The modern cat furniture market size is projected to expand to a valuation of US$ 3.7 billion in 2023 and is projected to exhibit a compound annual growth rate (CAGR) of 5.9% from 2023 to 2033 and reach US$ 6.69 billion in 2033.
The modern cat furniture market is the pet furniture industry's second biggest segment, trailing only the dog furniture market. Since so many people, particularly millennials, are implementing cats as household pets, the marketplace is expanding steadily around the world.
Aside from the burgeoning number of domestic cats, the industry is bolstered by people's desire to improve their cat's convenience while also contributing to the visual appeal of their houses. As a result, modern cat makers strive to create items that are both pleasant for cats and aesthetically striking.
Beds, sofas, pillows, and houses, such as tree houses, influence the advanced cat furniture market. Beds and sofas constitute the biggest segment and include variants including orthopedic beds.
The biggest driver of the advanced cat furniture industry is the increasing domestic cat citizenry, in addition to the expanding trend of displaying a pet as a family member. This evolution has been led by the youthful employed population, and the industry benefits from their expendable income.
Moreover, modern cat furniture is a practical and inexpensive method of enhancing a home's aesthetic appearance. The increasing popularity of environmentally friendly pet furniture corresponds to the trend of environmentally friendly homes, particularly in Western Europe and North America.
Meanwhile, an increase in pet-friendly offices and companies, such as eateries and coffee shops, has created a sizable market opportunity for modern cat furniture. This has also led to an increase in the number of single people adopting pets.
Regulatory policy on pet welfare and cleanliness, especially in wealthy nations, is also driving the modern cat furniture market while rising knowledge about respiratory problems caused by cats and cat fur is driving an increase in customized cat furniture.
Digital commerce platforms have had a significant impact on the modern cat furniture market as they have simplified procurement for customers. It has also enabled market leaders to establish themselves in developing and emerging nations.
Because these are advanced countries with ample disposable incomes, North America has had the biggest share of the modern cat marketplace, accompanied by Western and Northern Europe. Furthermore, the Asia-Pacific market has been steadily expanding due to the region's increasing economic characteristics, but it is probably to be the most impacted by the post-Covid-19 financial downturn. The rest of the globe, on the other hand, holds a much less substantial market share, with Australia-New Zealand, Turkey, and Russia standing out as notable exceptions.
In the United States, cats are particularly likely to have absolute freedom over furniture. The development of sophisticated, cost-effective, and customized furniture, soaring pet care considerations, and an enhancement in animal healthcare spending all lead to a rise in the world market for modern cat furniture.
As people increasingly spend time with their animals, particularly given the rise in distant careers, Pawscape initiated its direct-to-consumer internet site, providing an extensive selection of cat furniture. Pawscape items are cutting-edge, with a completely new line of furniture particularly intended for caring for each pet.
The modern cat furniture market is extremely competitive, particularly in emerging and developing nations, where small local participants can provide products at lower prices than experienced players. Nevertheless, online sales and a greater emphasis on quality have allowed major companies to break into the developing-country market.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value (2023) | US$ 3.7 billion |
| Anticipated Forecast Value (2033) | US$ 6.69 billion |
| Projected Growth Rate (2023 to 2033) | 5.9% CAGR |
The modern cat furniture market is the second largest segment in the pet furniture market, preceded by the dog furniture market. The market has witnessed a steady growth around the globe since more people, especially millennials, are adopting cats as domestic pets.
Besides the growing number of domestic cats, the market is aided by people’s keenness on aiding to their cat’s comfort in a way that contributes to the aesthetics of their home. Hence, the focus of modern cat furniture manufacturers is to make products that are comfortable for cats and visually appealing.
The modern cat furniture market is dominated by beds, sofas, cushions and houses, including tree houses. Of these, beds and sofas occupy the largest segment and include varieties such as orthopaedic beds, outdoor cots, bolster beds, temperature control beds and donut beds.
Materials most commonly used for modern cat furniture mainly include wood, iron, plastic, stainless steel, etc. These are often augmented by materials such as wicker, faux furs and designer cloth prints. A trend observed in modern times is greater incorporation of environment-friendly material such as jute and wicker in modern cat furniture.
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The increasing domestic cat population coupled with the growing trend of viewing a pet as a family member is the largest driver of the modern cat furniture market. The young working population has been leading this trend and the market draws traction from their disposable incomes.
Furthermore, modern cat furniture is a utilitarian and affordable way to improve the aesthetics of a home. The growing trend of environment-friendly pet furniture is in consonance with the trend of environment-friendly homes, especially in Western Europe and North America.
Meanwhile, a rise in the number of pet-friendly workplaces and businesses, such as cafes and restaurants, has provided a large new market for modern cat furniture. This has also encouraged more single persons to adopt pets.
Governmental legislation on pet welfare and hygiene, especially in developed countries, is also a driver of the modern cat furniture market, while growing awareness about allergies caused due to cats and cat fur is leading to a rise in customised cat furniture.
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Online sales platforms have impacted the modern cat furniture market in a big way since it has eased the shopping process for consumers. It has also allowed major players in the market to establish a presence in emerging and underdeveloped economies.
North America has enjoyed the largest share in modern cat furniture market, followed by Western and Northern Europe since these are developed countries with high disposable incomes.
The Asia-Pacific market had been growing consistently due to the region’s growing economic profile, but is likely to be most affected by the post-Covid-19 economic crisis.
The rest of the world occupies a much smaller market share, though Australia-New Zealand, Turkey and Russia stand out as stark exceptions.
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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
Modern Cat Furniture Market: Key Players (this is an indicative list – full list of key players available upon request)
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Modern Cat Furniture Market
