The cat window perches & wall shelves market is poised to reach a valuation of US$ 3 billion in 2023 and is anticipated to exhibit a CAGR of 6.4% from 2023 to 2033 to reach US$ 5.58 billion in 2033.
In recent decades, youngsters have surpassed all other age categories regarding pet ownership. As reported by the American Pet Products Association (APPA), 67% of USA residents have a pet, with can ownership accounting for approximately 42.7%.
Data Points | Key Statistics |
---|---|
Expected Market Value (2023) | US$ 13.33 billion |
Anticipated Forecast Value (2033) | US$ 19.92 billion |
Projected Growth Rate (2023 to 2033) | 4.1% CAGR |
Cat furniture is a multibillion-dollar sector in and of itself. Cat window perches and wall shelves have conventionally provided a lounging, playing, and hiking area for cats; nevertheless, millennial cat owners have a growing demand for aesthetic interior decoration that also facilitates beneficial health outcomes for cats.
Window cat perches and wall shelves provide the cat with a view of its surrounding world and help to alleviate boredom. Manufacturers provide an array of patterns and designs to fulfill the aesthetic appeal of interior decoration. Pet owners can select from a wide variety of innovative cat wall shelves, including shelves shaped like a cat paw or shelves accented with natural-looking silk plants, to mention a few.
The global cat window perches & wall shelves industry has experienced a substantial increase in recent years. It is expected to sustain an upward rate of expansion throughout the projection period.
The emergence of design-driven initiatives to achieve cat owner needs through advancements and sophisticated product releases with comfy attributes is raising demand for cat window perches and wall shelves.
Automakers are witnessing a rising demand for window perches and wall shelves that don't require any toolkits to configure. Manufacturers provide bolts to completely secure those to the window ledge, which the majority of consumers suggest.
Moreover, the world market for easier-to-remove and clean perch covers and environmental textiles is expected to expand during the forecast time frame. The advancement of the e-commerce channel has created enormous opportunities for international manufacturers and retailers to market their goods through various online platforms to satisfy the requirements of cat owners worldwide.
North America and Europe lead the international market and will continue to do so over the projected timeframe because they are the largest distributor of cat window perches and wall shelves. Furthermore, the region's major producers obtain the leading market profit share over the forthcoming years. The region's high utilization of modern technology, as well as the prominence of major players, are inclined to provide ample possibilities for the market to expand.
With the increased adoption of cats as pets, emerging economies are also experiencing rapid growth rates. China, India, Japan, and Australia will provide significant opportunities for Asian and Oceania automakers. Moreover, other remarkable industries in APAC (Japan and South Korea) are predicted to expand at a high pace over the next two decades.
Market participants are heavily involved in the introduction of novel products and collaborations to strengthen their business position globally. The Cat Person has collaborated with Layer to provide high-end cat furniture that meshes perfectly into the cat's owner's internal environment.
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In recent years, millennials have become the highest pet owner among other age groups. According to the American Pet Products Association(APPA), 67% of US households own a pet, which can ownership is about 42.7%.
Cat furniture industry is itself a multi-billion industry on its own.Traditionally, cat window perches & wall shelves providing a lounging, playing, and climbing space for cats, however, there is a rising need amongst millennial cat owners for aesthetic indoor furniture which also fosters positive health benefits for cats.
Window cat perches and wall shelves give the cat a vantage point of the outside world and reduce boredom. There are a variety of designs and styles offered by producers to meet the home décor aesthetics. Pet owners choose from an extensive range of novelty cat wall shelves that include shelves that are in the shape of a cat paw, or shelves accentuated with natural-looking silk leaves to name a few.
The global cat window perches & wall shelves market has already savored a decent growth in recent years as well as is projected to secure a positive growth rate during the forecast period.
Rise in design-driven approach to cater cat owner requirements via innovation and modern product launches with comfort features are escalating the demand of cat window perches & wall shelves.
Manufacturers are witnessing higher demand for window perches & wall shelves that necessitates no tools to install. Manufacturers are offering screws to permanently install them onto the window sill, which the majority of the owners recommend using.
Furthermore, simpler to remove and clean perch covers and eco-friendly fabrics are witnessing an increasing demand in the global market over the forecast period. The evolution of the e-commerce platform has generated huge prospects for producers and distributors in the global market to sell their products through several online platforms to satiate the needs of cat owners, globally.
The availability of low quality and cheap substitutes of cat window perches and wall shelves hinders the market growth. As window perches and shelves are required to be sturdy, weaken velcro, suction cups, and need for screws/toggle bolts for installation might impede the market sales. Higher price point associated with the high-end cat window perches & wall shelves will further impact negatively the market growth.
North America and Europe spearheads the global market and will retain the position throughout the forecast period, as the regions are the biggest exporters of cat window perches & wall shelves.
Moreover, the existence of leading producers in the region capture the highest market revenue share over the forecast period.The developing nations are also witnessing rapid growth rates due to the increasing adoption of cats as pets. China, India, Japan, Australia will generate substantial prospects for the manufacturers operating in the Asian and Oceania region.
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Major companies operating in the global cat window perches & wall shelves market include
The market players are extensively engaged in new product launches and partnerships to strengthen their market position in the global market. The Cat Person has partnered with Layer to offer high-end cat furniture that effortlessly blends into the cat's owner's interior space.
K&H Products launched EZ Mount Window Bed Kitty Still and Penthouse, which are easy to install and are available in nylon fleece plastic material. Catastrophicreations launched the cat mod, a wall-mounted bridge made of wood canvas steel twine. Prepared with cat-safe materials & finishes in the US, it can be easily hung below or near a window.
The global cat window perches & wall shelves market is fragmented based on the following:
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