The U.S. pet furniture market caters to the needs of dogs and cats and includes products such as pet beds, pet houses, and pet stools amongst others. Pet furniture provides comfort and plays a vital role in maintaining the hygiene of pets. The increasing humanization of pets has boosted investments in comfortable and attractive furniture for pets. With more people adopting pets for companionship during the pandemic, the demand for specialty products such as designer beds, houses, and couches for pets has increased tremendously.
The U.S. Pet Furniture Market is estimated to be valued at US$ 2.3 Bn in 2024 and is expected to exhibit a CAGR of 5.8% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the U.S. pet furniture are Go Pet Club, Ware Pet Products, PetPals Group, MidWest Homes for Pets, North American Pet Products, Aosom LLC, Fable Pets, Inc., Critter Couch Company, Furhaven Pet Products, Kuranda USA. The major players are investing in innovative product development and are focusing on online distribution channels to increase their market share.
The growing U.S. Pet Furniture Market Demand and surge in pet adoption especially during the pandemic has boosted the demand for comfortable and premium pet furniture in the country. According to the APPA National Pet Owners Survey 2021-2022, around 70 million homes in the U.S. own at least one pet. This has created huge opportunities for furniture manufacturers catering to the needs of pets.
Technological advancements in terms of material, design, and features have enhanced pet comfort and convenience. The adoption of orthopedic memory foams and fabrics, heated and cooling beds, and portable/ foldable houses allow users to customize the sleeping and resting space for pets. Various health benefits such as prevention of aches, pains, and shedding have increased the demand for innovative pet furniture.
Market Trends
Eco-friendly and sustainable materials: Major players are focusing on using recycled, natural, and sustainable materials such as bamboo, organic cotton, and recycled wood to manufacture pet furniture. This is expected to drive market growth.
Personalization and customization: Options such as customizable size, color, and add-ons allow users to create personalized spaces for pets as per their size, breed, and lifestyle needs. This trend is gaining popularity.
Market Opportunities
Rise of multi-pet households: With nuclear families increasingly getting multiple pets, the scope for multi-functional, portable and spacious furniture suitable for catering to multiple pets exists.
Growth of pets as family members: As pets become integral family members, the demand for premium, branded, and durable furniture designed especially for long-term use will continue to drive market opportunities.
Impact of COVID-19 on U.S. Pet Furniture Market Growth
The COVID-19 pandemic negatively impacted the U.S. pet furniture market growth in 2020. During the initial phases of the pandemic, widespread lockdowns and social distancing measures led to temporary closures of retail stores and disruption in supply chains. This affected the market's ability to meet the rising demand from pet parents who were spending more time at home with their pets due to remote working. However, with people growing more attached to their pets for companionship during isolation, the demand for high-quality pet furniture surged. This provided some respite to market players from mid-2020 onwards as manufacturing and logistics resumed operations slowly and retailers established efficient online business models. Going forward, the increased human-animal bonding during the pandemic is expected to boost demand. Meanwhile, market players will need to focus on supply chain management, adopting omni-channel retailing and affordable pricing strategies to cater to the increased demand in the post-COVID scenario.
In terms of regions, California accounts for the largest share in the U.S. pet furniture market in terms of value. This is attributed to factors like high pet ownership rates in the state, rising disposable incomes leading to increased spending on pet products and services, and concentration of major market players in areas like Los Angeles and San Francisco. Meanwhile, Texas has emerged as the fastest growing regional market for pet furniture given its booming economy, rapid urbanization and a surge in pet ownership during the pandemic. Other high growth states include Florida, Pennsylvania and New York supported by similar socio-economic factors.
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Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups.
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