What Has Been the Progress and Growth of the Electric Blankets Market in Recent Years?
The electric blankets market has seen considerable growth due to a variety of factors.
• The market size of electric blankets has witnessed a robust growth in the past few years. It is projected to increase from $1.24 billion in 2024 to $1.32 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.7%.
The substantial growth in the previous period can be credited to factors such as improved comfort and convenience, enhanced affordability and accessibility, and significant changes in consumer lifestyles.
What Is The Expected Growth In The Electric Blankets Market Size Evolve over the Forecast Period?
The electric blankets market is expected to maintain its strong growth trajectory in upcoming years.
• In the upcoming years, the market size of electric blankets is projected to experience considerable growth, escalating to $1.64 billion in 2029 with a compound annual growth rate (CAGR) of 5.5%.
The forthcoming growth can be linked to factors such as rising health awareness, an aging population, an upsurge in consumer demand for luxury and convenience in hotels and resorts, and an increase in customization and personalization. The forecast period is anticipated to see major trends like the incorporation of advanced safety features, growing demand for heated mattress pads, broadening of product offerings with adjustable heat settings, implementation of smart technology for remote control, incorporation of therapeutic features, partnerships with home automation systems, and the move towards sustainable manufacturing practices.
What Main Forces Are Fueling Expansion In The Electric Blankets Market?
The surge in consumer desire for lavishness and comfort in hotels and resorts is anticipated to boost the electric blankets market in the future. Hotels, which typically provide short-term stay to guests on a nightly basis, are seeing a trend where the travelers are inclining towards high-end facilities, personalized services, and premium experiences during their visits. Apparently, it shows a shift in consumer tastes towards comfort, relaxation, and uniqueness when it comes to where they stay. Electric blankets, given their utility to deliver customizable warmth and ease, fit perfectly with these objectives. For example, data from the American Hotel & Lodging Association, a national organization in the United States, released in January 2023 showed an improvement in hotel demand by 11.1% from 2021 to 2022. Additionally, the hotel sector is expected to witness 1.3 billion room nights booked in 2023, indicating a significant increase in consumer demand for hotel stays. Consequently, the escalating consumer craving for opulence and ease in hotels and resorts is propelling the growth of the electric blankets market.
What Are The Primary Segments In The Global 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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What Trends Are Reshaping The Future Of The Electric Blankets Market?
Leading corporations in the electric blankets market are pioneering novel products like the smart electric blanket to advance their product range and enhance user comfortability. The smart electric blanket is an updated version of the conventional electric blanket, equipped with a feature that enables users to remotely control its temperature. For example, in October 2023, the mijia smart electric blanket was introduced to the market by Xiaomi Corporation, a consumer electronics company based in China. The product boasts of features such as temperature regulation, protection against overheating, and a 12-hour automatic shutdown feature. It comes in varied dimensions, including Cal King, 170150cm, 15080cm, and 180*170cm sizes. The blanket is composed of a soft, breathable, and wash-friendly fine fabric material. It encompasses quick heating, anti-mite, and anti-moisture features, thereby assuring cleanliness and safety. With its nine different heating settings, the blanket is capable of quickly eliminating bacteria and dehumidifying, ultimately providing a comfortable and healthful use experience.
Who Are the Key Players In The Electric Blankets Market?
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
What Is The Most Dominant Region In 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.
