Throw Blankets Market Report

Market Insights

What is Throw blankets?

A throw blanket is smaller and more versatile than most blankets. The key distinction is that a throw blanket isn't sized for mattresses within the same way as bedspreads, quilts, and duvet covers are. This is often because throw blankets aren't only for beds. Throws don't seem to be only decorative within the bedroom, but they also provide lots of heat. A throw, which is smaller than a blanket, is good for draping over the top of a bed or thrown over a bedroom chair on chilly nights after you need an additional layer.

The Throw blankets Market is estimated to grow from USD XX million in 2020 to USD XX million by 2026 at a healthy CAGR of XX during the forecast period.

Figure: Throw Blankets Market Size, 2020-2026 (USD Million)

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Market Drivers

Increased adoption of various blankets in hospitals and hotels around the world, increased penetration of electric blankets in many emerging countries, the increased popularity of various types, patterns, colors, and brands of blankets, and rising product advertising through various social media platforms around the world are some of the primary factors driving the throw blanket market. Furthermore, an increase in research and development activities, as well as an increase in demand from emerging nations, will generate new opportunities for the throw blanket market throughout the projection period.

Covid-19 Impact Analysis

The outbreak of COVID-19 significantly impacted the throw blankets materials supply chains, international trade, and manufacturing operations across the world. The production of throw blankets declined amidst the COVID-19 pandemic as the market players had to shut production facilities or operate the facilities below the optimal production capacities to avoid the spread of the coronavirus. Additionally, the lack of availability of raw materials owing to supply disruptions has resulted in a decline in production.

Segments' Analysis

Application Trends

Based on application, the throw blankets market has been divided into Household, Hotel, Others.  The Household accounted for the largest market share in 2020. The changing weather and climate have increased the need for numerous types of blankets for household use. Furthermore, a new polyester blanket known as an AC blanket, which is designed for sleeping in air-conditioned rooms, has been driving the market.

Regional Trends

By region, the North American throw blankets market accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the review period. Climate, a big number of hotels, a massive defense force, and philanthropy done by both individuals and corporations all contribute to the region's sales. The weather in North America fluctuates a great deal.

The Asia-Pacific throw blankets market is expected to grow at the highest CAGR during the review on account of the growth of the major end-use industries. The utility of blankets is predicted to increase due to fluctuations in climate conditions in important markets, as well as a stronghold on middle-income age groups. Another factor driving the market growth is China's, India's, and Pakistan's large armed forces.

Critical Questions Answered in the Report

This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Throw blankets market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026. Following are the critical questions answered in the report.

• What are the key trends in the throw blankets market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the throw blankets market?
• What are the key strategies adopted by the major vendors to lead in the throw blankets market?
• What is the market share of the top vendors?

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Key Players

Key players operating in the Throw blankets Market are-

• Melin Tregwynt
• Tory Burch
• Alexander Mcqueen
• St Albans Textiles
• Gravity Blanket
• Brahms Mount
• Ted Baker
• Sesli Textiles
• DownTown Company
• Paul James
• Swans Island Company

Target Audience

The target audience of Throw blankets Market includes-

• Throw blankets Vendors
• Throw blankets Manufacturers
• Throw blankets Distributors
• Hotels
• Organizations

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