The blanket market share is expected to increase by USD 1.66 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.97%.

This blanket market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers blanket market segmentation by distribution channel (offline and online) and geography (APAC, North America, Europe, MEA, and South America). The blanket market report also offers information on several market vendors, including American Blanket Co., Boll and Branch LLC, Faribault Woolen Mill Co., Harshit International, Kanata Blanket Co., Medline Industries Inc., New Zealand Wool Blankets Ltd., Newell Brands Inc., Pendleton Woolen Mills Inc., and Urbanara GmbH among others.

What will the Blanket Market Size be During the Forecast Period?

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"Rising consumer awareness regarding quality sleep and appropriate bedding materials, including blankets, in the region is also boosting the growth of the market in focus in the region during the forecast period."

Blanket Market: Key Drivers and Trends

The growing residential and commercial construction market is notably driving the blanket market growth, although factors such as the seasonality of blankets limits the revenue growth may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the blanket industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Blanket Market Driver

The rise in the global housing market is one of the key drivers for the blanket market growth. The residential purchases has grown significantly in developing countries, boosting the new residential constructions. The majority of the blankets are sold among end-users in the residential and commercial sectors such as hospitals and hotels. Hence, the growth in construction in the residential and commercial sectors is expected to drive the demand for blankets, boosting the market growth during the forecast period.

Key Blanket Market Challenge

The seasonal use of blankets is a key challenge for the blanket market growth. The global blanket market has a limited time sales period during the winter season. However, the manufacturers invest extensively in the designing, R&D, and promoting products. Thus, the limited scope for sales is estimated to hamper the global blanket market growth during the forecast period.

This blanket market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Market Overview

The parent global home furnishings market covers products and companies engaged in manufacturing/marketing furniture, home textiles, floor coverings, and decorative products. The global blanket market was a fragmented industry that was in a phase of growth in 2021. By 2026, the market structure would continue to be fragmented. Its lifecycle stage would continue to be in the growth phase.

Who are the Major Blanket Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• American Blanket Co.
• Boll and Branch LLC
• Faribault Woolen Mill Co.
• Harshit International
• Kanata Blanket Co.
• Medline Industries Inc.
• New Zealand Wool Blankets Ltd.
• Newell Brands Inc.
• Pendleton Woolen Mills Inc.
• Urbanara GmbH

This statistical study of the blanket market encompasses successful business strategies deployed by the key vendors. The blanket market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The blanket market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Blanket Market?

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37% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for blanket market in APAC. Market growth in this region will be faster than the growth of the market in the rest of the regions.

The increase in the preference for premium blankets will facilitate the blanket market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Distribution Channel Segments in the Blanket Market?

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The blanket market share growth by the offline segment will be significant during the forecast period. The offline market facilitates the consumers to have an easy inspection for the quality and material of the products. Moreover, the outlets selling blankets create a unique experience for the customers such as offering discounts, product replacement facilities, and warranty schemes in case of defects. Thus, the offline sales segment is expected to drive the global blanket market growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the blanket market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Blanket Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive blanket market growth during the next five years
• Precise estimation of the blanket market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the blanket industry across APAC, North America, Europe, MEA, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of blanket market vendors

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