The global woolen blanket market is expected to post a CAGR of over 2% during the period 2019-2023, according to the latest market research report by Technavio.
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Technavio has released a new market research report on the global woolen blanket market for the period 2019-2023. (Graphic: Business Wire)
With wool being a breathable fiber, it provides instant warmth as compared to synthetic materials making it ideal for windy and snowy weather conditions. Also, wool is a highly durable fiber and is easy to clean. Further, wool is hypoallergenic in nature and is natural and chemical-free. Thus, the benefits provided by woolen blankets will drive the growth of the market.
As per Technavio, the advent of organic-certified woolen blankets will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global woolen blanket market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
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Global woolen blanket market: Advent of organic-certified woolen blankets
Consumers globally are increasingly concerned about the consumption of animal-based consumer goods and products. Therefore, several manufacturers are seen selling woolen blankets that are manufactured using organic wool. This is expected to garner momentum with more vendors trying to use certified wool for making woolen blankets.
“Along with the advent of organic-certified woolen blankets, the increasing demand from emerging economies, the growth of the tourism and hospitality sector, and the increasing free trade agreements are some major aspects that are expected to boost the growth of the global woolen blanket market,” says a senior analyst at Technavio.
Global woolen blanket market: Segmentation analysis
This market research report segments the global woolen blanket market by end-user segments (residential and commercial) and geographical regions (APAC, Europe, North America, South America, MEA).
The APAC region led the market in 2018, followed by Europe, North America, South America, and MEA, respectively. During the forecast period, the APAC region is expected to register the highest incremental growth due to several factors such as increasing affluence, suitable climate, and burgeoning population. Moreover, the presence of leading wool-producing countries such as Australia, New Zealand, China, and India is leading to the region being the foremost woolen blanket market across the globe.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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