Blanket Market Is Driven By A Rapidly Evolving Consumer And Retail Segment With A Healthy CAGR of 4.2% During The Forecast Period Of 2020 To 2027
Research Reports
Nov 15, 2023
Blanket Market Insights
According to MRFR analysis, the blanket market is expected to register a CAGR of~4.2% from 2020 to 2027 and hold a value of over USD 9.7 billion by 2027.
The term blanket market is not a commonly used term in business or economics. A possible interpretation of the term could refer to the market for blankets, which would be a specific segment of the textile industry. The blanket market could include manufacturers, wholesalers, and retailers who produce, distribute, and sell blankets to customers.
The size of the blanket market would depend on various factors, such as the demand for blankets, consumer preferences, and market competition. The blanket market may also vary based on the types of blankets being sold, such as electric blankets, weighted blankets, or traditional blankets made from materials like wool, cotton, or synthetic fibers.
The COVID-19 pandemic had various impacts on the blanket market, as people spend more time at home due to lockdowns and restrictions, the demand for home goods, including blankets, has increased. Many people are using blankets not only for warmth but also as a way to create a cozy and comfortable home environment. This has led to an increase in sales of blankets, particularly for online retailers who have seen a surge in demand.
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Regional Analysis
Asia-Pacific is one of the largest regions for the overall blanket market.
The increasing urbanization, changing lifestyles, and growing demand for comfortable and quality bedding products are driving the growth of the blanket market in the Asia-Pacific region. The growing middle class in countries like India and China is also a significant factor driving the demand for blankets in this region.
North America and Europe are also major markets for blankets, with the demand driven by factors such as cold weather and a high standard of living.
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Market Segmentation
The blanket market has been segmented into type, application and end-user.
Based on the type, the market has been segmented into wool, cotton and polyester.
Based on the application, the market has been segmented into household and commercial.
Based on the end-user, the market has been segmented into store-based and non-store-based.
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Key Players
Some of the key market players are:
- American Blanket Company (U.S.)
- Pendleton Woolen Mills (U.S.)
- Hudson’s Bay Company (Canada)
- Boll and Branch (U.S.)
- URBANARA GmbH (Germany)
- Shanghai Easun Group (China)
- Medline Industries Inc. (U.S.)
- Chellco Industries Limited (Nigeria)
- Biddeford Blankets LLC (U.S.)
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