What Are The 5 Takeaways From The Electric Blankets Market Overview 2024
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The electric blankets market size has grown strongly in recent years. It will grow from $1.16 billion in 2023 to $1.24 billion in 2024 at a compound annual growth rate (CAGR) of 6.82%. The growth in the historic period can be attributed to increased comfort and convenience, increased affordability and accessibility, increased consumer lifestyle changes.
The electric blankets market size is expected to see strong growth in the next few years. It will grow to $1.56 billion in 2028 at a compound annual growth rate (CAGR) of 5.87%. The growth in the forecast period can be attributed to increasing health consciousness, aging population, increasing consumer demand for luxury and comfort in hotels and resorts, increasing customization and personalization. Major trends in the forecast period include integration of advanced safety features, growing popularity of heated mattress pads, expansion of product offerings with customizable heat settings, adoption of smart technology for remote control, integration of therapeutic features, collaboration with home automation systems, adoption of sustainable manufacturing practices.
The increasing consumer demand for luxury and comfort in hotels and resorts is expected to propel the growth of the electric blankets market going forward. A hotel is an establishment that offers short-term accommodation to guests, typically on a nightly basis. Travelers are seeking high-end amenities, personalized services, and premium experiences during their stays, this trend reflects a shift in consumer preferences towards indulgence, relaxation, and exclusivity in their accommodation choices. Electric blankets, with their ability to provide customizable warmth and comfort, align well with these objectives.
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What Are The Key Trends That Influence Electric Blankets Market Share Analysis?
Major companies operating in the electric blankets market are developing innovative products such as smart electric blanket to advance the product offering and comfort. A smart electric blanket is an advanced version of a traditional electric blanket that allows users to remotely control its temperature.
Which Market Players Are Driving Growth In The Electric Blankets Market?
Major companies operating in the electric blankets market are Medline Industries Inc., Hudson’s Bay Company, Pendleton Woolen Mills, Beurer GmbH, Dimplex North America Limited, Morphy Richards Ltd., Silentnight Group Ltd., Boll & Branch, Sunbeam Products Inc., Faribault Woolen Mill, Jarden Corporation, Perfect Fit Industries LLC, Biddeford Blankets LLC, Shanghai Easun Group, Amritsar Swadeshi Textile Corporation Pvt. Ltd., URBANARA GmbH, Chellco Industries Limited, Youngman Woollen Mills Private Limited, Barker Textiles UAB, Kanata Blanket Co., Bokuk Electronics Co. Ltd., Qingdao Qindao Electric Appliance Co. Ltd., Tenacta Group S.P.A., Heatrae Sadia
How Is The Global Electric Blankets Market Segmented?
1) By Type: Over Blankets; Under Blankets; Electric Pads
2) By Material: Wool; Cotton; Polyester; Acrylic; Other Material
3) By Price Range: Economy; Mid-range; Premium
4) By Size: Single Size; Full Or Queen Size; King Size
5) By End User: Hotel; Hospital; Household
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The Electric Blankets Global Market Report 2024 provides an overview of the electric blanketsmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The electric blankets market forecast analyzes electric blankets market size, electric blankets market share, leading competitor and their market positions.
The Table Of Content For The Electric Blankets Market Include
1. Electric Blankets Market Executive Summary
2. Electric Blankets Market Segments
3. Electric Blankets Market Size And Template Market Growth Rate
4. Key Electric Blankets Market Trends
5. Major Electric Blankets Market Drivers
……
25. Key Mergers And Acquisitions In The Electric Blankets Market
26. Top Electric Blankets Companies
27. Electric Blankets Market Opportunities And Strategies
28. Electric Blankets Market, Conclusions And Recommendations
29. Appendix
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