Blanket Market to Reach USD 11.21 Bn by 2032, Driven by Rising Demand for Electric & Weighted Blankets

Blanket Market Overview

The Global Blanket Market was valued at USD 8.47 billion in 2023 and is expected to reach USD 8.80 billion in 2024. Looking ahead, the market is projected to grow steadily, reaching USD 11.21 billion by 2032, at a compound annual growth rate (CAGR) of approximately 3.06% during the forecast period. Growth is driven by the increasing consumer focus on comfort, quality, and aesthetic appeal, as well as the rising demand for specialized blankets, such as electric and weighted blankets. The market caters to both residential and commercial segments, reflecting diverse applications ranging from home use to hospitality and healthcare services.

Revenue Source Insights
Revenue in the blanket market is generated through multiple channels, including retail stores, e-commerce platforms, specialty home décor outlets, and B2B distribution to hotels, hospitals, and healthcare facilities. Retail stores remain a key revenue source, providing consumers with hands-on experience and showcasing premium collections. E-commerce channels are rapidly growing due to convenience, product variety, and the ability to compare prices and styles. Specialty home décor stores and boutiques target niche consumer segments, offering luxury, eco-friendly, and designer blankets. B2B channels cater to commercial buyers in hospitality and healthcare, providing bulk purchases of high-quality and functional blankets for guest rooms, patient care, and institutional use.

Obtain a Sample File Containing Insights from Market Research Report: https://www.marketresearchfuture.com/sample_request/10391

Product Segmentation
The Global Blanket Market is segmented by product type into electric blankets, fleece blankets, wool blankets, cotton blankets, microfiber blankets, and specialty blankets such as weighted or heated blankets. Electric blankets are gaining popularity due to comfort and energy efficiency, especially in colder regions. Fleece and microfiber blankets are preferred for their softness, durability, and lightweight design. Wool blankets offer warmth and traditional appeal, while cotton blankets are appreciated for breathability and everyday use. Specialty blankets such as weighted blankets cater to consumers seeking stress relief and therapeutic benefits. Innovations in texture, patterns, and multi-functionality continue to expand consumer choice.

Material and Design Analysis
Materials and design play a critical role in consumer purchasing decisions. Common materials include wool, cotton, polyester, fleece, and blends, each offering unique benefits in terms of comfort, durability, and warmth. Patterns, colors, and weaving techniques enhance aesthetic appeal, allowing blankets to function as both utility and décor items. Electric and weighted blankets incorporate advanced technologies such as temperature regulation, soft-touch fabrics, and safety features. Eco-friendly and sustainable materials are increasingly adopted to cater to environmentally conscious consumers. Product innovation in design and functionality continues to drive market differentiation.

End-Use Segmentation
End-users of blankets include residential households, hospitality sectors, and healthcare facilities. Residential consumers prioritize comfort, warmth, and style, contributing significantly to market demand. Hotels and resorts adopt high-quality and aesthetically pleasing blankets to enhance guest experiences, while healthcare facilities require functional blankets for patient comfort, including hypoallergenic and easy-to-clean options. The commercial segment is expected to grow rapidly due to expansion in hospitality and healthcare infrastructure, along with the rising trend of premium and customized blanket offerings.

Regional Outlook
The Global Blanket Market spans North America, Europe, Asia Pacific, and the Middle East & Africa. North America holds a significant market share due to high disposable income, lifestyle trends, and growing demand for electric and specialty blankets. Europe is driven by mature markets, premium home décor trends, and increasing consumer focus on quality and design. Asia Pacific is projected to witness rapid growth, supported by expanding urban households, rising hospitality and healthcare sectors, and increasing awareness of home comfort and luxury products. The Middle East & Africa market is emerging, particularly in urban centers and luxury hospitality segments.

Obtain a Sample File Containing Insights from Market Research Report: https://www.marketresearchfuture.com/reports/blanket-market-10391

Market Drivers and Trends
Key drivers of the blanket market include rising consumer preference for comfort and quality, increasing adoption of electric and specialty blankets, and the growth of the hospitality and healthcare sectors. Trends shaping the market include the demand for sustainable and eco-friendly materials, designer and patterned blankets, and multifunctional blankets with temperature control or therapeutic features. Technological innovations, such as smart electric blankets with adjustable heat zones, are enhancing the value proposition. Consumer focus on wellness, home aesthetics, and functionality continues to boost market demand globally.

Future Outlook
The Global Blanket Market is expected to maintain steady growth through 2032, driven by residential demand, expansion in hospitality and healthcare sectors, and rising consumer awareness of quality and design. Companies focusing on innovation, sustainable materials, and premium designs are well-positioned to capture emerging opportunities. With the growing preference for electric, weighted, and multifunctional blankets, coupled with expanding global distribution channels, the blanket market is poised for continued expansion. Strategic product development, regional market penetration, and enhanced marketing initiatives will be critical for long-term success in this evolving market.

Discover more research Reports on Consumer and Retail, by Market Research Report:

Japan Mechanical Locks Market: https://www.marketresearchfuture.com/reports/japan-mechanical-locks-market-48475

Thailand Fragrance Market: https://www.marketresearchfuture.com/reports/thailand-fragrance-market-48398

China Electric Toothbrush Market: https://www.marketresearchfuture.com/reports/china-electric-toothbrush-market-48613

Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York, New York 10013, United States of America
Contact Number:
+1 (855) 661-4441 (US)
+44 1720 412 167 (UK)
+91 2269738890 (APAC)
Email: info@marketresearchfuture.com

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

This release was published on openPR.