Electric Blankets Market, By Type (Over Blankets, Under Blankets, and Electric Pads), End User (Hotel, Hospital, and Household), Price Range (Economy, Mid-range, and Premium), Size (Single Size, Full/Queen Size and King Size), Material (Wool, Cotton, Polyester, Acrylic, and Other Materials), Sales Channel (Direct and Indirect) - Industry Trends and Forecast to 2031.
The Electric Blankets Market sector is rapidly evolving, with substantial growth and advancements anticipated by 2031. Comprehensive market research provides an in-depth analysis of market size, share, and trends, offering crucial insights into its expansion. The report delves into market segmentation and definitions, highlighting key components and drivers. By utilizing SWOT and PESTEL analyses, it assesses the market's strengths, weaknesses, opportunities, and threats, along with political, economic, social, technological, environmental, and legal factors.
Electric Blankets Market Industry Trends and Forecast to 2031
What are the projected market size and growth rate of the Electric Blankets Market?
Data Bridge Market Research analyses that the Electric Blankets Market which was USD 1.1 Million in 2023 is expected to reach USD 1.99 Billion by 2031 and is expected to undergo a CAGR of 7.70% during the forecast period of 2023 to 2031
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Which are the top companies operating in the Electric Blankets Market?
The report profiles noticeable organizations working in the water purifier showcase and the triumphant methodologies received by them. It likewise reveals insights about the share held by each organization and their contribution to the Electric Blankets Market extension. This Electric Blankets Market report provides the information of the Top 10 Companies in Electric Blankets Market in the market their business strategy, financial situation etc.
**Electric Blankets Market Analysis 2024-2031**
The electric blankets market is projected to witness significant growth between 2024 and 2031 due to the increasing demand for energy-efficient and comfortable heating solutions. With the rising awareness about the benefits of electric blankets in reducing energy consumption and providing personalized warmth, the market is poised for steady expansion during this period. Factors such as technological advancements, the availability of smart electric blankets, and the growing preference for eco-friendly heating solutions are expected to drive market growth.
**Segments:**
- **Product Type:** Underblankets, Overblankets
- **Material:** Cotton, Polyester, Others
- **Distribution Channel:** Online Retail, Offline Retail
**Market Players:**
- Sunbeam Corporation
- Biddeford Blankets, LLC
- Silentnight Group
- Beurer
- Morphy Richards
- Perfect Fit Industries
- Eight Sleep
- Sleep Number Corporation
The electric blankets market is highly competitive, with key players focusing on product innovation, strategic partnerships, and expansion into untapped markets to gain a competitive edge. Collaborations with technology companies to develop smart electric blankets with advanced features such as temperature control and connectivity with smart devices are expected to drive market growth in the coming years. Additionally, investments in research and development to enhance product quality and safety standards will shape the competitive landscape of the electric blankets market.
The electric blankets market is witnessing a transformation with the rapid advancements in technology and the increasing focus on energy efficiency and sustainability. Manufacturers are constantly innovating to meet the changing consumer preferences and regulatory requirements. One of the key trends shaping the market is the growing demand for smart electric blankets. These blankets come equipped with features such as adjustable temperature settings, timers, and compatibility with smart home devices, offering consumers greater control and customization over their heating experience.
Another significant trend in the electric blankets market is the shift towards eco-friendly materials and manufacturing processes. Consumers are becoming more conscientious about the environmental impact of their purchases, leading to a rising demand for electric blankets made from sustainable materials such as organic cotton or recycled polyester. Manufacturers are responding to this trend by incorporating eco-friendly practices into their production processes, thereby appealing to a growing segment of environmentally conscious consumers.
The distribution landscape of the electric blankets market is also evolving, with a noticeable shift towards online retail channels. E-commerce platforms provide consumers with convenience, a wide range of product choices, and often competitive pricing. As a result, many electric blanket manufacturers are focusing on strengthening their online presence and optimizing their e-commerce strategies to reach a larger customer base. However, traditional offline retail channels still play a crucial role in the market, particularly for consumers who prefer to see and touch the product before making a purchase.
In terms of market competition, key players in the electric blankets industry are investing heavily in research and development to introduce innovative products and gain a competitive edge. Strategic collaborations and partnerships with technology companies are also on the rise, as manufacturers look to leverage advancements in smart home technologies to enhance the functionality and appeal of their electric blankets. Additionally, market players are focusing on expanding into emerging markets with high growth potential to capitalize on the increasing demand for comfortable and energy-efficient heating solutions.
Overall, the electric blankets market is poised for robust growth in the forecast period, driven by factors such as technological innovation, increasing consumer awareness about energy efficiency, and the shift towards eco-friendly products.**Market Players:**
- American Blanket Company (U.S.)
- Pendleton Woolen Mills (U.S.)
- Amritsar Swadeshi Textile Corporation Pvt. Ltd. (India)
- Hudson's Bay Company (Canada)
- Boll & Branch (U.S.)
- URBANARA GmbH (Germany)
- Shanghai Easun Group (China)
- Medline Industries, Inc. (U.S.)
- Chellco Industries Limited (Nigeria)
- Biddeford Blankets, LLC (U.S.)
- Youngman Woollen Mills Private Limited (India)
- Morphy Richards (England)
- Silentnight Group Limited (U.K.)
- Barker Textiles UAB (Lithuania)
- Kanata Blanket Co. (Canada)
- Faribault Woolen Mill. (U.S.)
The electric blankets market is experiencing a transformative phase characterized by technological advancements, increasing emphasis on energy efficiency, and a growing demand for sustainable products. Key trends shaping the market landscape include the rising popularity of smart electric blankets, which offer enhanced control and customization features for users. Manufacturers are also responding to the shift towards eco-friendly materials by incorporating sustainable practices into their production processes, catering to the preferences of environmentally conscious consumers. Furthermore, the distribution channels are evolving, with a notable shift towards online retail platforms that offer convenience and a diverse product range to consumers.
In terms of market competition, key players in the electric blankets industry are investing significantly in research and development to introduce
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