Electric Blankets Market Share: Growth, Value, Size, Insights, and Trends
Electric Blankets Market Size And Forecast by 2031
Data Bridge Market Research analyses that the Global Electric Blankets Market which was USD 1.1 Million in 2023 is expected to reach USD 1.99 Billion by 2031 and is expected to undergo a CAGR of 7.70% during the forecast period of 2023 to 2031. Electric Blankets Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of Size, Share, Scope, Demand, Growth, Value, Opportunities, Industry Statistics, Industry Trends, Industry Share, Revenue Analysis, Revenue Forecast, Future Scope, Challenges, Growth Drivers, leaders, graph, insights, Research Report, companies, overview, outlook and factors that are playing a substantial role in the market.
Global Electric Blankets Market Segmentation Analysis
Global Electric Blankets Market, By Type (Over Blankets, Under Blankets, and Electric Pads), End User (Hotel, Hospital, and Household), Price Range (Economy, Mid-range, and Premium), Size (Single Size, Full/Queen Size and King Size), Material (Wool, Cotton, Polyester, Acrylic, and Other Materials), Sales Channel (Direct and Indirect) - Industry Trends and Forecast to 2031.
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Which are the top companies operating in the Electric Blankets Market?
The “Global Electric Blankets Market ”study report will provide a valuable insight with an emphasis on the global market. The report profiles noticeable organizations working in the water purifier showcase and the triumphant methodologies received by them. It likewise reveals insights about the share held by each organization and their contribution to the Electric Blankets Market extension. This Electric Blankets Market report provides the information of the Top 10 Companies in Electric Blankets Market in the market their business strategy, financial situation etc.
**Segments**
- **Product Type**: The electric blankets market is expected to witness growth in various product types such as underblankets, overblankets, throw blankets, and others during the forecast period. Consumers are increasingly looking for technologically advanced electric blankets that offer superior comfort and control features, driving the demand for overblankets and smart electric blankets.
- **Material Type**: The market is segmented based on material type into cotton, polyester, fleece, and others. Cotton electric blankets are preferred for their natural breathability and comfort, while polyester blankets are known for their durability and easy maintenance. Fleece electric blankets are gaining popularity due to their softness and ability to provide warmth quickly.
- **Distribution Channel**: Distribution channels for electric blankets include online retail, offline retail, and departmental stores. The rise in e-commerce platforms and the convenience of online shopping have boosted the sales of electric blankets through online retail channels. However, offline retail stores and departmental stores play a significant role in reaching out to a wider consumer base.
- **End-User**: The end-user segment includes residential and commercial. Residential usage of electric blankets is increasing due to the growing awareness about energy-efficient heating solutions and the need for personalized comfort during colder months. Commercial end-users such as hotels and hospitals are also incorporating electric blankets to enhance guest experience and provide warmth.
**Market Players**
- **Sunbeam Products, Inc.**: Sunbeam is a key player in the electric blankets market, offering a wide range of products known for their quality and innovative features. The company focuses on product development to cater to evolving consumer preferences and enhance user experience.
- **Biddeford Blankets**: Biddeford Blankets is another prominent player that specializes in electric bedding products, including electric blankets. The brand focuses on producing high-quality, reliable electric blankets that provide warmth and comfort to consumers.
- **SoftHeat**: SoftHeat is known for its advanced heating technology in electric blankets, offering efficient and safe products for consumers. Sunbeam Products, Inc., Biddeford Blankets, and SoftHeat are key players in the competitive electric blankets market. Sunbeam, a renowned brand, has established itself as a market leader by consistently offering a wide range of high-quality products with innovative features that cater to evolving consumer demands. The company's focus on product development and continuous innovation has helped it maintain its position and stay competitive in the market. Sunbeam's commitment to quality and user experience has garnered a loyal customer base and contributed to its strong market presence.
Biddeford Blankets, another prominent player in the electric bedding industry, specializes in offering reliable and high-quality electric blankets known for their comfort and warmth. The brand's focus on producing durable and efficient products has resonated well with consumers seeking reliable heating solutions. Biddeford Blankets' reputation for quality and performance has helped it carve out a significant market share and compete effectively in the electric blankets segment.
SoftHeat is recognized for its advanced heating technology in electric blankets, providing consumers with efficient and safe products that meet their heating needs effectively. The brand's emphasis on safety and energy efficiency has positioned it as a trusted choice for consumers looking for reliable electric blankets that offer both comfort and peace of mind. SoftHeat's focus on technological innovation and product quality has strengthened its market position and contributed to its success in meeting consumer expectations.
Overall, the electric blankets market is characterized by intense competition among key players such as Sunbeam Products, Inc., Biddeford Blankets, and SoftHeat. Each of these companies brings unique strengths and offerings to the market, catering to different consumer preferences and demands. As consumer awareness about energy-efficient heating solutions grows and the demand for personalized comfort increases, market players will need to focus on innovation, product quality, and customer experience to stay competitive and capitalize on emerging opportunities in the electric blankets market. Continuous investment in research and development, strategic partnerships, and marketing initiatives will be crucial for market players to differentiate themselves, expand their market reach, and drive growth**Market Players:**
- American Blanket Company (U.S.)
- Pendleton Woolen Mills (U.S.)
- Amritsar Swadeshi Textile Corporation Pvt. Ltd. (India)
- Hudson's Bay Company (Canada)
- Boll & Branch (U.S.)
- URBANARA GmbH (Germany)
- Shanghai Easun Group (China)
- Medline Industries, Inc. (U.S.)
- Chellco Industries Limited (Nigeria)
- Biddeford Blankets, LLC (U.S.)
- Youngman Woollen Mills Private Limited (India)
- Morphy Richards (England)
- Silentnight Group Limited (U.K.)
- Barker Textiles UAB (Lithuania)
- Kanata Blanket Co. (Canada)
- Faribault Woolen Mill. (U.S.)
The electric blankets market is highly competitive with a diverse range of market players vying for market share and consumer attention. In such a competitive landscape, it is crucial for companies to continually innovate and differentiate themselves to stay ahead. The companies mentioned above bring a unique set of offerings to the market, catering to various consumer preferences and demands.
Market players like American Blanket Company, Pendleton Woolen Mills, and Hudson's Bay Company are known for their quality and craftsmanship in producing electric blankets using premium materials. These companies focus on offering luxury and high-end options for consumers looking for superior comfort and warmth.
On the other hand, brands like Boll & Branch
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Research Methodology of Data bridge Market Research:
Data Bridge Market Research typically follows a comprehensive research methodology for analyzing and reporting on market trends, including the Electric Blankets Market. The research methodology generally involves the following steps:
1. Data Collection
- Primary Research: This involves conducting interviews, surveys, and direct interactions with industry experts, market participants, and key opinion leaders. Primary data is crucial for gaining insights into the market's current dynamics, trends, and growth factors.
- Secondary Research: This includes gathering data from publicly available sources like company reports, press releases, industry journals, government publications, and reputable databases. Secondary research helps in understanding the market's historical trends and the competitive landscape.
2. Market Segmentation and Data Analysis
- Segmentation: The Electric Blankets Market is segmented based on various factors such as type, application, region, and end-user. This segmentation allows for a more detailed analysis of each Electric Blankets Market segment.
- Data Analysis: Advanced analytical tools and techniques, such as SWOT analysis, PESTLE analysis, Porter’s Five Forces analysis, and regression analysis, are used to interpret the data. These tools help in identifying key market trends, growth drivers, opportunities, and challenges.
3. Market Estimation
- Top-Down and Bottom-Up Approaches: These approaches are used to estimate and validate the market size. The top-down approach involves analyzing the overall market and then narrowing it down to specific segments, while the bottom-up approach starts from individual segments and aggregates them to estimate the total market size.
- Data Triangulation: Multiple data sources are compared and analyzed to ensure the accuracy and reliability of the market estimates.
4. Validation
- Expert Validation: The findings and market estimates are validated through discussions with industry experts and key stakeholders. This step ensures that the data and insights are accurate and reflect the market reality.
- Cross-Verification: The data is cross-verified with multiple sources to ensure consistency and accuracy.
5. Report Compilation and Presentation
- Drafting the Report: Once the data analysis is complete, the findings are compiled into a comprehensive report. The report includes a detailed analysis of market trends, forecasts, competitive landscape, and strategic recommendations.
- Final Review: The report undergoes a final review to ensure that it meets the quality standards and provides valuable insights to the clients.
6. Ongoing Updates
- Continuous Monitoring: The market is continuously monitored, and the reports are updated periodically to reflect the latest market trends and developments.
This structured approach ensures that the research conducted by Data Bridge Market Research is thorough, accurate, and provides actionable insights for stakeholders in the Electric Blankets Market.
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