Global Horse Rugs Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Horse Rugs Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

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.

Market Overview:

The latest research study on the global Horse Rugs market finds that the global Horse Rugs market reached a value of USD 224.62 million in 2022. It’s expected that the market will achieve USD 286.95 million by 2028, exhibiting a CAGR of 4.17% during the forecast period.

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.

Key Companies in the global Horse Rugs market covered in Chapter 3:

WeatherBeeta
Nehal Leather Work
Dover Saddlery Inc.
Back on Track
Circle Y
Hööks Hästsport
Kentucky Horsewear
HILASON
Shires
Horseware

In Chapter 4 and Chapter 14.2, on the basis of types, the Horse Rugs market from 2018 to 2029 is primarily split into:

Canvas
Nylon
Polyester
Cotton
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Horse Rugs market from 2018 to 2029 covers:

Online
Offline

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)