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:
The Electric Blankets market report includes New recent developments, trade rules, import-export assessment, business model, value chain optimization, market share, the impact of domestic and localized market participants, evaluates opportunity in terms of emerging income pockets, shifts in market restrictions, tactical market growth analysis, sales volume, segment’s market growths, application niches and dominance, product approvals, product releases, geographic regions, etc..
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Electric Blankets Market Scope:
A competitor’s information is provided in the highly competitive environment for the Electric Blankets market. The information includes a business overview, financials, revenue generated, market potential, research and development investment, new market efforts, geographical presence, firm advantages and disadvantages, product introduction, and application dominance. The information shown above is only related to the businesses’ focus on the Electric Blankets industry.
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.
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Electric Blankets Market Segmentation:
by Product Type
Over Blankets
Under Blankets
Electric Pads
by Distribution Channel
Offline
Online
by End User
Hotels
Hospitals
Households
Electric Blankets Market Key Players:
The major players covered in the Electric Blankets market report are
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
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Regional Analysis:
The causes for the global Electric Blankets market’s rise, and the industry’s numerous users, are explored. Market participants, geographies, and special requirements all give data. This study proposal is ready for the market and offers a full evaluation of all important advancements that are now prevalent in all market sectors. Statistics, infographics, and demonstrations have been used to provide key data analysis.
COVID-19 Impact Analysis on Electric Blankets Market:
The COVID-19 pandemic resulted in a severe and prolonged decline in production utilization, while travel bans and facility closures kept people away from their facilities, leading the Electric Blankets market to slow in 2020. The new research features COVID 19’s impact on the Electric Blankets market, as well as insights, analysis, estimations, and projections.
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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