Electric Blankets Market Share, Size, Growth Report | 2031
Electric Blankets Market Share, Size, Growth Report | 2031
Segments - Electric Blankets Market by Distribution Channels (Offline and Online), End-users (Hotels, Hospitals, and Households), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023–2031
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| Report ID :CG-318
| 4.1 Rating
| 65 Reviews
| 198 Pages
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Report Description
Electric Blankets Market Outlook 2031
The global electric blankets market size was valued at USD XX Billion in 2022 and is estimated to reach USD XX Billion by 2031 expand at a CAGR of 6.9% during the forecast period, 2023 – 2031. The growth of the market is attributed to the increasing technological advancements in consumer convenient products across the globe.
Electric Blankets can be warmed before use. They are usually preferred in countries that have long and harsh winters. These blankets are less expensive than heaters. Washable and portable electric blankets are the latest developments of the market. Rising demand for convenient and warm sleeping experience in winters is expected to drive the market growth. Moreover, establishment of stain-resistant, water-proof, mobile chargeable, battery-powered, and light-weight products are expected to rise the product demand around the world.
Leading manufacturers are focusing on adopting latest technologies in electric blankets such as deploying well-insulated sheets lined with thick fleece to provide required warmth and natural insulation. Moreover, these products are washable and portable. For instance, Medisana HDW announced the launch of a blanket that is machine washable and is made out of microfiber fleece. It has been provided with four stages of heat settings for better heat control.
Electric Blankets Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand for energy efficient products is driving the market growth.
- Electric blankets are generally used in winters only. Thus, seasonality of electric blanket is expected to restrain the market growth.
- Low-frequency electromagnetic fields produced by this device can be harmful to the fetus. Thus, the safety concerns regarding the blanket is a major factor impeding the market growth.
- Growing awareness about the benefits of these products such as relief from muscle pain and sinus is driving the market growth.
- Affordability, comfort, and convenience are the key factors spurring the growth of electronic blankets market.
Scope of The Electric Blankets Market Report
The report on the global electric blankets market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Electric Blankets Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Distribution Channels (Offline and Online), End-users (Hotels, Hospitals, and Households) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered |
Jarden Corporation, Shanghai Shenda Co. Ltd., Morphy Richards Ltd., Snugnights UK LLP, Beurer GmbH, Caiyang Slumberdown, Shijiazhuang Mengjie Industry Co. Ltd. Silentnight Group Ltd and Medisana HDW |
Global Electric Blankets Market Segment Insights
Offline segment to account for a significant market share.
Based on distribution channels, the market is segmented into offline and online. The offline segment is expected to witness an impressive growth rate owing to the increasing product visibility and presence of the products in brick and mortar stores. Additionally, easy availability of these products is expected to fuel the segment growth. However, the online segment is anticipated to register a substantial CAGR owing to the growing inclination of consumers toward online shopping.
Household segment anticipated to account for a considerable market share.
On the basis of end users, the market is bifurcated into hotels, hospitals and households. In 2020, the households segment accounted for a key share of the market owing to increasing disposable income along with the rise in the home ownership across the globe.
The introduction of technologically advanced convenient consumer products and improving lifestyle of people are expected to drive the segment growth during the forecast period. Moreover, inclining consumer preference of various age groups for the product owing to affordability, comfort, and benefits is driving the market segment growth.
North America anticipated to account for a large market share.
In terms of regions, the market is classified into Asia Pacific, North America, Latin America, Europe and Middle East & Africa. The market in North America is expected to register a CAGR of 7.3% owing to the consumer preference for heating devices that inculcates comfort during harsh winters. Growing demand for various flexible heating products is attributed to the weather conditions in the region.
The market in Asia pacific is estimated to witness a substantial growth rate owing to the increasing use and availability of electric blankets in emerging economies.
Segments
The global electric blankets market has been segmented on the basis of
Distribution Channels
- Offline
- Online
End Users
- Hotels
- Hospitals
- Households
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Jarden Corporation
- Shanghai Shenda Co. Ltd.
- Morphy Richards Ltd.
- Snugnights UK LLP
- Beurer GmbH
- Caiyang Slumberdown
- Shijiazhuang Mengjie Industry Co. Ltd.
- Silentnight Group Ltd
- Medisana HDW
Competitive Landscape
Some of the leading manufacturers in the global electric blankets market are Jarden Corporation, Shanghai Shenda Co. Ltd., Morphy Richards Ltd., Snugnights UK LLP, Beurer GmbH, Caiyang Slumberdown, Shijiazhuang Mengjie Industry Co. Ltd. Silentnight Group Ltd and Medisana HDW.
Manufacturers are focusing on development of safer and innovative heating products to serve the consumer needs. Increasing safety concerns has led to growing investment in R&D activities, which is expected to help the companies to expand their market share.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Blankets Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electric Blankets Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric Blankets Market - Supply Chain
4.5. Global Electric Blankets Market Forecast
4.5.1. Electric Blankets Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Blankets Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Electric Blankets Market Absolute $ Opportunity
5. Global Electric Blankets Market Analysis and Forecast by End Users
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by End Users
5.2.2. Y-o-Y Growth Projections by End Users
5.3. Electric Blankets Market Size and Volume Forecast by End Users
5.3.1. Hotels
5.3.2. Hospitals
5.3.3. Households
5.4. Absolute $ Opportunity Assessment by End Users
5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Electric Blankets Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Electric Blankets Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Electric Blankets Demand Share Forecast, 2019-2026
7. North America Electric Blankets Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Electric Blankets Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Electric Blankets Market Size and Volume Forecast by End Users
7.4.1. Hotels
7.4.2. Hospitals
7.4.3. Households
7.5. Basis Point Share (BPS) Analysis by End Users
7.6. Y-o-Y Growth Projections by End Users
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Electric Blankets Demand Share Forecast, 2019-2026
8. Latin America Electric Blankets Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Electric Blankets Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Electric Blankets Market Size and Volume Forecast by End Users
8.4.1. Hotels
8.4.2. Hospitals
8.4.3. Households
8.5. Basis Point Share (BPS) Analysis by End Users
8.6. Y-o-Y Growth Projections by End Users
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Electric Blankets Demand Share Forecast, 2019-2026
9. Europe Electric Blankets Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Electric Blankets Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Electric Blankets Market Size and Volume Forecast by End Users
9.4.1. Hotels
9.4.2. Hospitals
9.4.3. Households
9.5. Basis Point Share (BPS) Analysis by End Users
9.6. Y-o-Y Growth Projections by End Users
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Electric Blankets Demand Share Forecast, 2019-2026
10. Asia Pacific Electric Blankets Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Electric Blankets Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Electric Blankets Market Size and Volume Forecast by End Users
10.4.1. Hotels
10.4.2. Hospitals
10.4.3. Households
10.5. Basis Point Share (BPS) Analysis by End Users
10.6. Y-o-Y Growth Projections by End Users
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Electric Blankets Demand Share Forecast, 2019-2026
11. Middle East & Africa Electric Blankets Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Electric Blankets Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Electric Blankets Market Size and Volume Forecast by End Users
11.4.1. Hotels
11.4.2. Hospitals
11.4.3. Households
11.5. Basis Point Share (BPS) Analysis by End Users
11.6. Y-o-Y Growth Projections by End Users
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Electric Blankets Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Electric Blankets Market: Market Share Analysis
12.2. Electric Blankets Distributors and Customers
12.3. Electric Blankets Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Jarden Corporation
12.4.2. Shanghai Shenda Co. Ltd.
12.4.3. Morphy Richards Ltd.
12.4.4. Snugnights UK LLP
12.4.5. Beurer GmbH
12.4.6. Caiyang Slumberdown
12.4.7. Shijiazhuang Mengjie Industry Co. Ltd.
Methodology
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