Dog Crate Furniture Market Forecast and CAGR
According to the latest research conducted by Fact.MR, the global dog crate furniture market is deduce to flourish in the forecast years. Booming demand of pet care products and swelling splurge by the pet owners is expected to give rise to the dog crate market growth in the assessment years 2021-2031.
Driving factors for Dog Crate Furniture Market
Dog-like quiet, peaceful and comfortable place for their snoozing. Dog crates are creating a shift in consumer behavior towards more advanced dog house that can store and hold a dog in one such place.
The primary reason for the rising demand for the dog crate is increasing air traffic, high spending by the consumers to highlight the appeal of the house. Providing plentiful advantages while travelling pointing few such as preventing homesickness in the dog while relocating into new surroundings, giving the assurity of dog safety and preventing them to enter the forbidden area are creating huge demand of crate among the dog owners.
Consumer choice is enlightened as a result of increased product recognition because it is a better match for their dog. As the world’s population is increasing by 1.05% annually which is resulting in fewer utility spaces in houses are giving rise to high demand for dog crate. A wood dog crate is gaining a large market share owing to the extra space provided to keep dog accessories giving the pet owner easier management of goods.
The rising relationship between pet owner and pet will increase purchasing power as the pet humanization trend continues to evolve. Pet owners are more concerned for their dogs, which is expected to increase their desire to purchase high-end items.
COVID -19 impact on Dog Crate Furniture Market
COVID-19 has caused catastrophe all over the globe causing major destruction to the manufacturing units. The implementation of lockdown has pulled down the demand and supply of various commercial goods resting in declining in revenue of assorted companies resulting in stringent market growth.
With the proliferation in several cases in the past few months government at different level have taken preventive measure to stop the spreading out of the virus one of which is regulating product delivery in severely affected areas. This is resulting in the accumulation of goods in one place.
The effect of a pandemic on the dog crate can be seen from both the demand and supply side. The increasing government policies and shortage of skilled laborers are causing the supply side to go in a slump while the decreased outdoor activities and lowering the spending on pet furniture.
However, the dog crate furniture market is expected to rise with the opening of manufacturing units and with an increasing trend on dog furniture.
Global outlook of Dog Crate Furniture Market
According to the regional classification, the report includes six prominent regions which are North America, Latin America, Europe, South Asia, East Asia and the Middle East and Africa.
North America is the largest consumer of Dog crate accounts for the majority of the market share. About the above statement, North America has 90 million dogs as pet animals and the increase in air traffic at the rate of 2.7% it bolster dog crate sales in the foreseen years.
Succeeding North America is East Asia and Europe, Europe is the provider for finest quality of pet furniture on the other hand the changing cultural behavior in East Asia among millennial and Gen Z to uplift the market demand.
The rising rate of adaptation to animal furniture, rising pet humanization, and accelerating pet adoption rates are expected to drive demand in South Asia. India and Australia are among the promising countries in South Asia in terms of holding market share due to the highest dog population in the region. India has 10.2 million dogs while Australia accounts for 3.7 million dogs, these will result in creating numerous market opportunities for dog crate furniture in these regions.
During the assessment period, the Middle East and Africa are projected to have a small market share and rise at a moderate pace. Increased demand for dog crate due to the huge population of dogs is projected to increase dog crate consumption by the end of 2031.
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U.S and China Dog Crate Furniture Market Position
The rise in disposable income in countries like U.S and China can be seen in the elevated rise in spending for pet care products. Two of the most common countries for keeping dogs as pets are the United States and China. With 69.9 million and 27.4 million dogs, U.S and China highest dog as pet population as compared to the other countries across globe.
Who Are the Key Manufacturers of Dog Crate Furniture?
The leading manufacturers of the dog crate market are
- Richell USA
- CAROLINA DOG CRATE CO.
- Castle Crates
- DAILEY WOODWORKS
- Tucker Murphy™ Pet
- Bingopaw and Archie & Oscar™
Dog crate market is continuously spending on up-gradation of products to highlight their product range which will give them a strong position in the market. The dog crate market is fragmented creating huge completion between the newcomers. Market leaders are opting for organic and inorganic growth strategies such as merger, acquisition and collaboration to hold the market position.
Recently CAROLINA DOG CRATE CO. has come up with a smart dog crate that has replaceable panels giving the owner the opportunity to redesign the crate every time according to need. These initiatives are expected to thrive the market demand in forecast years.
An Adaptive Approach to Modern-day Research Needs
Dog Crate Furniture 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
By Sales Channel
- Specialized stores
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- 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.
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