A comprehensive overview of the global blanket market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the blanket market globally. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the global blanket market at regional and country levels. The global blanket market is expected to grow around 4% CAGR during the forecasted period (2021-27).
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Market Overview
Blanket is a piece of woolen soft cloth which is mainly used to keep body warm while taking rest or sleeping. The regular type blankets are made up of polyester, wool, or cotton. In addition, electric blanket is a recently developed type of blanket and widely available across the globe. The regular and electric blankets are largely used in winter season and in snowy or cold weather.
COVID-19 Impact
The outbreak of COVID-19 had a slight impact on the adoption of blankets. As lockdown restriction were implemented during 1st quarter of 2020 and stayed for mid-year. Hence, the adoption of blanket was hardly impacted in most part of the world.
However, the lockdown restriction led to shutdown of manufacturing industry coupled with non-availability of the workers in factories have reduced the manufacturing capacity of blankets which in-turn might have negative effect on the sales of blanket during the winter season.
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Global blanket market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Product Type, the market is primarily bifurcated into:
· Wool
· Cotton
· Polyester
· Other
Based on product type, the blanket market is segmented into wool, cotton, polyester and other. The wool blanket captured dominant share in the market owing to the rising awareness about various benefits associated with this blanket such as warm, comfortable to use, and cost-effective than other type of blankets.
By Application, the market is primarily bifurcated into:
· Household
· Hospital
· Hotel
· Others
Based on application, the blanket market is classified into household, hospital, hotel, and others. The household segment holds the significant market share. It is mainly due to the different kinds of blankets are required to combat different weather types coupled with changing weather and climate has been promoting the demand for various types of blankets for residential needs.
Global Blanket Market Geographical Segmentation Includes:
· North America (United States, Canada, Rest of North America)
· Europe (Germany, UK, Spain, Italy, France, Rest of Europe)
· Asia-Pacific (China, Japan, India, Australia, Rest of APAC)
· Rest of World
Based on the estimation, Asia Pacific holds the significant market share owing to large-scale production of cotton, wool in the countries such as China, India, Australia coupled with successful established blanket manufacturing industries in the region.
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The major players targeting the market includes:
· American Blanket Company
· Pendleton Woolen Mills
· Hudson's Bay Company
· Boll and Branch
· URBANARA GmbH
· Shanghai Easun Group
· Medline Industries, Inc.
· Chellco Industries Limited
· Biddeford Blankets, LLC
· Youngman Woolen Mills Private Limited
Competitive Landscape
The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating globally. The specialist team of research analysts’ sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the global blanket market. The major players have been analyzed by using research methodologies for getting insight views on market competition.
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Key questions resolved through this analytical market research report include:
· What are the latest trends, new patterns, and technological advancements in the global blanket market?
· Which factors are influencing global blanket market over the forecast period?
· What are the global challenges, threats, and risks in the global blanket market?
· Which factors are propelling and restraining the global blanket market?
· What are the demanding global regions of the global blanket market?
· What will be the market size in the upcoming years?
· What are the crucial market acquisition strategies and policies applied by the companies?
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