According to Custom Market Insights (CMI), the Global Electric Blankets Market was valued at approximately USD 835.14 million in 2021. The market is projected to grow significantly and is anticipated to reach nearly USD 1680 million by the end of 2030. This reflects a compound annual growth rate (CAGR) of about 8.4% during the forecast period spanning from 2022 to 2030.
The report offers an in-depth analysis of the market’s key driving forces, potential restraints, and emerging opportunities. Furthermore, it presents a comprehensive competitive landscape analysis of the global electric blankets market.
The primary objective of the Global Electric Blankets Market report is to equip industry participants, including investors, corporate decision-makers, private equity firms, and stakeholders, with thorough and reliable information. This enables informed strategic decisions concerning the anticipated developments and dynamics shaping the electric blankets market worldwide.
Electric Blankets Market: Overview
Electric blankets have emerged as a practical and economical alternative to conventional heating systems, especially in regions experiencing extended and harsh winter seasons. These blankets provide consistent warmth and comfort and are generally more cost-effective than space heaters.
To meet growing consumer demand, manufacturers have increasingly focused on producing well-insulated electric blankets that incorporate thick fleece for enhanced warmth. Technological advancements have led to the development of products that are not only portable but also washable for user convenience. For example, Medisana HDW has launched a microfiber fleece electric blanket that is machine washable and features four adjustable heat settings. Other comparable products in this segment include the Imetec 16175 and Klarstein Dr. Watson XL, which offer advanced user-friendly features.
Browse the full report “Electric Blanket Market Size, Trends and Insights By Distribution Channel (Offline Sales, Online Sales), By End-user (Hotels, Hospitals, Households), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” at: https://www.custommarketinsights.com/report/electric-blankets-market/
Growth Factors
One of the primary factors contributing to the growth of the electric blankets market is the increasing consumer preference for high-quality, comfortable, and luxury bedding products. This trend is further supported by ongoing urbanization worldwide, which has driven demand for modern home comforts.
The elderly population, in particular, plays a significant role in driving market growth due to their increased vulnerability to cold temperatures. Electric blankets offer therapeutic benefits for individuals suffering from a variety of pain-related conditions, such as arthritis, muscle soreness, sinus issues, fibromyalgia, and menstrual cramps.
Moreover, continuous product innovation is expected to further support market expansion. Manufacturers are introducing new features such as battery operation, lightweight portability, water and stain resistance, mobile charging capabilities, and microfiber fleece material for enhanced insulation.
Segmental Overview
The electric blankets market is segmented based on distribution channels and end users. In terms of end-user segments, households represented the largest market share in 2021, contributing over 40 percent. This dominance can be attributed to rising disposable incomes and increasing rates of home ownership in emerging economies.
The trend of adopting convenient consumer electronics is likely to further accelerate demand for electric blankets in the years ahead. Countries like China are witnessing improved living standards, which are expected to boost product uptake. Electric blankets are especially valued for their affordability, comfort, and wide-ranging health benefits across various age groups.
Regional Overview
The North American region is forecasted to experience robust growth during the 2022 to 2030 period. A combination of higher income levels, enhanced living standards, and colder climatic conditions has led to greater demand for electric bedding products across the region.
The demand for electric blankets in North America has been further driven by their effectiveness in alleviating discomfort related to specific health conditions. These blankets are designed with built-in circuits that ensure even heat distribution, promoting better sleep and improved mood. Features like adjustable temperature settings and ease of use continue to appeal to a broad consumer base.
For instance, in July 2021, Beraraby introduced the Travel Napper, a portable electric blanket tailored for use on trains, airplanes, and other forms of public transportation. Such innovations are expanding the use cases for electric blankets and contributing to growing consumer interest.
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Key Players Insights
Key players in the global electric blankets market include Jarden Corporation, Morphy Richards Ltd., Shanghai Shenda Co. Ltd., Snugnights UK LLP, Caiyang, Beurer GmbH, Slumberdown, Shijiazhuang Mengjie Industry Co. Ltd., and Silentnight Group Ltd.
These companies are actively focusing on enhancing product safety and functionality by investing in research and development. Consumer demand for safer and more efficient heating solutions has led manufacturers to explore new technologies and materials. The industry is witnessing a trend towards the development of energy-efficient and user-friendly heating devices.
Prominent Companies in the Market
Jarden Corporation
Caiyang
Morphy Richards Ltd.
Shanghai Shenda Co. Ltd.
Snugnights UK LLP
Beurer GmbH
Shijiazhuang Mengjie Industry Co. Ltd.
Slumberdown
Silentnight Group Ltd.
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