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.
To request a sample copy or view summary of this report,
click the link below:
https://www.grandviewresearch.com/industry-analysis/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.
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
·
Europe
·
Asia Pacific
·
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.