Global Pet Furniture Market Analysis with COVID-19 Recovery Plan and Strategies for the Consumer Discretionary Industry | Technavio
LONDON–(BUSINESS WIRE)–The pet furniture market research report examines the key questions around the implications of COVID-19 and provides a recovery analysis and outlook for the market in focus. Although the market has witnessed a negative impact due to the COVID-19 situation, the research analysts at Technavio expect the pet furniture market to recover and grow by USD 4.11 billion during the forecast period, accelerating at a CAGR of almost 6%.
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Pet Furniture Market Segmentation Analysis by Product
- Pet house
- Pet bed and sofa
- Pet tree and condo
The pet house segment accounted for the highest pet furniture market share in 2019. The growing demand for pet houses is mostly attributable to their aesthetic appeal. Key market competitors design modern and sleek pet houses as per customers’ demands.