Evolving fashion industry is driving the growth in Global Wearable Blankets Market in the forecast period, 2022-2026.
Wearable blankets are in trend for the sensible fit of a trendy wearable and the comfort of blanket together. The consumers are inclined toward the wearable blankets due to its impeccable designs and evolving trends. Moreover, social media influence and trendy designs are influencing the consumer choices and making them inclined toward sales are aiding the growth of the global wearable blankets market in the next five years.
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The global wearable blankets market is segmented by end user, distribution channel, competitional landscape, and regional distribution. Based on distribution channel, the market is further fragmented into supermarkets/hypermarkets, specialty stores, online, and others. Supermarkets/ hypermarkets are anticipated to register largest revenue shares of the market and dominate the market segment on the account of availability of the various kinds of blankets including wearable blankets for children and adults.
Moreover, the supermarkets/ hypermarkets offer wide range of discounts and various schemes during the off season and stock clearance sales that benefits the consumer who are looking for better priced products thereby supporting the growth of the global wearable blankets market in the next five years. Online sales are anticipated to register fastest growing CAGR value in the next five years on the account of increasing penetration of internet and the comfort of in-home shopping. Rapidly shifting reliance of the consumer toward e-commerce is further substantiating the growth of the global wearable blanket market in the future five years.
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 available 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 drive etc. thereby surging the demand for the wearable blankets and aiding the growth of the global wearable blankets market in the next five years.
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, are some of the major shareholders of global wearable blankets market. 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. New market players may focus on the research and development to provide options that satisfies the consumer demand as well as benefits the market players in building their brand value. Other competitive strategies include mergers & acquisitions and new product developments.
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“North America is the most promising region for the future growth of the market in the next five years. The market growth is attributed to climatic conditions of the region. The countries, United States, Canada have a large number of populations inclined toward wearable blankets and thus substantiating the growth of the global wearable blankets market in the upcoming five years. Asia Pacific region is expected to generate the fastest growing CAGR value in the upcoming five years on the account of social media influence increasing in the countries like India, China, Japan, and other neighboring countries. New market players are advised to focus on the research and development of the advanced products and advanced methods of the product development. Trendy, designer, and efficient wearable products are expected to support their brand establishment in the future five years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based Global management consulting firm.
“Wearable Blankets Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026 Segmented By End User (Adult and Children), By Distribution Channel (Supermarkets/ Hypermarkets, Specialty Stores, Online, Others), By Region”, has evaluated the future growth potential of global wearable blankets and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global wearable blankets market.
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