What is the global market size of Electric Blankets Market?

Global Electric Blankets Market was valued at USD 0.93 billion in 2021, and it is expected to reach a value of USD 1.58 billion by 2028, at a CAGR of more than 7.8% over the forecast period (2022-2028). Read More

Global Electric Blankets Companies

Global Electric Blankets Market Competitive Landscape

Top Players in the Global Electric Blankets Market

Beurer GmbH
Sunbeam Products Inc.
Biddeford Blankets
SoftHeat
Perfect Fit Industries
Shavel Home Products
ElectroWarmth
Sleepwell
Morphy Richards
Silentnight
Serta
Beautyrest
Therapedic
Simmons
Comfort Spaces
Breville Group Limited
Groupe SEB
Tefal
Hamilton Beach Brands Holding Company
Newell Brands Inc.

Electric Blankets Market

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Global Electric Blankets Market size was valued at USD 958.09 million in 2019 and is poised to grow from USD 1029.8 million in 2023 to USD 1864.13 million by 2031, growing at a CAGR of 7.7% in the forecast period (2024-2031).

The global electric blankets market is relatively fragmented, with a high level of competition. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective solutions. 'Beurer GmbH', 'Sunbeam Products Inc.', 'Biddeford Blankets', 'SoftHeat', 'Perfect Fit Industries', 'Shavel Home Products', 'ElectroWarmth', 'Sleepwell', 'Morphy Richards', 'Silentnight', 'Serta', 'Beautyrest', 'Therapedic', 'Simmons', 'Comfort Spaces', 'Breville Group Limited', 'Groupe SEB', 'Tefal', 'Hamilton Beach Brands Holding Company', 'Newell Brands Inc.'

In nations with lengthy and severe winters, electric blankets are quite useful and relatively less expensive than heaters. To give plenty of natural insulation and warmth, businesses have been concentrating on manufacturing well-insulated sheets layered with thick fleece. They are also offering portable and washable items. For instance, a blanket composed of microfibre fleece and created by Medisana HDW is machine washable. For improved control, it has four degrees of heat settings. Among the other items in this category are Imetec 16175 and Klarstein Dr. Watson XL.

One of the main aspects influencing the market growth is the growing consumer taste for opulent, cozy, and luxury bedding goods, which, combined with increased urbanization throughout the world, constitutes one of the primary market growth drivers. Additionally, the aging population, which is more susceptible to the severe winter cold, is a major factor in the market's expansion. Electric blankets not only help the elderly but also people with other pain-related conditions like sinus, fibromyalgia, arthritis, and muscular problems. Other growth-promoting elements include a variety of product advancements, such as the creation of revolutionary battery-powered, lightweight, mobile charging, water- and stain-resistant items.

Due to the increased demand for different flexible heating items brought on by the weather, Europe is growing at the fastest rate in the global electric blankets market. The willingness of customers to spend whatever it takes to be warm and cozy during bitter winters will also help the global electric blankets Market develop throughout the anticipated period. Europe was colder than usual, while the regions of the world surrounding it were substantially warmer than the average over the period of 1991 to 2020, particularly in April and May. High temperatures were recorded over the Atlantic Ocean, North Africa, the Middle East, and portions of Russia, with several areas setting new records. Temperatures in Europe varied greatly from month to month, particularly in northern Russia. The region's mean temperatures in March were up to 8°C below the norm for the period from 1991 to 2020, but temperatures in April and May were up to around 6°C above average.

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Global Electric Blankets Market Size, Share, Growth Analysis, By Distribution Channel(Online, Offline), By End User(Hotels, Hospitals) - Industry Forecast 2024-2031

Global Electric Blankets Market Competitive Landscape

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Global Electric Blankets Market Size, Share, Growth Analysis, By Distribution Channel(Online, Offline), By End User(Hotels, Hospitals) - Industry Forecast 2024-2031

Global Electric Blankets Market Competitive Landscape

Global Electric Blankets Market Report Snapshots

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