Global Blanket Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2019–2028
Blanket Market Overview
“The global Blanket market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
A blanket is a piece of woolen soft cloth that is mainly used to keep the body warm while taking a rest or sleeping.
The regular type blankets are made up of polyester, wool, or cotton. In addition, the electric blanket is a recently developed type of blanket and is widely available across the globe. The regular and electric blankets are largely used in the winter season and in snowy or cold weather.
Global Blanket Market: Dynamics
Growing demand for various types of blankets across the globe such as cotton, wool, polyester, and others is a key factor expected to boost the growth of the target market during the forecast period.
In addition, the rising adoption of various blankets in hospitals and hotels across the globe is another factor projected to support the growth of the target market.
Increasing penetration of electric blankets in many emerging countries is a major factor expected to fuel the growth of the global blanket market over the forecast period. In addition, the increasing popularity of various types, patterns, colors, and brands of blankets coupled with rising product advertising through various social media platforms across the globe are other major factors projected to drive the growth of the global market.
Furthermore, increasing consumer expenditure and rising technological advancements in blankets such as electric blankets by key manufacturers across the globe are other factors anticipated to propel the growth of the global blanket market in the next 10 years.
However, the high cost associated with the electric blanket is a key factor projected to restrain the growth of the global market. In addition, less awareness about electric blankets in many areas of the globe is a challenging factor that may hamper the growth of the target market.
Global Blanket Market: Segment Analysis
Increasing preference for wool blankets across the globe due to rising awareness about various benefits associated with these blankets such as warm, comfortable to use, and cost-effective than other types of blankets.
This is a primary factor driving revenue growth of the wool segment among the material type segment. In addition, increasing demand for wool blankets especially in cold weather conditions and during the winter season across the globe is another factor projected to support the growth of this segment.
Among distribution channels, the E-commerce segment is projected to witness significant growth in the global market, owing to the rising expansion of the E-commerce industry across the globe and increasing penetration of smartphones and the internet across the globe.
Global Blanket Market: Region Analysis
The market in the Asia Pacific region accounted for the highest revenue share in the global market followed by the market in Europe, owing to the availability of large consumer base and rising penetration of electric blankets in countries such as China, India, Germany, France, the UK in this region.
North America blanket market is expected to witness significant growth in the global market, owing to the increasing preference for electric blankets among individuals in countries such as Canada and US in this region.
Market in Middle East & Africa and Latin America are projected to register moderate growth in terms of revenue, owing to rising penetration of various polyester, wool, and cotton blankets in countries in these regions.
Global Blanket Market Segmentation:
Segmentation by Material Type:
Segmentation by Product Type:
- Regular Blanket
- Electric Blanket
Segmentation by Application:
Segmentation by Distribution Channel:
- Multi-Brand Stores
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Pendleton Woolen Mills, Inc.
- Biddeford Blankets, LLC
- Kanata Blanket Company
- Boll & Branch LLC
- American Household, Inc.
- Faribault Woolen Mills, Inc.
- Beurer GmbH
- Woolrich, Inc.
- Cuddledown, Inc.
- Morphy Richards Ltd.
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