Electric Blankets Market Size, Share, Growth & Trends Forecast
IMARC Group, a leading market research company, has recently released a report titled “Electric Blankets Market Report by Type (Electric Under Blankets, Electric Over Blankets), Size (Single Size, Double Size, King Size), Material (Wool, Cotton, Polyester, Acrylic, and Others), Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Stores, and Others), End User (Commercial, Residential), and Region 2024-2032”. The study provides a detailed analysis of the industry, including the global electric blankets market share, trends, size, and industry growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global electric blankets market size reached USD 1.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 1.9 Billion by 2032, exhibiting a growth rate (CAGR) of 6.56% during 2024-2032.
Global Electric Blankets Market Trends:
The increasing prevalence of conditions like arthritis and fibromyalgia, coupled with the aging population, is driving the growth of the electric blankets market. These blankets offer targeted warmth and pain relief, addressing the specific needs of individuals with chronic pain or mobility issues, thus expanding their adoption and market reach.
In addition to this, the rising consumer awareness about the importance of quality sleep and its impact on overall health is acting as another significant growth-inducing factor. As people prioritize sleep hygiene, they seek products like electric blankets that promote better sleep quality by providing warmth and comfort, driving market expansion.
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Factors Affecting the Growth of the Electric Blankets Industry:
· Comfort and convenience:
Electric blankets offer users the ability to regulate their body temperature while sleeping, thereby enhancing overall comfort during colder months or in regions with colder climates. Unlike traditional blankets, electric blankets can be adjusted to different temperature settings, allowing users to customize their sleeping experience according to their preferences. This versatility appeals to consumers seeking personalized comfort solutions for a better night's sleep. Electric blankets also provide convenience by eliminating the need for additional layers of bedding or constant adjustments to room temperature. With the simple flick of a switch or adjustment of a control panel, users can quickly warm up their beds without having to wait for traditional blankets to generate heat. This convenience factor is particularly appealing to individuals with busy lifestyles who value time-saving solutions.
· Energy efficiency and cost savings:
Another significant driver of the electric blankets market is the growing emphasis on energy efficiency and cost savings. Electric blankets are designed to provide localized warmth, allowing users to heat only the specific area of the bed they occupy rather than heating an entire room. This targeted heating approach reduces energy consumption compared to central heating systems, resulting in cost savings for consumers.
Additionally, electric blankets are often equipped with features such as automatic shut-off timers or energy-saving modes, further optimizing their energy efficiency and reducing electricity bills. As consumers become increasingly conscious of their environmental impact and seek ways to reduce energy usage, electric blankets present an attractive option for maintaining warmth without excessive energy consumption.
· Technological advancements and product innovation:
Technological advancements and product innovation play a crucial role in driving the electric blankets market forward. Manufacturers continually invest in research and development to enhance the performance, safety, and features of electric blankets, thereby expanding their appeal to consumers. Modern electric blankets incorporate advanced materials, such as microfiber or fleece, which improve durability, softness, and heat distribution.
Furthermore, innovative features like dual-zone temperature control, wireless remote operation, and compatibility with smart home systems are increasingly being integrated into electric blankets, catering to the evolving needs and preferences of tech-savvy consumers. These advancements not only enhance the functionality and user experience of electric blankets but also differentiate them from traditional bedding options, driving market growth and competitiveness.
Electric Blankets Market Report Segmentation:
By Type:
· Electric Under Blankets
· Electric Over Blankets
Based on the type, the market has been bifurcated into electric under blankets and electric over blankets.
By Size:
· Single Size
· Double Size
· King Size
On the basis of size, the market has been divided into single size, double size, and king size
By Material:
· Wool
· Cotton
· Polyester
· Acrylic
· Others
Based on the material, the market has been categorized into wool, cotton, polyester, acrylic, and others.
By Distribution Channel:
· Supermarkets and Hypermarkets
· Specialty Stores
· Online Stores
· Others
On the basis of the distribution channel, the market has been divided into supermarkets and hypermarkets, specialty stores, online stores, and others.
By End User:
· Hotels
· Hospitals
· Others
· Residential
Based on the end-user, the market has been classified as commercial (hotels, hospitals, and others) and residential.
Regional Insights:
· North America
· Asia-Pacific
· Europe
· Latin America
· Middle East and Africa
Region-wise, the market has been segmented into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.
Competitive Landscape with Key Players:
The competitive landscape of the electric blankets market size has been studied in the report with the detailed profiles of the key players operating in the market.
Some of These Key Players Include:
· Argos Limited (J Sainsbury Plc)
· Beurer GmbH
· Biddeford Blankets LLC (Microlife Corporation)
· CDB Goldair
· Glen Dimplex Group
· MAXSA Innovations LLC
· Morphy Richards Limited
· Shavel Associates Inc.
· Silentnight Group Limited
· Slumberdown Group Limited (John Cotton Group Limited)
· Sunbeam Products Inc. (Newell Brands Inc).
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Key Highlights of the Report:
· Market Performance (2018-2023)
· Market Outlook (2024-2032)
· Market Trends
· Market Drivers and Success Factors
· Impact of COVID-19
· Value Chain Analysis
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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