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Worldwide Pet Furniture Industry to 2027 - Development and Innovations in Smart Pet Furniture Presents Opportunities - ResearchAndMarkets.com

·3 min read

DUBLIN, Jun 11, 2021--(BUSINESS WIRE)--The "Pet Furniture Market by Pet Type, Product and Distribution Channel: Global Opportunity Analysis and Industry Forecast 2021-2027" report has been added to ResearchAndMarkets.com's offering.

A pet, also called as companion animal, is usually an animal kept primarily for a person's company or entertainment apart from working animal, livestock or a laboratory animal. Two of the most popular pets are dogs and cats globally. Other animals that are considered as pets are: rabbits; ferrets; pigs; Category such as rodents includes gerbils, hamsters, chinchillas, rats, mice, and guinea pigs; avian pets includes parrots, passerines and fowls; reptile pets includes turtles, alligators, crocodiles, lizards, and snakes; aquatic pets includes fish, freshwater and saltwater snails, amphibians like frogs and salamanders; and arthropod pets includes tarantulas and hermit crabs. These huge varieties of pets make pet furniture market a booming market in coming years.

Pet furniture is a type of furniture that is manufactured in accordance to the requirements of different types of pets like dogs, cats, and others. Pet furnitures are available and sold in pet speciality stores and retail outlets such as supermarkets, hypermarkets and online globally. 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 customised furniture, rising concerns towards pet care, increase in health expenditure for animals as well as huge varieties in furniture for pet creates the demand for pet furniture across the globe.

Certain factors such as availability of a huge range of fashionable and multifunctional pet furniture. Pet furniture designs have evolved noticeably over the last couple of years and market players are looking innovative ways to combine multiple functions and styles to serve to the demands of pet lovers. Customizable pet furniture is appealing to younger consumers because it has been offering a way to embellish pieces or a way to alter the purpose of a furniture design. Players in the global pet furniture market are investing huge amount of money in research and development work to design smart pet furniture for customers are driving the pet furniture market. Another factor that is pet furniture manufacturer is investing lot in their research and development as well as in their material making all these products very costly is restraint in pet furniture market. Collaborating with new technology not only present the key improvement of the pet furniture but also meet the needs of owners providing numerous opportunities in the pet furniture market.

Key Benefits

  • The report includes an in-depth analysis of different segments and provides market estimations between 2021 and 2027.

  • Porter's five forces model illustrates the potency of buyers & sellers, which assists the market players to adopt effective strategies.

  • Key market players are profiled to gain an understanding of the strategies adopted by them.

  • This report provides a detailed analysis of the current trends and future estimations from 2021 to 2027, which helps identify the prevailing market opportunities.

Market Dynamics

Drivers

  • Availability of a wide range of fashionable and multifunctional pet furniture

  • Growing demand for customization in pet furniture

  • Innovations such as smart pet bed

Restraint

  • High costs of smart pet furniture

Opportunity

  • Development and innovations in smart pet furniture

Companies Profiled

  • 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

For more information about this report visit https://www.researchandmarkets.com/r/f0ptlm

View source version on businesswire.com: https://www.businesswire.com/news/home/20210611005293/en/

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