June 22, 2024
U.S. Pet Furniture Market

The U.S. Pet Furniture Market is driven by increasing pet humanization trends by 2024

The U.S. Pet Furniture Market comprises a wide range of products such as pet beds, kennels, couches, and stair & ramps that provide comfort and shelter to pets. Pet furniture helps in maintaining hygiene, prevents injuries and stress, and provides recreation to pets. Rising pet ownership and humanization of pets in the U.S. has accelerated the demand for high-quality and durable pet furniture.

The Global 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 to 2031.

Key Takeaways

Key players operating in the U.S. Pet Furniture Market Demand 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 rising demand for premium quality and multi-functional pet furniture in the U.S. is creating growth opportunities for key players. Companies are focusing on new product launches, innovative designs, and competitive pricing strategies to gain market share.

The growing pet dog and cat population in the U.S. is fueling demand for pet furniture. According to the American Pet Products Association, 85 million homes in the U.S. own a pet. Changing consumer lifestyles and views toward pets are inducing higher spending on pet care products and services. Pet owners are increasingly investing in comfortable and aesthetic furnishings for their pet’s well-being and convenience at home.

Key players are expanding their manufacturing and distribution networks globally to leverage opportunities in international markets. The growing pet care industry, rising disposable incomes, and increasing pet humanization trends in countries including Canada, the UK, Germany, Italy, and Australia are encouraging pet furniture providers to strengthen their presence overseas.

Market key trends

One of the key trends gaining traction in the U.S. Pet Furniture Market is the introduction of multi-functional and innovative pet furniture. Manufacturers are offering pet furniture with add-ons like toys, scratch pads, side tables, and storage space. There is also a rise in personalized and customized pet furniture incorporating prints, collars, and embroidery work. Pet parents are willing to spend more on beds, couches, and residential pieces that blend into their home décor. Sustainable and eco-friendly pet furniture made from recycled, organic, and natural materials are increasingly preferred.

Porter’s Analysis

Threat of new entrants: New companies can face high costs for marketing, licensing, and distribution to gain brand recognition in this established market.

Bargaining power of buyers: Buyers have moderate bargaining power as there are many suppliers but pet furniture is still a niche product category.

Bargaining power of suppliers: A few large suppliers exist but many options are available so supplier power is moderate.

Threat of new substitutes: Potential substitutes include DIY furniture but special materials and designs give pet furniture some differentiation.

Competitive rivalry: Competition is moderate to high as main players already have market share but new products and smaller brands still compete.

Geographical Regions

The Northeast region of the United States accounts for the largest share of the U.S. pet furniture market in terms of value, due to high pet ownership rates and disposable income levels in states such as New York, New Jersey, and Massachusetts. The Western U.S. region, especially California and Washington, represents the fastest growing market for pet furniture as more single-person and DINK households own pets and are willing to spend on high-quality items. With many pet-focused startups and innovation, the West Coast drives new product development

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