U.S. PET FURNITURE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

U.S. Pet Furniture Market, By Type (Pet Sofas & Beds, Pet Houses, Pet Trees, and Others), By Pet Type (Dogs, Cats, Aquatic Pets, Birds, and Others), By Distribution Channel (Offline Retail and Online Retail/E-commerce)

Published In : Apr 2024
Code : CMI6894
Pages :132
Formats :
Excel and PDF
Industry : Consumer Goods

Challenges: Increasing competition from local manufacturers

The U.S. pet furniture market faces challenges in terms of increasing competition from local manufacturers. As the demand for specialized pet furniture is rising in the country, many local players have entered the market with low cost products. This increasing competition from local brands is creating pricing pressure on established brands. Moreover, fluctuations in raw material prices also pose challenge as it affects the production cost.

Opportunities: Growing Pet Donations

However, the U.S. pet furniture market also presents opportunities for growth. As pet adoption is growing in the country, many households now consider pets as part of family. This increased humanization of pets is encouraging pet parents to buy specialized furniture for their comfort and convenience. Moreover, rising disposable income allows customers to spend more on premium pet accessories and furniture. The market is expected to utilize these opportunities for business expansion and capture additional share through customized product offerings.