Rising cat ownership is anticipated to play a key role in driving consumer revenues and Increased demand for items such as cat trees, condos, racks, perches, and other products is encouraged.
DUBAI, UAE / ACCESSWIRE / February 23, 2021 / FMI states in its recent study on the cat furniture-and-scratchers market that the market will record a CAGR of 6.8% through 2030. Demand for cat furniture and scratchers is anticipated to continue surging because the owners of the cats have become increasingly aware of the well-being of their pets
'Many of the players are offering semi-assembled products thus facilitating more convenience on the part of handling. Besides this, the preferences for multi-purpose cat furniture are also gaining significance.' says the FMI analyst.
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Cat furniture and scratchers Market - Important Highlights
- Wood remains incredibly sought-after as the ideal material for cat furniture and scratcher development.
- As the goods offer enough room for cats to romp and swing according to their tastes, the preferences for pet condos and trees are high.
- Independent Small Stores are projected to continue to be the preferred distribution platform during the projected period.
- For pet furniture and scratchers, the U.S. dominates the global industry. Sales account for approximately one-fourth of worldwide sales.
Cat furniture and scratchers Market - Drivers
- Rising cat ownership is anticipated to play a key role in driving consumer revenues.
- Another factor pointing to the rise in product adoption over the projected period is rising pet spending in low and middle-income countries.
- The booming pet daycare company, or at the same time known as pet hotels, is expected to drive growth in cat furniture and scratchers sales
- Providing the potential for modification has allowed the players to capitalize on the current market for pet furniture and scratchers.
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Cat furniture and scratchers Market - Restraints
- Manufacturers are expected to conform with general specifications and guidelines for labeling and packaging which is hindering the growth of the market
- The manufacturers are also required to comply with certain safety standards which has been creating growth deterrents in the market.
COVID-19 Impact on Cat furniture and scratchers Market
The cat furniture and scratchers market growth is anticipated to be grow owing to the COVID-19 pandemic. The value of ethical living among customers has been illustrated by the COVID-19 pandemic outbreak. An increase in perception of ethical living has also continued to draw people's interest in small and local businesses. This is one of the key reasons that has had a positive effect on local and regional players involved in the manufacture of pet furniture and scratchers.
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The cat furniture and scratchers market players are leaning towards the expansion of the production facilities besides opting for strategic collaborations to attain a competitive edge. Also, corporations such as Tuft + Paw are actively taking steps to educate consumers on items that can assist customers to make purchase choices. Tech creativity that brings full comfort to cats has also been prioritized by the players. Both of these variables are projected to push the market's acceptance of pet furniture and scratchers in the coming years. Some of the leading companies operating in the market are American Company, North American Pet Product, Go Pet Club, LLC, PetPals Group, Inc., Tuft + Paw, Inter IKEA Systems BV
Table Of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Summary of Key Findings
1.3. Summary of Key statistics
1.4. FMI Analysis and Recommendations
2. Market Overview
2.1. Market Taxonomy
2.2. Market Definition
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
3.3. Cat Furniture and Scratchers by Launch Type (%)
3.4. Branded v/s Private Label
3.5. Top five companies
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies
5. The Massive Impact of the Crisis
5.1. Countries in action: How have countries been responding?
5.2. The Economic Impact of the COVID-19 Outbreak on Developing Asia
5.3. Impact of COVID-19 on the Gross Domestic Product of Selected Economies
5.4. Current Economic Projection - GDP/GVA and probable impact
5.5. Comparison of SAARs and market recovery, comparison to 2008 financial crisis and market recovery and forecast comparison for recovery of COVID 19
5.5.1. Cluster Wise Comparison of all Key Countries (USA, Italy, Spain, Germany, France, UK, China, India, South Korea, Japan, Iran etc.)
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About the Study
The study offers readers a comprehensive assessment of the cat furniture and scratchers market. Global, regional, and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights based on product type (Cat Trees and Condos, Shelves And Perches, Scratching Posts, Cat Steps, and Cat Beds), source (orange, apple, lemon, and others), material type (Wood, Metal, Plastic, Others) and across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).
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About Future Market Insights
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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