Blanket Market Analysis, Share, Industry, Opportunities 2031

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Blanket Market Analysis, Share, Industry, Opportunities 2031

Blanket Market Analysis, Share, Industry, Opportunities 2031

Segments - Blanket Market by Types (Regular Blanket and Electric Blanket), Materials (Wool, Polyester, and Cotton), Distribution Channels (Online and Offline), Applications (Hospital, Household, Hotel, and Others), End-users (Residential and Commercial) and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Debadatta Patel

Fact-checked by : PARTHA PAUL

Editor : Shruti Bhat

Report Description

The global blanket market was valued at USD 7.88 Billion in 2022 and is projected to reach USD 12.54 Billion by 2031, expanding at a CAGR of around 5.3% during the forecast period, 2023 – 2031. A blanket is a piece of woollen soft cloth that is specifically used to keep body temperature warm while sleeping or taking rest. The material used to manufacture blankets is made up of cotton, wool, or polyester. Electric blankets introduced in the market are trending and gaining popularity amid consumers, owing to its multiple benefits.

Blanket Market Trends, Drivers, Restraints, and Opportunities

Rising consumer awareness about blankets is associated with the frequent launch of blankets with multiple patterns and quality. The global blanket market is anticipated to propel the consumption of decorative and luxury products mainly in emerging economies.
Factors such as rising adoption of various types of blankets in hospitals and hotels across the globe, increasing adoption of electric blankets in multiple regions and countries, growing preferences in terms of patterns, colors, brands, categories, and types of blankets, and increasing popularity and advertisement through multiple social media platforms globally are driving the global blanket market.
High cost of blankets, especially electric blankets, are the key factors that hamper the market growth.
Increasing R&D activities and consumer preferences towards blankets across emerging economics are estimated to create opportunities in the global blanket market in the coming years.

Scope of Blanket Market Report

The report on the global blanket market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes	Details
Report Title	Blanket Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	By Types (Regular Blanket and Electric Blanket), Material (Wool, Polyester, and Cotton), Distribution Channels (Online and Offline), Applications (Hospital, Household, Hotel, and Others), End-users (Residential and Commercial)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Pendleton Woolen Mills; Urbanara; Faribault Woolen Mill; Biddeford Blankets LLC; Hudson’s BayCompany (HBC); American Blanket Company; Medline industries, Inc.; and Kanata Blanket Co.

Blanket Market Segment Insights

Increasing benefits and features of electric blanket to drive the market

In terms of types, the blanket market is bifurcated into regular blanket and electric blanket. The electric blanket segment constituted a significant market share in 2020 and is projected to expand at a rapid rate during the forecast period. Increasing benefits and additional technological features of electric blankets such as battery power with USB socket and mobile charging outlets that are light in weight, along with other features such as washable in machine, robust in nature, and waterproof attract the attention of individuals.

High demand for cotton blankets to drive the market

Based on materials, the blanket market is fragmented into wool, polyester, and cotton. The cotton segment is anticipated to expand at a rapid rate during the forecast period, owing to increasing demand for blankets of soft and plush material that are light in weight and easy to carry as well. Electric blankets are covered with cotton sheets, which are removed and washed easily.

Multiple benefits of online channel to drive the market

On the basis of distribution channels, the blanket market is segregated into online and offline. The online segment is expected to hold a significant share of the market during the forecast period, due to increasing consumer engagement on social media platforms. Development in technology and domestic and international business on online platforms increased drastically. Social media allows customers to explore multiple variety and category of blankets on various platforms where they compare, buy, and explore a variety of blanket patterns in terms of colors, patterns, and shades, which helps them to purchase accordingly. Additionally, detailed information about the blanket and its specification are displayed on the e-commerce platform, which attracts the attention of consumers.

Increasing preference of consumers towards blankets for household applications to drive the market

Based on applications, the blanket market is fragmented into hospital, household, hotel, and others. The household segment is anticipated to expand at a rapid rate during the forecast period, owing to increasing preference of consumers towards blankets of high quality and latest technology for use in households.

High demand for luxurious blankets by residential end-users to drive the market

On the basis of end-users, the blanket market is bifurcated into residential and commercial. The residential segment is anticipated to expand at a rapid rate during the forecast period.

Increasing trend of luxurious blankets, owing to rising demand for light-weight and soft blankets, is anticipated to boost the blanket market. It is associated with the rising urbanization, changing lifestyle, and increasing adoption of decorative blankets.

Rising adoption of electric blankets in North America to drive the market

In terms of regions, the global blanket market is split into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America constituted a significant share of the market in 2020, due to mergers and acquisitions conducted by key market players. Moreover, rising adoption of blankets in hotels and hospitality industries and increasing penetration of electric blankets in North America boosted the market in the region.

Segments

By Types

Regular Blanket
Electric Blanket

By Materials

Wool
Polyester
Cotton

By Distribution Channels

Online
Offline

By Applications

Hospital
Household
Hotel
Others

By End-users

Residential
Commercial

By Regions

North America
Europe
Latin America
Asia Pacific
Middle East & Africa

By Key Players

Pendleton Woolen Mills
Urbanara
Faribault Woolen Mill
Biddeford Blankets LLC
Hudson’s BayCompany (HBC)
American Blanket Company
Medline industries,Inc.
Kanata Blanket Co

Competitive Landscape

Key players in the global blanket market include Pendleton Woolen Mills, Urbanara, Faribault Woolen Mill, Biddeford Blankets LLC, Hudson’s BayCompany (HBC), American Blanket Company, Medline industries,Inc., and Kanata Blanket Co. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Blanket Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Blanket Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Blanket Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Blanket Market - Supply Chain
  4.5. Global Blanket Market Forecast
     4.5.1. Blanket Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Blanket Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Blanket Market Absolute $ Opportunity
5. Global Blanket Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Blanket Market Size and Volume Forecast by Types
     5.3.1. Regular Blanket
     5.3.2. Electric Blanket
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Blanket Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Blanket Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Blanket Demand Share Forecast, 2019-2026
7. North America Blanket Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Blanket Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Blanket Market Size and Volume Forecast by Types
     7.4.1. Regular Blanket
     7.4.2. Electric Blanket
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Blanket Demand Share Forecast, 2019-2026
8. Latin America Blanket Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Blanket Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Blanket Market Size and Volume Forecast by Types
     8.4.1. Regular Blanket
     8.4.2. Electric Blanket
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Blanket Demand Share Forecast, 2019-2026
9. Europe Blanket Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Blanket Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Blanket Market Size and Volume Forecast by Types
     9.4.1. Regular Blanket
     9.4.2. Electric Blanket
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Blanket Demand Share Forecast, 2019-2026
10. Asia Pacific Blanket Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Blanket Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Blanket Market Size and Volume Forecast by Types
     10.4.1. Regular Blanket
     10.4.2. Electric Blanket
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Blanket Demand Share Forecast, 2019-2026
11. Middle East & Africa Blanket Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Blanket Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Blanket Market Size and Volume Forecast by Types
     11.4.1. Regular Blanket
     11.4.2. Electric Blanket
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Blanket Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Blanket Market: Market Share Analysis
  12.2. Blanket Distributors and Customers
  12.3. Blanket Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Pendleton Woolen Mills
     12.4.2. Urbanara
     12.4.3. Faribault Woolen Mill
     12.4.4. Biddeford Blankets LLC
     12.4.5. Hudson’s BayCompany (HBC)
     12.4.6. American Blanket Company
     12.4.7. Medline industries,Inc.