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Electric Blankets Market Comprehensive Overview On Opportunities

(IT-NEWSWIRE.COM, July 24, 2024 ) Electric Blankets Market size was valued at USD 1.13Bn in 2023 and is expected to reach USD 1.91 Bn by 2032, at a CAGR of 5.98%.



Pune, 24, July 2024: Electric Blankets Market was valued at USD 1.13 billion in 2023 and is expected to reach USD 1.91 billion by 2032, with a CAGR of 5.98%.



An electric blanket is an electric heating device that is integrated into electric heating lines. This blanket provides the consumer with adequate warmth and a comfortable sleeping experience. It has various features such as easy handling and adjustable temperature. There are different types of electric blankets such as blankets, blankets, base blankets, and blankets. These covers are considered electric mattresses and are placed under the bottom sheets.



An electric blanket can heat the bed to keep the passenger warm and comfortable. Electric blankets range from 15-115 watts and some blankets are low voltage. Low-voltage covers are made of thin carbon wires. American inventor Samuel Russell built the first electric blankets more than a hundred years ago. Electric blankets have many advantages that help increase their demand, thus fueling the growth of the market.





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Electric Blankets Market Dynamics



The increasing use of branded blankets across the world is the key factor that has created the growth of the electric blanket market. An electric blanket is the cheapest room heater. The need for an electric blanket is growing because it helps people with pain-related problems such as sinusitis, fibromyalgia, arthritis, and muscle problems caused by cold temperatures. During the winter season, their use increases because they provide heating effects to the consumers. Elderly people are more sensitive to weather changes, extreme heat, or cold, which cause various health problems. In addition, their use is increasing in life and business sectors such as military and defense, tourism and hospitality, and philanthropy. Electric blankets are widely used in polar or temperate regions because these regions suffer from long and harsh winters. The increase in the consumption of electric blankets contributes to the growth of the market.



The major key players are focusing on installing innovative features of electric blankets, which will provide a lucrative opportunity for the electric blanket market during the forecast period. The manufacturer develops thick, woolly, well-insulated leaves that provide plenty of natural warmth and insulation. Features like two heating zones, fast heating, ease of use, and a timer give the market an opportunity. In addition, the introduction of innovative bedspreads to the market is increasing. For example, Wellcare electric blankets are equipped with the innovative technology 4D Dynamic Warmth Flow (4D DWF) system. This system mimics the natural respiratory system of the human body and creates a whole-body heat cycle. Some key players are also focusing on the development of washable and portable bed covers. Thus, these types of innovations and different features will provide a profitable opportunity for the electric felt market during the forecast period.



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Electric Blankets Market Regional Insights



North America dominated the Electric Blankets Market in 2023 and is expected to continue its dominance over the forecast period. North America is the dominant region in the electric bed market due to the rising living standards and incomes of Americans. People in this region face various health problems such as body aches, frostbite, and other exposures to low temperatures. Americans are also more aware of the benefits of electric blankets, which is driving the demand for electric blankets. The adoption of advanced technology is increasing in North America. Luxury hotels in America are equipped with electric blankets due to the large number of tourists arriving in the area. In North America, several cold cities are increasing the adoption of electric blankets. Due to its many health benefits, it is widely used in the hospital sector. Additionally, the growing internet penetration in the region and the availability of blankets on various online platforms is boosting the sales of electric blankets in the region.



Electric Blankets Market Segment Analysis



By Product Type



Over Blankets

Under Blankets

Electric Pads

Based on the Product Type, the market is segmented into Over Blankets, Under Blankets, and Electric Pads. Under Blankets are expected to dominate the Electric Blankets Market during the forecast period. The underlayer is estimated to hold the largest share of the electric blanket market during the forecast period. It is held under the bottom sheet and above the mattress. This is the most popular type in the UK and less common in the US and Canada. In Canada and the United States, mattresses are called electrically heated mattresses. Comes with a sheet and elastic straps. This type of blanket is associated with various features such as heat settings, convenient temperature control, durable insulated cord, and automatic shut-off. It has three heat settings to adjust the temperature. Due to these qualities, people under the covers are in high demand. To meet the needs of consumers, key players are increasing investments in the production and marketing of awnings. Slumberdown, for example, is a major manufacturer of electric blankets, offering a basic blanket with two controls, LED lights, and nine heat settings.



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By End-Users



Public

Private

Hybrid

By Organization Size



Residential

Commercial

GLOBAL Electric Blankets MARKET BY REGION



NORTH AMERICA

USA

Canada

Mexico

EASTERN EUROPE

Russia

Bulgaria

The Czech Republic

Hungary

Poland

Romania

Rest Of Eastern Europe

WESTERN EUROPE

Germany

United Kingdom

France

The Netherlands

Italy

Spain

Rest Of Western Europe

ASIA PACIFIC

China

India

Japan

South Korea

Malaysia

Thailand

Vietnam

The Philippines

Australia

New-Zealand

Rest Of APAC

MIDDLE EAST & AFRICA

Turkey

Bahrain

Kuwait

Saudi Arabia

Qatar

UAE

Israel

South Africa

SOUTH AMERICA

Brazil

Argentina

Rest of South America



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Electric Blankets Key Competitors include:



Chengdu Rainbow Appliance (China)

Sunbeam Products (US)

Caiyang (Malta)

Shanghai Xiaomianyang Electric

Qingdao Qindao Electric (China)

MORITA

Sojoy

Beurer (Germany)

Tenacta Group

Glen Dimplex (Morphy Richards and Dimplex) (Europe)

Slumberdown (UK)

Bokuk Electronics (South Korea), and other major players.

Key questions answered in Electric Blankets Market report are:



Which market segment dominated the global Electric Blankets market in 2023?

What are the current global trends in the Electric Blankets market?

What future industry applications and trends are emerging in the Electric Blankets market?

What growth strategies are companies adopting to expand their presence in the Electric Blankets market?

Who are the leading companies in the Electric Blankets market, and what are their product portfolios?

What are the primary challenges that the Electric Blankets market may face in the future?

Which region had the largest share of the Electric Blankets market in 2023?

How is the regulatory environment influencing the Electric Blankets market?

Key Offerings:



Market Size, Share, Size & Forecast by Different Segments | 2024−2032

Electric Blankets Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region

Market Trend Analysis

Pestle Analysis

Porter’s Five Forces Analysis

Industry Value Chain Analysis

Ecosystem

Regulatory Landscape

Price Trend Analysis

Patent Analysis

Technology Evolution

Investment Pockets

Electric Blankets Market Segmentation

Competitive Landscape – Profiles of selected key players in a strategic perspective

Competitive landscape – Competitive Benchmarking, Electric Blankets Market Share by Manufacturer (2023), Industry BCG Matrix, Heat Map Analysis, Mergers & Acquisitions

Analyst Viewpoint and Conclusion





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Introspective Market Research Pvt Ltd

Akshay Patil

+91-8180096367

sales@introspectivemarketresearch.com

Source: EmailWire.Com

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