GLOBAL PET FURNITURE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Market Size and Trends

The global pet furniture market is estimated to be valued at USD 7.01 Bn in 2024 and is expected to reach USD 10.65 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.

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Pet owners are increasingly treating their pets like family members and opting to purchase comfortable and stylish furniture for them. Rising disposable income and growing humanization of pets have prompted pet owners to invest more in premium pet beds, sofas, and other furniture customized for cats and dogs. Portable and travel pet beds are also gaining traction as pet parents carry their furry companions along on road trips and vacations. Looking at enhanced functionality and designs that match a home's interiors, manufacturers are diversifying their product offerings to cater to the evolving needs of pet owners. The growing popularity of nuclear families and desire to provide companion animals with high-quality living spaces will continue driving the demand for pet furniture in the upcoming years.

Growing Human-Pet Bond

In today's world, pets are considered as part of the family by many pet owners. People are getting more emotionally attached with their pet companions and are treating them as their child. There is a growing sense of responsibility among pet owners towards their pet's comfort, health, and well-being. Due to this human-pet bonding, pet owners want to provide their pets with everything that would make them feel at home. Pet furniture like beds, sofas, and cushions play a crucial role in this as it helps the pet relax and feel cozy inside the house. Many pet owners customize their homes to make separate comfortable spaces for their pets with the help of pet friendly furniture. This growing human-pet bond where pets become an important family member is a major driver for the rise in sales of pet furniture globally.

Market Concentration and Competitive Landscape

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Another key trend driving the pet furniture market is the increasing humanization of pets. Pet owners today view pets more as companions rather than merely as animals. There is a shift towards treating pets with more care, love, and luxury just like humans. This phenomenon of pet humanization has resulted in a higher spending on pets where their comfort and happiness has become as important as their owners. Pet parents want the best for their furry family members, which includes providing them with similar human amenities and accessories at home. Furniture tailored for pets is a reflection of this pet humanization trend where owners buy high-quality, stylish, and featured rich furniture to mimic their own furniture for their pets. This phenomenon has boosted the popularity and demand for various pet furnishings like beds, couches, trees, tents, and others all over the world.

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Challenges: High costs associated with manufacturing and marketing pet furniture

The global pet furniture market faces several challenges. High costs associated with manufacturing and marketing pet furniture limits the access of budget-conscious pet owners to a variety of furniture options. Stringent regulations in some countries related to materials used for pet furniture can hamper the global supply chain of pet furniture producers. Customers' resistance to pay high prices for pet furniture also acts as a challenge.

Opportunities: Growth of pet humanization trends worldwide

Growth of pet humanization trends worldwide presents lucrative opportunities. As pet ownership rises globally, the demand for comfortable, safe, and stylish pet furniture will increase. Innovation in design and customization of pet furniture catering to different sizes and breeds can capture new customer segments. Entering emerging Southeast Asian and Latin American markets with increasing pet adoption offers scope for international players.

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In terms of type, pet sofas & beds contribute 36.7% share of the market owing to pet owners' increased focus on providing comfortable sleeping and resting areas for their pets. Pet sofas and beds offer plush cushioning and pads that allow pets to relax and sleep soundly. They provide orthopedic support that is beneficial for aging pets or those recovering from injuries. Many products feature removable, washable covers making them hygienic. Several beds are elevated to keep pets cool and others have side panels for additional security. Heating and cooling features are available for climate-controlled comfort. Customizable beds accommodate pets of different sizes. Stylish designs with bolsters and arms match home décor. Pet sofas and beds have become must-have furnishings for pampered pets.

Insights, By Pet Type: Companionship and Entertainment

 In terms of pet type, dogs contributes 39.4% share of the market due to their innate pack animal nature which makes them crave companionship. Dog furniture like houses, caves, and tents provide secure spaces where they can feel comfortable while owners are away. Some even mimic human furnishings with petite scale replicas of living room sets. Interactive toys are incorporated for mental stimulation. Pet trees are a favorite as they allow climbing and perching while surveying the domain. Design elements like cushions, bolsters and cozy nooks foster a sense of den-like security. Outdoor doghouse models withstand weather extremes. Dog owners recognize the importance of furniture maintaining structure and routine in their lives. The market responds accordingly.

Insights, By Distribution Channel: Convenient Access

In terms of distribution channel, offline retail contributes 67.8% share of the market owing to consumers' desire for hands-on experience when purchasing expensive, long-lasting pet furnishings. Brick-and-mortar stores allow customers to inspect stitching, stuffing and construction quality before laying out a significant investment. Pets can test furnishings for comfort, fit, and durability. Knowledgeable staff provide guidance on matching items to pet size, breed, or habits. Showrooms showcase attractive arrangements for decor inspiration. Superstores maintain wide assortments under one roof for one-stop shopping convenience. Specialty pet boutiques offer niche premium brands alongside toys and accessories. Custom orders are commissioned to exact specifications. Offline retail environments help consumers make informed selection from tangible products.

Regional Insights

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North America continues to be the dominant region in the global pet furniture market with 37.8% of the market share. The large pet population in countries like the U.S. and Canada has ensured a strong demand for various pet accessories and products. Pet owners in the region are increasingly purchasing comfortable and stylish furniture for their pets as their companion animals are considered as important family members. This growing humanization of pets is a key factor that has been crucial in driving the need for specialized furniture. Furthermore, new product innovations catering to specific breeds and types of pets have expanded the portfolio of many furniture brands in North America. Customers want options that suit the exact needs of their dogs, cats, or other small domestic animals. The presence of major pet furniture manufacturers and retailers in the region helps ensure wide availability and aggressive marketing of different types of pet beds, sofas, trees, and loungers. Changing lifestyle trends among urban pet owners have also boosted the popularity of premium and designer pet furniture.

Among growing regions, Asia Pacific is emerging as the fastest expanding market for pet furniture globally. Rapid urbanization and increasing disposable incomes in countries, such as China, India, and several Southeast Asian nations, have led to rising pet ownership in recent times. Changing mindsets and social attitudes have strengthened human-animal bonding even in nations with historical preferences for utility pets rather than companions. These socioeconomic developments are translating to growing spending on pet products, including need-based and comfort furniture. The relatively untapped nature of the APAC pet care sector also means furniture brands have room to experiment with novel designs, materials, and functionality suited to tropical weather conditions and lifestyles prevalent in the region. Early adaptors in Asia Pacific looking for furnishing options focused on wellness, environmental-friendliness and fashionability present opportunities for both international and local pet furniture startups. Investments in manufacturing and distribution infrastructure can help companies fortify their positions in this rapidly developing economic bloc.

Market Report Scope

Key Developments

• In July 2022, Aldi, a Germany-based brand, launched a new collection of mini rattan loungers for dogs, including a stylish rattan frame, a removable water bowl, and a canopy to provide shade during the day.
• In March 2022, B&M launched a new range of pet furniture, including a tiny egg chair, a black side table, and a grey pet house-like bedside table for cats.
• In August 2021, Pawscape declared the official grand opening of its direct-to-consumer website providing a variety of dog and cat furniture to integrate stylishly into any décor, keep pets safe, and make them happy
• In September 2022, through a partnership with interior designers Jeremiah Brent and Nate Berkus, PetSmart launched an exclusive collection for pets and pet owners. The new line includes furniture, accessories, and décor for small pets, reptiles, and others.
• In September 2022, a Portland-based designer launched Bink Rabbit Goods, a rabbit house lifestyle brand, with the launch of two products, the Credenza and the Bench, with litter box options for free-roaming house rabbits

*Definition: The global pet furniture market consists of products designed specifically for pets for sleeping, resting, and playing. This includes pet beds, couches, stairs, tunnels, houses, and other furniture items that provide comfort, warmth, and protection for pets. The market also includes personalized pet furniture catering to different pet types and sizes. As pet ownership rises globally, the pet furniture industry has been growing steadily to meet the increasing demand for high-quality, innovative, and aesthetically pleasing furniture for pets in households worldwide.

Market Segmentation

• Type Insights (Revenue, USD Bn, 2019 - 2031)
  • Pet Sofas & Beds
  • Pet Houses
  • Pet Trees
  • Others
•  Pet Type Insights (Revenue, USD Bn, 2019 - 2031)
  • Dogs
  • Cats
  • Aquatic Pets
  • Birds
  • Others
•  Distribution Channel Insights (Revenue, USD Bn, 2019 - 2031)
  • Offline Retail
  • Online Retail/E-commerce
• Regional Insights (Revenue, USD Bn, 2019 - 2031)
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC Countries
    • Israel
    • Rest of Middle East & Africa
• Key Players Insights
  • Go Pet Club
  • Ware Pet Products
  • Inter IKEA Systems B.V.
  • PetPals Group
  • MidWest Homes for Pets
  • North American Pet Products
  • Aosom LLC
  • MiaCara GmbH & Co. KG
  • Fable Pets, Inc.
  • Critter Couch Company
  • Furhaven Pet Products
  • MAA Collections
  • K&H Manufacturing
  • Sherpa Pet
  • Quaker Pet Group
  • Purrfect Pet Furniture
  • Ultra Modern Pet
  • Wonder Pet Furniture Manufacturing
  • Fantasy Manufacturing
  • Richell USA, Inc