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

U.S. Pet Furniture Market Size and Trends

The U.S. pet furniture market is estimated to be valued at USD 2.3 Bn in 2024 and is expected to reach USD 3.41 Bn by 2031, growing at a compound annual growth rate (CAGR) of 5.8% from 2024 to 2031.

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Pet ownership rose significantly during the pandemic and continues to rise. With increased humanization of pets, owners are increasingly purchasing specialized furniture and fixtures to keep pets comfortable at home. Rising disposable incomes and humanization of pets have increased spending on premium and specialized pet furniture. The trend of treating pets as part of the family is expected to continue growing and drive the market over the forecast period as owners invest more resources to ensure pets live comfortably. Consumers are increasingly willing to spend on high quality, innovative furnishings made from sustainable materials to enrich their pets' lives indoors and out.

Humanizing Pets

In recent years, there has been a strong trend of humanizing pets in the U.S. pet owners are increasingly treating their pets like members of the family rather than mere animals. They are willing to spend more and go the extra mile to ensure their pets have a comfortable lifestyle with good nutrition, regular healthcare, and suitable living arrangements. As pets are treated more like children in a family, it is natural for pet owners to offer suitable furniture to their pets just like any other family member. This includes beds, couches, chairs designed specifically for pets and other seating arrangements to make pets feel at home. With humanization continuing to grow strongly, it is driving more pet owners to invest in comfortable and aesthetically appealing pet furniture that blends well in their living spaces.

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Along with humanizing pets, American pet owners are also placing greater importance on the overall wellness and happiness of their pet companions. There is a growing understanding that keeping pets physically and mentally stimulated is important for their health and behavior. Providing the right type of pet furniture allows pets to be comfortable and keep themselves engaged when home alone. It also provides relief for joints and aging pets. Higher quality, specialized pet furniture marketed as promoting pet wellness is growing rapidly in popularity. Consumers have shown willingness to pay premium prices for brands focused on wellness benefits such as orthopedic support, relieving stress, or keeping pets mentally occupied. As pets become integral family members, their contentment and quality of life will continue driving American pet owners to invest more on suitable living arrangements and specially designed furniture to keep pets happy.