The Global Electric Blankets Market is expected to reach USD 1,407.15 million by 2027 and will grow at a compound annual growth rate of 7.0% in the forecast period of 2020 to 2027. The rapid increase in the technical advancement in consumer convenience products and devices is a significant factor driving the market growth rate.
Likewise, the high investment for the development of advanced type of blanket such as battery powered, water proof blanket, light weight, durable among others will produce lucrative opportunities for the growth of the electric blankets market.
According to Data Bridge Market Research the market for electric blankets is expected to gain growth because of the reduction in the energy consumption. Also the rise in the demand of electric blanket to keep the wearer warm is also expected to fuel the demand of the electric blankets market over the forecast period of 2020 to 2027. Whereas, the seasonality of these electric blankets is expected to hinder the growth of the electric blankets market in the aforementioned forecast period.
Now the question is which are the other regions that electric blankets market is targeting? Data Bridge Market Research has estimated large growth in Europe due to rapid increase in the demand of heating product.
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Electric blankets market is segmented on the basis of countries into the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Key Market Competitors Covered in the Report
Above are the key players covered in the report, to know about more and exhaustive list of electric blankets companies’ contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-electric-blankets-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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