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

The U.S. pet furniture market is estimated to be valued at USD 2.3 Bn in 2024, growing at a compound annual growth rate (CAGR) of 5.8% from 2024 to 2031. The pet furniture market in the U.S. has seen significant growth over the past decade. As pet ownership has increased across American households and pets are increasingly being treated as members of the family, pet parents are spending more on luxury items to make their furry companions feel comfortable and at home. The COVID-19 pandemic in particular drove even greater investment in pet furniture as people spent more time with their pets and wanted to furnish their living spaces accordingly. Increased disposable income, humanization of pets, rising nuclear families, and the desire to pamper pets have all contributed to the rising demand for stylish, high-quality and specialized pet beds, crates, stairs, and other furnishing options in the U.S. market.

 Market Dynamics:

The U.S. pet furniture market has been driven primarily by the growing humanization of pets among American consumers in recent years. More people consider their pets as part of the family and are thus willing to spare no expense on products that ensure pets' comfort and well-being. The COVID-19 pandemic acted as a major boon for the market as pet adoptions increased and people invested more in furniture and accessories to keep pets entertained during lockdowns. However, rising costs of raw materials pose a challenge as they inflate the overall costs of pet furniture. Furthermore, the availability of cheaper alternatives from local manufacturers also restrains the market to a certain degree. Looking ahead, the booming e-commerce industry in the country is opening up new avenues for market players to tap the online retail space. Customization options and trendier, innovative designs will further enhance the popularity of pet furniture.

 Key Features of the Study:

• This report provides an in-depth analysis of the U.S. pet furniture market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players in the U.S. pet furniture market
• It profiles key players in the U.S. pet furniture market based on the following parameters, company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include 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, Ware Manufacturing, Inc., Richell USA, Inc., FURminator, Inc., Petmate, Pawnotch, North American Pet Products, Molly And Friends, and Armarkat
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global U.S. pet furniture market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global U.S. pet furniture market

Market Segmentation

• Type:
• • Pet Sofas & Beds
  • Pet Houses
  • Pet Trees
  • Others
• Pet Type:
• • Dogs
  • Cats
  • Aquatic Pets
  • Birds
  • Others
• Distribution Channel:
• • Offline Retail
  • Online Retail/E-commerce
• Company Profiles:
• • 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
  • Ware Manufacturing, Inc.
  • Richell USA, Inc.
  • FURminator, Inc.
  • Petmate
  • Pawnotch
  • North American Pet Products
  • Molly And Friends
  • Armarkat