Through the development of battery-powered, portable, lightweight, waterproof, stain-resistant, and mobile chargeable products, the market for electric blankets is anticipated to grow significantly during the forecast period. During the forecast period, the "household" segment is expected to grow fastest among end users. The expansion of this market in the coming years has been aided by rising homeownership rates in many developing countries and rising consumer disposable income.
According to Data Bridge Market Research, the Electric Blankets Market is valued at USD 1,029.80 million in 2022 and is expected to reach USD 1,864.13 million by 2030, registering a CAGR of 7.70% during the forecast period of 2023 to 2030
"Technological advancements surge market demand"
Technological advancements has played a crucial role in driving the growth of the global electric blankets market. Manufacturers constantly innovate to enhance user experience and safety. Adjustable temperature settings allow users to customize their comfort levels, while programmable timers provide convenience and energy efficiency. Safety features like auto-shutoff ensure that the blankets automatically turn off after a certain period or in case of overheating, promoting user safety. These advancements attract consumers and contribute to the overall market growth by offering improved functionality and enhancing the general value proposition of electric blankets.
What restraints the growth of the electric blankets market?
"Health-related considerations can impede the market growth”
Prolonged or excessive use of electric blankets can expose individuals to electromagnetic fields (EMF), which raises concerns about potential health risks. As a consequence of these concerns, pregnant women and individuals with certain medical conditions may be advised to avoid or limit their use of electric blankets. This restriction on usage can impact market adoption, particularly among these specific consumer groups.
Segmentation: Global Electric Blankets Market
The electric blankets market is segmented on the basis of type, end user, price range, size, material, and sales channel
- On the basis of type, the electric blankets market is segmented into over blankets, under blankets, and electric pads
- On the basis of end user, the electric blankets market is segmented into hotel, hospital, and household
- On the basis of price range, the electric blankets market is segmented into economy, mid-range, and premium
- On the basis of size, the electric blankets market is segmented into single size, full/queen size, and king size
- On the basis of material, the electric blankets market is segmented into wool, cotton, polyester, acrylic, and other materials
- On the basis of sales channel, the electric blankets market is segmented into direct and indirect.
Regional Insights: Europe Dominates the Global Electric Blankets Market
Europe's global electric blankets market dominance can be attributed to several factors. The region experiences colder weather conditions, leading to a higher demand for flexible heating solutions such as electric blankets. Additionally, European consumers prioritize comfort and are willing to invest in products that provide warmth and relaxation during harsh winters. These factors, combined with the willingness to spend on quality products, are expected to drive the market growth in Europe during the forecast period.
Asia-Pacific is poised to experience significant growth in the electric blankets market during the forecast period of 2023-2030. The region is witnessing an increase in the adoption and availability of electric blankets, driven by rising affordability and the presence of these products in various retail channels, including department stores and garage sales. As more consumers in Asia-Pacific seek warmth and comfort, the market is expected to expand rapidly in the coming years.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/global-electric-blankets-market
Recent Developments in Global Electric Blankets Market
- In 2019, A brand-new and cutting-edge PMA smart electric blanket was released by Chinese tech giant Xiaomi Corporation. Xiaomi has an app that can be used to control this recently released blanket.
The Prominent Key Players Operating in the Global Electric Blankets Market Include:
- American Blanket Company (U.S.)
- Pendleton Woolen Mills (U.S.)
- Amritsar Swadeshi Textile Corporation Pvt. Ltd. (India)
- Hudson's Bay Company (Canada)
- Boll & Branch (U.S.)
- URBANARA GmbH (Germany)
- Shanghai Easun Group (China)
- Medline Industries, Inc. (U.S.)
- Chellco Industries Limited (Nigeria)
- Biddeford Blankets, LLC (U.S.)
- Youngman Woollen Mills Private Limited (India)
- Richards (England)
- Silentnight Group Limited (U.K.)
- Barker Textiles UAB (Lithuania)
- Kanata Blanket Co. (Canada)
- Faribault Woolen Mill. (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of electric blankets market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Electric Blankets Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. 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, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
