Throw blankets Market Set for Rapid Growth During 2021-2026

Stratview Research has recently added a new report titled to its collection. The report studies vital factors about the market that are essential for existing players as well as new market entrants. The report throws light on the critical elements such as market share, profitability, supply chain, production, sales, upcoming technologies, key market players, regional segmentation, and many more aspects related to the Throw blankets Market.
The years considered in this report to estimate the market size of the market are:
• History Year: 2016-2019
• Forecast Year: 2021 to 2026
The key players covered in this report 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
Market Highlights
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.
Segment-wise analysis
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.
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.
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The main steps in the investigation process are:
- Stratview Research has gathered the raw data from industry experts and direct research analysts using primary and secondary sources.
- The experts also classify the information obtained by qualitative and quantitative data to place it in a proper way to make final conclusions.
- This report also provides market intelligence and throws light on critical insights into the market dynamics.
The information gathered in the report enables strategic decision making for the existing players as well as those willing to enter the market. The report contains growth drivers and constraints, market trend and forecast analysis, market segment trend, competitive landscape and dynamics, attractive market segments and associated growth opportunities, etc.
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