Woolen Blanket Market Economic Growth 2019: Global Industry Analysis, Regional Outlook, to 2023

Global woolen blanket market size is forecast to grow by USD 399.9 million during 2019-2023 at a CAGR of 2% with residential segment having the largest market share. Woolen blanket market analysis indicates the benefits provided by woolen blankets will drive growth. The advent of organic-certified blankets will also impact woolen blanket industry growth.

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.

Looking for more information on this market? Request a free sample report

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.

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.

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.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

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

This growing client base relies on Technavio’s comprehensive coverage, extensive research