WEIGHTED BLANKET MARKET REPORT OVERVIEW
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The global weighted blanket market size was USD 399 million in 2019 and is projected to touch USD 1165.7 million by 2026, exhibiting a CAGR of 14.1% during the forecast period.
The sudden spike in CAGR is attributable to the weighted blanket market growth and demand returning to pre-pandemic levels once the pandemic is over. The global COVID-19 pandemic has been unprecedented and staggering, with weighted blanket experiencing lower-than-anticipated/higher-than-anticipated demand across all regions compared to pre-pandemic levels. Blankets with uniformly distributed weight are known as weighted blankets. The weight varies depending on the intended user and the blanket's size. This unique blanket is designed to keep a person warm while also applying light pressure, simulating the sensation of being held. People's moods may be improved as a result of the sensation. Therefore, these blankets are becoming increasingly popular as a complementary therapy for anxiety and other sensory disorders.
In occupational therapy, they are used to assist people improve their emotional and physical regulation. They are used in "sensory integration treatment," a sort of occupational therapy that helps persons with autism and other mental illnesses focus on sensory stimuli. They are one of many items used by occupational therapists to deliver "deep-touch pressure," a type of physical stimulation that scientists believe can help people regulate their emotions and behavior.
COVID-19 Impact: Halt on Production and Supply Chain Disruption to Impede Sales.
The proliferation of COVID-19 across the globe has impacted practically every market area, and the weighted blanket market is no exception. Weighted blanket demand is expected to decline in 2020 due to trade restrictions, lockdowns, and manufacturing constraints. With the virus contained around the world, the market will eventually resume its former growth rate.
LATEST TRENDS
"Increasing Adoption of Technology to Foster Market Growth"
It is a special sort of blanket that has more weight. These blankets are loaded with pellets, which allow the user to feel the physical pressure caused by the blanket's weight, resulting in a relaxing effect. They are also known as sensory integration treatment, combining the concepts of Deep Pressure Stimulation (DPS) or Deep Touch Pressure (DTP) to increase relaxation in the human body. These blankets are available in a variety of weights and sizes, and they are utilized by a wide range of people.
WEIGHTED BLANKET MARKET SEGMENTATION
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- By Type Analysis
By type, the market is segmented into 0-5 Kg, 5-10 Kg, and Above 10Kg.
- By Application Analysis
Based on applications, the market is classified into Adults, Kids, and Teens.
DRIVING FACTORS
"Increasing Popularity in Healthcare sector to Foster Market Growth"
ASD is a condition marked by difficulties with social skills, repetitive activities, speech, and nonverbal communication. Autism affects 1 in 54 children in the U.S., according to the Centers for Disease Control. Serotonin is involved in a variety of bodily functions, including mood, sleep, hunger, and sociability. It stimulates digestive muscles in the intestines, causes blood vessels to shrink or expand in the blood, and carries messages between neurons in the brain. Serotonin levels in the brain are linked to depression. Deep touch pressure (DTP), which comprises moderate pressure to the body to boost the release of serotonin, promotes relaxation and peaceful sleep, is provided by weighted blankets.
"New Product Development to Boost Market Growth"
New product advancements, such as pastel colored cotton blankets, are predicted to continue to be popular in the near future. Color and design preferences are mostly driven by the need for products that are stain resistant and machine washable. In addition, countries such as India, Vietnam, Myanmar, and Sri Lanka have seen an increase in desire for exotic hues and designs associated with flora and fauna. Changing weather patterns on a global scale have played a key role in encouraging the use of electric blankets in recent years. The blanket's capacity to self-warm provides temperature control and exceptional comfort. The market is predicted to grow in size as consumer awareness grows, and new high-quality blankets are introduced on a regular basis.
RESTRAINING FACTORS
"High Costs to Impede Market Growth "
The weighted blankets are overpriced compared to other blanket kinds, which could hurt the manufacturers' sales. Throughout the forecast period, such a factor is expected to restrain the global weighted blanket market growth.
WEIGHTED BLANKET MARKET REGIONAL INSIGHTS
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"Growing Technological Advancements to Bolster Growth in North America"
North America is expected to dominate the weighted blanket market share. The increased awareness of sleep deficiency issues among the population in the region, and the presence of many important businesses promoting the benefits connected with the usage of weighted blankets are expected to drive the market forward. Additionally, rising public awareness of diseases such as Alzheimer's, Autism, and others, and the demand for non-drug remedies, are expected to contribute positively to the weighted market's growth in the region throughout the forecast period.
Another important region in the blanket market is Asia Pacific. During the winter months, countries such as Japan, China, and South Korea face harsh winters with extremely low temperatures. As a result of these climatic circumstances, blanket demand remains strong, fueling the blanket business.
KEY INDUSTRY PLAYERS
"Product Developments and Partnerships to Improve Market Position"
Major international firms active in the weighted blanket market are included in this analysis. Few big firms currently dominate the market in terms of market share. Consumer income drives demand. Large corporations compete by purchasing in bulk, offering a diverse range of items, and employing strong merchandising and marketing strategies. Small businesses concentrate on a single market area and compete on the breadth of their product offerings and exceptional customer service.
INDUSTRY DEVELOPMENT
BlanQuil announced in September 2019 that it has teamed with Mattress Firm, one of America's top specialty mattress shops, to boost the distribution of its goods throughout Mattress Firm's 2500 locations.
List of Market Players Profiled
- Gravity (South Korea)
- YnM (U.S.)
- Mosaic (U.S.)
- SensaCalm (U.S.)
- Simmons Bedding Company (Beautyrest) (U.S.)
- Sensory Goods (U.S.)
- Layla Sleep (U.S.)
- Calm Blanket (Australia)
REPORT COVERAGE
This report covers the entire scope of the market research for blanket sales. The report's market estimations are based on extensive secondary research, primary interviews, and in-house expert reviews. These market estimations were derived by analyzing the impact of different social, political, and economic factors and current market dynamics on the growth of the industry.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In | US$ 399 Million in 2019 |
Market Size Value By | US$ 1165.7 Million by 2026 |
Growth Rate | CAGR of 14.1% from 2019 to 2026 |
Forecast Period | 2022-2026 |
Base Year | 2021 |
Historical Data Available | Yes |
Segments Covered | Type & Application |
Regional Scope | Global |
Frequently Asked Questions
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What value is the weighted blanket market expected to touch by 2026?
Based on our research, the weighted blanket market is projected to touch USD 1165.7 million by 2026.
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What CAGR is the weighted blanket market expected to exhibit by 2026?
The weighted blanket market is expected to exhibit a CAGR of 14.1% by 2026.
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Which are the driving factors of the weighted blanket market?
Increasing popularity in the healthcare sector and new product development are the factors driving the weighted blanket market.
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Which are the top companies operating in the weighted blanket market?
Gravity, YnM, Mosaic, SensaCalm, Simmons Bedding Company (Beautyrest), Sensory Goods, Layla Sleep, and Calm Blanket are the top companies operating in the weighted blanket market.