by The U.S. pet furniture market comprises a wide variety of products that provide comfort and safety for pets in their homes. This includes beds, crates & pens, floor & scratching posts, and others. Pet owners in the U.S. are increasingly seeing their dogs and cats as companions and family members rather than just pets. As such, there is growing demand for high-quality, specialized furniture that caters to the specific needs of pets. For instance, orthopedic pet beds help support joint health while elevated beds provide a comfortable vantage point. Crates and pens provide a secure place for pets to rest or spend time when home alone.
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 are PetFusion, Moduck, Ultra Modern Pet, Muttropolis, and Go Pet Club.
The growing humanization of pets in the U.S. has been a major driver of demand in the market. Many owners consider their dogs and cats as part of the family and want only the best for their comfort and welfare. This has ensured a robust market for specialized, high-quality pet furniture.
The U.S. Pet Furniture Market Demand has also benefited from the global expansion of many leading pet furniture brands. Companies are diverting more investment into the U.S. market through new product launches, marketing initiatives, and distribution partnerships to bolster sales volumes.
Market Key Trends
One of the key trends gaining traction in the U.S. Pet Furniture Market is customization. Several companies like PetFusion now offer a wide array of design options for pet beds, crates, and more that allow owners to select fabrics, colors, and dimensions. This personalized approach has resonated well with owners and helped companies differentiate their offerings.
Porter’s Analysis
Threat of new entrants: High capital requirements for manufacturing discourages new players in this market. Bargaining power of buyers: Presence of various alternatives for pet furniture weakens buyers bargaining power. Bargaining power of suppliers: Established vendors using supplies from global players have strong bargaining power over suppliers. Threat of new substitutes: Growing popularity of pet clothing poses a threat of substitution in this market. Competitive rivalry: Players focus on product innovation, quality, and brand positioning to gain market share in this competitive market.
Geographical Regions
The United States accounts for the major share of the U.S. pet furniture market in terms of value. Factors such as increased pet humanisation, increased millennial pet ownership, and growth in pet specialty retail have aided market growth in the country.
The Western region is expected to witness the highest CAGR in the U.S. pet furniture market during the forecast period. This is attributed to the high disposable income levels and increased pet adoption rates witnessed in states such as California in recent years.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
