Electric Blankets Market Future Scope: Growth, Share, Value, Insights, and Trends
Global Electric Blankets Market, By Type (Over Blankets, Under Blankets, and Electric Pads), End User (Hotel, Hospital, and Household), Price Range (Economy, Mid-range, and Premium), Size (Single Size, Full/Queen Size and King Size), Material (Wool, Cotton, Polyester, Acrylic, and Other Materials), Sales Channel (Direct and Indirect) - Industry Trends and Forecast to 2031.
The Electric Blankets Market sector is expected to undergo significant evolution, with substantial growth and advancements anticipated by 2031. An in-depth analysis of market size, share, and trends is provided through comprehensive market research, offering crucial insights into its expansion. Market segmentation and definitions are explored, with key components and drivers being highlighted. A SWOT analysis gives you a better insight into your internal and external business environment. However, it does not always prioritise the results, which can lead to an improper strategic action
Electric Blankets Market Industry Trends and Forecast to 2031
What are the projected market size and growth rate of the Electric Blankets Market?
Data Bridge Market Research analyses that the Global Electric Blankets Market which was USD 1.1 Million in 2023 is expected to reach USD 1.99 Billion by 2031 and is expected to undergo a CAGR of 7.70% during the forecast period of 2023 to 2031
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Which are the top companies operating in the Electric Blankets Market?
The report profiles noticeable organizations working in the water purifier showcase and the triumphant methodologies received by them. It likewise reveals insights about the share held by each organization and their contribution to the Electric Blankets Market extension. This Electric Blankets Market report provides the information of the Top 10 Companies in Electric Blankets Market in the market their business strategy, financial situation etc.
Electric Blankets Market Analysis 2023, 2031
The global electric blankets market is expected to witness substantial growth in the forecast period of 2023 to 2031. The demand for electric blankets is on the rise due to factors such as increasing awareness about energy-efficient heating solutions, rising disposable income, and the growing adoption of smart home technology. Additionally, the comfort and convenience offered by electric blankets, especially in cold regions, are driving market growth.
Segments:
- Product Type: Under Blankets, Over Blankets, Electric Mattress Pads
- Material: Cotton, Polyester, Fleece
- End-User: Residential, Commercial
Market Players:
- Sunbeam Corporation
- Biddeford Blankets
- Silentnight Group
- Morphy Richards
- Bambury
- Beurer
- Shavel Home Products
- Serta
- Soft Heat
The competitive landscape of the electric blankets market is characterized by the presence of both established players and new entrants offering innovative products to cater to the evolving consumer preferences. Companies are focusing on product development, strategic partnerships, and geographical expansion to gain a competitive edge in the market. With the increasing emphasis on sustainability and energy efficiency, manufacturers are also investing in research and development to introduce eco-friendly electric blankets that meet stringent regulatory standards.
Overall, the electric blankets market is anticipated to witness significant growth during the forecast period, driven by the increasing consumer inclination towards energy-efficient and convenient heating solutions. Technological advancements, coupled with changing lifestyle preferences, are expected to further propel market growth. The residential segment is likely to dominate the market, owing to the rising adoption of electric blankets in households for enhanced comfort and warmth during cold weather conditions. Additionally, the commercial sector is also expected to contribute to market growth, particularly in regions with extreme climatic conditions where electric blankets are used in hospitality and healthcare facilities.
The electric blankets market is poised for significant growth as consumers increasingly seek energy-efficient and convenient heating solutions for their homes and commercial establishments. One key trend driving market expansion is the growing popularity of smart home technologies, which enable users to control and monitor their electric blankets remotely. This advancement aligns with the broader shift towards connected living spaces and reflects consumers' desire for seamless integration of technology into everyday comfort products.
In addition to technological advancements, the market is witnessing a surge in demand for eco-friendly electric blankets made from sustainable materials. Manufacturers are responding to this trend by innovating with natural fibers, recycled fabrics, and energy-efficient heating elements. This focus on sustainability not only caters to environmentally conscious consumers but also aligns with regulatory standards aimed at reducing the carbon footprint of household appliances.
Moreover, the market players are increasingly investing in product diversification to cater to a wide range of consumer preferences. From ultra-soft fleece blankets to moisture-wicking materials for temperature regulation, manufacturers are striving to offer tailored solutions that meet the unique needs of various end-users. This customer-centric approach is driving innovation in product design, functionality, and user experience, leading to a more competitive and dynamic market landscape.
Furthermore, the commercial sector presents a significant growth opportunity for electric blankets, particularly in industries such as hospitality and healthcare. Electric blankets are utilized in hotels, hospitals, and nursing homes to provide guests and patients with enhanced comfort and warmth. As these sectors prioritize customer satisfaction and overall well-being, the adoption of electric blankets as a premium amenity is expected to increase, further fueling market growth.
Overall, the electric blankets market is poised for robust expansion driven by technological innovation, consumer demand for sustainable products, and the diversification of offerings to cater to different market segments. As manufacturers continue to focus on product development, strategic partnerships, and sustainability initiatives, the market is likely to evolve with more advanced and environmentally friendly electric blanket options. With the increasing emphasis on comfort, convenience, and energy efficiency, electric blankets are set to become.
Market Players:
- 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)
- Morphy Richards (England)
- Silentnight Group Limited (U.K.)
- Barker Textiles UAB (Lithuania)
- Kanata Blanket Co. (Canada)
- Faribault Woolen Mill (U.S.)
The electric blankets market is experiencing significant growth driven by various factors such as the increasing consumer demand for energy-efficient and convenient heating solutions. One of the key trends shaping the market is the integration of smart home technologies, allowing users to control their electric blankets remotely and enhancing comfort and convenience. Moreover, there is a growing preference for eco-friendly electric blankets made from sustainable materials, as manufacturers focus on meeting consumer preferences and regulatory standards for reducing carbon footprints.
Product diversification is another strategy adopted by market players to cater to a wide range of consumer preferences. By offering a variety of materials, designs, and functionalities, manufacturers are ensuring that electric blankets meet the unique needs.
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