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.
For Full Research Report On Blanket Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/blanket-market
Blanket Market
Report Highlights
- 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.
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Blanket Market
Segmentation
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
- U.S.
- Europe
- Germany
- U.K.
- France
- Asia Pacific
- India
- China
- Japan
- 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.
For more info visit @ https://www.grandviewresearch.com
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