Global Electric Blankets Market to Reach US$ 1.5 Billion by 2028, Stimulated by Increasing Awareness of Sleep Health

According to the latest report by IMARC Group, titled “Electric Blankets Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global electric blankets market size reached US$ 1.0 Billion in 2022. Electric blankets are specialized bedding essentials that incorporate heating elements to provide warmth during colder weather. These blankets are designed for beds, providing users with controlled and adjustable heat levels to ensure optimal comfort. Electric blankets are typically made of soft and durable materials, such as fleece, polyester, or cotton, providing a cozy and soothing experience. They come in various sizes to fit different bed dimensions, ranging from single to king-sized beds, catering to diverse consumer needs. Electric blankets are also commonly utilized in medical settings to provide localized warmth for patients with certain health conditions, such as muscle pain, arthritis, or poor circulation. The therapeutic benefits of targeted heat make electric blankets a valuable aid in pain management and alleviating discomfort.
 

Global Electric Blankets Market Trends:

The growing consumer inclination towards energy-efficient and eco-friendly products, as electric blankets consume less energy, leading to reduced electricity bills and environmental impact, are some of the major factors driving the market growth. Additionally, the increasing focus on personalized comfort and convenience as consumers seek products catering to their individual preferences and customizable heating settings is propelling the market growth. In line with this, the growing investment in research and development (R&D) efforts by manufacturers to produce electric blankets with multiple heat zones, allowing users to control the temperature independently for different parts of the bed, is strengthening the market growth. Moreover, the rising disposable income and the increasing demand for premium electric blankets with advanced features and luxurious materials as consumers prioritize comfort and invest in high-quality bedding products, is bolstering the market growth. In addition to this, the widespread product utilization by the geriatric population, as they are more susceptible to the cold and often require additional warmth during sleep, is providing a thrust to the market growth. Furthermore, the increasing popularity of electric blankets in medical settings to offer localized heat for patients with certain health conditions, such as muscle pain, arthritis, or poor circulation, is favoring the market growth. Besides this, the increasing utilization of smart home technologies, such as the Internet of Things (IoT) and the integration of electric blankets into smart home ecosystems enabling users to control and adjust settings remotely through mobile apps or voice-activated virtual assistants, are providing remunerative growth opportunities for the market. Looking forward, the market value is projected to reach US$ 1.5 Billion by 2028, expanding at a CAGR of 6.9% during 2023-2028.
 

Market Summary:

• Based on the type, the market has been bifurcated into electric under blankets and electric over blankets.
• On the basis of the size, the market has been divided into single size, double size and king size.
• Based on the material, the market has been categorized into wool, cotton, polyester, acrylic and others.
• On the basis of the distribution channel, the market has been divided into supermarkets and hypermarkets, specialty stores, online stores and others.
• Based on the end-user, the market has been classified as commercial (hotels, hospitals and others) and residential.
• Region-wise, the market has been segmented into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.
• The competitive landscape of the market has also been examined, with some of the key players being Argos Limited (J Sainsbury Plc), Beurer GmbH, Biddeford Blankets LLC (Microlife Corporation), CDB Goldair, Glen Dimplex Group, MAXSA Innovations LLC, Morphy Richards Limited, Shavel Associates Inc., Silentnight Group Limited, Slumberdown Group Limited (John Cotton Group Limited), and Sunbeam Products Inc. (Newell Brands Inc).

Report Scope:

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
 

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