May 22, 2024
U.S. Pet Furniture Market

U.S. Pet Furniture Market is Estimated to Witness High Growth Owing to Increasing Pet Humanization

The U.S. pet furniture market comprises beds and sofas, trees and condo’s, crates and dens and other products that provide comfort and safety to pets. Pet furniture allows pets to rest, play and have a dedicated personal space, increasing their quality of life. With rising pet adoption and humanization in the country, demand for various pet furniture is growing from pet owners.

The U.S. pet furniture market is estimated to be valued at US$ 3.41 Bn in 2024 and is expected to exhibit a CAGR of 5.2% over the forecast period 2024-2031.

Key Takeaways

Key players operating in the U.S. Pet Furniture Market Growth are 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. The key players are focused on offering innovative and technologically advanced pet furniture.

The increasing pet humanization trend in the U.S. provides huge opportunities for players in the U.S. pet furniture market to grow their business. The trend of designing home d├ęcor with pets in mind has increased demand for aesthetically pleasing and multi-functional pet furniture. Pet owners also look for pet furnitures that promote healthy activity and lifestyle for their pets.

In terms of geography, the Western and Southern region dominates the U.S. pet furniture market currently. However, with growing pet adoption and humanization, the Northeast and Midwest regions are expected to witness significant growth over the forecast period. Key players are focusing on expanding their product offerings and promotional activities in these emerging regions.

Market drivers

Increasing pet adoption and humanization: Pet humanization trend has increased significantly in the U.S. in the past decade. More people are getting pets and treating them as integral family members. This drives the demand for specialized pet care products like pet furniture.

Rising disposable income: Higher disposable incomes allow U.S. households to spend more on various pet care products and services. Pet owners now consider superior quality and branded pet furniture as important investment for their pet’s comfort and well-being.

PEST Analysis

Political: The pet furniture industry in the U.S. is affected by regulations regarding pet safety standards and testing. Manufacturers have to ensure their products meet these standards to safely sell their items.

Economic: Consumer spending on pets has increased over the years as more households view pets as family members. This positive economic environment allows the pet furniture market to experience steady growth.

Social: More people are choosing to spend time and money caring for their pets. Social trends reflect how companionship from pets can reduce stress. This contributes to demand for comfortable pet furniture.

Technological: Production techniques let manufacturers customize pet furniture designs and materials. New technologies help test pet items for durability and safety. Online shopping has grown, making a variety of pet furniture more accessible to consumers.

Regions of Concentration

The Western and Midwestern regions of the United States account for the largest shares of the U.S. pet furniture market in terms of value. California, Texas, Illinois and Ohio have some of the highest populations of pet-owning households. Urban centers in these areas provide established consumer bases.

Fastest Growing Region

The Southeast region of the U.S. is poised to experience the fastest growth in the pet furniture market during the forecast period. States like Florida, North Carolina and Georgia have experienced population increases. As more families relocate to cities in the South, pet ownership is rising. This demographic and lifestyle shift supports expanded demand for high-quality pet furniture in the Southeast

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