Global Blanket Market, By Material Type (Wool, Polyester, Cotton), Product Type (Regular Blanket, Electric Blanket), Application (Hospital, Household, Hotel), Distribution Channel (Hypermarkets/Supermarkets, E-Commerce, Multi-Brand Stores) – Industry Trends and Forecast to 2029
Market Analysis and Size
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.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2019 - 2014)
|
|
Quantitative Units
|
Revenue in USD Billion, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Material Type (Wool, Polyester, Cotton), Product Type (Regular Blanket, Electric Blanket), Application (Hospital, Household, Hotel), Distribution Channel (Hypermarkets/Supermarkets, E-Commerce, Multi-Brand Stores)
|
|
Countries Covered
|
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
|
|
Market Players Covered
|
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), Morphy Richards (England), Silentnight Group Limited (U.K.), Barker Textiles UAB (Lithuania), Kanata Blanket Co. (Canada) and Faribault Woolen Mill. (U.S.)
|
|
Market Opportunities
|
|
Market Definition
Blanket is defined as a piece of woolen soft cloth mainly used to keep the body warm while taking rest or sleeping. The regular type blankets are made up of wool, polyester, or cotton. Also, electric blanket is a recently developed type of blanket and is extensively available across the globe. The electric and regular blankets are largely used in winter season and in snowy or cold weather.
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.
Restraints/Challenges
- High Costs
However, factors such as the high cost associated with electric blanket will further create affordability issues. This will create hindrances for the growth of the blanket market.
- Lower Awareness
The less awareness about electric blankets in many areas of the globe will prove to be a demerit for the blanket market. Therefore, this factor is anticipated to challenge the blanket market growth rate.
This blanket market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the blanket market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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
Blanket Market Regional Analysis/Insights
The blanket market is analyzed and market size insights and trends are provided by country, material type, product type, application and distribution channel. as referenced above.
The countries covered in the blanket market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the rise in the availability of large consumer base and rising penetration of electric blanket within the region.
On the other hand, North America is estimated to show lucrative growth over the forecast period of 2022-2029, due to the rise in the adoption of various blankets in hospitals and hotels and the increase in the penetration of electric blankets in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Blanket Market Share Analysis
The blanket market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to blanket market.
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.)
SKU-