Cat Bed Market Forecast and CAGR
According to latest research by Fact.MR, cat bed market is set to witness steady growth during 2021-2031. Demand for cat bed will witness steady recovery in short-term, with optimistic growth outlook in the long-run. Customized and cost effective cat beds, surging concern towards pet comfort and pet health care will provide momentum.
What is Driving Demand for Cat Bed?
Consumers are showing preferences and concern towards high grade of comfortability for their pet cats. Similarly, cat owners are leaned towards designer cat beds which can easily blend with their home décor. This allows them to manage their home space and blend with aesthetics of furniture available at home. These consumer’s preferences are well absorbed by the manufacturers and this presumed to propel the cat bed market.
Manufacturers are investing their capital in producing product from premium quality material such as velvet, cotton and wool for higher comfortability and sophisticated finish. Similarly, over the time manufacturers have evolved and are gradually shifting towards adapting organic and environmental friendly raw materials. Eventually this would help in attaining sustainability.
In addition to traditional cat beds, manufacturers are taking few steps further and providing heated option in product. This designer bed emerged as great advantage for the cats with mobility problems. These beds are made up of high quality plush fabric or wool which helps in easing muscles and joints pains.
Geographical Outlook of Global Cat Bed Market
Cat bed market covers six key regions, North America, Latin America, Europe, East Asia, South East Asia & Oceania and MEA. Among them North America and Europe are two prominent regions since they share larger share of pie chart for number of pet cats owned. Heightening pet adoption in the region, increasing concern towards pet care and amplifying pet humanization is likely to steer the cat bed market.
Asia Pacific is expected to grow northwards, owing to its better manufacturing capabilities. Pet cat’s population in China and Japan is extend to 53.1 million and 7.3 million respectively. These two countries hold position in top ten countries by number of pet cats owned, similar growth trend is observed in other Asia Pacific countries which is likely to fuel the market.
On other hand, Middle East and Africa is presumed to hold smaller share of pie and is expected to run with moderate growth in the region.
COVID-19 Impact Outlook for Cat Bed Market
Globally, Covid-19 pandemic lockdown restricted population movement and as result people were inside their homes. This development hit hard many industries but pet adoption market saw a surge. Animal shelters saw increasing demand in adoption and cat was significant amongst it.
According to few studies done during the pandemic course, it was observed that amongst pet adopted percentage, approximately 13% were new owners compared to 66% were already having one and they added new to the family. The survey conveys that 93% percent pet owners felt that their mental and physical welling was improved.
Higher cat pet adoption rate is likely to impact cat bed market optimistically. It has been observed that during pandemic consumers preference for cat bed has evolved and they are not only looking for aesthetically appealing product but also, they are aiming for increased functionality. Attributed to heightened cats population and high disposable income will nourish the market during the assessment period.
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North America Outlook for Cat Bed Market
North America is likely to witness an outreached growth in cat bed market and is expected to hold prominent market share over the assessment period. Historically North America has been the prominent player owing to its matured designer industry which is adding value to cat bed aesthetics looks.
According to American Pet Products Association (APPA), 67% of households or 85 million families own a pet. It has been recorded that U.S have more than 76.4 million cats which is efficient to propel the market towards growth during forecast period.
Who are the Key Manufacturers and Suppliers of Cat Bed?
Some of the leading manufacturers and suppliers of Cat Bed include
- North American Pet Products
- Ultra Modern Pet
- TRIXIE Pet Products
- Critter Couch Company
- PetPals Group
- Hammock Town
- Love's Cabin
- Long Rich
Cat bed market in highly fragmented in almost every region. To sustain in this competitive market manufacturers are opting to provide more diversified product which is more durable, cost effective and offers more functionally.
On similar hands, in order to gain extensive reach and greater penetration in the market, manufacturers are adopting the evolving online sales and distribution network. This has opened new horizons for cat bed sales.
An Adaptive Approach to Modern-day Research Needs
Cat Bed 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
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
- Cat Scratcher Lounge
- Self-Warming Bed
- Cave Bed
- Canvas bed
- Pet Sofa
By Sales Channel
- Modern Trade
- Franchised Outlets
- Specialty Store
- Online Channel
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.