Global Woolen Blanket Market Report, Insights and Trends, Positive and Negative Factors, Areas to Focus on, Potential Markets, Key Developments, Segments and Verticals, and Forecast 2019 – 2028

Woolen Blanket Market Report has been segmented on the basis of product type, end-use, application, and region.

Woolen Blankets: Overview

“The Woolen 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.”

Woolen blankets are woven large pieces of sheets made up of woolen fiber that are used for protecting the human body and to keep it warm in cold and snowy weather conditions.

Wool, a naturally available fiber, has the key property to provide instant warmth. Woolen blankets are easy to clean, highly durable, flexible, and hypoallergenic which means it prevents the growth of dust mites on them, and are flame resistant.

These features of woolen blankets make them popular and are highly adapted for applications in households, public transport such as outstation buses and trains, airplanes, and commercial buildings such as hospitals, hotels, and offices, among various other places.

Market Dynamics: Driving and Challenging Factors

The presence of extreme cold weather conditions across the globe during the winter season, and the necessity to keep the human body warm in snowy regions are major factors driving the growth of the global woolen blanket market.

In addition, the rising trend of centralized air conditioners in outstation busses, certain train compartments, and airplanes, coupled with the prevalence of cold and cough, fever, asthma, and musculoskeletal diseases and disorders has resulted in the need for warm and cozy woolen blankets for use in outstation public transportation to maintain body temperature.

Moreover, the need for air-conditioned wards in hospitals such as ICU and private wards in order to avoid any infectious organisms to affect patients’ health is another major factor driving the need for woolen blankets to balance patients’ body temperature.

This is in turn expected to drive the growth of the global market.

Rapidly increasing hospitality sector, and global tourism due to various reasons are expected to further support the growth of the global woolen blanket market to a significant extent.

Furthermore, the rising trend of organic woolen blankets manufactured through ethical processes, coupled with the increasing spending capacity of individuals are expected to result in higher demand for products and are expected to fuel the growth of the target market.

However, the availability of substitutes at reasonable rates such as knitted polyester blankets, mink material blankets, or blankets made using acrylic, cotton, or fleece materials could hamper revenue growth of the target market.

In addition, no demand from hot-weathered regions and the presence of hot weather season for most of the time in a year in certain tropical countries are other key factors that could challenge the growth of the global woolen blanket market to a certain extent.

Woolen Blanket Market Analysis by Segments:

By Product Type:

Among the product type segments, the pure wool segment is expected to dominate in the target market and is expected to register a higher CAGR in terms of revenue as compared to other segments over the forecast period.

Pure wool blankets are made up of 100% virgin wool which makes them light. These woolen blankets are available in various colors and sizes and need minimum maintenance.

By End-use Application:

Among end-use application segments, the household use segment is expected to account for a major revenue share in the global woolen blanket market in the next 10 years, owing to the increasing need for woolen blankets to keep bodies warm in cold weather.

Regional Analysis:

The Asia Pacific market is expected to register a significant growth rate in terms of revenue in the global woolen blanket market over the forecast period.

This can be attributable to the increasing demand for pure woolen blankets as a symbol of prestige, the presence of a large number of manufacturers in countries such as China, India, Australia, and New Zealand in the region, presence of cold weather conditions, and higher spending capacity.

In addition, growing hospitality and medical tourism sectors are other major factors expected to drive revenue growth in the Asia Pacific market.

The North American and Europe woolen blanket markets are projected to register a considerable growth rate over the next 10 years.

This can be attributable to the increasing need for woolen blankets by individuals living in snowy and windy locations and the rising demand for organic-certified blankets in developed countries such as the US and the UK.

Global Woolen Blanket Market Segmentation

Segmentation, by Product Type:

• Pure Wool
• Cashmere
• Wool blends
• Others

Segmentation, by End-Use Application:

• Residential
• Commercial

Segmentation, by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa