Blanket Global Market Report 2024

Description

Blankets are versatile textile products designed to provide warmth, comfort, and aesthetic appeal in both residential and commercial environments. Available in a range of materials, sizes, and types, they are commonly utilized in homes, hospitals, and other settings.

The primary types of blankets are electric blankets and regular blankets. Electric blankets use electricity to generate heat, allowing users to adjust the temperature for personalized warmth and comfort. They are particularly popular in colder climates and can help lower energy costs compared to traditional heating methods. Various materials used for blankets include wool, cotton, polyester, and others. They are distributed through different sales channels such as hypermarkets, supermarkets, specialty stores, multi-brand stores, independent retailers, online retailers, and others, and are used by a range of end-users including commercial and residential sectors.

The blankets market research report is one of a series of new reports from The Business Research Company that provides blankets market statistics, including blankets industry global market size, regional shares, competitors with a blanket market share, detailed blanket market segments, market trends, and opportunities, and any further data you may need to thrive in the blankets industry. This blanket research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

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 growth during the historic period can be attributed to the rising demand for home comfort products, the increasing popularity of weighted blankets, a surge in online retail sales, a growing demand for luxury and premium blankets, and the expansion of e-commerce.

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%. The anticipated growth during the forecast period can be attributed to a heightened awareness of eco-friendly products, a rising global demand for decorative blankets, a growing focus on comfort, an increased demand for personalized items, and ongoing urbanization. Major trends for this period include technological advancements, the integration of smart technology, the use of sustainable materials and packaging, and the development of travel-friendly blankets.

The growth of the hospitality industry is anticipated to drive the expansion of the blanket market. The hospitality sector includes a range of services and businesses that cater to travelers and guests with lodging, food and beverage, recreation, and entertainment. This industry is expanding due to increased global travel, rising disposable incomes, and a growing preference for diverse and unique accommodations. Blankets play a crucial role in hotel rooms by providing comfort and warmth, enhancing guest satisfaction, and contributing to a cozy and inviting atmosphere. For example, in January 2023, the American Hotel and Lodging Association, a US-based hotel association, reported a significant rise in hotel occupancy rates to 62.7%, a 9% increase from 2021. Projections suggest this figure will reach 63.8% in 2023. Consequently, the growth of the hospitality industry is fueling the blanket market.

Leading companies in the blanket market are focusing on developing innovative products such as smart electric blankets to improve consumer comfort, convenience, and energy efficiency. Smart electric blankets feature technology that allows for precise temperature control, programmable settings, and integration with smart home systems to enhance comfort and energy efficiency. For instance, in October 2023, Xiaomi Inc., a China-based consumer electronics company, introduced the Mijia Smart Electric Blanket. This blanket offers advanced features and smart home integration, including precise temperature control via a smartphone app, customizable comfort settings remotely, and a quick-heating function for immediate warmth.

In October 2021, Sleep Country Canada Holdings Inc., a Canadian company specializing in mattresses and bedding products, acquired Hush Blankets for an undisclosed amount. This acquisition aims to broaden Sleep Country Canada's product range and strengthen its position in the sleep and wellness market by adding Hush Blankets' innovative weighted blankets and sleep solutions to its portfolio. Hush Blankets is a Canadian manufacturer of high-quality, comfortable, and therapeutic blankets.

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

North America was the largest region in the blanket market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the blanket market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the blanket market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The blanket market consists of sales of weighted blankets, hospital blankets, camping blankets, and baby blankets. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Blanket Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on blanket market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for blanket ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The blanket market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Product Type: Electric Blanket; Regular Blanket
2) By Material Type: Wool; Cotton; Polyester; Other Material Types
3) By Sales Channel: Hypermarkets Or Supermarkets; Specialty Stores; Multi Brand Stores; Independent Stores Retailers; Online Retailers; Other Sale Channels
4) By End User: Commercial; Residential
Companies Mentioned: Walmart Inc.; Medline Industries Inc.; Ralph Lauren Home; Hudson's Bay Company; Pottery Barn
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r19576

1. Executive Summary

2. Blanket Market Characteristics

3. Blanket Market Trends And Strategies

4. Blanket Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Blanket Market Size and Growth

5.1. Global Blanket Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Blanket Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Blanket Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Blanket Market Segmentation

6.1. Global Blanket Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Electric Blanket
Regular Blanket
6.2. Global Blanket Market, Segmentation By Material Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Wool
Cotton
Polyester
Other Material Types
6.3. Global Blanket Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Hypermarkets Or Supermarkets
Specialty Stores
Multi Brand Stores
Independent Stores Retailers
Online Retailers
Other Sale Channels
6.4. Global Blanket Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Commercial
Residential

7. Blanket Market Regional And Country Analysis

7.1. Global Blanket Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Blanket Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Blanket Market

8.1. Asia-Pacific Blanket Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Blanket Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Blanket Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Blanket Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Blanket Market

9.1. China Blanket Market Overview
9.2. China Blanket Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Blanket Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Blanket Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Blanket Market

10.1. India Blanket Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Blanket Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Blanket Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Blanket Market

11.1. Japan Blanket Market Overview
11.2. Japan Blanket Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Blanket Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Blanket Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Blanket Market

12.1. Australia Blanket Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Blanket Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Blanket Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Blanket Market

13.1. Indonesia Blanket Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Blanket Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Blanket Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Blanket Market

14.1. South Korea Blanket Market Overview
14.2. South Korea Blanket Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Blanket Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Blanket Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Blanket Market

15.1. Western Europe Blanket Market Overview
15.2. Western Europe Blanket Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Blanket Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Blanket Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Blanket Market

16.1. UK Blanket Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Blanket Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Blanket Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Blanket Market

17.1. Germany Blanket Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Blanket Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Blanket Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Blanket Market

18.1. France Blanket Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Blanket Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Blanket Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Blanket Market

19.1. Italy Blanket Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Blanket Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Blanket Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Blanket Market

20.1. Spain Blanket Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Blanket Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Blanket Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Blanket Market

21.1. Eastern Europe Blanket Market Overview
21.2. Eastern Europe Blanket Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Blanket Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Blanket Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Blanket Market

22.1. Russia Blanket Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Blanket Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Blanket Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Blanket Market

23.1. North America Blanket Market Overview
23.2. North America Blanket Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Blanket Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Blanket Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Blanket Market

24.1. USA Blanket Market Overview
24.2. USA Blanket Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Blanket Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Blanket Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Blanket Market

25.1. Canada Blanket Market Overview
25.2. Canada Blanket Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Blanket Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Blanket Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Blanket Market

26.1. South America Blanket Market Overview
26.2. South America Blanket Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Blanket Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Blanket Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Blanket Market

27.1. Brazil Blanket Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Blanket Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Blanket Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Blanket Market

28.1. Middle East Blanket Market Overview
28.2. Middle East Blanket Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Blanket Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Blanket Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Blanket Market

29.1. Africa Blanket Market Overview
29.2. Africa Blanket Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Blanket Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Blanket Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Blanket Market Competitive Landscape And Company Profiles

30.1. Blanket Market Competitive Landscape
30.2. Blanket Market Company Profiles
- 30.2.1. Walmart Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Medline Industries Inc.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Ralph Lauren Home
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Hudson's Bay Company
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Pottery Barn
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Blanket Market Other Major And Innovative Companies

31.1. Eddie Bauer LLC
31.2. Nautica Home
31.3. Beurer GmbH
31.4. Pendleton Woolen Mills
31.5. Silentnight Group Limited
31.6. WestPoint Home
31.7. Jarden Corporation
31.8. BUDDEMEYER S/A
31.9. Boll & Branch Co.
31.10. Mellanni Fine Linens
31.11. American Blanket Company
31.12. URBANARA GmbH
31.13. Qbedding.com
31.14. Cuddledown Inc.
31.15. Faribault Woolen Mill Co.

32. Global Blanket Market Competitive Benchmarking

33. Global Blanket Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Blanket Market

35. Blanket Market Future Outlook and Potential Analysis

35.1 Blanket Market In 2028 - Countries Offering Most New Opportunities
35.2 Blanket Market In 2028 - Segments Offering Most New Opportunities
35.3 Blanket Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer