Electric Blankets Market was valued at USD 424.96 Million in 2022, and it is expected to reach USD 667.80 Million by 2029, exhibiting a CAGR of 6.67 % during the forecast period (2023-2029)
Electric Blankets Market Overview:
This Electric Blankets Market study looks at current and emerging industry trends and dynamics in the global Electric Blankets market. Electric Blankets Extensive market forecasting for the major market segments is carried out between 2023 and 2029. Extensive Electric Blankets market analysis is carried out by closely monitoring key product positions and the main competitors in the market framework. To understand the competitive landscape of the worldwide Electric Blankets market, key players are profiled and their strategies are thoroughly evaluated.
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Electric Blankets Market Scope:
The analysis provides a comprehensive assessment of the current state of the Electric Blankets market, including the latest trends, drivers, and an overview of the overall Electric Blankets market dynamics. The growing demand for Electric Blankets is a key factor propelling market growth. The research on the Electric Blankets market delves into aspects such as technology, end-user segments, product types, and the geographical distribution.
Electric Blankets Market Drivers:
Unique Features of Different Electric Blankets: When the warmth supplied by a home heating system is insufficient, an electric blanket keeps the user warm and comforting while lowering total house heating expenditures. Electric blankets provide a variety of benefits in addition to lowering energy use. Manufacturers are also pursuing innovative features such as waterproof blankets, battery-powered blankets with mobile charging outlets, lightweight, durable, machine washable, and water resistant blankets. Other advantages, such as machine washable and stain resistant electric blankets, make its use more sanitary and user-friendly. Such characteristics entice a big number of individuals.
Customers over the age of sixty are especially vulnerable to harsh and unpleasant weather, therefore they are experimenting with electric blankets. Electric blankets are proven to be a successful means of caring for elderly people as technology helps to transform senior care. Electric blankets provide various advantages over traditional heating appliances for senior consumers, including the avoidance of a highly hot and stuffy environment generated by the use of a room heater.
Electric Blankets Market Segmentation:
by Product Type
Over Blankets
Under Blankets
Electric Pads
by Distribution Channel
Offline
Online
by End User
Hotels
Hospitals
Households
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Electric Blankets Market Key Players:
The market research report provides comprehensive quantitative insights that provide a clear picture of the worldwide market potential in a variety of categories, as well as country-by-country analyses in each covered topic. The analysis investigates the market’s major influencing factors, as well as complete company profiles of
1. Argos
2. Lakeland
3. Dreamland
4.Morphy Richards
5. Beurer
6. Silentnight
7. Slumberdown
8. Sunbeam
9. Lakeland
10. Sleepwell
11. Biddeford Blankets
12. Rainbow Group
13. Caiyang
14. Shanghai Xiaomianyang Electric
15. Qingdao Qindao Electric
16. Perfect Fit Industries, LLC.
17. Tenacta Group S.p.A.
18. Bokuk Electronics CO.
19. Morphy Richards
20. CDB Goldair
21. Glen Dimplex
22. MAXSA Innovations
23. Odessey Products
24. Krien Health Care
Regional Analysis:
The regional section of the Electric Blankets market study incorporates factors like specific market influencers and alterations in market regulations that affect both current and future market trends. It also encompasses data points such as downstream and upstream value chain analysis, technology trends, porter’s five forces analysis, and case studies. These indicators are utilized to anticipate potential market scenarios across different industries. Additionally, the analysis of projection data for the region considers the presence and accessibility of global players, along with the challenges they encounter due to significant competition or limited competition from local and domestic brands.
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COVID-19 Impact Analysis on Electric Blankets Market:
The COVID-19 epidemic has had a significant impact on the global Electric Blankets industry. Electric Blankets Production facilities were halted due to the global economic slump and a lack of manpower. The COVID-19 pandemic has led to a significant and extended drop in production utilization, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the Electric Blankets market to decelerate in 2020. The negative impact of COVID-19 on the Electric Blankets market, on the other hand, is expected to be transitory, and the sector is expected to revive significantly by early 2021, owing to increased demand for Electric Blankets .
Key Questions Answered in the Electric Blankets Market Report are:
- Which segment was responsible for the largest share in the Electric Blankets market?
- How was the competitive scenario of the Electric Blankets market in 2020?
- Which are the key factors responsible for the Electric Blankets market growth?
- Which region held the maximum share in the Electric Blankets market in 2020?
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