The blanket market is predicted to be worth US$ 8.3 billion in 2023 and US$ 13.9 billion by 2033, with a strong CAGR of 5.3% over the forecast period.
In the US, premium and luxury goods are in high demand, particularly among working-class residents in residential neighbourhoods. Because of this, a compound annual growth rate (CAGR) of more than ~4% is predicted for the blanket market.Furthermore, the United States is experiencing a surge in home ownership due to changing lifestyles and urbanisation, which is expected to drive development in the sales volume of the blanket market.
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Key Points Covered in Blanket Market Survey
- Market estimates and forecast 2013-2027
- Key drivers and restraints impacting market growth
- Segment-wise, Country-wise, and Region-wise Analysis
Besides launching eco-friendly products, companies are partnering with environmental protection groups to promote cruelty-free and chemical-free manufacturing. Such efforts undertaken by various organizations such as Shades of Green, Boll & Branch, and Pottery Barn are likely to promote sustainable and eco-friendly bedding and help the market grow.
Key Takeaways from the Plush Blanket Market Study
- Full-size blankets are expected to hold the leading revenue share of 21.4% in the market in 2021.
- The U.S. will hold a share 87.7% in North America in 2021, owing to the high penetration of key players in the country.
- India is a key market in South Asia, registering growth at above 10.3% CAGR owing to higher spending on premium products in the country and increasing development in the real estate category.
- Europe will continue showcasing lucrative opportunities for the plush blanket market. Demand in Germany and the U.K. will continue supporting growth in the region.
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Some of the leading players in the market
- Pendleton Woolen Mills
- Urbanara
- Faribault Woolen Mill Co.
- Biddeford Blankets LLC
- Hudson’s Bay Company, Boll & Branch Co.
- American Blanket Company
- Shanghai Easun Group
- Medline Industries Inc.
- Kanata Blanket Company
- Jarden Corporation
- Beurer GmbH
- New Zealand Wool Blankets Ltd.
- Barker Textiles
- UAB Silkeborg
- Morphy Richards Ltd.
Global Blanket Market by Category
By Product Type:
- Electric Blanket
- Regular Blanket
By Material Type:
- Wool
- Cotton
- Polyester
- Others
By End-User:
- Residential
- Commercial
By Sales Channel:
- Wholesalers/ Distributors
- Hypermarkets/ Supermarkets
- Specialty Stores
- Multi-brand Stores
- Independent Small Retailers
- Online Retailers
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
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