In 2023, the modern cat furniture market is estimated to grow to a value of approximately US$ 3.7 billion. It is expected to continue expanding with a Compound Annual Growth Rate (CAGR) of 5.9% from 2023 to 2033, reaching around US$ 6.69 billion by the end of 2033.
Drivers and Trends in the Modern Cat Furniture Market
- The rising domestic cat population, along with the trend of considering pets as family members, is the primary driver of the modern cat furniture market.
- The younger working population, in particular, is leading this trend, contributing to the market’s growth with their disposable incomes.
- Modern cat furniture serves as a utilitarian and cost-effective solution to enhance the aesthetic appeal of homes.
- There is a growing trend towards environment-friendly pet furniture, aligning with the broader movement towards eco-friendly homes, especially in regions like Western Europe and North America.
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Market Dynamics
- Governmental legislation on pet welfare and hygiene, particularly in developed countries, contributes to driving the modern cat furniture market by emphasizing the importance of providing appropriate furniture and amenities for pets.
- Growing awareness about allergies caused by cats and cat fur is fueling the demand for customized cat furniture designed to mitigate allergic reactions and promote a healthier living environment for both pets and their owners.
- The emphasis on pet welfare and hygiene regulations by governments encourages pet owners to invest in high-quality cat furniture that meets safety and hygiene standards, further boosting the market for modern cat furniture.
- Customized cat furniture solutions tailored to address specific needs, such as allergy prevention, are becoming increasingly popular among pet owners seeking to create a comfortable and safe environment for their feline companions.
Competition Landscape
The modern cat furniture market is a highly fragmented market, especially in developing and underdeveloped countries since small local players can offer products at more affordable rates than established players. However, online sales and increasing focus on quality has allowed major players to enter the market in developing countries.
Major players in the market predictable come from North America and Europe and include
- Inter IKEA Systems
- Go Pet Club
- PetPals
- North American Pet Products
- Ware Pet Products
- MidWest Homes for Pets
- Ultra Modern Pet and Inkgrid.
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Key Segmentation
Valuable information covered in FMI’s Modern Cat Furniture Market report has been segregated into key segments and sub-segments.
By Type
- Cat Tree/ Towers
- Scratching post
- Litter Box
- Cat perch
- Steps
- House
- Bed
By Material
- Wood
- Plastic
- Others
By Levels
- Single storey
- Multi storey
By Cat Size
- Small
- Medium
- Large
By Sales Channel
- Pet Specialty Store
- Company websites
- Online Retail
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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