Electric Blankets Market Size, Share, Growth and Forecast Report
by Susan Hill Business ConsultantThe global electric blankets market size is expected to
reach USD 1.2 billion by 2025, according to a new report by Grand View
Research, Inc., registering a 7.1% CAGR during the forecast period. Growing
incorporation of technological advancements in consumer convenience products
and devices is driving the market. Consumers living in countries with long,
harsh winters and those suffering from various pain-related ailments are key
end users of electric blankets.
Electric blankets are
comparatively less expensive than heaters and are of great use in countries
with long and harsh winters. Companies have been focusing on developing well
insulated sheets lined with thick fleece to provide ample natural insulation
and warmth. They are also introducing products that can be washed and are
portable. For instance, Medisana HDW designed a blanket that is machine
washable and is made out of microfiber fleece.
Asia Pacific emerged as the
largest market in 2018 and is estimated to account for close to 32.0% of the
global market by 2025. The market dominance can be attributed to increasing use
and widespread availability of electric blankets in China. China’s purchase
quantities amount to roughly 30 million units each year, as they are very
easily available, are increasingly affordable, and are also sold in department
stores as well as at garage sales.
By end user, household
accounted for the largest share of more than 45.0% in 2018. Increasing
disposable income of consumers, coupled with surge in home ownership in several
developing countries, has supported the growth of the segment. Improving
lifestyles of people, especially in China, and introduction of technology-based
convenient consumer products are expected to drive the use of electric blankets
over the next few years. Affordability, comfort, and benefits have driven
product demand across various consumer age groups, especially among those
suffering from ailments such as arthritis, muscle pains, sinus problems,
fibromyalgia, and painful menstruation.
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Sample Copy of the Global Electric Blankets Market Research Report @
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Further key findings from the report suggest:
- The global electric blankets market is
expected to reach a value of USD 1.2 billion by 2025, exhibiting a CAGR of
7.1% from 2019 to 2025
- APAC emerged as the largest market in
2018 and is estimated to account for close to 32.0% of the global market
by 2025, driven majorly by high demand in China
- Some of the major players operating in
the global market are Jarden Corporation, Shanghai Shenda Co. Ltd., Morphy
Richards Ltd., Snugnights UK LLP, Beurer GmbH, Caiyang, Slumberdown,
Shijiazhuang Mengjie Industry Co. Ltd., and Silentnight Group Ltd.
Access full research report on global electric
blankets market:
www.grandviewresearch.com/industry-analysis/electric-blankets-market
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Created on Nov 24th 2019 22:29. Viewed 293 times.