Changing weather patterns worldwide have played an important influence in encouraging the use of electric blankets in recent years. The blanket's capacity to self-warm provides temperature control and extreme comfort. Consumer awareness is projected to grow, as is the frequency with which new high-quality blankets are introduced. Furthermore, an increase in private consumer expenditure is projected to enhance demand for luxury and decorative goods, particularly in rising markets such as China and India.
Global Blanket Market was valued at USD 7.36 billion in 2021 and is expected to reach USD 10.63 billion by 2029, registering a CAGR of 4.70% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behavior.
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Some of the major players operating in the blanket market are
- American Blanket Company (U.S.)
- Pendleton Woolen Mills (U.S.)
- Amritsar Swadeshi Textile Corporation Pvt. Ltd. (India)
- Hudson's Bay Company (Canada)
- Boll & Branch (U.S.)
- URBANARA GmbH (Germany)
- Shanghai Easun Group (China)
- Medline Industries, Inc. (U.S.)
- Chellco Industries Limited (Nigeria)
- Biddeford Blankets, LLC (U.S.)
- Youngman Woollen Mills Private Limited (India)
- Richards (England)
- Silentnight Group Limited (U.K.)
- Barker Textiles UAB (Lithuania)
- Kanata Blanket Co. (Canada)
- Faribault Woolen Mill. (U.S.)
Global Blanket Market Scope
The blanket market is segmented on the basis of material type, product type, application and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Material Type
- Wool
- Polyester
- Cotton
Product Type
- Regular Blanket
- Electric Blanket
Application
- Hospital
- Household
- Hotel
Distribution Channel
- Hypermarkets/Supermarkets
- E-Commerce
- Multi-Brand Stores
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Blanket Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- High Demand for the Blanket
The factors such as increasing demand for wool blankets, especially in cold weather conditions and during the winter season is projected to create outstanding demand for the blanket services during the forecasted period. Moreover, the rise in the adoption of various blankets in hospitals and hotels across the globe also boosts the overall demand for the market.
The increasing consumer expenditure will further propel the growth rate of blanket market. Additionally, the rising penetration of electric blankets and rapid urbanization will also drive market value growth over the forecasted timeframe. Furthermore, the availability of blanket in a range of designs and pattern and increase in disposable money also boosts the overall market’s growth.
Opportunities
- Advancements and Awareness
Furthermore, the rising technological advancements in blankets such as electric blankets further extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the rising awareness about various benefits associated with these blankets such as warm, comfortable to use, and cost-effective will further expand the future growth of the blanket market.
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