Woolen Blanket Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

Published: Jan 2022

Pages: 120

SKU: IRTNTR72104

Snapshot

The woolen blanket market share is expected to increase by USD 419.28 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 2.55%.

This woolen 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 woolen blanket market segmentation by end-user (residential and commercial) and geography (APAC, Europe, North America, MEA, and South America). The woolen blanket market report also offers information on several market vendors, including AUMORE WOOL PTY LTD., Barker Textiles UAB, Faribault Woolen Mill Co., FelinFach Natural Textiles, MiniJumbuk, New Zealand Wool Blankets Ltd., Pendleton Woolen Mills Inc., Target Corp., The Tartan Blanket Co., and Urbanara GmbH among others.

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

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Woolen Blanket Market: Key Drivers, Trends, and Challenges

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

Key Woolen Blanket Market Driver

One of the key factors driving growth in the woolen blanket market is the benefits provided by woolen blankets. Wool provides several benefits, which drive its adoption. Some of the benefits of wool include flame resistance, soil and stain resistance, non-toxicity, hypoallergenic, breathability, dust and mite resistance, and durability. Wool is a breathable fiber and provides instant warmth compared with synthetic material. In addition, woolen blankets are ideal for windy and snowy weather. Wool is a highly durable fiber and is easy to clean. Therefore, woolen blankets need very little washing or laundry. It also dries quickly. As woolen blankets wick moisture away, they act as a barrier against the growth of dust mites. Thus, the benefits provided by woolen blankets are expected to be prominent factors driving the growth of the market.

Key Woolen Blanket Market Trend

The advent of organic-certified woolen blankets is another factor supporting the woolen blanket market share growth. Consumers globally are increasingly concerned about the consumption of animal-based consumer goods and products. Such developments influence the decision-making pattern of consumers, especially in developed countries such as the US and the UK. For wool to be certified as organic in the US, it must be produced in accordance with federal standards for organic livestock production as described in the US Department of Agriculture's National Organic Standards. Increasing consumer awareness about animal sustainability and ethical manufacturing of textiles are key factors that are expected to impact the global woolen blanket market. The trend of using organic-certified wool for making woolen blankets is expected to garner momentum with more vendors trying to use certified wool for making woolen blankets.

Key Woolen Blanket Market Challenge

The lack of an addressable market will be a major challenge for the woolen blanket market during the forecast period. Even though woolen blankets provide several advantages, the addressable market remains a major challenge for market growth. The sale of woolen blankets in countries with tropical climates is a major challenge. A tropical climate can be briefly stated as a non-arid climate having a temperature warmer than 18 °C (64 °F) throughout the year. Tropical climates are frost-free, and the changes in the solar angle are relatively small. In tropical countries, the hot weather lasts for at least seven to eight months, which is considered as the slack period for the global woolen blanket market. Therefore, the woolen textile industry is a seasonal phenomenon in these countries, which poses a challenge for the growth of the woolen blanket market in these tropical countries

This woolen 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 2021-2025.

Parent Market Analysis

Technavio categorizes the global woolen blanket market as a part of the global textiles market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the woolen blanket market during the forecast period.

Who are the Major Woolen Blanket Market Vendors?

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

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

Product Insights and News

AUMORE WOOL PTY LTD. - The company offers woolen blankets such as Aumore Underblankets.

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 woolen 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.

Woolen Blanket Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the woolen blanket market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the textiles market includes the following core components:

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Woolen Blanket Market?

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55% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for woolen blankets in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The presence of leading wool-producing countries such as Australia, New Zealand, China, and India will facilitate the woolen 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.

COVID Impact and Recovery Analysis

In 2020, the COVID-19 pandemic had a negative impact on the regional woolen blanket market. In 2020, amid the peak of the COVID-19 outbreak in China, the wool processing plants in the country were shut or ran at a fraction of the usual capacity. This had a significant impact on demand and pricing for Australian wool. As per auction results, the benchmark price for Australian merino wool fell to $6.1 in September 2020, which was lower than 2019. In 2021, as wool production stabilized in the major wool exporting countries of Australia New Zealand, the demand for woolen blankets rebounded in the region. These factors will contribute to the growth of the regional woolen blanket market during the forecast period.

What are the Revenue-generating End-user Segments in the Woolen Blanket Market?

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The woolen blanket market share growth by the residential segment will be significant during the forecast period. The growth of the residential sector is closely linked to economic conditions as financial constraints limit product purchases; consumers postpone buying non-essential items until they have adequate disposable income. However, the positive economic outlook in emerging as well as developed economies are expected to drive the growth of the residential sector. Further, the growth of e-commerce and the expansion of the online retailing industry are other key drivers affecting the demand for woolen blankets by the residential sector.

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

Woolen Blanket Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 2.55%
Market growth 2021-2025	$ 419.28 million
Market structure	Fragmented
YoY growth (%)	1.93
Regional analysis	APAC, Europe, North America, MEA, and South America
Performing market contribution	APAC at 55%
Key consumer countries	China, US, Germany, Japan, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	AUMORE WOOL PTY LTD., Barker Textiles UAB, Faribault Woolen Mill Co., FelinFach Natural Textiles, MiniJumbuk, New Zealand Wool Blankets Ltd., Pendleton Woolen Mills Inc., Target Corp., The Tartan Blanket Co., 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 the 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 Woolen Blanket Market Report?

CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will drive woolen blanket market growth during the next five years
Precise estimation of the woolen blanket market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the woolen blanket industry across APAC, Europe, North America, 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 woolen blanket market vendors

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Table of Contents

***1. Executive Summary

**1.1 Market Overview

*Exhibit 01: Key Finding 1

*Exhibit 02: Key Finding 2

*Exhibit 03: Key Finding 3

*Exhibit 04: Key Finding 5

*Exhibit 05: Key Finding 6

*Exhibit 06: Key Finding 7

*Exhibit 07: Key Finding 8

***2. Market Landscape

**2.1 Market ecosystem

*Exhibit 08: Parent market

*Exhibit 09: Market characteristics

**2.2 Value chain analysis

*Exhibit 10: Value chain analysis

*2.2.1 Inputs

*2.2.2 Inbound logistics

*2.2.3 Operations

*2.2.4 Outbound logistics

*2.2.5 Marketing and sales

*2.2.6 Services

*2.2.7 Innovations

***3. Market Sizing

**3.1 Market definition

*Exhibit 11: Offerings of vendors included in the market definition

**3.2 Market segment analysis

*Exhibit 12: Market segments

**3.3 Market size 2020

**3.4 Market outlook: Forecast for 2020 - 2025

*Exhibit 13: Global - Market size and forecast 2020 - 2025 ($ million)

*Exhibit 14: Global market: Year-over-year growth 2020 - 2025 (%)

***4. Five Forces Analysis

**4.1 Five Forces Summary

*Exhibit 15: Five forces analysis 2020 & 2025

**4.2 Bargaining power of buyers

*Exhibit 16: Bargaining power of buyers

**4.3 Bargaining power of suppliers

*Exhibit 17: Bargaining power of suppliers

**4.4 Threat of new entrants

*Exhibit 18: Threat of new entrants

**4.5 Threat of substitutes

*Exhibit 19: Threat of substitutes

**4.6 Threat of rivalry

*Exhibit 20: Threat of rivalry

**4.7 Market condition

*Exhibit 21: Market condition - Five forces 2020

***5. Market Segmentation by Deployment

**5.1 Market segments

*The segments covered in this chapter are:

*Residential
*Commercial

*Exhibit 22: End-user - Market share 2020-2025 (%)

**5.2 Comparison by End-user

*Exhibit 23: Comparison by End-user

**5.3 Residential - Market size and forecast 2020-2025

*Exhibit 24: Residential - Market size and forecast 2020-2025 ($ million)

*Exhibit 25: Residential - Year-over-year growth 2020-2025 (%)

**5.4 Commercial - Market size and forecast 2020-2025

*Exhibit 26: Commercial - Market size and forecast 2020-2025 ($ million)

*Exhibit 27: Commercial - Year-over-year growth 2020-2025 (%)

**5.5 Market opportunity by End-user

*Exhibit 28: Market opportunity by End-user

***6. Customer landscape

*Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

**6.1 Overview

*Exhibit 29: Customer landscape

***7. Geographic Landscape

**7.1 Geographic segmentation

*The regions covered in the report are:

*APAC
*Europe
*North America
*MEA
*South America

*Exhibit 30: Market share by geography 2020-2025 (%)

**7.2 Geographic comparison

*Exhibit 31: Geographic comparison

**7.3 APAC - Market size and forecast 2020-2025

*Exhibit 32: APAC - Market size and forecast 2020-2025 ($ million)

*Exhibit 33: APAC - Year-over-year growth 2020-2025 (%)

**7.4 Europe - Market size and forecast 2020-2025

*Exhibit 34: Europe - Market size and forecast 2020-2025 ($ million)

*Exhibit 35: Europe - Year-over-year growth 2020-2025 (%)

**7.5 North America - Market size and forecast 2020-2025

*Exhibit 36: North America - Market size and forecast 2020-2025 ($ million)

*Exhibit 37: North America - Year-over-year growth 2020-2025 (%)

**7.6 MEA - Market size and forecast 2020-2025

*Exhibit 38: MEA - Market size and forecast 2020-2025 ($ million)

*Exhibit 39: MEA - Year-over-year growth 2020-2025 (%)

**7.7 South America - Market size and forecast 2020-2025

*Exhibit 40: South America - Market size and forecast 2020-2025 ($ million)

*Exhibit 41: South America - Year-over-year growth 2020-2025 (%)

**7.8 Key leading countries

*Exhibit 42: Key leading countries

**7.9 Market opportunity by geography

*Exhibit 43: Market opportunity by geography ($ million)

***8. Drivers, Challenges, and Trends

**8.1 Market drivers

*8.1.1 Benefits provided by woolen blankets

*8.1.2 Growth of tourism sector

*8.1.3 Increasing demand from emerging economies

**8.2 Market challenges

*8.2.1 Lack of addressable market

*8.2.2 Environmental impact of wool industry

*8.2.3 Availability of several substitutes

*Exhibit 44: Impact of drivers and challenges

**8.3 Market trends

*8.3.1 Advent of organic-certified woolen blanket

*8.3.2 Advent of electric blanket

*8.3.3 Rising trend of centralized air conditioners

***9. Vendor Landscape

**9.1 Competitive Scenario

**9.2 Overview

*Exhibit 45: Vendor landscape

**9.3 Landscape disruption

*Exhibit 46: Landscape disruption

*Exhibit 47: Industry risks

***10. Vendor Analysis

**10.1 Vendors covered

*Exhibit 48: Vendors covered

**10.2 Market positioning of vendors

*Exhibit 49: Market positioning of vendors

**10.3 AUMORE WOOL PTY LTD.

*Exhibit 50: AUMORE WOOL PTY LTD. - Overview

*Exhibit 51: AUMORE WOOL PTY LTD. - Product and service

*Exhibit 52: AUMORE WOOL PTY LTD. - Key offerings

**10.4 Barker Textiles UAB

*Exhibit 53: Barker Textiles UAB - Overview

*Exhibit 54: Barker Textiles UAB - Product and service

*Exhibit 55: Barker Textiles UAB - Key offerings

**10.5 Faribault Woolen Mill Co.

*Exhibit 56: Faribault Woolen Mill Co. - Overview

*Exhibit 57: Faribault Woolen Mill Co. - Product and service

*Exhibit 58: Faribault Woolen Mill Co. - Key offerings

**10.6 FelinFach Natural Textiles

*Exhibit 59: FelinFach Natural Textiles - Overview

*Exhibit 60: FelinFach Natural Textiles - Product and service

*Exhibit 61: FelinFach Natural Textiles - Key offerings

**10.7 MiniJumbuk

*Exhibit 62: MiniJumbuk - Overview

*Exhibit 63: MiniJumbuk - Product and service

*Exhibit 64: MiniJumbuk - Key offerings

**10.8 New Zealand Wool Blankets Ltd.

*Exhibit 65: New Zealand Wool Blankets Ltd. - Overview

*Exhibit 66: New Zealand Wool Blankets Ltd. - Product and service

*Exhibit 67: New Zealand Wool Blankets Ltd. - Key offerings

**10.9 Pendleton Woolen Mills Inc.

*Exhibit 68: Pendleton Woolen Mills Inc. - Overview

*Exhibit 69: Pendleton Woolen Mills Inc. - Product and service

*Exhibit 70: Pendleton Woolen Mills Inc. - Key offerings

**10.10 Target Corp.

*Exhibit 71: Target Corp. - Overview

*Exhibit 72: Target Corp. - Business segments

*Exhibit 73: Target Corp.- Key news

*Exhibit 74: Target Corp. - Key offerings

*Exhibit 75: Target Corp. - Segment focus

**10.11 The Tartan Blanket Co.

*Exhibit 76: The Tartan Blanket Co. - Overview

*Exhibit 77: The Tartan Blanket Co. - Product and service

*Exhibit 78: The Tartan Blanket Co. - Key offerings

**10.12 Urbanara GmbH

*Exhibit 79: Urbanara GmbH - Overview

*Exhibit 80: Urbanara GmbH - Product and service

*Exhibit 81: Urbanara GmbH - Key offerings

***11. Appendix

**11.1 Scope of the report

*11.1.1 Market definition

*11.1.2 Objectives

*11.1.3 Notes and caveats

**11.2 Currency conversion rates for US$

*Exhibit 82: Currency conversion rates for US$

**11.3 Research Methodology

*Exhibit 83: Research Methodology

*Exhibit 84: Validation techniques employed for market sizing

*Exhibit 85: Information sources

**11.4 List of abbreviations

*Exhibit 86: List of abbreviations

Methodology

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.

INFORMATION 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

DATA 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

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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