Global Horse Rugs Market Size, Share and Industry Analysis by Regions, Countries, Types, and Applications, Forecast to 2028

SKU ID : Maia- 24225790

Publishing Date : 06-Jul-2023

No. of pages : 98

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  • The global Horse Rugs market size was valued at USD 224.62 Million in 2022 and will reach USD 286.95 Million in 2028, with a CAGR of 4.17% during 2022-2028.

    A horse rug is a blanket or animal coat intended for keeping a horse or other equine warm or otherwise protected from wind or other elements. They are tailored to fit around a horse's body from chest to rump, with straps crossing underneath the belly to secure the blanket yet allowing the horse to move about freely. Most have one or two straps that buckle in front, but a few designs have a closed front and must be slipped over a horse's head. Some designs also have small straps that loop lightly around the horse's hind legs to prevent the blanket from slipping sideways.

    Marketing channel sales will be affected differently
    The distribution channel segment is divided into offline and online, the offline segment is dominating the market currently, and due to emergence of COVID-19, the online market witnessed a significant growth in 2020. The COVID-19 Outbreak has led to a decline in offline passenger flow, and the advantages of e-commerce companies have become prominent. During the epidemic prevention and control period, some horse rugs enterprises did not carry out internet marketing and promotion for their business, so they encountered great resistance in undertaking business. For enterprises that fail to make good use of network promotion means, there is almost no market development during the epidemic period, and the original offline market development plan is disrupted, and the epidemic will face fierce market homogenization competition, which is expected to have a great impact on the company's business throughout the year.

    Rising number of riding schools, riding yards, welfare charities, and services
    With the rising number of horse riding training institutes such as riding schools, riding yards, welfare charities, and services, is leading to the growth of the horse rugs market. Additionally, increasing the number of both men and women taking part in this activity requires extra safety regulations related to the equipment used for this sport have been issued. Thus, rising demand of the equipment such as horse rugs further boost the market. Furthermore, growing investment of people in leisure sports activities is projected to spur the market growth for horse rugs.

    Fluctuations in raw material prices
    Fluctuations in the price, availability and quality of the commodities, raw materials and components used in manufacturing horse rugs products could have an adverse effect on costs of sales, profitability and the ability to meet customers' demand. The price of commodities, raw materials and components, including Canvas, Nylon, Polyester, Cotton, the largest raw material categories, have been volatile in prior years, and the cost, quality and availability of such commodities have been significantly affected in recent years by, among other things, changes in global supply and demand, changes in laws and regulations (including tariffs and duties), changes in exchange rates and worldwide price levels, natural disasters, labor disputes, terrorism and political unrest or instability. These factors could lead to further price increases or supply interruptions in the future. As discussed above, in the short term, rapid changes in raw material costs can be very difficult for manufactures to offset with price increases because, in the case of many of contracts, suppliers have committed to selling prices for goods and services for periods of one year, and occasionally longer. Manufactures' profit margins could be adversely affected if commodity, raw material and component costs remain high or escalate further, and, manufactures are unable to pass along a portion of the higher costs to customers. Price variance caused by fluctuations in raw material prices, which is not conducive to the development of the industry.

    Region Overview:
    In global comparison, a significant portion of the revenue was generated in United States (33.85% in 2021).

    Company Overview:
    Horseware is one of the major players operating in the Horse Rugs market, holding a share of 11.18% in 2022.

    Horseware
    Horseware Ireland is a global brand leader in horse blankets and horse products, which are sold in more than 70 countries around the world. Horseware Ireland’s Rambo rugs are still world leaders in innovation, quality and fit.

    Dover Saddlery Inc.
    Dover Saddlery® brand riding apparel, equestrian wear, bridles, saddles and other tack is developed by riders, for riders. Leveraging nearly a half-century of equestrian expertise and world-wide contacts in the equestrian industry, product development teams at Dover Saddlery are able to offer just the right choices for you and your horse.

    Segmentation Overview:
    By type, Nylon segment accounted for the largest share of market in 2021.

    Canvas
    Modern materials similar to those used in human outdoor wear are commonly used in horse rugs manufacture. The outer layer of the horse rugs can be made of various materials, for example, such as Canvas, Nylon, Polyester, Cotton and so on.
    Canvas is a plain-woven fabric typically made out of cotton and, to a lesser extent, linen. Canvas fabric is known for being durable, sturdy, and heavy duty. By blending cotton with synthetic fibers, canvas can become water resistant or even waterproof, making it a great fabric for horse rugs.

    Nylon
    Nylon is a generic designation for a family of synthetic polymers composed of polyamides (repeating units linked by amide links). Nylon is a silk-like thermoplastic, generally made from petroleum, that can be melt-processed into fibers, films, or shapes. Nylon polymers can be mixed with a wide variety of additives to achieve many different property variations.

    Polyester
    Polyester is a generalised term for any fabric or textile, which is made using polyester yarns or fibres. It is a shortened name for a synthetic, man-made polymer, which, as a specific material, is most commonly referred to as a type called polyethylene terephthalate (PET). It is made by mixing ethylene glycol and terephthalic acid. That all sounds extremely scientific, but basically, polyester is a kind of plastic.

    Cotton
    Cotton is made from the natural fibers of cotton plants, which are from the genus Gossypium. Cotton is primarily composed of cellulose, an insoluble organic compound crucial to plant structure, and is a soft and fluffy material.

    Application Overview:
    The market's largest segment by application is the segment Offline, with a market share of 80.68% in 2022.

    The Horse Rugs market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.

    Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.

    In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.

    Key Companies in the global Horse Rugs market covered in Chapter 4:
    Circle Y
    Hööks Hästsport
    Dover Saddlery Inc.
    WeatherBeeta
    Nehal Leather Work
    HILASON
    Horseware
    Back on Track
    Kentucky Horsewear
    Shires

    In Chapter 12 and Chapter 14.1, on the basis of types, the Horse Rugs market from 2018 to 2028 is primarily split into:
    Canvas
    Nylon
    Polyester
    Cotton
    Others

    In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Horse Rugs market from 2018 to 2028 covers:
    Online
    Offline

    Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
    North America (United States, Canada, Mexico)
    Europe (Germany, United Kingdom, France, Italy, Spain)
    Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
    South America (Brazil, Argentina)
    Middle East & Africa (Saudi Arabia, UAE, South Africa)

    Outline:
    Chapter 1 begins with the Horse Rugs market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Horse Rugs market and its likely evolution in the short to mid-term and long term.

    Chapter 2 provides Horse Rugs industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.

    Chapter 3 depicts Horse Rugs industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.

    Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Horse Rugs market ranking, benchmarks, and company business portfolio.

    Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.

    Chapters 6-10 highlight Horse Rugs market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.

    Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.

    Chapters 12-13 evaluate the Horse Rugs market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.

    Chapters 14-15 elaborate on the Horse Rugs market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.

    Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

    Years considered for this report:


    Historical Years:

    2018-2022

    Base Year:

    2022

    Estimated Year:

    2023

    Forecast Period:

    2023-2028

    Frequently Asked Questions



    This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

    • By product type
    • By End User/Applications
    • By Technology
    • By Region

    The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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