Global Blanket Market Overview:
The term "blanket" refers to a large piece of fabric or covering material that is used to keep warm, provide comfort, or decorate a bed and sofa. Blankets can be made from a variety of materials, including wool, cotton, and synthetic fibers. They come in a range of sizes, colors, and patterns, and can be used for many different purposes, such as providing warmth on a cold night, adding color and texture to a room, or even as a decorative throw for a couch or chair. Blankets have been used for centuries in various cultures around the world, and are a common household item in many homes.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Demand for Modern Blankets as Excellent Decorative Accessories that Carry Comfort, Style, and Warmth and Upsurging Demand due to the Advent of E-commerce and Online Shopping
Market Growth Drivers:
High Durability and Long Lasting and Growing Adoption of Blankets in the Commercial Sector Including Military & Defense, Travel & Hospitality Among Others
Challenges:
Intense Competition Among Players in The Market
Restraints:
Increasing Raw material costs
Opportunities:
Increase in Disposable Income in Low and Middle-Income Countries and Growing Consumer Awareness and Launch of the New Blankets with High Quality
Competitive Landscape:
The industry is fragmented because local manufacturing companies are highly concentrated in developing countries such as China and India. These countries are not only rich in cotton, but mink farming also flourished in them. In addition, manufacturers experimented with polyester and innovated different products to suit different climates and prices.
Some of the key players profiled in the report are American Blanket Company (United States), Amritsar Swadeshi Textile Corporation Pvt. Ltd. (India), Chellco Industries Limited (Nigeria), Geetanjali Woollens Pvt. Ltd. (India), Pendleton Woolen Mills (United States), Garnet Hill (United States), Woolrich (United States), Jindal Woollen Industries Ltd. (India), Prakash Woollen & Synthetic Mills Limited (India) and Youngman Woollen Mills Private Limited (India). Analyst at AMA Research see United States Vendors to retain maximum share of Global Blanket market by 2028.
Latest Market Insights:
In 2018, Woolrich, Inc. was acquired by the investment firm L-GAM Advisors Sarl. The acquisition was aimed at supporting Woolrich's growth strategy and expanding its distribution channels.
In July 2021, Bearaby launched the Travel Nap, a weighted travel blanket that can be worn while traveling. The 10 kg travel blanket is suitable for transport by flights, trains, and other public transport.
What Can be Explored with the Blanket Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Blanket Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Blanket
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Blanket market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Blanket market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Traders, Distributors, and Suppliers, Manufacturers, Government and Regional Agencies, Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.