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Blanket Market by Distribution Channel and Geography - Forecast and Analysis 2022-2026

  • Published: Dec 2021
  • Pages: 120
  • SKU: IRTNTR71834
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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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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.

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.

 

Blanket Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 3.97%

Market growth 2022-2026

$ 1.66 billion

Market structure

Fragmented

YoY growth (%)

3.88

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 37%

Key consumer countries

China, US, India, Germany, and Canada

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

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

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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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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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Distribution channel

    • Market segments
    • Comparison by Distribution channel
    • Offline - Market size and forecast 2021-2026
    • Online - Market size and forecast 2021-2026
    • Market opportunity by Distribution channel

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2021-2026
      • North America - Market size and forecast 2021-2026
      • Europe - Market size and forecast 2021-2026
      • MEA - Market size and forecast 2021-2026
      • South America - Market size and forecast 2021-2026
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • 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

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The blanket market growth will increase by $1660.99 million during 2021-2026.
      The blanket market is expected to grow at a CAGR of 3.97% during 2021-2026.
      Technavio has segmented the blanket market by distribution channel (Offline and Online) and geographic (APAC, North America, Europe, MEA, and South America).
      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 are a few of the key vendors in the blanket market.
      APAC will register the highest growth rate of 36.56% among the other regions. Therefore, the blanket market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      • China
      • US
      • India
      • Germany
      • Canada
      The key factors driving the blanket market growth are:
      • Growing residential and commercial construction market
      The blanket market vendors should focus on grabbing business opportunities from the offline segment as it accounted for the largest market share in the base year.
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