The global blanket market size is expected to reach USD 23.3 billion by 2025,
according to a new report by Grand View Research, Inc., expanding at a CAGR of
4.5% over the forecast period. Significant growth of the travel and hospitality
industries at a global level as a result of reduced airline fares and
attractive value-added services provided by key hotel industry participants is
expected to remain a prominent factor. Furthermore, rising national defense
spending by the governments of countries including U.S., China, Russia, Iran,
Israel, India, and Pakistan is expected to promote the use of blankets for
military and air force over the next few years.
Cotton-based products dominated the market
and generated a revenue of USD 4.6 billion in 2018. These product types are
expected to gain momentum as a result of their high visibility as durable
comfort characteristics. Furthermore, these textile products have the ability
to perform across a wide range of climate conditions.
Since the last few years, some of the
celebrities have been launching the products under their name. For instance, in
March 2019, Drew Barrymore launched Flower Home, a homeline at Walmart.com. The
brand, along with various home related décor and furniture, also offers
blankets that are richly layered and cozy. Similarly, in March 2019, the
multinational furniture company, Ikea launched the brand Overalt. The brand
specifically offers African design decors and furniture. Moreover, Sindhiso
Kumhalo and Renée Rossouw have been working on quilt and blanket projects for
the launch of products, which are based on African designs.
In May, 2019, natural home goods brand
Buffy launched a new product, The Breeze. These temperature regulating
comforters are derived from eucalyptus fibers. Shell fabric and the fills are
the naturally more breathable as compared to other comforters derived from
polyester or animal-based materials. The breathability associated with these
product forms ultimately leads to a more regulated temperature during sleep.
To request a sample copy
or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/blanket-market
https://www.grandviewresearch.com/industry-analysis/blanket-market
Further key findings from the report suggest:
· By product, cotton accounted for more than
25.0% share in 2018. Polyester is expected to exceed 20.0% share of the global
revenue by the end of 2025
· The commercial segment is expected to
expand at the fastest CAGR of 4.7% from 2019 to 2025
· North America accounted for a revenue share
of over 30.0% in 2018
· Online distribution channel is expected to
register the highest CAGR of 5.0% from 2019 to 2025.
Grand View Research has segmented the
global blanket market on the basis of product, application, distribution
channel, and region:
Blanket Product Outlook (Revenue, USD
Billion, 2015 - 2025)
·
Mink
·
Fleece
·
Cotton
·
Polyester
·
Others
Blanket Application Outlook (Revenue, USD
Billion, 2015 - 2025)
·
Household
·
Commercial
Blanket Distribution Channel Outlook
(Revenue, USD Billion, 2015 - 2025)
·
Hypermarkets & Supermarkets
·
Convenience Stores
·
Online
Blanket Regional Outlook (Revenue, USD
Billion, 2015 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa (MEA)
About Grand View
Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
