[227+ Pages Report] According to the report published by Facts Factors, the global electric blankets market size was worth around USD 1.03 billion in 2022 and is predicted to grow to around USD 1.89 billion by 2030 with a compound annual growth rate (CAGR) of roughly 7.71% between 2023 and 2030. The report analyzes the global electric blankets market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the electric blankets market.
The industry is a sub-segment of the larger bedding and home textile market. It revolves around the raw material procurement, production, sales, and distribution of electric blankets. These covering materials are bedding products that make use of electricity to provide comfort and warmth to the user. There are several factors responsible for the revenue in the industry including growing awareness, a rising number of players, product efficiency, and others to name a few.
The market is run by a large variety of electric blankets like over blankets, under blankets, throws, and duvets that are sold across colors, sizes, designs, and materials thus providing options to the large consumer database that exists in the industry. The production and sales of electric blankets are highly competitive since there is a presence of a large number of suppliers and manufacturers offering products at different price points.
The global electric blankets market is projected to grow owing to the growing demand amongst the consumer group for cost-effective bedding products. Electric blankets are designed so that they can provide warmth to the consumer by using lesser energy as compared to traditional heating measures The growing focus on energy conservation and achieving energy efficiency, the demand for electric blankets is surging rapidly, especially in regions that suffer from extremely low temperatures and areas that do not have proper infrastructure that allows them to use traditional methods of heating a room. This has led to an overall increase in energy and cost-efficient bedding products like electric blankets. Furthermore, the changing lifestyles of the users allow them to experiment with the day-to-day products and since electric blankets are significantly new, they are currently attracting a lot of attention.
Electric blankets are powered by electricity. In case they are not used properly or precautionary measures are not followed, they can be harmful especially if they are being used by children or elderly citizens. Although modern electric blankets are designed to minimize any risk of electric shock, there are other factors that can impact the blanket's performance. For instance, overheating and the absence of ground fault protection. The growing concerns over the safety of the blankets are projected to restrict market expansion.
One of the leading characteristics of the global industry is the constant effort toward product innovation and differentiation. This trend has given rise to intense competition in the market, the result of which are improvements in product deliverables. This aspect provides market players with an opportunity to enhance product quality by adding new features, designs, and safety protocols. For instance, manufacturers can make use of wireless connectivity to regulate the heating process in such blankets.
Electric blankets are relatively new in the bedding industry and along with internal competition, they also faced opposition from the availability of other alternatives like comforters, traditional blankets, space heaters, and other devices that can provide heat. These alternatives may be cheaper and still provide the same result as electric blankets. Furthermore, certain segments of the consumer group may believe electric blankets as just fancy products without any actual use. It is difficult to change the perception and is time-consuming.
The global electric blankets market is segmented based on material, type, and region.
Based on material, the global market divisions are cotton, wool, acrylic, polyester, and others.
Based on type, the global market divisions are electric pads, under-blankets, and over blankets
Report Attribute |
Details |
Market Size in 2022 |
USD 1.03 Billion |
Projected Market Size in 2030 |
USD 1.89 Billion |
CAGR Growth Rate |
7.71% CAGR |
Base Year |
2022 |
Forecast Years |
2023-2030 |
Key Market Players |
Koninklijke Philips N.V., Biddeford Blankets LLC, Sunbeam Corporation, De'Longhi Group, Perfect Fit Industries, Soft Heat, Electric Blanket Institute, Slumberdown, Serta, Beurer GmbH, Pifco, Berkshire Blanket, Tesco, Breville Group Limited, Jarden Consumer Solutions, Morphy Richards, Medisana AG, Imetec S.p.A, Dreamland Electric Blankets, Silentnight, and others. |
Key Segment |
By Material, Type, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
Request customized purchase options to meet your research needs. Explore purchase options |
The global electric blankets market is projected to register the highest growth in Asia-Pacific with China emerging as one of the most dominant contributors. It is also the largest exporter of electric blankets. The growth is driven by the high demand for the product in the country. China is known to provide mass products that are sold at cheaper prices across the globe. The country has generated significant revenue by producing and selling everyday products at low prices. It also fosters product innovation and development at a rapid rate. This is the reason why many consumer goods are exported from China to its trading countries.
Furthermore, the growing number of people in low or medium-income families are major contributors to the regional market since regionally produced electric blankets are low in cost and provide warmth against the harsh cold environment.
The global electric blankets market is segmented as follows
Copyright © 2023 - 2024, All Rights Reserved, Facts and Factors