The Blanket Market size was valued at USD 15.07 Billion in 2023 and the total Global Blanket revenue is expected to grow at a CAGR of 6.45% from 2024 to 2030, reaching nearly USD 23.34 Billion by 2030.
Blanket Market Overview
The blanket market is witnessing steady growth, driven by the increasing demand for comfort and warmth in residential and commercial settings. The market encompasses a wide variety of products, including fleece, wool, cotton, and electric blankets, catering to diverse consumer preferences and seasonal needs. With the rise of home decor trends emphasizing comfort and aesthetic appeal, consumers are increasingly investing in high-quality, stylish blankets that enhance their living spaces. Moreover, the growing popularity of home-centered activities, such as remote working and family gatherings, has further fueled the demand for cozy and functional blankets.
Market Forecast and Key Dynamics:
The blanket market is projected to grow significantly in the coming years, with key dynamics such as evolving consumer lifestyles, increasing disposable incomes, and a greater focus on home comfort contributing to this growth. Innovations in fabric technology, including the development of hypoallergenic, moisture-wicking, and temperature-regulating materials, are also shaping market trends. Additionally, the rise of e-commerce platforms is facilitating easy access to a broader range of blanket options, enhancing consumer choice and convenience. Sustainability is becoming increasingly important, with brands focusing on eco-friendly materials and production practices to attract environmentally conscious consumers.
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Blanket Market Regional Insights
North America holds a significant share of the blanket market, driven by a strong consumer preference for high-quality home textiles and a cold climate in many areas. The Asia-Pacific region is expected to see the fastest growth, propelled by rising disposable incomes, urbanization, and an increasing focus on home decor among the growing middle class. Europe also presents a robust market for blankets, particularly with the popularity of bedding and textile trends. Manufacturers are tailoring their offerings to meet the specific preferences of consumers in various regions, thereby enhancing their competitiveness and market reach.
Blanket Market Segmentation
By Material Type
Wool
Polyester
Cotton
By Application
Household
Commercial
By Distribution Channel
Online
Offline
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Blanket Market Key Players
Pendleton Woolen Mills, Inc.
Biddeford Blankets, LLC
Kanata Blanket Company
Boll & Branch LLC
American Blanket Company
Faribault Woolen Mills, Inc.
Beurer GmbH
Woolrich, Inc.
Cuddledown, Inc.
Morphy Richards Ltd.
Amritsar Swadeshi Textile Corporation Pvt. Ltd.
URBANARA GmbH
Shanghai Easun Group
Medline Industries, Inc.
Chellco Industries Limited
Biddeford Blankets, LLC
Youngman Woollen Mills Private Limite
Silentnight Group Limited
Barker Textiles UAB
Jindal Textile
Arihant Handloom Industries
Brandonn.
XXX Inc
Key questions answered in the Blanket Market are:
- What is Blanket?
- What was the Blanket market size in 2021?
- What is the growth rate of the Blanket Market?
- Which are the factors expected to drive the Blanket market growth?
- What are the different segments of the Blanket Market?
- What growth strategies are the players considering to increase their presence in Blanket?
- What are the upcoming industry applications and trends for the Blanket Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Blanket Market?
- What segments are covered in the Blanket Market?
- Who are the leading companies and what are their portfolios in Blanket Market?
- What segments are covered in the Blanket Market?
- Who are the key players in the Blanket market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by Different Segment | 2022-2027
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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