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.
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: 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