Blankets And Throws Market Report

Market Insights

What is Blankets and throws?

A throw provides excellent warmth and is ideal for keeping at the foot of the bed to be used when the weather becomes colder. It's no bigger than a blanket. Fabrics and colours are available in a range of options. A blanket is a swath of soft material large enough to wrap or enfold the majority of the user's body and thick enough to keep the body warm by trapping radiant body heat that would otherwise be lost due to convection.

The Blankets and throws 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: Blankets and throws 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, increased popularity of various types, patterns, colours, and brands of blankets, and rising product advertising through various social media platforms around the world are some of the primary factors driving the Blankets and throws 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 Blankets and throws market throughout the projection period.

Covid-19 Impact Analysis

The outbreak of COVID-19 significantly impacted the blankets and throws materials supply chains, international trade, and manufacturing operations across the world. The production of blankets and throws 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 blankets and throws 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 blankets and throws 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 defence 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 blankets and throws 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 Blankets and throws 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 blankets and throws 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 blankets and throws market?
• What are the key strategies adopted by the major vendors to lead in the blankets and throws market?
• What is the market share of the top vendors?

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Key Players

Key players operating in the Blankets and throws Market are-

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

Target Audience

The target audience of Blankets and throws Market includes-

• Blankets and throws Vendors
• Blankets and throws Manufacturers
• Blankets and throws Distributors
• Hotels
• Organizations

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