Blanket Market to Expand at a CAGR of 4.5% Through 2025: Grand View Research Inc.
The global blanket market size is expected to reach USD 23.3 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.5% over the forecast period.
(firmenpresse) - The global blanket market size is expected to reach USD 23.3 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.5% over the forecast period. Significant growth of the travel and hospitality industries at a global level as a result of reduced airline fares and attractive value-added services provided by key hotel industry participants is expected to remain a prominent factor. Furthermore, rising national defense spending by the governments of countries including U.S., China, Russia, Iran, Israel, India, and Pakistan is expected to promote the use of blankets for military and air force over the next few years.
Cotton-based products dominated the market and generated a revenue of USD 4.6 billion in 2018. These product types are expected to gain momentum as a result of their high visibility as durable comfort characteristics. Furthermore, these textile products have the ability to perform across a wide range of climate conditions.
Since the last few years, some of the celebrities have been launching the products under their name. For instance, in March 2019, Drew Barrymore launched Flower Home, a homeline at Walmart.com. The brand, along with various home related décor and furniture, also offers blankets that are richly layered and cozy. Similarly, in March 2019, the multinational furniture company, Ikea launched the brand Overalt. The brand specifically offers African design decors and furniture. Moreover, Sindhiso Kumhalo and Renée Rossouw have been working on quilt and blanket projects for the launch of products, which are based on African designs.
In May, 2019, natural home goods brand Buffy launched a new product, The Breeze. These temperature regulating comforters are derived from eucalyptus fibers. Shell fabric and the fills are the naturally more breathable as compared to other comforters derived from polyester or animal-based materials. The breathability associated with these product forms ultimately leads to a more regulated temperature during sleep.
To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/blanket-market
Further key findings from the report suggest:
By product, cotton accounted for more than 25.0% share in 2018. Polyester is expected to exceed 20.0% share of the global revenue by the end of 2025
The commercial segment is expected to expand at the fastest CAGR of 4.7% from 2019 to 2025
North America accounted for a revenue share of over 30.0% in 2018
Online distribution channel is expected to register the highest CAGR of 5.0% from 2019 to 2025.
Grand View Research has segmented the global blanket market on the basis of product, application, distribution channel, and region:
Blanket Product Outlook (Revenue, USD Billion, 2015 - 2025)
Mink
Fleece
Cotton
Polyester
Others
Blanket Application Outlook (Revenue, USD Billion, 2015 - 2025)
Household
Commercial
Blanket Distribution Channel Outlook (Revenue, USD Billion, 2015 - 2025)
Hypermarkets & Supermarkets
Convenience Stores
Online
Blanket Regional Outlook (Revenue, USD Billion, 2015 - 2025)
North America
Europe
Asia Pacific
Central & South America
Middle East & Africa (MEA)
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 16.08.2019 - 08:52 Uhr
Sprache: Deutsch
News-ID 597267
Anzahl Zeichen: 4336
contact information:
Contact person: Sonali Kulkarni
Town:
San Francisco
Phone: 14153490058
Kategorie:
Home & Garden
Typ of Press Release: please
type of sending: don't
Diese Pressemitteilung wurde bisher 276 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Blanket Market to Expand at a CAGR of 4.5% Through 2025: Grand View Research Inc."
steht unter der journalistisch-redaktionellen Verantwortung von
Grand View Research Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
