A persuasive Electric Blankets market report serves to be an ideal solution for better understanding of the market and high business growth. It has become the requisite of this rapidly changing market place to take up such marker report that makes aware about the market conditions around. This market report comprises of an array of factors that have an influence on the market and industry which are industry insight and critical success factors (CSFs), market segmentation and value chain analysis, industry dynamics, drivers, restraints, key opportunities, technology and application outlook, country-level and regional analysis, competitive landscape, company market share analysis and key company profiles.
Data Bridge Market Research analyses that the electric blankets market was 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. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.
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Market Overview:
An electric blanket is a blanket that comprises integrated electrical heating wires. Types include over blankets, throws, under blankets, and duvets. An electric blanket is placed below the bottom bed sheet and above the mattress. This is the most common type in Commonwealth countries and the U.K., where it is recognized by default as an "electric blanket"; in Canada and the U.S., where it is less common, it is named an electric heated mattress pad. An electric over blanket is positioned above the top bed sheet and is the common type in Canada and the U.S., where it is called an "electric blanket."
Some of the major players operating in the electric blankets market are:
- 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.)
Global Electric Blankets Market Dynamics:
Drivers
- Increasing demand for under blankets
Electric pads, over blankets, and under blankets are among the numerous varieties of electric blankets available in the market. Over blankets, as the name suggests, because these blankets are draped over the body. Under blankets, also known as electric fitted sheets or heated mattress pads, are heating pads that go underneath the bottom bed sheet and over the mattress to offer heat from below. In contrast, electric pads are heating pads used to warm portions of the body and manage discomfort. Among them, the demand for under blankets is anticipated to be higher during the forecast period. One of the major factors which are expected to increase the demand for under blankets in the market is the growing customer taste for comfy, luxury, and premium bedding goods, as well as global urbanization.
- Growing demand for electric blankets in various countries with extremely cold and long winters
Electric blankets are getting progressively popular owing to their reasonable expense and augmented use in countries with long winters and extremely cold weather. More companies in the global market are focusing on expanding thick fleece covered with well-insulated sheets to offer plentiful insulation and natural warmth. Manufacturers are also focusing on products that are washable and portable. For instance, Medisana HDW has created a microfibre fleece blanket and machine washable blanket. For better control, it has four degrees of heat settings. Klarstein Dr. Watson XLand Imetec 16175 are the other products in this category. Such innovations are expected to trigger global market growth during the forecast period.
Opportunities
- Increasing Investments in R&D
The growing investment in the growth of sophisticated types of blankets, such as battery-driven, lightweight, durable, water-resistant blankets, and others, as well as the reduction of energy usage, are some of the major factors which is expected to create ample and new opportunities for the growth of the electric blankets market. Manufacturers are also creating microfiber fleece variations to give extra warmth retention and natural insulation. Other factors, such as increasing intensive research and development (R&D) operations to produce unique elder care goods and growing consumer expenditure capabilities, are likely to boost the market even more.
- Growing demand for electric blankets in the commercial sector
Commercial sectors such as hospitals and hotels are anticipated to witness significant growth during the forecast period. Growing the inflow of tourists in colder nations is anticipated to ramp up the use of electric blankets in the hotel sector. Hospitals offer lucrative opportunities for market players because these flexible heating products can aid in maintaining the temperature in a patient's room during severe colds.
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Highlights of TOC:
Chapter 1: Market overview
Chapter 2: Global Electric Blankets Market
Chapter 3: Regional analysis of the Global Electric Blankets Market industry
Chapter 4: Electric Blankets Market segmentation based on types and applications
Chapter 5: Revenue analysis based on types and applications
Chapter 6: Market share
Chapter 7: Competitive Landscape
Chapter 8: Drivers, Restraints, Challenges, and Opportunities
Chapter 9: Gross Margin and Price Analysis
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