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).
Electric Blankets Market Overview
The global business consulting firm Maximize Market Research has announced a global business intelligence report on the Electric Blankets market. The report indicates the lucrative growth for Electric Blankets market suppliers in the forecast period through 2029. The report provides a competitive and pricing analysis along with the regional demand and supply and production analysis in it. It specifies its main segmentation and key drivers of the industry.
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Market Scope
The market intelligence report on Electric Blankets market provides the readers with valuable information on the specific market drivers, challenges, restraints and market penetration and the opportunities prevailing in the market. The detailed analysis of the various segments of the market helps the stakeholders and investors to formulate investments and production decisions. While researching the market the quantitative and qualitative methods are used to properly analyse the industry. The sizes of the market and growth rate are covered in the report. The keys players and the new entrants in the market are analysed to understand a comprehensive competitive analysis.
Research tools are also used to understand the market’s strength, weakness, new opportunities and challenges coming in forecast period. Tools such SWOT, PESTLE and PORTER’s five forces are used to analyse to understand underlying factors affecting the industry.
Market Dynamics
Unique Features of Different Electric Blankets: An electric blanket keeps the user warm and comfortable when the heat provided by a home heating system is insufficient while reducing overall home heating costs. In addition to consuming less energy, electric blankets offer a number of advantages. Additionally, producers are pursuing cutting-edge features like waterproof blankets, battery-operated blankets with mobile charging ports, and blankets that are lightweight, strong, machine-washable, and water resistant. The use of electric blankets is made more hygienic and user-friendly by additional benefits like machine washable and stain resistant blankets. Such qualities appeal to a large number of people.
Segmentation
The market for electric blankets has been segmented into offline and online channels based on the distribution channel. The offline market accounted for just over 66.41% of total revenue in 2021. Due to the physical 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.
final user, Households made up more than 47.1% of the total in 2021. The segment has grown as a result of consumers' rising disposable income and a boom in homeownership in some emerging countries. In the first half of 2021, employee compensation was the main factor causing income gaps between the lowest and highest income quintiles. Employee wages increased 5.1 percent in the first quarter and 8.7 percent in the second for families in the lowest income quintile compared to the highest income quintile over the same time periods.
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Key Players
• Argos
• Lakeland
• Dreamland
• Morphy Richards
• Beurer
• 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
Electric Blankets Region dominated the market in 2021 and is also expected to witness the significant growth during the forecast period. The regional analysis in the report includes geographic condition of the market revenue as well as in depth research into the business network structure, opportunities and news updates. It also guides investors to plan the market strategies which are suitable and applicable in specific regions.
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Key Questions answered in the Electric Blankets Market Report are:
Key offerings:
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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Maximize Market Research provides B2B and B2C research on 12,500 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Bever
Mar 08, 2023
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