Global Electric Blankets Market

Electric Blankets Market was valued at USD 453.30 Million in 2023, and it is expected to reach USD 712.34 Million by 2030, exhibiting a CAGR of 6.67 % during the forecast period.

An electric blanket is a blanket with built-in electrical heating wires. Underblankets, overblankets, throws, and duvets are all types. Above the mattress and below the bottom bed sheet is an electric underblanket. This is the most prevalent form in the United Kingdom and Commonwealth nations, where it is referred to as a "electric blanket" by default; in the United States and Canada, where it is less widespread, it is referred to as an electric heated mattress pad.

The most popular variety is an electric overblanket, which is placed atop the top bed sheet and is known as a "electric blanket" in the United States and Canada. Electric blankets often have a control mechanism that controls the amount of heat produced by the blanket by pulsing electricity at varied intervals. Two-person blankets frequently include separate settings for each side of the bed. The electric blanket may be used to either pre-heat the bed or keep the occupant warm while in bed. Electric blankets consume between 15 and 115 watts of power. Some new "low voltage" electric blankets use 12 to 24 volts and contain tiny carbon fibre cables.

The primary reasons driving the electric blankets market are improving living standards and earnings. In India, for example, lower-income families' disposable income has consistently increased faster than that of other income quintiles since the epidemic began. This pattern was also evident in the first half of 2022, when the disposable income of low-income families increased by 3.0 percent and 3.3%, respectively, while the income of high-income households decreased by 6.4% and then increased by 3.9%. Customers are increasingly inclined to select luxury and comfortable sleeping items, such as electric blankets. The market is developing as a consequence of rising demand for electric blankets to help those suffering from discomfort during cold weather.

Research Methodology

The research report relies heavily on both primary and secondary data sources. The research process entails the investigation of various factors affecting the industry, such as government policy, market environment, competitive landscape, historical data, current market trends, technological innovation, upcoming technologies, and technical progress in related industries, as well as market risks, opportunities, market barriers, and challenges.

All conceivable elements influencing the markets included in this research study have been considered, examined in depth, validated through primary research, and evaluated to provide the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalised, and the impact of inflation, economic downturns, regulatory & policy changes, and other variables is factored into the market forecast. This data is combined and added with detailed inputs and analysis, and presented in the report.To know about the Research Methodology :- Request Free Sample Report

Electric Blankets Market Dynamics

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.

Nations with Lengthy Winters: Electric blankets are quite beneficial in countries with long and harsh winters, and they are less costly than heaters. Businesses have focused on producing well-insulated sheets covered with thick fleece to provide lots of natural insulation and warmth. They also sell portable and washable products. For example, a Medisana HDW blanket made of microfibre fleece is machine washable. It offers four heat settings for more control. Imetec 16175 and Klarstein Dr. Watson XL are two more products in this category.

Increasing Investments in R&D: The increasing investment in the development of sophisticated types of blankets such as water resistant blankets, battery driven, light weight, durable, and others, as well as the decrease of energy usage, are expected to drive the growth of the electric blankets market. Manufacturers are also developing microfibre fleece variations to give extra natural insulation and warmth retention. Other factors, such as expanding consumer expenditure capabilities and intensive research and development (R&D) operations to produce unique elder care goods, are likely to boost the market even more.

High Demand for Under Blankets: Over blankets, under blankets, and electric pads are among the several varieties of electric blankets available on the market. Over blankets, as the name implies, are draped over the body. Under blankets, also known as heated mattress pads or electric fitted sheets, are heating pads that go over the mattress and underneath the bottom bed sheet to offer heat from below, whereas electric pads are heating pads that are used to warm portions of the body to manage discomfort. Among them, demand for under blankets is expected to be the largest during the forecast period. One of the important drivers driving market expansion is the growing customer taste for luxury, comfy, and premium bedding goods, as well as global urbanisation.

Concerns for Safety & Health: One of the key factors impeding market development is safety concerns. These devices produce low-frequency electromagnetic fields, which may be harmful to a growing foetus. Exposure to extremely low frequencies can lead to the development of brain tumours and paediatric leukaemia. An electric blanket may be a deadly addition to a bed if used incorrectly. When pregnant, it is dangerous to overheat the body with an electric blanket. Electric blankets should not be used by pregnant women because they emit low frequency electromagnetic fields that penetrate the body. A greater core body temperature may damage the foetus, especially during the first trimester. These issues are expected to limit the electric blanket market's revenue growth.

Seasonality of Electric Blankets: Investing in the electric blanket industry might be a risky venture. Many corporations spend a significant amount of money on research and development, design, packaging, and advertising of a product that they only intend to sell for two to three months since it is impossible to sell beyond of that time frame. Electric blankets are mostly marketed to customers from September until the end of January, making it a high-risk company.

Electric Blankets Market Segment Analysis

Based on the distribution channel, The market for electric blankets has been divided into offline and online channels. In 2023, the offline segment accounted for little about 66.41% of total revenue. Offline sales and distribution methods have grown in popularity due to their physical presentation of items and the chance to evaluate product attributes. In the United States, consumers prefer to buy offline, mostly from mass merchants, followed by retail, department, and specialised stores.

The bulk of American customers' offline purchases are done through mass merchants, with retail, department, and specialty stores following in second and third. Electric blankets are expected to be in 75 million American households, or 61 percent. According to Tamara Young, a CPSC public information expert, the team investigating electric blankets has advised revising the Underwriters Laboratory (UL) rules to lessen the risk of fire hazards. Electric blankets are produced from man-made materials with higher melting points than cotton, such as acrylic and polyester. Retail sales, on the other hand, are more popular in Asian countries due to their ubiquitous availability.

However, e-commerce platforms are becoming more popular as distribution channels, owing to an increasing number of tech-savvy customers and a growing preference for online purchasing. This trend has also brought e-retailers selling quality items to reach out to the fast increasing client base, in addition to the advent of third-party online distributors.

By end-user, In 2023, households accounted for more than 47.1% of the total. Consumers' increasing disposable income, along with a boom in homeownership in some emerging nations, has aided the segment's expansion. Employee remuneration was the primary driver of income disparities between the lowest and highest income quintiles in the first half of 2023. Over the same time periods, employee wages climbed faster for families in the lowest income quintile than for those in the highest income quintile, increasing 5.1 percent in the first quarter and 8.7 percent in the second.

People's improved lifestyles, particularly in China, and the advent of technology-based handy consumer items are projected to promote the usage of electric blankets in the next years. Product demand has been driven by affordability, comfort, and advantages across various consumer age groups, particularly among those suffering from conditions such as arthritis, muscular aches, nasal difficulties, fibromyalgia, and painful menstruation.

Commercial sectors such as hotels and hospitals are likely to increase rapidly in the future years. Increased tourism in colder nations is expected to increase the usage of electric blankets in the hotel business. Hospitals provide profitable potential for market participants since these flexible heating items may assist keep a patient's room temperature stable during extreme cold.

Electric Blankets Market Regional Insights

North America is expected to lead the market during the forecast period, exhibiting a CAGR of 7.4%. The market for electric blankets in North America is largely driven by rising living standards and income levels. As a result, customers are increasingly drawn to luxurious bedding goods such as electric blankets. The growing demand for electric blankets to support those suffering from pain-related disorders during cold weather has boosted market expansion.

An electric blanket has a built-in circuit that delivers adequate warmth. It also provides a nice sleeping experience and is a mood booster, giving the user with wonderful comfort. Electric blankets include many benefits, such as changeable temperatures and ease of use, making them the preferred option of consumers. Beraraby, for example, released Travel Napper, a lightweight travel blanket ideal for aeroplanes, trains, and other modes of public transportation, in July 2022.

The Asia-Pacific region is estimated to have a major share of the electric blankets market, accounting for 32.0% by the end of the forecast period. Electric blankets are becoming increasingly popular in China, resulting in market dominance. The rising use and broad availability of electric blankets in China has contributed to the market's domination. China purchases around 30 million pieces every year since they are widely available, increasingly inexpensive, and offered in department shops as well as garage sales.

China purchases over 30 million pieces every year because to their extensive availability, dropping price, and availability in both department stores and yard sales. Furthermore, China is a major supplier of electric blankets. China ($237 million), Czechia ($12.6 million), Indonesia ($8.94 million), Vietnam ($6.96 million), and Germany ($5.06 million) were the top exporters of fabrics used in electric blankets in 2020.

Europe is developing at the quickest pace in the electric blankets market, owing to rising demand for various flexible heating goods caused by the weather. Customers' desire to pay whatever it takes to be warm and comfy during harsh winters will further aid the growth of the electric blankets Market during the forecast period. Temperatures reached new highs throughout the Atlantic Ocean, North Africa, the Middle East, and parts of Russia, with numerous sites breaking new records. Temperatures throughout Europe fluctuated dramatically from month to month, especially in northern Russia.

Report Scope:

The Electric Blankets Market research report covers product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, and the most recent dynamic analysis, among other things. The report discusses the global market's drivers, opportunities, and limitations. It discusses the influence of various drivers, trends, and restraints on market demand during the forecast period. The research also outlines market potential on a global scale.

The research includes the production time, base distribution, technical characteristics, research and development trends, technology sources, and raw material sources of main Electric Blankets Market firms in terms of production bases and technologies. The more precise study also contains the primary market and consumer application sectors, significant regions and consumption, major producers, distributors, raw material suppliers, equipment providers, and their contact information, as well as an industry chain relationship analysis. This report's study also contains product specifications, manufacturing processes, cost structure, and data information organised by area, technology, and application.

Electric Blankets Market Scope: Inquire before buying

Electric Blankets Market, by Region

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)

Electric Blankets Market, Key Players 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

Frequently Asked Questions:

1. Which region has the largest share in Global Electric Blankets Market?
Ans: North America region holds the highest share in 2023.

2. What is the growth rate of Global Electric Blankets Market?
Ans: The Global Electric Blankets Market is growing at a CAGR of 6.67% during forecasting period 2024-2030.

3. What is scope of the Global Electric Blankets market report?
Ans: Global Electric Blankets Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Electric Blankets market?
Ans: The important key players in the Global Electric Blankets Market are – Argos, Lakeland, Dreamland, Morphy Richards, Beurer, Silentnight, Slumberdown, Sunbeam, Lakeland, Sleepwell, Biddeford Blankets, Rainbow Group, Caiyang, Tenacta Group S.p.A., Bokuk Electronics CO., Morphy Richards, CDB Goldair, Glen Dimplex, MAXSA Innovations, Odessey Products, and Krien Health Care.

5. What is the study period of this market?
Ans: The Global Electric Blankets Market is studied from 2023 to 2030.