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.
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Electric Blankets
Market Report Highlights
- 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.
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Electric Blankets
Market Segmentation
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, 2015 - 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.
For more info visit @ https://www.grandviewresearch.com
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