According to Custom Market Insights (CMI), The Global Electric Blankets Market Size was valued at USD 835.14 million in 2021 and is estimated to reach USD 1680 million by the end of 2030 at a CAGR of approximately 8.4% during the forecast period 2022-2030.
The report further provides an overview of drivers, restraints, and opportunities in the Electric Blankets market. Moreover, the report examines the global competitive analysis of the Electric Blankets market.
The key purpose of the Global Electric Blankets Market report is to deliver industry investors, company leaders, private equity companies, and stakeholders comprehensive information facilitating them to make informed strategic decisions concerning the changes in the Electric Blankets market throughout the world.
Electric Blankets Market: Overview
Electric blankets are useful and relatively less expensive than heaters in nations with prolonged and severe winters. To give plenty of natural insulation and warmth, businesses have been concentrating on manufacturing well-insulated sheets lined with thick fleece. They are also introducing portable and washable items. For instance, a blanket composed of microfibre fleece created by Medisana HDW is machine washable. For improved control, it has four degrees of heat settings. Imetec 16175 and Klarstein Dr. Watson XL are the other items in this category.
Browse the full “Electric Blanket Market Size, Trends and Insights By Distribution Channel (Offline Sales, Online Sales), By End-user (Hotels, Hospitals, Households), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030 “ report athttps://www.custommarketinsights.com/report/electric-blankets-market/
Growth Factors
One of the main aspects influencing the market growth is the growing consumer taste for opulent, cosy, and premium bedding items, which, combined with increased urbanization throughout the world, represents one of the primary market growth drivers. Additionally, the ageing population, which is more susceptible to the harsh winter cold, is a major factor in the market’s expansion. Electric blankets are not only help the elderly but also people with different pain-related conditions like sinus, fibromyalgia, arthritis, and muscle problems. Other growth-promoting elements include a variety of product advancements, such as the creation of revolutionary battery-powered, lightweight, mobile charging, water- and stain-resistant items. Microfiber fleece is also being used in product variations by producers to add more natural insulation and warmth retention.
Segmental Overview
The market for Electric Blankets is segmented into distribution channels and end-user. In 2021, households accounted for the greatest share of end users (more than 40%). The market’s growth has been aided by rising consumer disposable income and home ownership in various developing nations. Over the next several years, it’s anticipated that rising standards of living, particularly in China, and the release of simple consumer technology items would increase the use of electric blankets. Demand for products has been driven by affordability, comfort, and advantages across various consumer age groups, particularly among people with conditions like fibromyalgia, muscle pains, arthritis, nasal issues, and painful menstruation.
Regional Overview
The North American region is expected to witness tremendous growth from 2022 to 2030. Rising living standards and income levels in North America are major factors driving the electric blanket market. As a result, people are becoming more interested in pricey bedding products like electric blankets.
The rise has aided the market expansion in demand for electric blankets to support people with pain-related conditions during the colder months. A built-in circuit in an electric blanket provides sufficient warmth. It also gives the consumer fantastic comfort by promoting restful sleep and elevating mood. Electric blankets are a popular choice among consumers because of their various advantages, including adjustable temperatures and simplicity of use. For instance, in July 2021, Beraraby unveiled Travel Napper, a portable blanket perfect for trains, planes, and other public transit.
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Key Players Insights
Jarden Corporation, Morphy Richards Ltd., Shanghai Shenda Co. Ltd., Snugnights UK LLP, Caiyang, Beurer GmbH, Slumberdown, Shijiazhuang Mengjie Industry Co. Ltd., as well as Silentnight Group Ltd. are a few of the prominent competitors in the international market. Consumer demands are forcing manufacturers of these items to concentrate more on developing safer, more advanced heating devices. A noticeable trend in the market is an increase in expenditure on research and studies to solve these issues.
Some of the prominent players
- Jarden Corporation
- Caiyang
- Morphy Richards Ltd.
- Shanghai Shenda Co. Ltd.
- Snugnights UK LLP
- Beurer GmbH
- Shijiazhuang Mengjie Industry Co. Ltd.
- Slumberdown
- Silentnight Group Ltd.
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