The global plush blanket market size is expected to reach USD 594.0 million by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.1% from 2020 to 2027. Increased consumer spending, coupled with urbanization, is driving the demand for advanced and high-quality bedding products, such as plush blankets. In addition, increasing innovation in the plush fabrics while incorporating other fabric materials, such as fleece, minky, and corduroy, in order to give a luxury appeal to the blankets is ramping up the application of these plush blankets in the residential as well as commercial sectors.
Increased
advances in the manufacturing of innovative plush blankets are causing higher
penetration of the product among consumers. For instance, the Cariloha bamboo
throw is uniquely constructed as a lightweight polyester between two thick and
sensuously soft layers of plush bamboo fabric providing a cuddly heft.
Additionally, rising availability of plush blankets in different patterns and
categories, such as smooth, dimple, patterned, textured, cuddle soft, and velvet,
with distinct colors, is boosting the demand for the product as an aid to raise
the appeal of surrounding or room environment.
In
addition, rising penetration of soft throws or throw blankets as a convenient
and travel-friendly product to provide proper warmth and coziness in any
environment is helping add to the growth of the market. The emerging trend of
using blankets at workplaces as the business works hard to heat or cool an
entire building, which often results in unpredictable temperatures, poses the
need for acquiring a handy, soft, and weightless throw. This scenario is
boosting the adoption of various plush blankets in the work environment.
The
residential application segment held a 53.9% share of the global revenue in
2019. Modern urban lifestyle, along with smart, upgraded, and visually
appealing product innovation by key industry participants, is increasing the
adoption rate of premium and luxury appealing plush blankets among consumers.
The growing trend of home remodeling is driving demand for smart bedding
products, thereby ramping up the sales of plush blankets.
Increasing
expansion in real estate is bound to increase the penetration of premium
bedding products, which will positively affect the growth of the market.
According to the National Association of Home Builders, the number of
single-family permits in the U.S. has increased by 8.4% in 2018. Thus, these
rising developments in the residential household category are expected to drive
the need for plush blankets. An increasing number of product innovations and
customization are gaining consumer’s attention through high product visibility.
For more info visit here: https://www.grandviewresearch.com/industry-analysis/plush-blankets-market
Plush Blanket
Market Report Highlights
- Asia Pacific
is expected to witness the fastest growth during forecast years with a
CAGR of 6.8% from 2020 to 2027. Demand is anticipated to grow in this
region due to an increase in the purchasing power of consumers, preference
for smart beddings, and growth in the hospitality sector
- By
distribution channel, hypermarkets and supermarkets dominated the market
by accounting for 41.5% share of the global revenue in 2019
- The
residential application segment held the largest share of 53.9% in 2019.
Request a Sample Copy @ https://www.grandviewresearch.com/industry-analysis/plush-blankets-market/request/rs1
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 info visit @ https://www.grandviewresearch.com
No comments:
Post a Comment