Press release
Europe Pet Furniture Market is Expected to Soar in the Upcoming Years 2024 - 2031 | Georgian products , Kokaa Pet Furniture
Europe Pet Furniture Market
The Europe Pet Furniture Market is estimated to be valued at USD 1.75 Bn in 2024 and is expected to reach USD 2. 68 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031.
Market Dynamics:
Pet ownership in Europe has significantly grown over the past decade owing to rising perception of pets as companion animals rather than commodity. According to the European Pet Food Industry Federation, around 64.8 million households owned a pet in Europe in 2020, indicating an increase of 4.2% as compared to 2015. Dogs remain the most popular pets with around 47.7 million dogs owned in Europe in 2020. Additionally, millennials are more inclined to adopt pets as they consider them stress relievers. This growing pet ownership is augmenting the demand for pet furniture such as beds, scratchers, and sofas. Further, premiumization trend wherein owners are willing to spend on high-quality pet products for ensured well-being of pets is also fueling the Europe pet furniture market growth over the forecast period.
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Europe Pet Furniture Market Drivers -Increasing Humanization of Pets Leads to Expenditure on Premium Pet Products
With the increasing trends of humanization of pets, pet owners across Europe are increasingly willing to spend more on premium and customized pet products including pet furniture. According to recent surveys, over 75% of pet owners treat their pets like members of their families and are willing to provide utmost care and comfort to their pets including premium living spaces like couches, beds, stairs, and sofas custom made for pets. This rising trend of humanization of pets is a major driver for the growth of Europe pet furniture market.
Europe Pet Furniture Market Opportunity -Increasing Online Sales and E-commerce Penetration
The growing e-commerce industry and rising online spending on pet products present a significant opportunity for the Europe pet furniture market players. According to recent analyses, pet product spending through online channels is experiencing year on year growth of over 15% in Europe. This is attributed to convenience of online shopping for both standard and customized options and home delivery facilities. Leading players are focusing on ramping up their online presence with innovative product display and virtual product trial facilities. The online medium also helps reach a wider audience beyond top tier cities. If leveraged well through dynamic online campaigns and engagement, e-commerce can help Europe pet furniture market realize its untapped potential.
Europe Pet Furniture Market Trend - Increasing Demand for Eco-Friendly and Sustainable Furniture
With rising awareness around eco-friendly lifestyles and sustainability, there is a growing demand for green and sustainable pet furniture options in Europe. Customers prefer pet furniture made using recycled, organically grown, toxin-free, and deforestation-free materials that have lesser environmental impact. Product innovations integrating cotton, jute, bamboo are gaining popularity. Further, emphasis on extending product life through durability and repairs appeal to customers. Companies responding to this demand through sustainable collections, packaging initiatives, and transparent sourcing policies are likely gain more traction. The trend reflects Europe's focus on developing circular economy and pushes pet furniture makers towards green manufacturing.
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Top Companies Featured in This Report:
★ Georgian products
★ Kokaa Pet Furniture
★ RHR Pets Europe
★ Danish Design Co
★ Pet Empire
★ The Pet Carpenter
★ Home Pine Furniture Centre
★ Maker&Son
★ The Tweed Hound
★ Milo & Pi Luxury Dog Beds
★ The Painted Furniture Co.
★ Inter IKEA Systems B.V.
★ MiaCara GmbH & Co. KG
Market Segmentation:
By Product Type:
★ By Type: Pet Sofas & Beds, Pet Houses, Pet Trees, and Others
★ By Pet Type: Dogs, Cats, Aquatic Pets, Birds, and Others
★ By Distribution Channel: Offline Retail and Online Retail/E-commerce
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
Key Inquiries Addressed in this Report include:
What was the size of the Europe Pet Furniture Market in 2024, and what is the projected value by 2031?
What is the present global market landscape for the Europe Pet Furniture Market?
What strategies offer optimal opportunities for growth maximization in the business?
What recent trends are shaping the Europe Pet Furniture Market?
How does the market share of Europe Pet Furniture Market revenue, sales, and size vary across specific geographical regions?
Who are the prominent industry players in the Europe Pet Furniture Market?
Which segment of the Europe Pet Furniture Market is experiencing heightened demand?
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Europe Pet Furniture sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
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Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
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