Global Moving Blankets Market: An Overview
Moving blankets are protective solutions designed to protect fragile products from scratches, scuffs, dents and nicks during transit. Moving blankets are known in the industry by various names, such as moving pads, furniture blankets, cargo blankets and furniture pads. The global market is characterized by the presence of a large number of middle- to low-income players. Manufacturers of moving blankets also differentiate their products by incorporating several convenience features. For instance, machine washable blankets are widely preferred in the market. These blankets are available in the market in a variety of colors and their performance is greatly influenced by their composition. Moving blankets are useful in ensuring that surfaces remain scratch-free during transit. Manufacturers of these blankets produce professional grade furniture moving blankets for use by professional packers and movers. The outlook for the global market is expected to remain moderate during the forecast period.
Global Moving Blankets Market: Dynamics
The global market is expected to grow on the backdrop of growth in the packers and movers market. As of now, the Asia Pacific packers and movers market is expected to witness steady growth, thereby boosting demand for products, such as moving blankets, to ensure safety of goods in transit. Manufacturers of moving blankets are expected to increase their efforts for the production of high quality machine washable blankets. Moving blankets can also be used for heavy duty performance and therefore enjoy high demand. In addition, manufacturers of moving blankets are also coming up with innovative variants, such as sound dampening. Furthermore, moving blankets are also considered to be one of the most ideal solutions for short-term and long-terms storage as they provide a soft layer for the protection of goods. This is done by using solutions, such as rubber bands, ratchet straps and stretch wrap films, among others. Some of the factors which might act as restraints are incompatibility of certain moving blankets with the binding material. For instance, synthetic blankets can tear due to application of tape. However, correct knowledge of moving blankets and their compatibility can avert such problems.
Global Moving Blankets Market: Segmentation
The global moving market is segmented as follows -
On the basis of fabric, the global market is segmented into –
- Cotton/Poly Blends
- Woven Polyester
- Non-woven Polyester
On the basis of binding material, the global market is segmented into –
- Ratchet straps
- Stretch wraps
- Moving bands
On the basis of end user, the global market is segmented into –
- Professional Movers
- Van Operators
- Carpenters and Cabinet Makers
Global Moving Blankets Market: Regional Outlook
North America is expected to be in the leading position throughout the forecast period. The U.S. is expected to account for majority of the market value share of the North America moving blankets market. However, the Asia Pacific market is expected to register healthy CAGR during the forecast period owing to the increasing number of packer and mover start-ups in countries, such as India and China. Growth in urbanization in these countries is anticipated to boost growth of the moving blankets market in the Asia Pacific. In terms of growth, Latin America is expected to register sluggish growth due to slow economic recovery.
Global Moving Blankets Market: Key players
Some of the key participants operating in the global market are –
- Western Tarpaulin & Company
- New Haven Moving Equipment
Small to medium scale manufacturers are scattered across the global moving blankets market, which results in a low bargaining power of suppliers.
Some of the key trends in the global moving blankets market are –
- Increased emphasis on production of reusable moving blankets
- Persistent efforts to reduce timeframe of transit of goods is generating more demand for impact resistant protective solutions, such as moving blankets
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.