Electric Blankets Market Size
What industry-specific factors are fueling the growth of the electric blankets market?
A surge in consumer craving for luxury and comfort in hotel and resort accommodations is anticipated to fuel the expansion of the electric blanket industry. Hotels, which typically provide short-term lodgings for guests on an overnight basis, are seeing a shift in consumer preferences towards opulence, relaxation, and uniqueness in their accommodations. These preferences align well with the capabilities of electric blankets, given their ability to provide adaptable warmth and comfort. For example, the American Hotel & Lodging Association, a national organization based in the US, noted an improvement of 11.1% in hotel demand from 2021 to 2022 in January 2023. The hotel sector is also expected to reach 1.3 billion occupied room nights in 2023, signifying a remarkable increase in consumer demand for hotel lodgings. Hence, this escalating consumer demand for luxury and comfort in hotels and resorts is steering the growth of the electric blanket market.
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What Is the projected market size and growth rate for the electric blankets market?
The market size for electric blankets has seen robust growth in the past few years. The growth is anticipated to increase from $1.24 billion in 2024 to $1.32 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.7%. Factors contributing to this growth in the historic period include enhanced comfort and convenience, improved affordability and accessibility, as well as significant changes in consumer lifestyle.
Strong expansion is anticipated in the electric blankets market in the forthcoming years, with its value expected to climb to $1.64 billion by 2029, delivering a compound annual growth rate (CAGR) of 5.5%. This predicted rise over the forecast period can be credited to a growing focus on health, a maturing populace, an increased consumer desire for opulence and comfort in vacation accommodations like hotels and resorts, and a rise in personalization and tailor-made options. The upcoming trends within this forecast period are the incorporation of enhanced safety features, the rising trendiness of heated mattress pads, product range expansion including customizable heat options, smart technology adoption for remote controlling, therapeutic features integration, compatibility with home automation systems, and adopting sustainable production methods.
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What are the most significant trends transforming the electric blankets market today?
Key players in the electric blankets market are introducing new-age products such as smart electric blankets to enhance product assortment and comfort. A smart electric blanket is a contemporary variant of the classic electric blanket, permitting users to adjust its temperature remotely. For example, Xiaomi Corporation, an enterprise based in China dealing with consumer electronics, unveiled the mijia smart electric blanket in October 2023. This product offers temperature control, protection against overheating, and a 12-hour automatic shutdown function. The blanket comes in various dimensions, including Cal King, 170*150cm, 150*80cm, and 180*170cm. It is characterized by its soft, breathable and easily washable fabric. Furthermore, it incorporates quick heating, anti-mite, and anti-moisture properties, ensuring cleanliness and safety. The blanket offers nine heating options and the ability to rapidly eliminate bacteria and control humidity, leading to a comfortable and healthy user experience.
What major market segments define the scope and growth of the electric blankets market?
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 region dominates the electric blankets market?
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.
Which key market leaders are driving the electric blankets industry growth?
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
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What Is Covered In The Electric Blankets Global Market Report?
• Market Size Forecast: Examine the electric blankets market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the electric blankets market for a structured understanding.
• Key Players Overview: Analyze major players in the electric blankets market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the electric blankets market.
• Segment Contributions: Evaluate how different segments drive overall growth in the electric blankets market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the electric blankets market.
• Industry Challenges: Identify potential risks and obstacles affecting the electric blankets market.
• Competitive Landscape: Review strategic developments in the electric blankets market, including expansions, agreements, and new product launches.
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