The U.S. Pet Furniture Market is driven by Greater Emphasis on Pet Wellness and Happiness
The Global 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 Petplexus, Go Pet Club, North American Pet Products, Ultima Products, Midwest Homes for Pets. These companies offer a diverse range of innovative, high-quality pieces for dogs and cats.
The growing pet humanization trend and increase in pet ownership across U.S. households has fuelled the demand for pet furniture. According to statistics, 68% of households in USA own a pet. Pet parents spare no expense to ensure comfort of pets and opt for dedicated spaces, beds, carriers for them.
The market players are focusing on global expansion to tap into opportunities in international U.S. Pet Furniture Market Size . Firms have begun extensive marketing and collaboration with overseas retailers and e-commerce websites to strengthen their global presence and cater to rising global pet adoption.
Market Drivers
The key drivers for the U.S. pet furniture market include growing awareness about pet wellness, health and happiness. Pet owners understand importance of providing pets dedicated comfortable spaces for resting, playing and sleeping. This has driven higher uptake of innovative, orthopedic and multi-functional furniture. Increased spending capacity of pet parents and humanization of pets also support the market growth.
The geopolitical tensions around the world are impacting the growth of the U.S. Pet Furniture Market. The ongoing Russia-Ukraine conflict and rising inflation has weakened the global economy. This has made consumers cut down on their discretionary spending including on pet products. Pet owners are choosing more affordable pet supplies and postponing large purchase decisions for their furry companions. The rate of pet adoption has also slowed down which is critical for the demand of pet furniture.
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