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

Market Size and Trends

The Europe Pet Furniture Market is estimated to be valued at USD 1.75 Bn in 2024 and is expected to reach USD 2. 68 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031.

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Increasing pet ownership across the region along with rising disposable incomes are expected to primarily drive the demand for pet furniture during the forecast period. The Europe pet furniture market is expected to witness a positive trend over the next decade. Pet humanization is on the rise in the region with owners increasingly spending on high-quality pet products that enhance the lifestyle of their pets. This has increased the demand for attractive, durable, and specialized furniture for pets. In addition, multifunctional and portable furniture options are gaining popularity among pet owners. Innovation in design and material will also boost the market growth with new products catering to the various needs of pets.

Rising Pet Humanisation in Europe

Pet humanisation has been on the rise across Europe in recent years. Pet owners are increasingly treating their pets like members of the family rather than mere animals. They are willing to spare no expense in ensuring their pets live a comfortable life. This trend has been driven by changing demographics like declining marriage and birth rates. With fewer children to take care of, people are showering their love and affection on pets instead. Also, pets are seen as companions who are always happy to see their owners, in contrast to humans who can be stressful at times.

This rising pet humanisation has resulted in higher spending on pet products in Europe. Owners want their pets to have the best of everything from food to toys to furniture. Just like humans have their own beds, sofas and chairs, pets now have specially designed beds, cushions, sofas, chairs and more in their owners' homes. Premium pet furniture brands have emerged that offer high quality, luxurious products made of materials like memory foams and organic fabrics. These products come with additional features like orthopedic designs for senior pets. Human-level furniture for pets has become a sign of spoiling them and showing love. Some owners even decorate their pet areas like human bedrooms with wallpapers and rugs. The trend of treating pets as part of the family rather than animals is driving significant demand for pet furniture in Europe.

Another driver for the growth of the pet furniture market in Europe has been the rise of multipet households. With more people living alone or families having fewer children, pets are providing enhanced companionship. However, instead of just one pet, many owners are now adopting two or more pets. This could be multiple cats and dogs or a mix of species. However, having multiple pets in the same household raises the need for them to have their individual spaces. Just like siblings have their own beds, multipet families require separate furniture, beds, sofas, carriers, and more for each of their pets. Brands have introduced product lines tailored for multipet homes with options for owners to buy matching or color coordinated pieces for all their pets. This makes the household décor seamless while providing each pet with its own designated area. There is also a growing realization among owners about the benefits of each pet having its own space to avoid conflicts or stress.