Global Pet Furniture is Paw-sitive About Future Growth
Size and Regional Performance
The global pet furniture was valued at nearly $5.5 billion in 2021 and is estimated to surpass $7 billion by 2025, exhibiting a strong CAGR of 7.2% during the forecast period. North America currently dominates with around 35% share owing to high pet adoption rates. Nevertheless, Asia Pacific is emerging as the fastest growing regional driven by factors like rising incomes, growing urbanization and changing pet owner mindsets in China, India and other developing countries.
The global pet furniture has seen steady growth over the past decade, driven by a rising number of pet owners worldwide and increasing spending on pet products. Pet furniture includes a wide range of products used by pets, mainly dogs and cats, for purposes like sleeping, playing, eating and other activities inside homes. Pet beds, kennels, trees and houses are some common types of pet furniture.
https://www.coherentmarketinsights.com/industry-reports/global-pet-furniture-market
#Global Pet Furniture,
#pet furniture,
#American Pet Products,#Pet Products Association,#pet furniture coherent market insights.
Global Pet Furniture is Paw-sitive About Future Growth
Size and Regional Performance
The global pet furniture was valued at nearly $5.5 billion in 2021 and is estimated to surpass $7 billion by 2025, exhibiting a strong CAGR of 7.2% during the forecast period. North America currently dominates with around 35% share owing to high pet adoption rates. Nevertheless, Asia Pacific is emerging as the fastest growing regional driven by factors like rising incomes, growing urbanization and changing pet owner mindsets in China, India and other developing countries.
The global pet furniture has seen steady growth over the past decade, driven by a rising number of pet owners worldwide and increasing spending on pet products. Pet furniture includes a wide range of products used by pets, mainly dogs and cats, for purposes like sleeping, playing, eating and other activities inside homes. Pet beds, kennels, trees and houses are some common types of pet furniture.
https://www.coherentmarketinsights.com/industry-reports/global-pet-furniture-market
#Global Pet Furniture, #pet furniture, #American Pet Products,#Pet Products Association,#pet furniture coherent market insights.
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