Bird House Market Forecast and CAGR
According to the latest research by Fact.MR, bird house market is set to witness steady growth during 2021 to 2031. In short term, the demand is expected to increase at a steady pace and in the long run sales of this pet product is expected to grow at a moderate CAGR.
The pet industry is on the rise and newer designs of bird cages and houses are being consistently introduced in the market. Owing to this, the sales of these pet products will see a rise during the forecast period on the back of increased pet adoption rate in both developed as well as developing countries.
What is Driving Demand of Bird House?
Pet houses and cages serve as a vital place for keeping ornamental pet birds. An ageing pet population and empty void who adopt newer pet birds to fill the void is aiding pet bird adoption rate. Additionally, a rise in households with multiple pets, higher residual incomes of millennials is aiding the sales development.
The rising popularity of adopting pets as companions for mental well-being, health, and entertainment is driving up pet-care spending. Also, an increasing number of single-person households, unmarried or childless households are all contributing to the rising pet bird adoption, as they seek for a companion in pets.
Pets such as birds, dogs and cats have shown to have positive effects on children as well, including preventing depression and loneliness. Besides, it helps in developing motor skills by feeding and grooming dogs, cats and birds, encouraging outdoor activity, and promoting emotional development by encouraging responsibility involved in pet care.
Besides, ornamental pet birds are being adopted by an increasing number of families with children, according to numerous researches. Owing to this fact, the demand for such pet goods is projected to rise as the rate of pet humanization rises.
Furthermore, people's increased video consumption of animal grooming tips on social media platforms and applications like YouTube is poised to fuel demand for such items. Moreover, the market is gaining momentum as pet owners become more aware of their pet's welfare and is expected to create future sales growth opportunities for the key players.
Statistics Related to Bird Population and Expenditure around the World
The trend of keeping ornamental birds in designer houses and cages have been going strong for few years and show no signs of slowing down. This is an indication that pets are becoming an increasingly important part of houses. Some of the key statistics which indicate this fact are-
- As per the data released by the APPA pet owner’s survey, over 5.7 million households in the U,S house around 20.3 million pet birds as of 2019.
- US spent around $103 billion on the pet-related product, services and treatment in 2020
- Europe is house to around 51.7 million ornamental birds as of 2019, with Turkey holding the highest number of pet birds
- Further, the total value of pet-related accessories and services accounted for around $23.7 billion as of 2019
Owing to the relatively high spending on pet-related products and accessories in the majority of the developed regions, the pet industry is experiencing higher sales growth opportunities. This effect is anticipated to trickle down to bird house sales as well during the forecast period 2021 to 2031.
E-Commerce is Changing the Way Pet Owners Shop
The online direct sales trend is gaining traction among the various distribution platforms. The use of online distribution networks is likely to increase as regional and local players become ever more prominent. Besides, the evolution of the digital ecosystem has made it easier for manufacturers to interact directly with their customers.
Moreover, content advertisement, such as blogs, tweets, YouTube videos, and other forms of content, is also being used by the players to advertise their products. The implementation of such direct communication with end-users is likely to aid in brand recognition, in turn driving the sales of bird houses.
Who are the Key Manufacturers and Suppliers of Bird House?
The market is highly fragmented with the presence of a higher number of players exerting regional dominance. Some of the key manufacturers and suppliers include mysafebirdstore, world bird store online, LiveOnce, ZenRise, NaturesWay, Glitz Home, PetsEmpirePet Safe, Foshan Nanhai Love Boa Metal Pet Products, Tangshan Haopin Cross Border E-Commerce Co. Ltd among others,
Key manufacturers have adopted a mixed approach and are competing with existing products with newer design customisation. Additionally, they are spending their resources on strengthening their online presence and developing effective online communication with their customer base. This has remained the commercial voice among the players for quite some time now.
Such initiatives adopted by the players keep the market competitive and in turn open up newer sales growth opportunities.
Bird House Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
