Electric Blankets Market Growth, Trends, Size, Share, Industry Demand, Global Analysis

The entire global Electric Blankets Market was valued at USD 398.39 Million in 2021, and it is expected to reach USD 667.80 Million by 2029, exhibiting a CAGR of 6.67 % during the forecast period (2022-2029)

There are 34 countries identified in the report that are supposed to be desirable travel destinations for industry stakeholders. Based on their probable investment criteria, regional dominance, and global reach, the key players are selected for benchmarking and profiling. There has been a consideration of each local, regional, and international actor's contribution to the overall market.

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Electric Blankets Market Dynamics:

The significant market dynamics by both developed and developing regions of the world can be examined using MMR Research, a focused and useful research methodology. To help clients and corporations succeed in specialised industries and grow in emerging global marketplaces, MMR experts also conduct in-depth evaluations of geographical regions. The continually changing Player landscape that has an impact on the market's development is also highlighted by this Electric Blankets market research report.

Electric Blankets Market Overview:

The report carried out a micro level analysis of each nation to estimate the total size of the Electric Blankets market by nations and segments. A bottom-up approach is used to determine the size of the local and global markets. It is feasible to assess how much the unorganised market contributes to the size of the broader market by performing a micro-level examination of each nation. The substantial research done by the business organisation to understand the Electric Blankets market's drivers, restraints, and opportunities is determined by the Electric Blankets market. Afterward, the findings are confirmed through interviews with influential businesspeople in the area. Both premium and free data bases are used in the secondary research and analysis of the same. Each player's supply and consumption data is derived from official government databases, third-party databases, and, in the case of publicly traded companies, financial reports of the company. Financial records from firms may be obtained from the local government's tax division if they are not made publicly available.

Electric Blankets Market Segment:

There are offline and online channels in the market for electric blankets. The offline market accounted for little over 66.41% of total sales in 2021. Due to the actual presentation of goods and the opportunity to assess product characteristics, offline sales and distribution techniques have become more and more popular. The majority of purchases made by Americans are made offline, from mass merchants, followed by retail, department, and specialty stores. Mass merchants account for the majority of offline purchases made by American customers, with retail, department, and specialised stores coming in second and third, respectively. It is anticipated that 75 million American households, or 61 percent, will have electric blankets.

Electric Blankets Market Key players: 

• Silentnight
• Slumberdown
• Sunbeam
• Lakeland
• Sleepwell
• Biddeford Blankets
• Rainbow Group
• Caiyang
• Shanghai Xiaomianyang Electric
• Qingdao Qindao Electric
• Perfect Fit Industries, LLC.
• Tenacta Group S.p.A.
• Bokuk Electronics CO.
• Morphy Richards
• CDB Goldair
• Glen Dimplex
• MAXSA Innovations
• Odessey Products
• Krien Health Care

Regional Analysis:

The Electric Blankets market is divided into five primary geographic regions, including North America, Europe, Asia Pacific, the Middle East, Africa, and South America.

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Research methodology:

• Top-down and bottom-up methodologies are used to estimate and validate global Electric Blankets market size.
• To develop a comprehensive list of functional and significant players, players closely adhere to various industry classification criteria. To identify the market's most relevant companies for the research, a detailed validation test is also conducted.
• Factiva, Bloomberg, etc., are paid databases used to sort priority lists based on revenue generated in the most recent quarter.
• Lastly, the questionnaire was constructed and particularly created to satisfy all requirements for gathering primary data by appointment only, focusing on the primary target categories.  This assists us in gathering information on player income, running costs, profit, and the evolution of various goods and services, among other things. Nearly 70–80% of the data is gathered from original sources and is then verified by a variety of secondary sources, such as authorities, the World Bank, associations, business websites, SEC filings, OTC BB, USPTO, EPO, annual reports, press releases, etc.

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