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Global Pet Furniture Market Analysis with COVID-19 Recovery Plan and Strategies for the Consumer Discretionary Industry | Technavio


The pet furniture market research report examines the key questions around the implications of COVID-19 and provides a recovery analysis and outlook for the market in focus. Although the market has witnessed a negative impact due to the COVID-19 situation, the research analysts at Technavio expect the pet furniture market to recover and grow by USD 4.11 billion during the forecast period, accelerating at a CAGR of almost 6%.

For the Complete Insights on COVID-19 Pandemic Crisis and Recovery Analysis of the Pet Furniture Market Download free report sample

Pet Furniture Market Segmentation Analysis by Product

The pet house segment accounted for the highest pet furniture market share in 2019. The growing demand for pet houses is mostly attributable to their aesthetic appeal. Key market competitors design modern and sleek pet houses as per customers' demands. This report provides an accurate prediction of the contribution of all the segments to the growth of the pet furniture market size.

Pet Furniture Market Regional Analysis

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Pet Furniture Market: Key Market Drivers

Pet furniture market is expected to be driven by the availability of a wide range of fashionable and multifunctional pet furniture. Pet furniture designs have evolved significantly over the last couple of years. Market players are exploring innovative ways to combine multiple functions and styles to cater to the demands of pet lovers. For instance, they are designing furniture that fits seamlessly in homes without compromising on aesthetic value. This is resulting in the availability of a variety of pet furniture, which is driving the overall market growth.

Advent of Smart Pet Bed will be a Key Market Trend

The advent of smart pet beds is one of the major trends being witnessed in the global pet furniture market. Players in the global pet furniture market are investing a lot in research and development work to design smart pet furniture for affluent customers. These smart pet beds track pets' weight, rest and activity while providing climate control. The data collected via a mobile app provides owners with more information about their pet's health. Smart beds also offer thermostatic control that allows owners to adjust the temperature. Such features are driving their demand, thereby fueling the overall pet furniture market growth.

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Pet Furniture Market 2020-2024 : Key Highlights

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Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Product

Market Segmentation by End-user

Customer landscape

Geographic Landscape

Vendor Landscape

Vendor Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


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