Global Pet Furniture Market Overview:
The pet furniture is the specialty furniture that is manufactured according to the requirements of different types of pets like dogs, cats, and others. The pet furniture is made of materials like plastic and metal that impact the growth of pet furniture market. The pet furniture is beneficial in providing animal welfare and enforcement of strict regulations that improve the internet retailing for pet care products. The pet furniture companies adding more product line in their business portfolio due to pet adoption at Asia-Pacific countries as these countries are focused on smart furniture.
- Increase in demand of fashionable and multifunctional furniture.
- Rise in nuclear families in developed countries in APAC regions.
- Collaboration and Tie Up Of Leading Players
- Value Oriented Consumers
- High cost associated with smart furniture that acts as a restraint for the growth of the market.
- Stringent government rules and regulations in pet furniture market.
- Rise in Demand of local and small players in the pet furniture market.
- Increase in organic and ecofriendly raw materials.
- The pets sitting arrangements are not available.
Some of the key players profiled in the report are Go Pet Club (United States), North American Pet Products (United States), MidWest Homes for Pets (United States), PetPals Group (United States), Ware Pet Products (United States), Inkgrid and Inter IKEA Systems B.V. (The Netherlands). Additionally, following companies can also be profiled that are part of our coverage like Nest Bedding (United States) and Ultra Modern Pet (United States). Analyst at AdvanceMarketAnalytics see United States Vendors to retain maximum share of Global Pet Furniture market by 2024. Considering Market by Material, the sub-segment i.e. Natural Resins will boost the Pet Furniture market.
In March 2019, Synchrony acquired Pets Best. This acquisition is beneficial in expansion of care credit platform which delivers health, wellness and personal care credits products that can used to pay for variety of healthcare expenses including veterinary care.
In July 2018, Ikea launched a pet furniture collection which is beneficial in offering bed frames, cushions and couches for cat and dogs. This collection is known as 'Lurvig, in 5 countries that includes United States.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Pet Furniture market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Pet Furniture market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Pet Furniture Manufacturers, Pet Furniture Traders, End-Use Market Participants of Different Segments of Pet Furniture, Government and Research Organizations, Associations and Industrial Bodies, Research and Consulting Firms, R&D Institutions and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.