The Pet Beds market is set for a rapid growth over the forecast period. In terms of revenue, the global Pet Beds market accounted for USD 710.56 Million in 2019 and is expected to reach USD 1041.38 Million by 2026, growing at a CAGR of 5.61%
The Pet Beds market is set for a rapid growth over the forecast period. In terms of revenue, the global Pet Beds market accounted for USD 710.56 Million in 2019 and is expected to reach USD 1041.38 Million by 2026, growing at a CAGR of 5.61%
Global Pet Beds Market: Overview
Pet beds are beds that are designed specifically for pets according to their shape, size and weight. These beds often come in different colors and have various features, such as heated pet beds and orthopedic pet beds among others. These beds are designed to designate a proper comfortable space for pets such as cats, dogs, and others.
Rising availability of huge variety of multifunctional and trendy pet beds at a global level would remain beneficial to the market. In addition, growth in the spending on pet care in advanced economies, including Germany, the United Kingdom and France, is predicted to a major factor driving the growth of the market.
Global Pet Beds Market: Growth Factors
Consumer demand is growing dramatically for creative and trendy pet products such as pet beds. Manufacturers in this field concentrate on the creativity of multi-functional and trendy goods that can fulfill the requirements of pet owners. They have adopted a design-driven approach that could enhance the interior design of the pet owner. The material and quality of the items has also evolved over the years. Designer prints, luxury fabrics, fake furs, and wickers are used by manufacturers for their goods. Raw materials such as jute and banana leaves, both natural and environmentally friendly, are also gaining popularity among consumers.
Investment on domestic animals has risen dramatically across the globe. Owners spend a considerable amount on toys, clothes, beds, collars, travel accessories, grooming and veterinary services. The spending of the millennial generation is comparatively higher than that of other age groups. As of 2018, on a global basis, about 35.0 percent of owners were part of this age group. In addition to the increasing passion of the youths to own a pet, the growth in spending on pet beds is fueling the demand for the market worldwide.
The trend of carrying and keeping pets in workplaces has been growing over the past few years. In the near future, these pet-friendly organizations are also expected to increase the demand for the product. Another significant development is the growing trend for multi-functional beds, which has prompted producers to invest in these types of goods. These beds are designed to monitor the animal's weight and control the temperature according to the comfort of the pet. Some of these multi-functional pet beds also cover owner’s furniture such as chair, bed side table, coffee table. Thus, the pet owner who have limited space, are likely to boost the demand for such multifunctional pet beds, thereby driving the overall market.
Global Pet Beds Market: Segmentation
There are different types of pet beds such as orthopedic beds, pillow or cushion beds, donut and bolster beds and heated beds and outdoor cots.
Demand for heated beds and orthopedic beds has increased in recent years, especially due to their health benefits. Orthopedic bed is typically a bed style mattress that provides orthopedic support. Such pet beds can help to reduce joint problems and to mitigate existing issues. These pet beds provide extra support for muscles, spine and joints as the pet rests and relaxes. This bed distributes the weight of the pet to help alleviate the pressure on the joints.
Heated beds are made with a dense insulation that absorbs the body heat of the pet and radiates it back to them as they sleep, to provide heat in the cold weather. Similarly, to keep the bed cool in summer, gel packs are included. Other pet beds such as donut beds, pillow or cushion beds, bolster beds, and outdoor cots have also gained attention in the recent years.
The dog segment accounted for around 40.0% share of the pet bed market in 2019. The U.S., China, Japan, the Philippines, Russia, India, Argentina, and the U.K. have got the world's largest dog population. In the U.S., more than 60 million families owned more than 89 million dogs as of 2018.
Global Pet Beds Market: Regional Analysis
By Geography, the Pet Beds market is segmented into North America, Europe, Latin America, Asia Pacific, and Middle East and Africa.
The largest regional market in 2019 was North America. The most common animals owned by households in the region are dogs and cats. Expenditure in this segment has increased dramatically in the region over the last few years. The rural states of the United States have the maximum ownership of domestic animals, according to the American Veterinary Medical Association.
Due to the rising ownership of domestic animals, Europe had a substantial market share in 2019. More than 21% of households own dogs, and over 24% of families own cats. Asia Pacific is expected to grow at a highest CAGR from 2019 to 2026. India has the world's fastest-growing dog population. In India, growing per capita income has allowed customers to spend more on luxury products, such as pet accessories. A further emerging market for the commodity is China. The leading markets for this economy are Beijing and Shanghai.
Global Pet Beds Market: Competitive Players
The major players in the global pet beds market include K&H Manufacturing, Legowiska Wiko, Naaz International, West Paw Design, J and M Pet Beds Ltd, Tuffies, Eurostitch Ltd, Sherpa Pet, KandH Manufacturing, Quaker Pet Group, Snoozer, Gen7Pets, Sherpa’s Pet Trading Company, Coastal Pet Products, LePet, Quaker Pet Group, Lepetco, Fatboy, Ming Hui Industry Limited, Labrador Co., The Stylish Dog, Joanna Wood, SmartPetLove, Tall Tails Pet Products, Kurgo, and Chillspot among others.
The report segment of global pet beds market are as follows:
Global Pet Beds Market: Type Segment Analysis
Global Pet Beds Market: End-User Segment Analysis
Global Pet Beds Market: Application Segment Analysis
Global Pet Beds Market: Regional Segment Analysis
Consumer demand is growing dramatically for creative and trendy pet products such as pet beds. Manufacturers in this field concentrate on the creativity of multi-functional and trendy goods that can fulfill the requirements of pet owners. They have adopted a design-driven approach that could enhance the interior design of the pet owner. The material and quality of the items has also evolved over the years. Designer prints, luxury fabrics, fake furs, and wickers are used by manufacturers for their goods. Raw materials such as jute and banana leaves, both natural and environmentally friendly, are also gaining popularity among consumers.
Investment on domestic animals has risen dramatically across the globe. Owners spend a considerable amount on toys, clothes, beds, collars, travel accessories, grooming and veterinary services. The spending of the millennial generation is comparatively higher than that of other age groups. As of 2018, on a global basis, about 35.0 percent of owners were part of this age group. In addition to the increasing passion of the youths to own a pet, the growth in spending on pet beds is fueling the demand for the market worldwide.
The trend of carrying and keeping pets in workplaces has been growing over the past few years. In the near future, these pet-friendly organizations are also expected to increase the demand for the product. Another significant development is the growing trend for multi-functional beds, which has prompted producers to invest in these types of goods. These beds are designed to monitor the animal's weight and control the temperature according to the comfort of the pet. Some of these multi-functional pet beds also cover owner’s furniture such as chair, bed side table, coffee table. Thus, the pet owner who have limited space, are likely to boost the demand for such multifunctional pet beds, thereby driving the overall market.
According to Zion Market Research, the Pet Beds market is expected to generate revenue of around USD 1041.38 Million by the end of 2026, growing at a CAGR of 5.61%.
By Geography, the Pet Beds market is segmented into North America, Europe, Latin America, Asia Pacific, and Middle East and Africa.
The largest regional market in 2019 was North America. The most common animals owned by households in the region are dogs and cats. Expenditure in this segment has increased dramatically in the region over the last few years. The rural states of the United States have the maximum ownership of domestic animals, according to the American Veterinary Medical Association.
Due to the rising ownership of domestic animals, Europe had a substantial market share in 2019. More than 21% of households own dogs, and over 24% of families own cats. Asia Pacific is expected to grow at a highest CAGR from 2019 to 2026. India has the world's fastest-growing dog population. In India, growing per capita income has allowed customers to spend more on luxury products, such as pet accessories. A further emerging market for the commodity is China. The leading markets for this economy are Beijing and Shanghai.
The major players in the global pet beds market include K&H Manufacturing, Legowiska Wiko, Naaz International, West Paw Design, J and M Pet Beds Ltd, Tuffies, Eurostitch Ltd, Sherpa Pet, KandH Manufacturing, Quaker Pet Group, Snoozer, Gen7Pets, Sherpa’s Pet Trading Company, Coastal Pet Products, LePet, Quaker Pet Group, Lepetco, Fatboy, Ming Hui Industry Limited, Labrador Co., The Stylish Dog, Joanna Wood, SmartPetLove, Tall Tails Pet Products, Kurgo, and Chillspot among others.
Corporate Office
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll Free No.1-855-465-4651
Asia Pacific Office
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No 020-46277770
Contact #
US OFFICE NO +1-386-310-3803
US/CAN TOLL FREE +1-855-465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.