Pune, 25, Nov 2022: The Global Electric Blankets Market report, was published by Maximize Market Research, a leading Electronics consultancy firm stated that the worldwide Electric Blankets Market was worth USD 398.39 million in 2021 and is expected to reach USD 667.80 million by 2029, growing at a CAGR of 6.67% during the forecast period (2022-2029). The research gives insight into industry trends, key sectors, and potential investments in various areas, demand and supply networks, regional contexts, and competitive conditions. The research is extremely beneficial to important market participants, new entrants, investors, and stakeholders who are developing plans and striving to improve the reputation of their businesses.
Electric Blankets Market Scope and Research Methodology
The electric blankets market report is a critical analysis of current trends and future market dynamics in the Electric Blankets Market Industry, which aids customers in discovering business opportunities and developing market strategies. The Electric Blankets Market research report includes product type, unique selling proposition, development trend, industrial engineering, key competitors, industrial chain structure, industry overview, industry national policy, planning analysis, and the most current dynamic analysis. The analysis focused on the overall market drivers, opportunities, challenges, and constraints. The report also explores the effect of these main drivers, trends, and limitations on market demand throughout the forecast period. Production time, base distribution, technical qualities, research and development trends, technological sources, and raw material sources are all investigated by the leading Electric Blankets Market firms.
The more in-depth research analysis includes the major customer and market application sectors, important regions and consumption, key manufacturers, distributors, suppliers of raw materials, and equipment vendors, as well as contact information and an industry chain relationship analysis. Additionally, this study includes product specifications, production methods, cost structure, and data information categorized by location, technology, and application. The goods and services provided by key enterprises, revenue, economic position in the global market, investment plan, growth strategy, and regional presence are all examined. Recent acquisitions and mergers, as well as company strategic orientations and information on cooperative alliances, paint a realistic picture of the competitive environment in the Electric Blankets Market.
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For market estimation and forecasting, the bottom-up strategy is applied. Data was collected from a large sample using both primary and secondary research approaches to validate the findings. Secondary data was gathered from a number of sources to guarantee consistency in the results. Official databases from various organizations and government websites, industry periodicals, newspapers, huge business annual reports, manufacturer and supplier publications, and paid databases are examples of this. Surveys, questionnaire administration, and phone interviews with industry experts, market leaders, entrepreneurs, and marketing professionals are used to obtain primary data. SWOT analysis was used to assess significant organizations’ strengths and weaknesses, while PORTER and PESTLE were employed to investigate various economic problems. Finally, the research provides a complete electric blankets market analysis.
Electric Blankets Market Overview
An electric blanket is a blanket that has electrical heating wires integrated into it. There are several varieties of under blankets, over blankets, throws, and duvets. An electric blanket is located above the mattress and below the bottom bed sheet. This is the most common version in the United Kingdom and Commonwealth countries, where it is known as an “electric blanket” by default; in the United States and Canada, where it is less common, it is known as an electric heated mattress pad. In the United States and Canada, the most common type is an electric blanket, which is placed on the top bed sheet and is referred to as an “electric blanket”. Electric blankets sometimes have a control system that, by pulsing electricity at varying intervals, regulates the amount of heat provided by the blanket.
Electric Blankets Market Dynamics
Electric blankets are extremely useful in places with long, hard winters, and they are less expensive than heaters. Businesses have concentrated on making well-insulated sheets coated in thick fleece to give plenty of natural insulation and warmth. They also sell washable and portable items. A Medisana HDW blanket, for example, consisting of microfibre fleece, is machine washable. It has four heat settings for more control. This category also includes Imetec 16175 and Klarstein Dr. Watson XL.
Increased investment in the creation of advanced types of blankets such as water-resistant blankets, battery-driven, lightweight, durable, and others, as well as a decrease in energy consumption, are likely to drive the growth of the electric blankets market. Microfibre fleece versions are also being developed by manufacturers to provide additional natural insulation and warmth retention. Other factors, such as increased consumer spending capacity and active research and development (R&D) activities to create distinctive elder care products, are expected to grow the market even more.
Electric Blankets Market Segmentation
By Product Type
- Over Blankets
- Under Blankets
- Electric Pads
By Distribution Channel
By End User
Electric Blankets Market Regional Insights
North America is estimated to dominate the market with a CAGR of 7.4% during the forecast period. Rising living standards and income levels are driving the North American electric blanket industry. As a result, people are becoming more interested in premium bedding items such as electric blankets. The rising demand for electric blankets to help persons suffering from pain-related ailments during cold weather has fueled the market growth. A built-in circuit in an electric blanket provides appropriate warmth. It also delivers a pleasant sleeping experience and acts as a mood enhancer, providing the user with exceptional comfort. Electric blankets offer several advantages, such as variable temperatures and convenience of use, making them the favored choice of consumers.
Electric Blankets Market Key Competitors:
- Morphy Richards
- Biddeford Blankets
- Rainbow Group
- Shanghai Xiaomianyang Electric
- Qingdao Qindao Electric
- Perfect Fit Industries, LLC.
- Tenant Group S.p.A.
- Bokuk Electronics CO.
- Morphy Richards
- CDB Goldair
- Glen Dimplex
- MAXSA Innovations
- Odessey Products
- Krien Health Care
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Key questions answered in the Electric Blankets Market are:
- What is Electric Blankets Market?
- What is the growth rate of the Electric Blankets Market during the forecast period?
- What is the nature of competition in the Electric Blankets Market industry in developed economies and developing economies?
- Who are the key players in Electric Blankets Market?
- Who are the market leaders in Electric Blankets Market in Europe?
- Who are the market leaders in Electric Blankets Market in USA and Canada?
- Who are the market leaders in Electric Blankets Market in India, China, Japan, and South Korea?
- What are the factors affecting growth in Electric Blankets Market?
- Who held the largest market share in Electric Blankets Market?
- What are the factors for the growth of the Asia-Pacific region in the Electric Blankets Market?
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Product Type, Distribution Channel, End User, and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Maximize Market Research is leading Electronics research firm, has also published the following reports:
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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