(MENAFN- The Express Wire) The report will include key players such as Hudson's Bay Company, URBANARA GmbH, American Blanket Company, Medline Industries Inc., Pendleton Woolen Mills, Biddeford Blankets LLC, Shanghai Easun Group, Chellco Industries Limited, Jarden Corporation, and others.
The worldwide blanket market size is expanding at a substantial rate, led by the expansion of hospitality and travel and tourism sectors. Hotels and homestays are investing in high-quality blankets and other supplies to offer comfortable and reliable customer service to customers. Growing number of hotels and lodging services led by the growth of travel and tourism industry will propel the market growth, says Fortune Business InsightsTM in its upcoming report titled “Blanket Market , 2023-2030."
Report Coverage
The report offers:
Major growth drivers, restraining factors, opportunities, and potential challenges for the market. Comprehensive insights into the regional developments. List of major industry players. Key strategies adopted by the market players. Latest industry developments such as product launches, partnerships, mergers, and acquisitions.
Get a Sample PDF Brochure:
Fortune Business InsightsTM lists out all the blanket market companies that are presently striving to reduce the impact of the Covid-19 pandemic on the market:
Hudson's Bay Company (Canada) URBANARA GmbH (Germany) American Blanket Company (U.S.) Medline Industries Inc. (U.S.) Pendleton Woolen Mills (U.S.) Biddeford Blankets LLC (U.S.) Shanghai Easun Group (China) Chellco Industries Limited (Nigeria) Jarden Corporation (U.S.)
Drivers and Restraints :
Hospitality and Travel and Tourism Sectors to Present Lucrative Opportunities
Blanket market growth is driven by the expansion of hospitality and travel and tourism sectors. Hotels and homestays are investing in high-quality blankets and other supplies to offer comfortable and reliable customer service to customers. Growing number of hotels and lodging services led by the growth of travel and tourism industry will propel the market growth in the forthcoming years.
However, uncertainty surrounding the COVID-19 pandemic along with several other factors may affect the market.
Regional Insights :
North America to Lead Global Market Share Led by Innovative Product Launches
North America dominated the worldwide blanket market share in 2021 and will continue to show similar trends over the projected period. The regional demand is driven by cold climatic conditions in Canada and other parts of North America. Growing urbanization and changing lifestyles have increased the demand for innovative blankets. The American Textile Company reported in March 2021 that 'Tranquility' weighted blankets were America's No.1 selling brand in the category. Consumers have appreciated the company's innovative approaches, which has been a key factor making Tranquility the best-selling brand in the U.S.
Other key markets, including Europe and Asia Pacific, are anticipated to record substantial growth during 2023-2030.
Market Segments:
By material type, the market share is trifurcated into polyester, cotton, and wool.
In terms of application, the market share is bifurcated into household and commercial.
Based on the distribution channel, the market share is segmented into offline and online.
Geographically, the market share is divided into North America, South America, Asia Pacific, Europe, and the Middle East and Africa.
Inquire Before Buying This Research Report:
Competitive Landscape
Market Players Focus on New Product Launches to Strengthen Market Position
Leading players are adopting various strategies to expand their presence in the market. These include RandD investments and launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.
Blanket Market Size Highlights of the Report:
Market Penetration: Comprehensive information on the product portfolios of the top players in the Blanket market. Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Blanket market
The GlobalBlanket Market Research/Analysis Report Contains Answers to your following questions:
Which Manufacturing Technology is used forBlanket? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments? Who Are the Global Key Players in ThisBlanket Market? What are Their Company Profile, Their Product Information, and Contact Information? What Was Global Market Status ofBlanket Market? What Was Capacity, Production Value, Cost and PROFIT ofBlanket Market? What Is Current Market Status ofBlanket Industry? What's Market Competition in This Industry, Both Company, and Country Wise? What's Market Analysis ofBlanket Market Trends by Taking Applications and Types in Consideration? What Are Projections of GlobalBlanket Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export? What IsBlanket Market Chain Analysis by Upstream Raw Materials and Downstream Industry? What Is Economic Impact OnBlanket Industry? What are GlobalBlanket Analysis Results? What Are GlobalBlanket Development Trends? What Are Market Dynamics ofBlanket Market? What Are Challenges and Opportunities? What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels forBlanket Industry?
Notable Industry Development:
July 2021: Bearaby unveiled Travel Napper a weighted travel blanket. Weighing just 10 Lbs, the blanket is suitable for traveling in trains, flights, and other public transportation.
Ask for Customization:
About Us:
Fortune Business InsightsTM offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Contact Us:
Fortune Business InsightsTM Pvt. Ltd.
9th Floor, Icon Tower,
Baner - Mahalunge Road,
Baner, Pune-411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email :
fortune business insightstm
linkedin | twitter | blogs
Press Release Distributed by the express wire
To view the original version on The Express Wire visit blanket market investment opportunities, industry analysis, size future trends, business demand, growth and forecast 2030