19 February 2019:
Blanket
Market was million US$ in 2018 and is expected to million US$ by
the end of 2024, growing at a CAGR of between 2019 and 2024.This report studies
the Blanket market size (value and volume) by players, regions, product types
and end industries, history data 2014-2018 and forecast data 2019-2024; This
report also studies the global Blanket market competition landscape, market
drivers and trends, opportunities and challenges, risks and entry barriers,
sales channels, distributors and Porter's Five Forces Analysis.
The Blanket Market is subject to witness a substantial
growth due to the growing consumer awareness, wide range of prices and design
available in the market. Introduction of electric blankets are expected to
attract more customers, thus boosting overall sale of the product.
Increase in number of advantages associated with the product
coupled with growing population are some of key driving factors for the
sustained growth of market, in the recent years. Globally, the market is
predicted to generate massive revenue over the next seven years, providing
numerous opportunities for market players to invest for further development in
the blanket market.
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Increase in spending by consumers and improved living
standards in both developing and underdeveloped economies across the globe are
expected to favor market growth over the forecast period. Blanket provides
necessary warmth, particularly in the winter, and are properly insulated.
Introduction of electric blanket is gaining wide recognition in the Asia
Pacific and North America region, thus expanding overall market reach of the
blanket industry. Increasing consumer preference towards electric blanket is
attributed to the numerous benefits that allow consumers to access multiple
features and deliver maximum comfort.
Increasing investment by international manufacturers has led
to development of innovative features such as waterproof blankets;
battery-powered blankets that consists of mobile chargeable sockets are
expected to offer lucrative growth opportunities in upcoming years. Addition of
lightweight, durable, machine washable and water resistant blanket are
estimated to drive more consumer in the near future as well.
Furthermore, exclusive features such as machine washable and
stain resistant blankets make, which are friendlier and comfortable to users,
are gaining traction in the end-user market in the recent years. Increasing demand
form countries with extreme weather condition are propelling market demand for
blanket over the forecast period.
The key players in the blanket market are Hudson's Bay
Company, Honeywell International Inc., American Blanket Company, Kanata Blanket
Co., Boll & Branch Co., and Shanghai Easun Group Imp & Exp Co., Ltd.
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Blanket Market by
Geographical Regions:-
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
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