Global wearable blankets market is expected to show robust growth with an impressive CAGR in the forecast period, 2024-2032 on the account of surging demand for the fashionable yet comfort wear. Growing applications of blankets in commercial sectors is driving the growth of the global wearable blankets market in upcoming five years. Moreover, rising demands for a comfortable and wearable blanket for the travel purposes is further aiding the growth of the global wearable blankets market in the next five years. Additionally, the concept of coziness of a fluffy blanket in a sensible fit with sleeves, pockets, and a hood that allows consumer to move around and feel comfy at the same time is inclining the consumer interest thereby supporting the growth of the global wearable blankets market in the future five years. Also, the increasing innovation and ease of product availability in affordable range is also substantiating the growth of the global wearable blankets market in the future five years. The product is especially popular among kids, babies, and teenager population. Furthermore, the bright color and specialized designs are enticing consumers for more purchases and thus driving the growth of the global wearable blankets market in the forecast period, until 2026.
The global wearable blankets market is segmented by end user, distribution channel, competitional landscape, and regional distribution. Based on end user, the market is further bifurcated into adults and children. Children are anticipated to hold the largest revenue generating sub-segment and dominate the market segment on the account of wide variety found at for the kids. Moreover, the demand for the wearable blankets for the kids while travelling and in general is rapidly increasing. Additionally, children demand for different kind of blankets for different climates and different occasion thereby substantiating the surge in the demand and aiding the growth of the global wearable blankets market in the next five years. Adult consumers are also rapidly increasing. They are also influenced with the idea of using wearable blankets for their late night movie marathons or utilizing it for a comfy long-drives etc. thereby surging the demand for the wearable blankets and aiding the growth of the global wearable blankets market in the next five years.
Holding the major shares of the global wearable blankets market are Cozy Comfort Company LLC, The Burt's Bees Products Company, Aden & Anais, Inc, TILLYOU, The Baby Merlin Company, Hudson Childrenswear, Waitu, The Oodie, Buy Buy Baby, Inc., Caravan Group LLC, Catalonia Fashion, among others. Market players are actively involved in the research and technological development in the product developments. The advanced technology has made it possible for the industry to provide excellent services through wearable blankets. Further advancement would aid the market value and brand establishment in the future five years.
Years considered for this report
Historical Years2016 – 2019
Base Year2020
Estimated Year2021
Forecast Period2022 – 2026
Objective of the Study
- To analyze the historical growth of the market size of global wearable blankets market from 2016 to 2019.
- To estimate and forecast the market size of global wearable blankets market from 2020 to 2026 and growth rate until 2026.
- To classify and forecast global wearable blankets market based on end user, distribution channel, competitional landscape, and regional distribution.
- To identify dominant region or segment in the global wearable blankets market.
- To identify drivers and challenges for global wearable blankets market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global wearable blankets market.
- To identify and analyze the profile of leading players operating in global wearable blankets market.
- To identify key sustainable strategies adopted by market players in global wearable blankets market.
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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of manufacturers, suppliers, and distributors across the country. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufactures and service providers which could not be identified due to the limitations of secondary research. Market insights research analyzed the manufactures, distribution channels and presence of all major players across the country.
Market insights research calculated the market size of global wearable blankets market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. Market insights research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by Market insights research.
Key Target Audience
- Manufacturers, service providers, end users, and other stakeholders
- Distributors and suppliers of products & services and other stakeholders
- Organizations, forums, and alliances related to wearable blankets
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, service providers, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
