Electric Blankets Market
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What Will the Electric Blankets Industry Market Size Be by 2025?
In recent times, the market size for electric blankets has witnessed robust growth. The sector which was valued at $1.24 billion in 2024, is predicted to reach a value of $1.32 billion in 2025, growing at a compound annual growth rate (CAGR) of 6.7%. The growth observed in the historic time frame is a result of improved comfort and convenience, enhanced affordability and accessibility, and significant shifts in consumer lifestyle.
What’s the Long-Term Growth Forecast for the Electric Blankets Market Size Through 2029?
In the impending years, the market size for electric blankets is anticipated to witness robust growth, with projections seeing it ballooning to $1.64 billion in 2029 at a Compound Annual Growth Rate (CAGR) of 5.5%. Factors contributing to this boom during the forecast period include increased health awareness, an aging demographic, greater demand for luxury and comfort from consumers at hotels and resorts, and an upsurge in customization and personalization. Trends expected to make waves during the forecast period comprise the inclusion of added safety features, the rising popularity of heated mattress pads, wider product variety with adjustable heat options, the adoption of intelligent technology for remote control, incorporation of therapeutic characteristics, alignment with home automation systems, and opting for sustainable production methods.
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What Are the Key Growth Drivers Fueling the Electric Blankets Market Expansion?
The surge in consumer preference for luxury and convenience in hotels and resorts is likely to fuel the electric blankets market’s expansion. Hotels, which typically provide temporary accommodations to guests, often on a per-night basis, are increasingly sought after for their deluxe amenities, personalized services, and top-notch experiences. This change in consumer tastes leans towards extravagance, relaxation, and exclusivity on their accommodation choices. Electric blankets, due to their ability to provide adjustable warmth and comfort, are fitting for these goals. For instance, the American Hotel & Lodging Association, a US-based national group, showed that hotel demand increased by 11.1% from 2021 to 2022, and forecasts for 2023 suggest 1.3 billion occupied room nights in the hotel industry. This signifies a substantial rising consumer demand for hotel stays. Therefore, the enhanced consumer preference for luxury and convenience in hotels and resorts stimulates the progression of the electric blankets market.
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What Are the Key Trends Driving Electric Blankets Market Growth?
Leading corporations in the electric blankets market, are spearheading the development of innovative products like smart electric blankets, aimed at enhancing comfort and product variety. This upgraded version of traditional electric blankets gives users the ability to modify the temperature remotely. For example, Xiaomi Corporation, a consumer electronics company based in China, introduced the Mijia Smart Electric Blanket in October 2023. This blanket’s features include regulation of temperature, safeguards against overheating, and automatic shutdown after 12 hours. Available in a variety of sizes like Cal King, 170150cm, 15080cm, and 180*170cm, this blanket is crafted from a soft, breathable, and easy-to-clean fabric. It also provides quick heating, resistance to mites and moisture, ensuring cleanliness and safety. With as many as nine heating settings, the blanket efficiently eliminates bacteria and reduces humidity, ensuring users enjoy both comfort and good health.
How Is the Electric Blankets Market Segmented?
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
Subsegments:
1) By Over Blankets: Heated Throw Blankets, Electric Comforters
2) By Under Blankets: Electric Mattress Covers, Heated Bed Blankets
3) By Electric Pads: Heating Pads For Pain Relief, Heated Mattress Pads
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Which Companies Are Leading the Charge in Electric Blankets Market Innovation?
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
Which Regions Are Leading the Global Electric Blankets Market in Revenue?
North America was the largest region in the electric blankets market in 2024. 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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