Europe Pet Furniture Market Is Estimated To Witness High Growth Owing To Rising Pet Ownership In European Countries

The Europe Pet Furniture Market is estimated to be valued at US$ 1.75 Bn in 2024 and is expected to exhibit a CAGR of 6.3% over the forecast period 2024- 2031, as highlighted in a new report published by Coherent Market Insights.

Key Market Dynamics:

The growth of Europe pet furniture market is driven by rising pet ownership in European countries as well as growing consumer awareness regarding pet wellness and health. According to the Pet Food Manufacturers Association, over 67 million households in Europe own pets currently. Growing humanization of pets and increasing willingness of owners to spend on their needs is positively impacting the market growth. Additionally, availability of wide range of innovative and aesthetic pet furniture online is further propelling the Europe pet furniture market.

Key Market Trends:

Growing demand for multifunctional and customized pet furniture: Pet owners are looking for furniture that serves more than one purpose and can be customized as per their requirements and preference of the pets. This has led to emergence of furniture with integrated feeding bowls, storage for toys and grooming supplies.

Rise in demand for eco-friendly pet furniture: Consumers are shifting towards sustainable and eco-friendly furniture made from recycled, reused or FSC certified wood. Key players are focusing on launching pet beds, cat trees and others made from organic materials to cater to this demand.

Request for a Sample Copy: https://www.coherentmarketinsights.com/insight/request-sample/6895 

By Type Segment

The Europe pet furniture market is segmented based on type into beds & sofas, house furniture and others. The beds & sofas segment held the largest market share of around 40% in 2019. Pet beds and sofas are considered as essential furniture for household pets. They provide comfort and safety to pets. Thus, the increasing pet ownership and humanization of pets in Europe is fueling the demand for beds and sofas in the region.

By Pet Type Segment

The market is further segmented based on pet type into dogs, cats and others. The dogs segment held the dominant share of over 50% in 2019 due to the high pet dog ownership in countries like the UK, Germany, Italy and France. Dogs are increasingly being treated as family members and thus, their living conditions are given importance. This is contributing to the growth of the dog segment in the Europe pet furniture market.

Key Market Takeaways

The Europe pet furniture market size was valued at USD 1.75 Bn in 2024 and is anticipated to witness a CAGR of 6.3% during the forecast period 2024-2031.

The increasing humanization of pets and rising pet ownership are the major factors driving the market growth. Based on type, the beds & sofas segment is expected to retain its dominant position during the forecast period, owing to the essential need for pet beds and sofas.

On the basis of pet type, the dog segment commands the highest share due to high dog ownership in European countries. Regionally, North America is anticipated to dominate the market over the forecast period due to growing pet expenditure in countries like the UK, Germany and France.

Competitor Insights:

Georgian Products

RHR Pets Europe

Pet Empire

Recent Developments in Europe Pet Furniture Market

 In June, Swedish brand KLAR launched its ‘Humanization’ collection featuring sofas, armchairs and beds made with velvet upholstery and wooden legs for a luxurious look. The collection is proving popular among urban pet owners looking to incorporate pet furniture seamlessly into their home décor. UK based Pets At Home also unveiled a new boutique ‘Catification’ range including cat trees, scratching posts and cubbies integrated with various playing, climbing and hiding spots based on natural ecosystems.

Sustainability and Eco-friendly Materials Trend Positively

Pet owners are increasingly conscious about sustainability and prefer eco-friendly products. Leading brands have responded by launching sustainable lines made with recyclable, organic and natural materials. In June, German brand Hans took a step towards sustainability with its hemp collection featuring pet beds, tunnels, crates and toys made from breathable, durable hemp fabric and natural latex fillings.

The sustainability drive gained further momentum in July as Danish brand Ferplast introduced its ‘Seed to Sea’ range of cat furniture created entirely from recycled plastics fished from oceans. It also kickstarted an ocean cleanup campaign. Such environment-friendly initiatives are resonating well with conscious customers and boosting brands’ ethical image.

Interested to know the Market up Close? Buy the Full-report now: https://www.coherentmarketinsights.com/insight/buy-now/6895 

About Us:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

Summary

TDS NEWS