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Blanket Global Market Forecasted to Reach $10.01 Billion by 2028, Size, Share, Trends, Development Strategies and Segmentation Analysis
Blanket Market
As per the report, the blanket market size has grown steadily in recent years. It will grow from $7.77 billion in 2023 to $8.14 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The blanket market size is expected to see strong growth in the next few years. It will grow to $10.01 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%.
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What Is Driving The Growth Of The Global Blanket Market?
The Rise Of The Hotel Industry Fuels Growth In The Blanket Market
The expansion of the hospitality industry is expected to propel the growth of the blanket market going forward. The hospitality industry encompasses various services and businesses that provide travelers and guests with lodging, food and beverage, recreation, and entertainment. The expansion of the hospitality industry is due to a surge in global travel, rising disposable incomes, and a growing demand for diverse and unique accommodations. Blankets are used in the hotel rooms to offer comfort and warmth, enhance guest satisfaction, and contribute to a cozy and inviting atmosphere.
What Is The Key Trend In The Global Blanket Market?
Innovative Smart Electric Blankets Revolutionize The Blanket Market
Major companies operating in the blanket market are focused on developing innovative products, such as smart electric blankets, to enhance consumers' comfort, convenience, and energy efficiency. Smart electric blankets are advanced bedding products with technology that allows for precise temperature control, programmable settings, and integration with smart home systems to enhance comfort and energy efficiency.
How Is The Global Blanket Market Segmented?
The blanket market covered in this report is segmented -
1) By Product Type: Electric Blanket, Regular Blanket
2) By Material Type: Wool, Cotton, Polyester, Other Material Types
3) By Sales Channel: Hyper markets Or Super markets, Specialty Stores, Multi Brand Stores, Independent Stores Retailers, Online Retailers, Other Sale Channels
4) By End User: Commercial, Residential
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How Is The Competitive Landscape Of The Global Blanket Market?
Major companies operating in the blanket market are Walmart Inc., Medline Industries Inc., Ralph Lauren Home, Hudson's Bay Company, Pottery Barn, Eddie Bauer LLC, Nautica Home, Beurer GmbH, Pendleton Woolen Mills, Silentnight Group Limited, WestPoint Home, Jarden Corporation, BUDDEMEYER S/A, Boll & Branch Co., Mellanni Fine Linens, American Blanket Company, URBANARA GmbH, Qbedding.com, Cuddledown Inc., Faribault Woolen Mill Co., Morphy Richards Ltd., Biddeford Blankets LLC, Chellco Industries Limited, Kanata Blanket Company
Contents Of The Global Blanket Market
1. Executive Summary
2. Blanket Market Report Structure
3. Blanket Market Trends And Strategies
4. Blanket Market - Macro Economic Scenario
5. Blanket Market Size And Growth
…..
27. Blanket Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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