What is Pet Furniture Market Scope?
The pet furniture is the specialty furniture that is manufactured according to the requirements of different types of pets like dogs, cats, and others. The pet furniture is made of materials like plastic and metal that impact the growth of pet furniture market. The pet furniture is beneficial in providing animal welfare and enforcement of strict regulations that improve the internet retailing for pet care products. The pet furniture companies adding more product line in their business portfolio due to pet adoption at Asia-Pacific countries as these countries are focused on smart furniture.
The Pet Furniture market study is being classified by Type (Beds, Sofas, Houses, Trees and Condos), by Application (Dogs, Cats and Others) and major geographies with country level break-up.
Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Pet Furniture market throughout the predicted period.
Go Pet Club (United States), North American Pet Products (United States), MidWest Homes for Pets (United States), PetPals Group (United States), Ware Pet Products (United States), Inkgrid and Inter IKEA Systems B.V. (The Netherlands) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Nest Bedding (United States) and Ultra Modern Pet (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Pet Furniture market by Type, Application and Region.
On the basis of geography, the market of Pet Furniture has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Influencers and their development strategies
In March 2019, Synchrony acquired Pets Best. This acquisition is beneficial in expansion of care credit platform which delivers health, wellness and personal care credits products that can used to pay for variety of healthcare expenses including veterinary care.
In July 2018, Ikea launched a pet furniture collection which is beneficial in offering bed frames, cushions and couches for cat and dogs. This collection is known as 'Lurvig, in 5 countries that includes United States.
Influencing Market Trend
- Collaboration and Tie Up Of Leading Players
- Value Oriented Consumers
Market Drivers
- Increase in demand of fashionable and multifunctional furniture.
- Rise in nuclear families in developed countries in APAC regions.
Opportunities
- Rise in Demand of local and small players in the pet furniture market.
- Increase in organic and ecofriendly raw materials.
Restraints
- High cost associated with smart furniture that acts as a restraint for the growth of the market.
- Stringent government rules and regulations in pet furniture market.
Challenges
- The pets sitting arrangements are not available.
Key Target Audience
Pet Furniture Manufacturers, Pet Furniture Traders, End-Use Market Participants of Different Segments of Pet Furniture, Government and Research Organizations, Associations and Industrial Bodies, Research and Consulting Firms, R&D Institutions and Others
Customization available in this Study:
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