Global Pet Beds Market 2022 Size, Growth Analysis Report, Forecast to 2028.

The global pet beds market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). The rise in pet ownership is anticipated to drive the growth of the global pet beds market. According to Insurance Research Council, nearly one in three (30.0%) Americans adopted a pet during the COVID-19 pandemic. According to National Pet Owners Survey conducted by American Pet Products Association (APPA), 70.0% of US households or about 90.5 million families own a pet. This is up from 67.0% in 2019. Further, 69 million households owned dogs, 45.3 million owned cats, and 9.9 million owned birds. Thus, the rising adoption of pets is anticipated to support the growth of the global pet beds market.

The rapid urbanization coupled with rising disposable income is increasing the purchasing power of consumers. According to the data published by UNCTAD in 2021, the share of the urban population increased to 56.2% in 2020. In developed economies, 79.0% of people live in cities. Also, as per the data published by United Nations Organization, the global population is projected to increase by 2 billion persons in the next 30 years from 7.7 billion in 2020 to 9.7 billion in 2050 and could peak at nearly 11 billion around 2100. The growth has been driven by increasing urbanization and accelerating migration. 61.0% of the global population lives in Asia, 17.0% in Africa, 10.0% in Europe, 8.0% in Latin America, and the remaining 5.0% in Northern America. Moreover, as per the data published by Statistics Canada,  the share of disposable income for the household in the lowest quintile increased from 6.1% in the first quarter to a high of 7.2% in the second quarter of 2020. Also, as per OECD, the average household net adjusted disposable income per capita is $30,490 per annum. Thus, rapid urbanization coupled with growing disposable income is anticipated to fuel the demand for the global pet beds market.

 

Competitive Landscape- 

The Stylish Dog Co., K&H Pet Products, and ORVIS  among others

By Material Type

• Faux Furr
• Polyester
• Other

By Shape

• Couch
• Bolster
• Others

By Bed Type

• Memory Foam
• Orthopedic
• Others

By End-Use

• Dogs
• Cats
• Others

Scope of the Report
The research study analyzes the  Global Pet Beds industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by  Global Pet Beds Market Report
1. What was the  Global Pet Beds Market size in 2019 and 2021; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Global Pet Beds Market during the forecast period (2022-2028)?
   3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
   4. Which manufacturer/vendor/players in the Global Pet Beds Market was the market leader in 2021?
   5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

The report covers the following objectives:

• Proliferation and maturation of trade in the Global Pet Beds market.
• The market share of the Global Pet Beds market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
• Current and future market trends that are influencing the growth opportunities and growth rate of the Global Pet Beds market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Global Pet Beds market.