June 21, 2024
U.S. Pet Furniture Market

U.S. Pet Furniture Market Augmented by Growing Pets Humanization Trend

The U.S. pet furniture market provides furniture and accessories that cater to pets needs and offer a comfortable sleeping area and play space for pets. Pet furniture includes pet beds, pet houses, crates & kennels, and pet couches or sitters. Pet owners are increasingly purchasing comfortable and stylish pet furniture to provide their furry companions a dedicated space at home. The growing humanization of pets and emphasis on pet well-being is propelling the demand for pet furniture in the country.

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 Growth are PetFusion, K&H Pet Products, Imperial Cat, PetPals Group, and Frisco.

The growing number of pet owners and premiumization of pet products present significant opportunities in the U.S. pet furniture market. Manufacturers are launching high-quality and designer pet furniture to capitalize on the opportunity.

The market is witnessing expansion in modern retail formats such as online retailing and franchised pet stores. E-commerce giants are partnering with pet furniture brands to increase the accessibility of pet furniture.

Market Drivers

Growing humanization of pets – Companion animals are increasingly considered as family members in the U.S. Pet owners spare no expense to provide comfort and safety to their pets. This drives the demand for comfy and safe pet furniture.

Emphasis on pet wellness and happiness – Pet owners understand the importance of giving their pets a peaceful space. Pet furniture that is ergonomic and designed for wellness is gaining traction. This bodes well for the growth of the market.

PEST Analysis

Political: The pet furniture market is impacted by various pet care regulations in the US. Strict health regulations aim to ensure pet wellness and safety.

Economic: Rising disposable incomes and dual-income households have increased pet humanization and pet expenditure. Demand grows steadily due to owners prioritizing pet comfort.

Social: Pets are increasingly considered family members. Owners spend on high-quality, specialized pet products for health, hygiene and happiness. Premiumization drives the demand for innovative, designer furniture.

Technological: Advancements in materials and craft enable long-lasting, easy-clean products. Digital engagement educates owners, fuelling demand. 3D printing allows customization.

The Western region currently holds the largest value share in the US pet furniture market due to high pet ownership in states like California, Texas and Washington. New York, Pennsylvania and Illinois also contribute significantly.

The South region is witnessing the fastest growth in the pet furniture market across the US. States like Florida, North Carolina and Georgia are major demand centers. Warm climate, expanding urbanization and growing number of nuclear families positively impact pet ownership. Young population readily adopts latest pet products and accessories.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it