The future of the electric blanket market looks promising with opportunities in the hotel, hospital, and household sectors. The global electric blanket market is expected to reach an estimated $1.56 billion by 2028, with a CAGR of 6.9% from 2023 to 2028. The major drivers for this market are increasing need for these blankets among customers who live in extremely cold climates and experience various pain-related problems, and increasing use of these blankets as an affordable alternative to heaters.
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Answer: The global electric blanket market is expected to reach an estimated $1.56 billion by 2028.
Q2. What is the growth forecast for electric blanket market?
Answer: The global electric blanket market is expected to grow with a CAGR of 6.9% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the electric blanket market?
Answer: The major drivers for this market are increasing need for these blankets among customers who live in extremely cold climates and experience various pain-related problems and increasing use of electric blankets as an affordable alternative to heaters.
Q4. What are the major segments for electric blanket market?
Answer: The future of the electric blanket market looks promising with opportunities in the hotel, hospital, and household sectors.
Q5. Who are the key electric blanket companies?
Answer: Some of the key electric blanket companies are as follows:
Answer: The analyst forecasts that online is expected to witness higher growth over the forecast period due to the rising number of online purchases and tech-savvy consumers and continuous expansion of customer base as e-retailers provide high-quality products to support the market.
Q7. In electric blanket market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region due to the growing preference for electric blanket as it is affordable and is readily available at department stores and garage sales and enormous purchasing and usage of these blankets in China.
Q8. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% Customization Without any Additional Cost.
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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A more than 150-page report is developed to help in your business decisions.
Electric Blanket Market by Segment
The study includes a forecast for the global electric blanket market by distribution channel, end use industry, and region, as follows:Electric Blanket Market by Distribution Channel [Value ($B) Shipment Analysis from 2017 to 2028]:
- Offline
- Online
Electric Blanket Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:
- Hotels
- Hospitals
- Households
Electric Blanket Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Electric Blanket Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies electric blanket companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the electric blanket companies profiled in this report include.- Jarden
- Shanghai Shenda
- Morphy Richards
- Snugnights UK
- Beurer
Electric Blanket Market Insights
- The analyst forecasts that online is expected to witness higher growth over the forecast period due to the rising number of online purchases and tech-savvy consumers and continuous expansion of customer base as e-retailers provide high-quality products to support the market.
- Household is expected to remain the largest segment due to the continuously changing lifestyle of the people, increasing use of convenient consumer goods based on technology, and high demand from all age groups for these blankets.
- APAC will remain the largest region due to the growing preference for electric blanket as it is affordable and is readily available at department stores and garage sales and enormous purchasing and usage of these blankets in China.
Features of the Electric Blanket Market
- Market Size Estimates: Electric blanket market size estimation in terms of value ($B)
- Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
- Segmentation Analysis: Electric blanket market size by various segments, such as by distribution channel, end use industry, and region
- Regional Analysis: Electric blanket market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis on growth opportunities in different by distribution channel, end use industry, and regions for the electric blanket market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the electric blanket market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQs
Q1. What is the electric blanket market size?Answer: The global electric blanket market is expected to reach an estimated $1.56 billion by 2028.
Q2. What is the growth forecast for electric blanket market?
Answer: The global electric blanket market is expected to grow with a CAGR of 6.9% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the electric blanket market?
Answer: The major drivers for this market are increasing need for these blankets among customers who live in extremely cold climates and experience various pain-related problems and increasing use of electric blankets as an affordable alternative to heaters.
Q4. What are the major segments for electric blanket market?
Answer: The future of the electric blanket market looks promising with opportunities in the hotel, hospital, and household sectors.
Q5. Who are the key electric blanket companies?
Answer: Some of the key electric blanket companies are as follows:
- Jarden
- Shanghai Shenda
- Morphy Richards
- Snugnights UK
- Beurer
Answer: The analyst forecasts that online is expected to witness higher growth over the forecast period due to the rising number of online purchases and tech-savvy consumers and continuous expansion of customer base as e-retailers provide high-quality products to support the market.
Q7. In electric blanket market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region due to the growing preference for electric blanket as it is affordable and is readily available at department stores and garage sales and enormous purchasing and usage of these blankets in China.
Q8. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% Customization Without any Additional Cost.
This report answers the following 11 key questions
Q.1. What are some of the most promising, high-growth opportunities for the electric blanket market by distribution channel (offline and online), end use industry (hotels, hospitals, and households), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Global Electric Blanket Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2017 to 2028
4. Market Trends and Forecast Analysis by Region from 2017 to 2028
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Jarden
- Shanghai Shenda
- Morphy Richards
- Snugnights UK
- Beurer
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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