The global electric blankets market size is expected to reach
USD 1.2 billion by 2025, according to a new report by Grand View Research,
Inc., registering a 7.1% CAGR during the forecast period. Growing incorporation
of technological advancements in consumer convenience products and devices is
driving the market. Consumers living in countries with long, harsh winters and
those suffering from various pain-related ailments are key end users of
electric blankets.
Electric blankets are comparatively
less expensive than heaters and are of great use in countries with long and
harsh winters. Companies have been focusing on developing well insulated sheets
lined with thick fleece to provide ample natural insulation and warmth. They
are also introducing products that can be washed and are portable. For
instance, Medisana HDW designed a blanket that is machine washable and is made
out of microfiber fleece.
Asia Pacific emerged as the largest
market in 2018 and is estimated to account for close to 32.0% of the global
market by 2025. The market dominance can be attributed to increasing use and
widespread availability of electric blankets in China. China’s purchase
quantities amount to roughly 30 million units each year, as they are very
easily available, are increasingly affordable, and are also sold in department
stores as well as at garage sales.
By end user, household accounted for
the largest share of more than 45.0% in 2018. Increasing disposable income of
consumers, coupled with surge in home ownership in several developing
countries, has supported the growth of the segment. Improving lifestyles of
people, especially in China, and introduction of technology-based convenient
consumer products are expected to drive the use of electric blankets over the
next few years. Affordability, comfort, and benefits have driven product demand
across various consumer age groups, especially among those suffering from ailments
such as arthritis, muscle pains, sinus problems, fibromyalgia, and painful
menstruation.
Browse full research report on Electric Blankets Market: https://www.grandviewresearch.com/industry-analysis/electric-blankets-market
Further key findings from the report suggest:
- The
global electric blankets market is expected to reach a value of USD 1.2
billion by 2025, exhibiting a CAGR of 7.1% from 2019 to 2025
- APAC
emerged as the largest market in 2018 and is estimated to account for
close to 32.0% of the global market by 2025, driven majorly by high demand
in China
- Some
of the major players operating in the global market are Jarden
Corporation, Shanghai Shenda Co. Ltd., Morphy Richards Ltd., Snugnights UK
LLP, Beurer GmbH, Caiyang, Slumberdown, Shijiazhuang Mengjie Industry Co.
Ltd., and Silentnight Group Ltd.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/electric-blankets-market/request/rs1
Grand View Research has segmented the global electric blankets
market on the basis of distribution channel, end user, and region:
Electric Blankets Distribution Channel Outlook (USD Million,
2015 - 2025)
- Offline
- Online
Electric Blankets End-user Outlook (USD Million, 2015 - 2025)
- Hotels
- Hospitals
- Households
Electric Blankets Regional Outlook (Revenue, USD Million,
2014 -2025)
- North
America
- U.S.
- Europe
- France
- Germany
- Asia
Pacific
- China
- Japan
- Central
& South America
- Middle
East & Africa (MEA)
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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