Overview and Scope
Electric blankets are bedding items equipped with electrical heating elements that warm the bed, often controlled by a thermostat or a remote control. These are designed with safety features to prevent overheating and offer a convenient and energy-efficient way to stay warm during the colder months.
Sizing and Forecast
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.
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The electric blankets market covered in this report is 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
North America was the largest region in the electric blankets market in 2023. The regions covered in the electric blankets market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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. For instance, in Jan 2023, according to the American Hotel & Lodging Association, a US-based national organization, hotel demand improved by 11.1% from 2021 to 2022. Furthermore, the hotel industry is projected to achieve 1.3 billion occupied room nights in 2023 which indicates a significant increasing consumer demand for hotel accommodations. Therefore, the increasing consumer demand for luxury and comfort in hotels and resorts is driving the growth of the electric blankets market.
Key Industry Players
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
The electric blankets market report table of contents includes:
1. Executive Summary
2. Electric Blankets Characteristics
3. Electric Blankets Trends And Strategies
4. Electric Blankets – Macro Economic Scenario
5. Global Electric Blankets Size and Growth
…..
32. Global Electric Blankets Competitive Benchmarking
33. Global Electric Blankets Competitive Dashboard
34. Key Mergers And Acquisitions In The Electric Blankets
35. Electric Blankets Future Outlook and Potential Analysis
36. Appendix
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