PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1290825
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1290825
Electric Blankets Market size was valued at USD 1,085.5 Million in 2022, expanding at a CAGR of 7.7% from 2023 to 2030.
A blanket having electrical heating components that can be adjusted to give comfort and warmth during colder weather is known as an electric blanket. These blankets are made to be plugged into an electrical outlet, and they frequently contain a number of heat settings that let the user choose the warmth to suit their tastes. Electric blankets come in a range of sizes and may be used on a bed, couch, or recliner. They are frequently crafted from plush fabrics like fleece or microfiber. Also, some electric blankets have safety features including automatic shut-off mechanisms that guard against overheating and electrical mishaps.
In regions that endure rapid dips in temperature or cold snaps, including parts of the United States and Europe, electric blankets are also very common. Electric blankets can offer a quick and simple option to enable those in these places who may not be used to the harsh cold feel warm and comfortable during these colder months. In order to provide ample insulation and natural warmth, more businesses are concentrating on developing thick fleece wrapped with well-insulated sheets. For example, Medisana HDW has produced a machine-washable blanket and a microfiber fleece blanket. It has four heat settings with varying degrees of control. The other items in this group are Imetec 16175, Klarstein, Dr. Watson, and XLand. These developments are anticipated to drive the market growth.
The Global Electric Blankets Market is segmented on the basis of Product, Material, End-use, and Region.
The market is divided into three categories based on product: over blankets, under blankets, and electric pads. The under blankets dominated the market. Heating pads that go below the bottom sheet and over the mattress to provide heat from underneath are referred to as under blankets, heated mattress pads, or electric fitted sheets. Electric pads, on the other hand, are heating pads used to warm body parts and relieve agony. Among these, it is projected that the demand for under blankets would increase more so over the projection period. The rising consumer preference for comfortable, opulent, and premium bedding products as well as worldwide urbanization are two main reasons that are anticipated to enhance the need for under blankets in the market.
The market is divided into two categories based on End-use: household and commercial. The household sector dominates the market and is likely to maintain its dominance during the forecast period. The expansion of the market has been aided by rising consumer disposable income and a rise in house ownership in various emerging nations. During the next several years, it's anticipated that rising standards of living, particularly in China, and the release of simple consumer technology items would increase the usage of electric blankets.
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. Regions with colder climates and longer winter seasons, such as North America, Europe, and parts of Asia, are expected to have a higher demand for electric blankets. In addition, countries with a higher disposable income and a larger aging population, such as Japan and Western Europe, are expected to have a higher demand for electric blankets as well.
The market for electric blankets is highly competitive, with both long-standing companies and recent newcomers competing for market dominance. These businesses compete on elements including product characteristics, cost, caliber, and distribution methods. The market is also distinguished by a high level of innovation, with participants consistently launching new designs and specifications to set themselves apart from competitors.
In November 2022, Plymouth's Member of Parliament declared that he wanted to raise about $2,000 in donations. Plymouth is a city in England. The funds raised are utilized to purchase electric blankets, which will then be given out to low-income families to help them stay warm throughout the chilly winter.
The scope of this report covers the market by its major segments, which include as follows: