NEWARK, Del, Sept. 28, 2022 (GLOBE NEWSWIRE) -- As per a recent market analysis by Future Market Insights (FMI), the cat scratchers and trees market is estimated to reach a valuation of US$ 413.2 Million in 2022, according to a recent market analysis by Future Market Insights (FMI). According to projections, the market for cat scratchers and trees might very well sprout at a 4.5% CAGR and reach US$ 641.6 million by 2032.
Sales of cat scratchers and trees in the market are envisioned to be significantly impacted by the growing cat ownership. A further sign of the growth in product adoption during the forecast period is the rising pet spending in low- and middle-income countries.
Every industry has experienced detrimental effects from the Covid-19 pandemic in one way or another. One of the industries that have been severely impacted was retail. The manufacturers of cat scratchers and trees market went to great lengths to manage demand fluctuations and spring up from the economic meltdown.
A significant trend in the cat scratchers and trees market is the idea of biodegradable products. The market for cat scratchers and trees produces and buys products based on their robustness and inventive designs. Most people prefer sisal fabric because it is easily recyclable and environmentally friendly.
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Additionally, the cat scratchers and trees market growth has been significantly aided by the rise of "customised products." As a result, both brick-and-mortar stores and online retailers are promising to ship products that are specially made to the customers' specifications for style, size, and shape.
Key Takeaways from the Cat Scratchers and Trees Market Study:
- Due to the rising popularity of products like feline trees, condos, racks, roosts, and other cat-related items in this region, Asia-Pacific dominates the cat scratchers and trees market.
- Due to increases in the market's innovative work activities, Latin America is the typical region for growth in the cat scratchers and trees market.
- Russians are also ardent cat lovers. More Russians love cats than dogs because of the country's unique cultural traditions. According to Russian folklore, cats have wisdom. These factors have improved cat reception in the area. This indicates a high likelihood of steady growth in the local cat scratchers and trees market during the indicated time frame.
- In Mexico, it is also evident that cats have owners. People in this area are also generally excited about getting a shaggy sidekick. In addition, animal lovers in this area are enthusiastic about spoiling their pets with every luxury.
The cat scratchers and trees market is expected to expand as demand for "customised products" rises. However, growing public understanding of the value of eco-friendly goods can act as a catalyst for the global cat scratchers and trees market to grow. - Said FMI Analyst.
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Who holds command?
Leading producers of cat scratchers and trees market place a strong emphasis on the environment's sustainability, the products' long-term viability, and their aesthetic appeal.
The cat scratchers and trees market is dominated by companies like TRIXIE, Dibea, Karlie, Catit, K&H, Qiheng Pet Products Manufactory Co. Ltd, Horizon Structures, Birds In Glass Houses, Bonka Bird Toys, Erva Tool & Manufacturing Co. Inc., Cricket Valley Structures, Midwest Homes For Pets, Thoren Caging Systems, Inc., Wyld's Wingdom, Caitec Corporation, and Liulin.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the cat scratchers and trees, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022 to 2032. The study divulges compelling insights on cat scratchers and trees by purpose (domestic, exercise, relax, sleep on, to play, decoration), by material (sisal fabric, carpet, cardboard, wood) by price range (low, medium, and premium), by sales channel (wholesalers/distributors, hypermarkets/supermarket, specialty stores/pet stores, online retailers, other retail formats), & region.
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
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