The U.S. Pet Furniture Market is driven by greater Emphasis on Pet Wellness and Happiness
The U.S. pet furniture market comprises a wide range of products such as pet beds, kennels, trees, and fences that provide comfort and safety to pets. Pet owners in the country are increasingly treating their pets as companions and family members leading to rise in expenditure on high-quality pet furniture. Moreover, pets experience joint discomfort and pain with age which is driving the demand for orthopedic and memory foam beds. 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 Market Size are Pet Palette, Paw Inspired, TAILS, Uber Pet, Modloft, and others. These players offer a wide variety of innovative and fashionable pet beds, couches, kennels and outdoor pet houses.
The growing demand for pet furniture in the country can be attributed to rise in pet adoption and humanization of pets. According to the American Pet Products Association, 67% of U.S. households own a pet. This widespread pet ownership along with growing expenditure on pet essentials is fueling market growth.
Furthermore, companies are expanding their product lines and focusing on international markets. For instance, Pet Palette recently ventured into Europe to cater to increasing pet ownership in countries like the UK and France. This global expansion allows players to access untapped growth opportunities around the world.
cost-effective and sustainable production techniques. They can utilize alternative raw materials which are less dependent on global supply chains. diversifying supplier networks across different countries and regions can provide flexibility against supply disruptions. The companies may also explore local sourcing and manufacturing opportunities to minimize impact of geopolitical risks.
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