Industry Background:
Cat furniture is such a structure specifically made for cats so as to play, sleep, relax, and exercise on. Cat furniture varies in intricacy and height, with many of the cats favouring features offering height, comfort, and playing. With the growing popularity of pets in youngsters the cat furniture market is growing.This growth is primarily driven by Growing Popularity among the Youth Regarding Pet Ownership
.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Consumer Goods sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Tuft + Paw (United States), Trixie (Germany), AeroMarket International Inc. (Armarket) (United States), Kitty Mansions (United States), MAJESTIC PET PRODUCTS, INC. (United States), Catastrophic Creations (United States), The Refined Feline (United States), Cat Tree Factory (Canada), PetPals Group (United States), New Cat Condos (United States), Imperial Cat (United States) and Molly and Friends (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In October 2020, A Germany-based startup, Catrub introduced its first modular multifunctional cat furniture, Catrub ONE, with a modern design that meets the modern living style of pet owners. Catrub ONE includes a cozy sleeping cave with a cushion, play elements, ball game, and a brush. Further, it is also equipped with renewable sisal elements and scratch cardboard inserts that help cats to sharpen their claws.
In April 2021, Cat Matter a manufacturer of cat furniture launched Cat Case Combination Cat Tower and Scandinavian-inspired bookcase on National Pet Day. The newly made cat case is lightweight and easy to assemble. Cat case is available in different finishes including Havana Brown (walnut), Tabby (hand-rubbed birch), Rag Doll (oak), and DIY Unfinished (pine).The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Regulatory Insights:
According to the pet product regulation in the United States, pet products such as pet toys, clothing, accessories, furniture, and other pet products must follow consumer product regulations and standards according to the different products. 16 CFR Part 1640 is a standard for the flammability of upholstered furniture, which covers requirements such as Labeling and with the California Technical Bulletin (TB) 117-2013 testing methods.
Influencing Trend:
Increase in the Selective Nature of Cat Owners Regarding the Products for their Cats and Rise in Spending on Pets
Market Growth Drivers:
Growing Popularity among the Youth Regarding Pet Ownership and Increase in the Cat Owners and their Methods of Caring and Pampering of Cats
Challenges:
Availability of New Advanced Technologies
Restraints:
Volatile Prices of the Raw Materials for Making the Cat Furniture
Opportunities:
Rising Demand for More Innovative and Fashionable Cat Furniture and Increasing Features of New Products for Cat’s Comfort
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Cat Furniture Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Cat Furniture Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Cat Furniture players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Cat Furniture Study Sheds Light on
The Cat Furniture Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Cat Furniture industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cat Furniture industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.