Electric Blankets Market Scope: Growth, Share, Value, Size, 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.
Global Electric Blankets Market Analysis 2023-2031
The global electric blankets market is set to witness significant growth between 2023 and 2031, driven by various factors such as increasing consumer preference for energy-efficient and convenient bedding solutions, rising disposable incomes, and growing awareness about the benefits of electric blankets in cold regions. Here is a detailed analysis of the market based on the forecast period:
2023 Outlook
- The market is expected to show steady growth in 2023, with a rising trend of consumers opting for electric blankets for enhanced comfort and warmth during winters.
- Technological advancements in electric blankets, such as improved safety features and customizable settings, are likely to attract a broader consumer base.
- Increasing urbanization and changing lifestyles are anticipated to drive the demand for electric blankets in key regions such as North America and Europe.
2031 Outlook
- By 2031, the global electric blankets market is projected to experience substantial growth, fueled by innovations in material technology, design, and smart features.
- Growing concerns regarding energy conservation and sustainability are likely to push manufacturers towards developing eco-friendly electric blankets with reduced energy consumption.
- Emerging markets in Asia-Pacific and Latin America are expected to offer lucrative opportunities for market players to expand their presence and cater to a wider customer base.
Market Players
- Sunbeam Corporation
- Biddeford Blankets
- Silentnight Group
- Beurer
- Morphy Richards
- Perfect Fit Industries
- Sleep Number Corporation
- WestPoint Home LLC
- SlumberRest
- Kambrook
The global electric blankets market is witnessing a significant shift towards sustainability and energy efficiency, driven by consumer preferences and regulatory initiatives aimed at reducing energy consumption. Manufacturers are increasingly focusing on developing eco-friendly electric blankets that not only offer superior comfort and warmth but also minimize the environmental impact. Innovations in material technology are playing a crucial role in this evolution, with companies exploring sustainable and biodegradable materials for blanket construction. Additionally, the incorporation of smart features such as temperature control, automatic shut-off, and connectivity options are enhancing the user experience and attracting tech-savvy consumers.
One of the key trends shaping the electric blankets market is the growing emphasis on safety features. Manufacturers are investing in advanced technologies to ensure that electric blankets meet stringent safety standards and regulations, thereby instilling trust and confidence among consumers. Fire-resistant materials, overheat protection, and short-circuit prevention mechanisms are becoming standard features in modern electric blankets. This focus on safety not only enhances product reliability but also contributes to the overall market growth by addressing consumer concerns regarding electrical hazards.
Moreover, the market is witnessing a surge in demand for personalized and customizable electric blankets. Consumers are seeking products that offer tailored comfort and preferences, leading manufacturers to introduce innovative designs with adjustable heating levels, dual-zone controls, and programmable settings. The shift towards personalized bedding solutions reflects changing consumer lifestyles and a growing demand for individualized comfort experiences.
In terms of market competition, key players such as Sunbeam Corporation, Biddeford Blankets, and Beurer are investing in research and development to introduce cutting-edge electric blanket technologies. Collaborations with material suppliers, technology partners, and retail channels are enabling these companies to expand their product offerings and reach a wider customer base. Moreover, strategic acquisitions and partnerships are facilitating market players to strengthen their market presence and leverage synergies in product development and distribution.
Looking ahead, the global electric blankets market is poised for continued growth, driven by evolving consumer preferences, technological innovations, and sustainability initiatives. Market players that can adapt to these trends.
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 global electric blankets market is undergoing a significant transformation driven by changing consumer preferences, technological advancements, and sustainability initiatives. Market players are increasingly focusing on developing eco-friendly electric blankets that offer superior comfort while minimizing environmental impact. Safety features have become a crucial aspect of product development, with manufacturers investing in advanced technologies to ensure compliance with stringent safety standards. Personalization and customization are emerging trends in the market, with consumers seeking tailored comfort solutions through adjustable heating levels and programmable settings.
Key market players such as Sunbeam Corporation, Biddeford Blankets, and Beurer are investing in research and development to introduce cutting-edge technologies in electric blankets.
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