Blanket Market Is Projected to Grow USD 10.63 billion at a CAGR 4.70%, Globally

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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

The extensively detailed analysis of the Blanket Market serves as a verified information source, presenting an expansive perspective on current market trends, situations, opportunities, and status. It calculates Compound Annual Growth Rate (CAGR) values, expressed in percentages, indicating the market's ascent or descent for specific products during the forecast period. The report offers a comprehensive overview encompassing product specifications, technology, product types, and production analysis, taking into account crucial factors such as revenue, cost, and gross margin. Moreover, the Blanket Market survey report is meticulously crafted to encompass all essential aspects of market research, bringing the market landscape clearly into focus.

With an unwavering commitment and resilient, integrated approaches, the Blanket Market research report aims to empower businesses to uncover optimal market opportunities and access pertinent information for achieving success. This expansive report contains detailed data and information providing current and future prospects, enabling businesses to make informed investment decisions. All these parameters can be explored to analyze market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, as well as sales channels and distributors.

Explore Further Details about This Research Blanket Market Report

https://www.databridgemarketresearch.com/reports/global-blanket-market

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.

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.

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.)

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.

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

Key benefits of buying the Blanket Market Report:

This report will enable both of the sides in market be an established firm or a relative new entrant. It helps the established firms to know about the moves which are being performed by their competitors and also helps the new entrants by educating them about the market situations and the industry trends.

This report is quite fruitful in helping to understand the market definition and all the aspects of the market including the CAGR value and key profiles.

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