What is Global Blankets Market?
The Global Blankets Market is a vast and dynamic sector that encompasses a wide range of products used for warmth and comfort. This market is not limited to a specific region or country but spans across the globe, catering to the needs of various consumer groups. The blankets market includes products made from different materials, designed for various purposes, and available in a multitude of styles and sizes. In 2023, the market's value stood at a whopping US$ 7094.3 million, and it is projected to grow even further. By 2030, experts anticipate that the market value will reach US$ 10480 million, indicating a Compound Annual Growth Rate (CAGR) of 5.7% from 2024 to 2030. This growth is driven by various factors, including technological advancements, evolving consumer preferences, and changing lifestyle trends.
Polyester Blankets, Cotton Blankets, Wool Blankets, Others in the Global Blankets Market:
The Global Blankets Market is segmented based on the material used in the production of the blankets. These include Polyester Blankets, Cotton Blankets, Wool Blankets, and others. Each of these materials has its unique properties and advantages. Polyester blankets, for instance, are known for their durability, easy maintenance, and affordability. Cotton blankets, on the other hand, are popular for their softness, breathability, and natural feel. Wool blankets are favored for their warmth, comfort, and luxurious feel. Other materials used in blanket production include fleece, down, and synthetic fibers. Each of these materials caters to different consumer needs and preferences, contributing to the diversity and dynamism of the global blankets market.
Home Use, Commercial Use, Others in the Global Blankets Market:
The Global Blankets Market also varies based on the usage of the blankets. The primary areas of usage include Home Use, Commercial Use, and others. Home use blankets are those used in residential settings, providing warmth and comfort to individuals and families. These blankets come in various sizes, designs, and materials to cater to the diverse needs and preferences of consumers. Commercial use blankets, on the other hand, are used in various commercial settings such as hotels, hospitals, and other institutions. These blankets are typically more durable and easy to maintain, designed to withstand frequent use and washing. Other areas of blanket usage include outdoor activities, travel, and emergency situations.
Global Blankets Market Outlook:
Looking at the market outlook for the Global Blankets Market, it's clear that this sector is on a growth trajectory. In 2023, the market was valued at US$ 7094.3 million. Fast forward to 2030, and it's expected to reach a staggering US$ 10480 million. This represents a Compound Annual Growth Rate (CAGR) of 5.7% during the forecast period from 2024 to 2030. The market is dominated by Zhejiang Truelove Vogue, which holds approximately 20% of the total market share. This growth and market dominance are indicative of the increasing demand for blankets globally and the success of key players in meeting this demand.
| Report Metric | Details |
| Report Name | Blankets Market |
| Accounted market size in 2023 | US$ 7094.3 million |
| Forecasted market size in 2030 | US$ 10480 million |
| CAGR | 5.7% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Zhejiang Truelove Vogue, Shandong New Silk Road, Pendleton Woolen Mills, IBENA, Lianyungang ZGL, Sunhao Home Textile, Weihai Woollen Fabric Group, Wuxi Joyday Silkroad E-cloud Textile, Berkshire Blanket, Brickle Group, Faribault Woolen Mill, Zhongao BLANKET&CARPET, Gravity Products, Maine Woolens |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
