Electric Blankets Market Industry Statistics: Growth, Share, Value, Insights, and Trends 2024
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**
- By Material: Based on material type, the market for electric blankets can be segmented into cotton, polyester, fleece, acrylic, and others. Different materials offer varying levels of comfort, warmth, and durability, catering to the diverse needs of consumers.
- By Size: Electric blankets are available in various sizes such as single, double, queen, and king size. The size segment plays a crucial role in determining the target demographic and the suitability of the blanket for different bed sizes.
- By Distribution Channel: The distribution channels for electric blankets include online retailers, specialty stores, department stores, supermarkets, and others. The choice of distribution channel impacts the accessibility and availability of electric blankets to consumers globally.
**Market Players**
- Sunbeam Products Inc.: Sunbeam Products Inc., a subsidiary of Newell Brands, is a prominent player in the global electric blankets market. The company offers a wide range of electric blankets with features such as customizable heating levels and safety mechanisms.
- Biddeford Blankets: Biddeford Blankets is a leading manufacturer of electric blankets known for its quality and innovative designs. The company focuses on incorporating advanced technologies to enhance user comfort and safety.
- Perfect Fit Industries: Perfect Fit Industries is another key player in the electric blankets market, specializing in premium-quality blankets designed for optimal performance and energy efficiency. The company's product range includes a variety of sizes and materials to cater to different consumer preferences.
- Beurer GmbH: Beurer GmbH is a renowned brand in the health and well-being sector, offering a range of electric blankets with therapeutic benefits. The company's products are designed to promote relaxation and improve sleep quality for consumers.
The global electric blankets market is expected to witness significant growth and innovation in the coming years as manufacturers focus on enhancing product features and expanding their distribution networks to reach a wider consumer base. With increasing consumer interest in home comfort and wellness products, electric blankets are likely to remain popular among households seeking efficient and cost-effective heating solutions.
Electric blankets have become a popular choice for consumers seeking cozy warmth during cold weather, and the market segmentation by material highlights the importance of catering to varying preferences. Cotton electric blankets are lauded for their breathability and natural feel, making them a preferred choice for those who prioritize comfort. On the other hand, polyester blankets are known for their durability and easy maintenance, appealing to consumers seeking a long-lasting investment. Fleece electric blankets offer a plush and soft texture, providing a luxurious feel that resonates with users looking for added comfort. Acrylic blankets are valued for their warmth and insulation properties, making them ideal for those in need of extra coziness during chilly nights. By offering a wide range of materials, manufacturers can target different consumer segments based on their specific requirements and preferences.
The segmentation of the electric blanket market by size is crucial in addressing the diverse needs of consumers with varying bed sizes. Single-size electric blankets cater to individuals or smaller beds, providing personalized warmth and comfort. Double-size blankets are popular among couples or those looking for a slightly larger option for enhanced coverage. Queen-size electric blankets are designed to fit queen beds, offering ample warmth for a larger sleeping space. King-size electric blankets cater to those with king beds, ensuring maximum comfort and coverage for a spacious sleeping area. By offering electric blankets in different sizes, manufacturers can effectively target specific customer segments and provide tailored solutions to meet individual needs.
The distribution channel segment plays a vital role in the accessibility and availability of electric blankets to consumers worldwide. Online retailers offer convenience and a wide selection of electric blankets, making it easier for customers to compare products and make informed purchasing decisions. Specialty stores provide a curated shopping experience, allowing consumers to explore a range of high-quality electric blankets with expert guidance. Department stores offer a one-stop shopping destination for customers looking to purchase various home goods, including electric blankets. Supermarkets provide a convenient option for consumers to buy electric blankets along with their regular groceries, catering to a wide audience. By utilizing different distribution channels.
**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 global electric blankets market is set to experience robust growth driven by the increasing consumer demand for home comfort and efficient heating solutions. The market segmentation by material underlines the significance of offering a diverse range of options to cater to varying consumer preferences. Different materials like cotton, polyester, fleece, acrylic, and others provide unique benefits in terms of comfort, durability, and warmth, allowing manufacturers to target specific consumer segments effectively. By understanding the distinctive characteristics of each material, companies can develop innovative products that meet the specific needs of consumers, ultimately driving market growth and competitiveness.
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Overview of the Electric Blankets Market Research Report
The Electric Blankets Market research report commences with an in-depth overview covering definitions, applications, product/service launches, developments, challenges, and regional analysis. The forecast underlines robust growth fueled by increasing consumption in diverse markets. Furthermore, the report delves into current market trends and key characteristics.
Objectives of the Report
Conduct a comprehensive investigation to forecast the value and volume of the Electric Blankets Market.
Analyze and project market shares for major segments within the Electric Blankets Market.
Depict the evolving landscape of the Electric Blankets Market across global regions.
Examine and assess micro markets, their contributions, and growth potential within the Electric Blankets Market.
Provide accurate insights into the factors driving the growth of the Electric Blankets Market.
Offer a detailed analysis of key strategies adopted by major companies, such as R&D, collaborations, agreements, partnerships, acquisitions, mergers, new product launches, and other strategic initiatives.
Market Overview
The study concentrates on the present state of the Electric Blankets Market, evaluating key statistics including CAGR, gross margin, revenue, pricing, production growth rate, volume, value, market share, and year-over-year growth. This thorough analysis is conducted using the latest primary and secondary research methods. Leading company profiles are scrutinized based on factors like the markets they serve, production, revenues, market shares, recent developments, and gross profit margins. The report also provides a detailed exploration of market drivers, constraints, opportunities, challenges, and trends within the market dynamics section.
Table of Contents:
Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
Market Purview
Report Description Market Definition and Scope
Executive Summary
Market Snapshot, By Type
Market Snapshot, By Application
Market Snapshot, By Region
Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
And more...
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