Electric Blankets Global Market Report 2024

The electric blankets market size has grown strongly in recent years. It will grow from $1.16 billion in 2023 to $1.24 billion in 2024 at a compound annual growth rate (CAGR) of 6.82% The expansion observed during the historic period can be attributed to several key factors, including enhanced comfort and convenience provided by electric blankets, increased affordability and accessibility of these products, and shifts in consumer lifestyles favoring products that offer warmth and comfort.

The electric blankets market size is expected to see strong growth in the next few years. It will grow to $1.56 billion in 2028 at a compound annual growth rate (CAGR) of 5.87%. The forecasted growth is driven by rising health consciousness, an aging population, and increasing demand for luxury in hospitality. Major trends include advanced safety features, heated mattress pads, customizable settings, smart technology integration, therapeutic features, home automation collaboration, and sustainable manufacturing.

The surge in consumer demand for luxury and comfort experiences in hotels and resorts is anticipated to drive the expansion of the electric blankets market in the foreseeable future. Hotels, catering to travelers' desires for indulgence, relaxation, and personalized services, are increasingly offering high-end amenities to enhance guest experiences. Electric blankets, renowned for their ability to provide customizable warmth and comfort, align perfectly with these evolving consumer preferences. For example, data from the American Hotel & Lodging Association indicates a notable 11.1% improvement in hotel demand from 2021 to 2022, with projections suggesting a further increase to 1.3 billion occupied room nights in 2023. This trend underscores the significant surge in consumer demand for upscale hotel accommodations, driving the adoption of amenities such as electric blankets.

Key players within the electric blankets market are actively innovating to meet the evolving needs of consumers and hoteliers alike. One notable innovation is the introduction of smart electric blankets, representing an advanced iteration of traditional electric blankets with enhanced functionalities. Smart electric blankets empower users to remotely control temperature settings, offering greater convenience and comfort. For instance, Xiaomi Corporation unveiled the mijia smart electric blanket in October 2023, featuring temperature regulation, overheat protection, and a 12-hour automatic shutdown feature. Available in various sizes to cater to different preferences, this blanket boasts a soft and breathable fabric material, ensuring both comfort and ease of maintenance. Additionally, it incorporates fast heating, anti-mite, and anti-moisture features, promoting cleanliness and safety. With nine heating settings and capabilities to eradicate bacteria and dehumidify, the mijia smart electric blanket delivers a comfortable and healthful sleeping experience, meeting the discerning expectations of consumers seeking luxury and comfort during their hotel stays.

In August 2022, Bluestar Alliance, a private equity firm headquartered in New York, entered into a licensing agreement with CHF Industries for home textiles and soft goods, encompassing Brookstone-branded heated blankets and throws. This strategic partnership seeks to expand Brookstone's home product offerings by introducing a comprehensive line of items such as air mattresses, bedding, robes, towels, and other household goods. CHF Industries Inc., a US-based company specializing in the design, manufacturing, and distribution of consumer home goods and textiles, including electric blankets, is the chosen collaborator for this endeavor.

Major companies operating in the electric blankets market report are Medline Industries Inc., Hudson's Bay Company, Pendleton Woolen Mills, Beurer GmbH, Dimplex North America Limited, Morphy Richards Ltd., Silentnight Group Ltd., Boll & Branch, Sunbeam Products Inc., Faribault Woolen Mill, Jarden Corporation, Perfect Fit Industries LLC, Biddeford Blankets LLC, Shanghai Easun Group, Amritsar Swadeshi Textile Corporation Pvt. Ltd., URBANARA GmbH, Chellco Industries Limited, Youngman Woollen Mills Private Limited, Barker Textiles UAB, Kanata Blanket Co., Bokuk Electronics Co. Ltd., Qingdao Qindao Electric Appliance Co. Ltd., Tenacta Group S.P.A., Heatrae Sadia.

North America was the largest region in the electric blankets market in 2023. The regions covered in the electric blankets market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the electric blankets market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Electric blankets are bedding accessories equipped with electrical heating elements intended to warm the bed, typically controlled by a thermostat or remote control. They are engineered with safety features to prevent overheating and provide a convenient and energy-efficient means of staying warm during colder seasons.

The main types of electric blankets include over blankets, under blankets, and electric pads. Over blankets are designed to be placed atop the user while sleeping, ensuring warmth and comfort throughout the night. These blankets come in various materials such as wool, cotton, polyester, acrylic, and others, offered across different price ranges including economy, mid-range, and premium. They are available in various sizes including single, full or queen, and king sizes, catering to a diverse range of end-users including hotels, hospitals, and households.

The electric blankets market research report is one of a series of new reports that provides electric blankets market statistics, including electric blankets industry global market size, regional shares, competitors with an electric blankets market share, detailed electric blankets market segments, market trends and opportunities, and any further data you may need to thrive in the electric blankets industry. This electric blankets market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The electric blankets market consists of sales of products such as electric mattress, and electric throws. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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