openPR Logo
Press release

Pet Furniture Market is Expected to Grow at a CAGR of 6.5% by 2027-Allied Market Research | FurHaven Pet Products, Go Pet Club, MidWest Homes for Pets, Nest Bedding, North American Pet Products, PetPals Group

08-20-2021 08:17 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied market research

/ PR Agency: Allied market research
Pet Furniture Market is Expected to Grow at a CAGR of 6.5%

According to a new report published by Allied Market Research titled, “Pet Furniture Market By Product Type, Pet Type, And Distribution Channel: Opportunities and Forecasts, 2021-2027,” the global pet furniture market size was valued at $3,443.4 million in 2019, and is projected to reach $5,139.4 million by 2027, growing at a CAGR of 6.5% from 2021 to 2027. In 2019, North America accounted for the largest share of around 38.6% due to rise in health hygiene expenditure of pet animals, and well-established health care facilities for pets in this region. . However, emerging countries in Asia, such as China and India, would witness increase in demand for pet furniture during the forecast period, owing to increase in awareness for comfort towards pets, rise in number of employed households, and growth in disposable income.

Growth in value sales for pet furniture industry is attributable to surge in demand for innovative products Beds & Sofa’s category, which facilitate better results. Pet furniture is noticeably popular and expanding with significant pace in developed regions of the Americas and Europe, where manufacturers are coming up with new product innovations considering pets health and comfort to help pet owners adopt to a lifestyle with good convenience. Dogs and cats’ segment are key to the performance of the market as compared to another segment. Advanced cost effective and customized furniture, rising concerns towards pet care, increase in health expenditure for animals as well as huge varieties in furniture for pet creates offers numerous pet furniture market opportunities.

Ask for sample copy of this report >>> https://www.alliedmarketresearch.com/request-sample/11197

Pet furniture have witnessed higher rate of penetration in North America and Europe. However, low availability has been observed for these products in some major parts of Asia-Pacific and LAMEA, which is attributable to low performing macro-economic factors such as internet penetration and aggressive marketing strategies by the manufacturers. Thus, lower penetration of such products limits the pet furniture market growth.

For the purpose of pet furniture market analysis, the market is segmented into Houses, Beds & Sofas and Trees & Condos on the basis of product type. Among the three types, Houses accounted for a larger share of around 47.5% of the overall market in 2019. Also Houses segment is expected to capture a larger market share in 2027, owing to increase in demand for wide range of varieties. This pet furniture market segment is anticipated to witness faster growth in developed economies, and would account for 46.1% of the overall market by 2027.

The pet furniture market is segmented based on pet type, product type, and distribution channel. Depending on pet type, the market is divided into cat, dog and others. And depending on product type, the market is divided into Houses, Beds and sofas, Trees and condos. On the basis of distribution channel the market is segmented in specialty stores, supermarkets/hypermarkets, e-commerce, and others. On the basis of regions, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. The Dog segment is expected to account for 46.1% of the overall market revenue by 2027.

Get detailed COVID-19 impact analysis@ Request For Customization>>> https://www.alliedmarketresearch.com/request-for-customization/11197?reqfor=covid

Key Findings Of The Study

In 2019, North America was the highest revenue-generating market, due to rise in health care expenditure and well-established health care facilities in this region
Europe has emerged to be the second largest market with France and Germany accounting for the prominent pet furniture market share of the overall market by value.
Houses has emerged to be the prominent segment due to increase in demand for wide range of varieties.

Asia-Pacific is expected to witness the fastest growth from 2019 to 2027, owing to increase in adoption of eco-friendly pet furniture in developing economies such as China and India
The prominent companies profiled in this report include FurHaven Pet Products, Go Pet Club, MidWest Homes for Pets, Nest Bedding, North American Pet Products, PetPals Group, Inc, Prevue Pet Products, Taizhou Huamao Handicraft Article Co., Ltd, Ultra Modern Pet, Ware Pet Products. Currently, the pet furniture market is majorly driven by growth strategies such as product. Nest Bedding launched natural pet beds in recent years to increase their customer base and expand their market penetration.

Interested in Procuring this Report? Visit Here >>> https://www.alliedmarketresearch.com/purchase-enquiry/11197

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting services to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Pet Furniture Market is Expected to Grow at a CAGR of 6.5% by 2027-Allied Market Research | FurHaven Pet Products, Go Pet Club, MidWest Homes for Pets, Nest Bedding, North American Pet Products, PetPals Group here

News-ID: 2361429 • Views: 153

More Releases from Allied market research

Fantasy Sports Market in Asia-Pacific & Canada is Expected to Reach $3,739.8 Mil …
According to a new report published by Allied Market Research, titled, “Asia-Pacific & Canada Fantasy Sports Market by Sports Type, Platform, and Demographic: Regional Opportunity Analysis and Industry Forecast, 2021–2027,” Asia-Pacific & Canada fantasy sports market size was valued at $2,021.9 million in 2019, and is projected to reach $3,739.8 million by 2027, growing at a CAGR of 10.7% from 2021 to 2027. Fantasy sport is played using internet where participants
Hammock Market Size Is Projected Reach $639.8 Million By 2030, Registering At A …
Surge in hiking and adventure tourism, rise in demand from residential segment, and expansion of hospitality industry drive the growth of the global hammock market. North America contributed to the highest share in terms of revenue in 2020. The outbreak of the COVID-19 pandemic has resulted in transition of consumers toward online sales channels to purchase campaigning gear products including hammocks. According to the report published by Allied Market Research, the
Cotton Personal-Care Product Market 2021: Top Factors That Are Leading The Deman …
A lead analyst at AMR highlighted the market across Europe region is expected to dominate in terms of revenues throughout the forecast period. Allied Market Research published a research report on the Cotton personal-care product market. The findings of the report states that the global market for Cotton personal-care product is expected to reach $19.15 billion by 2028, manifesting a CAGR of 4.6% from 2020 to 2028. The report provides valuable
Global Football Sportswear Market Growing Trade Among Emerging Economies Opening …
As per the report published by Allied Market Research, the global football sportswear market is estimated to reach $114.41 billion by 2027, growing at a CAGR of 5.3% from 2021 to 2027. The report highlights market characteristics, market potential, and growth by segmentation, and competitive landscape. Rise in sportswomen, surge in participation in football, and development in sportswear drive the growth of the global football sportswear market. Access Full Summary: https://www.alliedmarketresearch.com/football-sportswear-market-A09835 Chinese companies

All 5 Releases


More Releases for Pet

PET Containers Market
Fact.MR delivers key insights on the PET containers market in its published report, titled “PET Containers Market: Industry Analysis and Opportunity Assessment, 2018–2028”. In terms of revenue, the PET containers market is estimated to expand at a CAGR of 5.1% during the forecast period, owing to numerous factors, about which Fact.MR offers thorough insights in this report. To get in-depth information view the report @https://www.factmr.com/report/1321/pet-containers-market Over 500 billion PET bottles are used
China Pet Food Market
China Pet Food Market The China Pet Food market is growing at a stronger rate due to the accelerating pet pollution, increasing pet adoption rates, and fast urbanization in China. The market is predicted to experience increased demand over the forecast period (2020-2027). Pet food is a dietary nutrient that is mainly derived from plant and animal sources and is often consumed by pets. This food product helps in the overall
Recycled PET Market Share, Recycled PET Market Size, Recycled PET Market Trends, …
Scope of the Report: This study provides an overview of the global recycled PET market, tracking one market segment across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for
Global Pet Product Market Segment by Type - Pet Food Products, Pet Drug Products …
Researchmoz added Most up-to-date research on "Global Pet Product Market Segment by Type - Pet Food Products, Pet Drug Products, Pet Health Products, Pet Feeding Products and Pet Clothing Products" to its huge collection of research reports. This report studies the global Pet Product market, analyzes and researches the Pet Product development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top
Pet Health Products Market
A pet or companion animal is an animal kept primarily for one's company, protection, or entertainment. Popular pets are regularly noted for their attractive appearances and their loyal or playful personalities. While dogs and cats are the most preferred pet animals, people also keep house rabbits, fancy rats, guinea pigs, parrots, chickens, and aquatic pets. The trend of pet adoption and keeping is gaining rapid traction across the globe. The
Pet Project Malaysia 2013
To be held on 23rd March, 2013 (from 9am to 6pm) at The British International School of Kuala Lumpur in association with Expatriate Lifestyle, Pet Project Malaysia is BACK and we are once again “Getting Active to Help Save Animals”. Created in 2011, this is an event to unify the community in supporting animal welfare by doing something FUN and proactive. This event is open to the public and we