2025 Blanket Market Outlook: Key Indicators Shaping Growth Through 2034

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What Will the Blanket Industry Market Size Be by 2025?
The blanket market has grown moderately in recent years. It is set to increase from $8.14 billion in 2024 to $8.54 billion in 2025 at a CAGR of 4.9%. Growth in the past was influenced by demand for home comfort, popularity of weighted blankets, online retail expansion, rising interest in premium products, and growth of e-commerce.

What's the Long-Term Growth Forecast for the Blanket Market Size Through 2029?
The size of the blanket market is predicted to experience consistent expansion in the coming years. The market value is set to rise to $10.36 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.0%. Factors fueling this growth during the predicted period include increased eco-consciousness, a surge in worldwide demand for decorative blankets, a trending inclination towards comfort, a rise in the need for customized products, and ongoing urbanization. Key trends for the forecast period involve progression in technology, the incorporation of smart technology, the use of sustainable materials and packaging, along with the preference for travel-friendly blankets.

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What Are the Key Growth Drivers Fueling the Blanket Market Expansion?
The expected growth of the blanket market is set to be fuelled by the enlargement of the hospitality sector. This sector entails a variety of services and enterprises aimed at providing accommodation, food and beverage, and amusement to tourists and visitors. Factors such as an upsurge in worldwide travel activities, escalating disposable income, and an increasing requirement for unique and varied accommodations are contributing to the expansion of the hospitality industry. The prominent usage of blankets in hotel rooms ensures comfort and warmth, elevates the satisfaction of guests and aids in creating a warm and welcoming ambience. For example, in January 2023, the American Hotel and Lodging Association, a United States-based hotel association, reported a substantial rise in the hotel occupancy rates, reaching 62.7%, a 9% surge compared to 2021. Plus, anticipations suggest that this number will elevate to 63.8% by 2023. Hence, the blanket market is being pushed by the growth of the hospitality industry.

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What Are the Key Trends Driving Blanket Market Growth?
Key players in the blanket market are concentrating their efforts on the creation of innovative items, including smart electric blankets, to improve user comfort, convenience and energy saving. These advanced bedding solutions come equipped with technology enabling accurate temperature regulation, programmable features and compatibility with smart home systems for greater comfort and energy conservation. For example, Xiaomi Inc., a Chinese consumer electronics firm, introduced their Mijia Smart Electric Blanket in October 2023, which boasts superior features and integration with smart home technology. Through a smartphone app, this blanket allows users to remotely adjust temperature settings, ensuring personalised comfort. Also, it comes with a fast-heat feature for immediate warmth when needed.

How Is the Blanket Market Segmented?
The blanket market covered in this report is segmented -

1) By Product Type: Electric Blanket, Regular Blanket
2) By Material Type: Wool, Cotton, Polyester, Other Material Types
3) By Sales Channel: Hypermarkets Or Supermarkets, Specialty Stores, Multi Brand Stores, Independent Stores Retailers, Online Retailers, Other Sale Channels
4) By End User: Commercial, Residential

Subsegments:
1) By Electric Blanket: Heated Throw Blankets, Heated Mattress Pads, Heated Electric Blankets With Dual Control, Ultra-Thin Electric Blankets
2) By Regular Blanket: Wool Blankets, Cotton Blankets, Fleece Blankets, Down And Down Alternative Blankets, Microfiber Blankets, Knitted Blankets

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Which Companies Are Leading the Charge in Blanket Market Innovation?
Major companies operating in the blanket market are Walmart Inc., Medline Industries Inc., Ralph Lauren Home, Hudson's Bay Company, Pottery Barn, Eddie Bauer LLC, Nautica Home, Beurer GmbH, Pendleton Woolen Mills, Silentnight Group Limited, WestPoint Home, Jarden Corporation, BUDDEMEYER S/A, Boll & Branch Co., Mellanni Fine Linens, American Blanket Company, URBANARA GmbH, Qbedding.com, Cuddledown Inc., Faribault Woolen Mill Co., Morphy Richards Ltd., Biddeford Blankets LLC, Chellco Industries Limited, Kanata Blanket Company

Which Regions Are Leading the Global Blanket Market in Revenue?
North America was the largest region in the blanket market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the blanket market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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