Published Date: 5-Nov-2020
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According to a new report Global Plush Blankets Market, published by KBV research, The Global Plush Blankets Market size is expected to reach $568.7 Million by 2026, rising at a market growth of 9.2% CAGR during the forecast period.
Hypermarkets and supermarkets represented a major market share in 2019. This is ascribed to the high eminence of retail store channels as they encourage the customers to have a direct glance at the items, which helps in the simple assessment of the quality and specifications. The online distribution channel is anticipated to observe the fastest development during the forecast period, with a significant CAGR from 2020 to 2026.
The segment of residential applications held the biggest market share in 2019. The commercial segment is anticipated to enlist a significant CAGR from 2020 to 2026. The growth of the economy and the developing travel industry is probably going to increase the demand for plush blankets in the commercial segment.
North America held the biggest share in 2019. The high demand for the product in this region is significantly credited to expanding spending on residential renovations and repairs by Americans, which is advancing the application of high-end quality bedding items. Asia Pacific is anticipated to observe the fastest development during the forecast period at a major CAGR from 2020 to 2026. China, India, Japan, South Korea, Hong Kong, Singapore, and India are the eminent business sectors that represent a wide opportunity for the product in the next few years.
Structural Insights: https://www.kbvresearch.com/plush-blankets-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Newell Brands, Inc. (Sunbeam Products, Inc.), Home Depot, Inc., Berkshire Blanket & Home Co., Inc. (SUMEC Group Corporation), American Blanket Company, FleecePro, ADORNit, Plush Addict Ltd., Robert Kaufman Co., Inc., Shannon Fabrics, Inc., and Venus Group, Inc.
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