Orthopedic Dog Bed Market Forecast and CAGR
According to a recent study by Fact.MR, orthopedic dog bed market is expected to showcase moderate growth during the forecast period with a solid 5.5% CAGR. Demand is set to behold huge growth over the forecast period and set to witness the same over the long run. Growing sales from western countries are set to impart impetus as a result of millennials spending a colossal amount on pet care products. It is expected that the market is set to gain traction over the years to come and is anticipated to face minimal to no curbs over the same period.
What is Driving Demand for Orthopedic Dog Bed?
Boosting sales of pet auxiliaries is set to dispense the market to be flourished with an exceptional push. Enthusiastic pet owners are set to remain lucrative opportunity reserves for manufacturers and are set to propel the demand. Increasing spending on pet auxiliary is a key factor causing the demand and offering the potential.
The increasing conscience of people over providing a proper caring system for their dogs reinforce potential of the market. Key manufacturers opting for designing optimum and best suitable designs of dog beds to garner the demand for orthopedic dog beds.
As the market is least prone to any undulations, the key players trying to adopt new avenues and close the deals over an array of distribution tracks is set to boost the market growth owing to flexibility being offered. Apart from these factors, the market is expected to grow substantially owing to the inclination of people towards dog adoption and to provide a free and comfortable option for their dogs while having a sound sleep.
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COVID-19 Impact on Orthopedic Dog Beds
COVID-19 forced everyone to remain indoors, resulting in a spike in pet adoption for pastime. As a result of this, the market for orthopedic dog beds has skyrocketed. Despite a minor decrease in demand due to the economic crisis during the lockdown, the market is expected to retrieve once the COVID 19 pandemic ends. The decline was felt as if it were a summoned impact on everyone. During the lockdown, the decline has been seen as a summoned impact on all goods and services due to the shutdown of all manufacturing units.
The US and Canada Orthopedic Dog Bed Market Outlook
On a global scale, the United States is one of the leading countries in the orthopedic dog bed industry. Throughout the forecast period 2021-2031, the orthopedic dog bed market in the United States is expected to follow a consistent trend. Demand is likely to remain subdued in the years ahead, as the country continues on its path to overcoming the crisis it is currently experiencing.
The annual spending on pet auxiliary equipment and accessories in the United States and Canada is expected to boost sales. Attributed to the reason that dog beds are a consumer-based product, demand is entirely driven by pet owners.
Increased demand from pet owners is expected to boost the Canadian market. The sales are based on pet owners' desires to provide convenience and comfort to their pets when resting.
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Europe Demand Outlook for Orthopedic Dog Bed
COVID-19 has had a major effect on many EU countries, leading to a reduction in income-generating activities. In either case, EU countries, including North America, have a high proclivity for pet adoption.
Despite the challenges faced by COVID-19, pet adoption and auxiliary device spending remained high in most EU countries in 2020. The industries that produce animal feeds, supplies, and other goods to care for them are worth several tens of billions of dollars worldwide, according to a press release from the EPO (European Pet Organization), and the value has remained relatively constant over the years.
By focusing on product offers by actors in the supply chain, the potential for the product as a pet auxiliary investment can be driven through the undulation.
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Who are the Key Actors present in Orthopedic dog bed Market?
Some of the key manufacturers and suppliers in the supply chain of orthopedic dog bed include Frisco, Furhaven, Serta, PetFusion, Petmaker, K&H, Sealy, Dallas Manufacturing Company, Cozy Pet, Pet Lodge, JoicyCo, Pecute, Zervatek, Hangzhou Grannies Home Textile Co., Ltd., SPUPPS LIMITED, Triway Yangzhong Int'l Trade Co., Ltd., Sharewin(Yangzhou) Import and Export Co., Ltd. and others.
Majority of the industry giants in the orthopedic dog bed industry have held a creative product range and offer highly exclusive goods both online and off. Manufacturers choose to play the organic market by inventing new goods over some other hybrid strategy to reach a clientele and gain a competitive edge over their competitors.
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Orthopedic dog bed Market Report Highlights:
- Detailed overview of the 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 Cover Texture
- Water Resistance
- Chew Resistance
By Sales Channel
- Direct to Consumer
- Third Party Online
- Specialty Stores
- Pet Care Stores
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- East Asia
- South Korea
- South Asia & Oceania
- New Zealand
- Rest of South Asia & Oceania
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of Middle East and 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 an 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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