Global Plush Blankets Market, By Application (Residential, Commercial), Distribution Channel (Hypermarkets & Supermarkets, Convenience Stores, Online, Others), Country (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) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Plush Blankets Market
The plush blankets market is expected to witness market growth at a rate of 6.5% in the forecast period of 2021 to 2028 and is expected to reach the value of USD 671.92 million by 2028. Data Bridge Market Research report on plush blankets market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. Rapid urbanization is escalating the growth of plush blankets market.
The plush blankets refer to a type of blanket that possesses rich fabric for long, and soft nap. The plush blanket provides warmth along with natural elegance and richness. The raised design of the blanket creates a layer of air between an individual and the core of a blanket. The heat produced by the body while sleeping is circulated between the layers of plush fibers, resulting in the maintenance of the core temperature of the body.
The growth of the hospitality sector across the globe acts as one of the major factors driving the growth of plush blankets market. The rise in preference for luxury based lustrous blankets owning to the higher adoption of less-weighted blankets among individuals, and surge in consumer spending on comfort and relaxation as a cause of lifestyle inflation, particularly among generation X, Y, and Z, creating higher demand for softer and luxury appealing bedding products accelerate the market growth. The increase in application of plush blankets in the commercial sector because of the changing lifestyles rising the penetration of fancy and soft fabric-based bedding products, and increasing the incorporation of plush soft and lightweight material further influence the market. Additionally, growth in residential as well as commercial sectors, rapid urbanization and rise in number of construction of residential houses, positively affect the plush blankets market. Furthermore, advancements in fabric, along with product launches, extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the product and maintenance is expected to obstruct the market growth. Concerns regarding tendency of microfiber shedding that is associated with the utilization of plush fibers are projected to challenge the plush blankets market in the forecast period of 2021-2028.
This plush blankets 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, geographical expansions, technological innovations in the market. To gain more info on plush blankets 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 Plush Blankets Market Scope and Market Size
The plush blankets market is segmented on the basis of application and distribution channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of application, the plush blankets market is segmented into residential and commercial.
- On the basis of distribution channel, the plush blankets market is segmented into hypermarkets & supermarkets, convenience stores, online and others.
Plush Blankets Market Country Level Analysis
The plush blankets market is analyzed and market size, volume information is provided by country, application and distribution channel as referenced above.
The countries covered in the plush blankets market report are the 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.
North America dominates the plush blankets market because of the increasing spending on residential renovations and repairs by population within the region. Asia-Pacific is expected to witness high growth during the forecast period of 2021 to 2028 because of the increased investments in various sectors, particularly hospitality including hotels and hospitals in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Plush Blankets Market Share Analysis
The plush blankets 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 plush blankets market.
The major players covered in the plush blankets market reports are Berkshire, American Blanket Company, FleecePro, Sunbeam Products, Inc., Adornit, Plush Addict, Robert Kaufman Co., Shannon Fabrics Inc., Venus Group., The Company Store, Newell Brands, Home Depot Product Authority, LLC., American Blanket Company, FleecePro, Shannon Fabrics Inc., and Venus Group., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand.
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