Product ID: SQSG25F2007
Global Electric Blankets Market Size, Share, Growth Analysis, By Distribution Channel(Online, Offline), By End User(Hotels, Hospitals) - Industry Forecast 2024-2031
Report ID:
SQSG25F2007 |
Region:
Global |
Published Date: April, 2024
Pages:
250
|
Tables:
62 |
Figures:
75
Global Electric Blankets Market Insights
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).
A blanket with an interior integrated wiring system that distributes warmth and heat through coil wires is known as an electric bedspread or throw or blanket. It is composed of thick, durable material. These blankets often connect to an electrical outlet and have heat settings that may be adjusted. The vast majority of electric linens are constructed from a polyester and acrylic fabric blend. While being sufficiently interlaced to trap and sustain warmth, this mix guards against possible fire threats. The rise in living standards and rising incomes are the main factors driving the global electric blankets market. For example, in India, Lower-income families have continuously seen their disposable income increase faster than those in other income quintiles since the pandemic's start. This pattern was also seen in the first half of 2021, when the lowest-income families' disposable income increased in the first two quarters by 3.0 percent and 3.3%, respectively, while the highest-income households' income decreased by 6.4% and subsequently increased by 3.9%. Customers are now more likely to choose luxurious and comfy sleeping products, such as electric blankets. The market is expanding as a result of the rising demand for electric blankets to assist people with pain-related conditions during cold weather. An integrated circuit in an electric blanket creates a heating effect. Additionally, it offers a nice sleeping experience and improves mood, offering the user a great deal of comfort. As a result, the aforementioned reasons are propelling the expansion of the global electric blanket market.
Due to a lack of raw materials, factory closures, a personnel shortage, and other operational obstacles brought on by the COVID-19 safety regulations, the consumer products sector encountered previously unheard-of difficulties during the COVID-19 pandemic. At first, the electric blanket industry was negatively impacted by manufacturing unit closures, challenges obtaining raw materials, and transportation limitations. The majority of materials used to make electric blankets are polyester microfiber or fleece. Therefore, the closure of production facilities had a detrimental effect on market research and development for electric blankets. However, as governments in many nations relaxed the previously imposed limits, businesses are making progress. As a result, a market recovery is anticipated during the next few years.
US Electric Blankets Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Electric Blankets Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
