the Pet Furniture Market.

Other pets such as hamsters and fish are comparatively growing at a steady growth rate. However, the pet furniture market sees the highest growth for Dogs and Cats as they have significantly impacted the diverse market.

Global Pet Furniture Market - By Distribution Channel:

• Specialty Stores
• Supermarkets/ Hypermarkets
• E-Commerce

The specialty stores segment led the pet furniture market in 2022 and is expected to grow at a promising CAGR during the forecast period. Specialty stores are specifically designed for a particular category of goods and products. For instance, most consumers prefer to visit a specialty store that only provides retail for pets. These stores do not carry any other products and are only designed for pets, making it easier for the owners to select their needs from a wide range of sections. The growing pet specialty retail sector and rising preference from consumers for in-store shopping for a hands-on experience with furniture are majorly driving the growth of the specialty stores segment in the global market.

The e-commerce segment had a notable share of the global market in 2022 and is estimated to grow rapidly during the forecast period. Through e-commerce channels, the sales are made by sitting in the comfort of the consumer's home, which makes it easier for the consumer to purchase their needs with just one click. The only drawback for this segment in the market is the lack of personal touch, as the touch and feel of the Product are not possible through the E-commerce market. Hence, the growth of this segment has inclined significantly in recent times.

The segment of the distribution channel for supermarkets/ hypermarkets is stabilized in the pet furniture market as there is a lack of variety in the pet section that is available in the supermarkets/ hypermarkets.

Global Pet Furniture Market - By Region:

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

Geographically, the North American region has the highest potential for the pet furniture market worldwide and dominated the market in 2022. Regions such as the USA, Canada, and Mexico have recently grown their opportunities for the pet furniture market. North America has a surprisingly dynamic lifestyle that exceeds the expectations of the market for innovations in products. The regional market has a lot of potential that provide new and advanced technologies and inventions for the pet furniture market. Many pet furniture companies have made a mark in this region with new and innovative products such as pet bags, pet strollers, cat trees, etc. 

Regions such as Europe and the Asia Pacific are forecasted to grow by creating opportunities and launching new and advanced products, creating an edge in the global market. Also, the demand for high-end prices is relatively lower in these regions compared to North America. 

The pet furniture market is also anticipated to grow in regions like the Middle East & Africa and Latin America. As the Pet Furniture Market is global, there is significant scope for growth in these regions. As a result, the demand for Pet Furniture Market is high. Still, the consumer's price range and capacity to purchase the Product are significantly low in these regions compared to regions like North America, Europe, and the Asia Pacific.

KEY MARKET PLAYERS:

Go Pet Club, PetPals, Inter IKEA Systems, Ultra-Modern Pet, Inkgrid, Fur Heaven Pet Products, North American Pet Products, MidWest Homes for Pets and Nest Bedding Inc. are some of the major players in the global pet furniture market.

RECENT HAPPENINGS IN THE MARKET:

• In October 2021, Hanasan, a South Korean-based pet furniture manufacturer announced its expansion plans to enter the global market. Hanasan is a specialist in manufacturing wooden-based pet furniture products and foresees accounting for a notable share in the worldwide market in the coming years.