Pet Furniture Market: Growing Demand For Animal Welfare and Enforcement of Strict Regulations, are The Key Factors Driving The Growth of The Global Pet Furniture Market
Pet furniture is a specialty furniture that is manufactured according to the requirements of different types of pets like dogs, cats, and others. Pet furniture production has evolved over the period with the use of better quality material and fabrics compared to traditional materials like plastic and metal which will have a favorable impact on the growth of the pet furniture market. A consumer’s desire for improved accessories and pet products, including pet furniture is increasing. Manufacturers of pet furniture are finding out innovative ways to combine multiple styles and functions to fulfill the requirements of pet lovers. Manufacturers are designing furniture without compromising the customers’ aesthetic value and the one that fits seamlessly in their houses.
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Active players in the market have adopted a more design-driven approach and they are using premium design print fabrics, wickers, and faux furs to complement the home décor. Manufacturers have also started using natural raw materials like banana leaves, water hyacinth, and jute. Also, they are innovating stylish designs and environment-friendly furniture. For many consumers and manufacturers there are two additional aspects that have particularly moved into the focus of product designs which are aspects of individual style and interior design that are being considered while designing furniture and modelling products that are trending in fashion. IKEA, for example, is expected to create potential for growth with its newly launched pet furniture lines.
The demand for pet furniture is projected to increase at a rapid pace during the forecast period. Growing number of pet adoptions and the advent of smart pet bed is anticipated to boost the growth of the global pet furniture market. Additionally, growing demand for animal welfare and enforcement of strict regulations, are the key factors driving the growth of the global pet furniture market during the forecast period. Interaction between manufacturers, retailers and final consumers is expected to increase through new devices and more social media usage. Products such as dog box which bring the owner closer to their pets are expected to rise in popularity and favor more sophisticated services. The increase in internet retailing for pet care products will diversify the market and is likely to give even more space for niche players seeking an entry into the market. However, high cost of smart furniture acts as a major restraint for the growth of the market.
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The global pet furniture market can be segmented based on product type, pet type, and region. In terms of product type, the market can be classified into pet sofas, pet houses, pet trees, pet beds and others. On the basis of pet types, the global pet furniture market can be categorized into dog, cats, and others. Based on region, the global pet furniture market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. The pet furniture market in Asia Pacific is expanding rapidly due to the prevalence of strict regulations for pet’s safety. North America is anticipated to hold a major share of the global pet furniture market during the forecast period due to rise in health care expenditure and well-established health care facilities in the region.
Key players operating in the global pet furniture market include PetPals Group, Inc, Go Pet Club, MidWest Homes for Pets, North American Pet Products, Ware Pet Products. Global pet furniture market manufacturers are investing a lot in R&D (Research and Development) activities to design smart pet furniture for the pet lovers. The global pet furniture market is likely to grow reasonably at the end of the forecast period due to the presence of several international and regional pet furniture manufacturers that offer several various types of modern pet furniture.