Pet Furniture Market Analysis Report By Product, By Application, By Region And Segment Forecasts From 2019 To 2025

Industry Insights

The global pet furniture market size was USD 2.1 billion, in 2018. The market is expected to grow with a CAGR of 5.2% during the forecast period. The rise in spending on pet care coupled with the availability of various aesthetically appealing furniture is expected to drive the market shortly.

The demand for visually appealing pet furniture is gaining traction among consumers. There has been significant up-gradation in furniture manufacturing technologies across the world. Manufacturers are focusing on stylish and versatile furniture products to meet the demand of pet owners. There have been significant changes in the materials used for pet furniture in the recent past. Manufacturers are focusing on using premium fabrics and designer prints for products. Moreover, manufacturers’ shift towards a design-driven approach is expected to complement the home decoration of pet owners.

There is growth in spending on pets products across the world. Pet owners are increasingly spending on pets’ clothing, toys, medicines, chews & treats, and grooming services. Moreover, millennials are increasingly adopting pets. Approximately 35.0% of the global pet owners belong to the millennial age group. Their spending on pet care is comparatively higher than any other age group. Moreover, the increasing trend of pet humanization is further expected to proliferate the market. Pet humanization resulted in domestic animals being treated as a part of family members that in turn encouraged pet owners to spend more on their pets.

In the recent past, there has been a rise in the number of pet-friendly offices. These offices are expected to encourage pet owners to spend more on furniture items for their pets. Multi-functional beds are a new trend in the market. Such beds are manufactured to perform multiple tasks, as they are capable of measuring the weight of the pets along with maintaining the temperature that is ideal for pets’ health. Additionally, some furniture is designed to cater to the needs of both pet and owner simultaneously. Such furniture products have multiple small pieces of furniture attached to them. The popularity of attached furniture is growing among pet owners with small living spaces.

Product Insights

By product type, beds and sofas occupied the maximum market share with over 35%, in 2018. These are readily available in wide verities and are designed based on the weight and shape of the users. The demand for orthopedic and temperature control beds and sofas is on the rise in the recent past. Orthopedic beds are known to provide health benefits by supporting the backbone, joints, and muscles. Other products such as electrical heating beds, donut beds, and pillow or cushion beds are also getting traction among pet owners. Electrical heating beds are designed to have both heavy and thin padding. Additionally, the rise in the number of cat adoption is proliferating the trees and condos demand.

Application Insights

The dog segment held the largest market share of over 40.0%, in 2018. Countries such as the United States, Japan, India, China, Russia, and the United Kingdom have a considerable amount of dog population. Over 89 million dogs are adopted in over 60 million households in the United States.

The Cat furniture segment accounted for a considerable market share, in 2018. Nearly 45% of United States households have cats. Other countries with significant cat populations include China, United Kingdom, Russia, Germany, and France. Over the years, spending on cat furniture has increased considerably.

The adoption of other pets such as birds along with fish is also on the rise. Brazil, United States, France, Spain, and Italy have a considerable number of birds owners. Similarly, the United States, United Kingdom, China, and France are leading countries in fish adoption.

Regional Insights

North America held the largest market share with over 40.0%, in 2018. The region has a significant population of dogs and cats. Together, they accounted for over 80% of the market share, in 2018. The region is also witnessing a surge in the adoption of fish, birds, horses, and other animals. The trend for adopting multiple pets is increasing in the United States. The country’s 46% of households have more than one pet as of 2018. Among them, nearly 32% of households have both dogs and cats, while 11% own both dogs and fish. Pet expenditure has increased significantly over the past years in North America. The total expenditure on pets was over USD 72 billion, in 2018 across North America. As per the American Veterinary Medical Association (AVMA), rural areas in the United States have higher pet ownership than urban areas.

Europe held a considerable market share, in 2018. Around 80 million households in the region own domestic animals. Among them, over 21% of households have dogs while 24% of households have cats. As reported by the European Pet Food Industry Federation (FEDIAF), the value of the pet accessory market was USD 7.9 billion, in 2017.

Asia Pacific is the fastest-growing region and is expected to grow with a CAGR of 6.4% from, 2019 to 2025. India is known to be the fastest-growing country in terms of the dog population. The rising trend of a nuclear family and increasing people’s spending capacity is expected to boost the sales of pet furniture over the forecast period. China is another lucrative market in the Asia Pacific region with its cities such as Beijing along with Shanghai is expected to be a prominent market. Australia has a large significant pet population. Over 90% of cats and 75% of dogs are kept in households in the country, which in turn creates a huge demand for pet furniture.

COVID-19 Impact Insights

The pet furniture market has been witnessing rapid decline owing to the outbreak of COVID-19. The pandemic has led to the closure of production units of furniture equipment. Moreover, disruption in the supply chain resulted in the shortage of raw materials, thereby, further, reducing production. On the other hand, consumer spending on pet furniture has reduced significantly amid the financial crisis caused by the coronavirus. In addition, owing to low demand, manufacturers have reduced their spending on research and development. However, with the relaxation in lockdown restrictions, the production has resumed, however, it would take a couple of years for the market to recover. Factors such as introducing a low-cost and durable product along with strengthening their online sales are estimated to be key among market players.

Pet Furniture Market Share Insights

Leading market players are Go Pet Club, PetPals Group, Inc., Inter IKEA Systems B.V., and Ware Pet Products among others. Owing to increasing online sales of pet products, manufacturers are emphasizing omnichannel marketing. Recently, there has been significant growth in the online retailing of pet products in China and the United States.

Additionally, amid rising consumer awareness towards pet well-being, manufacturers have increased their investment in procuring natural and environment-friendly raw materials. Recently, in August 2018, Dandy Cat introduced eco-friendly cat furniture made up of bamboo.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For this study, Million Insights has segmented the global pet furniture market report based on product, application, and region:

• Product Outlook (Revenue, USD Million, 2015 - 2025)
    • Beds & Sofas
    • Houses
    • Trees & Condos
    • Others

• Application Outlook (Revenue, USD Million, 2015 - 2025)
    • Cats
    • Dogs
    • Others

• Regional Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
        • U.S.
    • Europe
        • Germany
    • the Asia Pacific
        • India
        • China
    • Central & South America
        • Brazil
    • Middle East & Africa