Electric Blanket Market Size, Trends and Insights By Distribution Channel (Offline Sales, Online Sales), By End-user (Hotels, Hospitals, Households), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030


Report Code: CMI18577

Published Date: September 2022

Pages: 220+

Category: Consumer Goods

Reports Description

The unique features offered by various electric blanket manufacturers are fueling the growth of the Electric Blanket market.

According to Custom Market Insights (CMI), The Global Electric Blanket Market Size was valued at USD 835.14 million in 2021 and is expected to reach USD 923.11 million in 2022, and is estimated to reach USD 1680 million by the end of 2030 at a CAGR of approximately 8.4% during the forecast period 2022-2030.

The report further provides an overview of drivers, restraints, and opportunities in the Electric Blankets market. Moreover, the report examines the global competitive analysis of the Electric Blankets market.

Electric Blanket Market (By Distribution Channel)

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The key purpose of the Global Electric Blankets Market report is to deliver industry investors, company leaders, private equity companies, and stakeholders comprehensive information facilitating them to make informed strategic decisions concerning the changes in the Electric Blankets market throughout the world.

Electric Blanket Market: Overview

A blanket with electrical heating wires incorporated into it is called an electric blanket. Throws, under-blankets, duvets, and over-blankets are a few examples. An electric under-blanket is above the mattress and the bottom bed sheet. In the United Kingdom and other Commonwealth countries, where it is most common, this is known as an “electric blanket” by default. In the United States and Canada, where it is less common, this is known as an “electric heated mattress pad.” The most common type is an electric over-blanket, referred to as an “electric blanket” in the US and Canada. It is placed on top of the top bed sheet.

Electric blankets frequently contain a control system that pulses electricity at different intervals to regulate how much heat the blanket produces. Separate settings for either side of the bed are commonly included with two-person blankets. The electric blanket can be used to warm up the bed beforehand or to keep the person sleeping warm. The power used by electric blankets ranges from 15 to 115 watts. Some recent “low voltage” electric blankets include small carbon fiber cables and operate on 12 to 24 volts.

Electric Blanket Market: COVID – 19 Impact Analysis

The Covid-19 dilemma has significantly influenced the industry and caused the demand for electric blankets to increase slowly. The closing of markets due to the strict government regulations around the world directly impacts the increase in sales of blankets and other textiles, which were considered non-essential in the Covid-19 circumstances.

The blankets industry, however, is anticipated to experience ideal growth in the post-Covid-19 period as markets increasingly enter the open phase. Due to the growth of online shopping and anticipated demand for electric blankets at brick-and-mortar stores, purchasing such things is anticipated to expand in popularity progressively.

Electric Blanket Market: Growth Drivers

Unique Features Offered

An electric blanket keeps the individual 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 several advantages. Additionally, producers are pursuing cutting-edge features like waterproof blankets, battery-operated blankets with mobile charging ports, and lightweight, strong, machine-washable, and water-resistant blankets. Electric blankets are made more hygienic and user-friendly by additional benefits, including machine washable and stain-resistant blankets. Such qualities appeal to a large number of people.

Customers over sixty are experimenting with electric blankets since they are particularly susceptible to inclement weather. In light of how technology is transforming senior care, electric blankets are a successful method of providing for the elderly. Senior consumers who choose electric blankets over traditional heating gadgets can escape the stuffy, heated environment created by a room heater, among other benefits.  

Increased Investments in R&D

The market for electric blankets is anticipated to rise due to rising investments in creating advanced blankets, such as water-resistant, battery-powered, lightweight, durable, and others, as well as declining energy consumption. Manufacturers are also creating microfibre fleece variants to provide additional natural insulation and warmth retention. The market is projected to grow even more due to additional reasons like rising consumer spending capacity and active research and development efforts to create distinctive elder care products.

Electric Blanket Market (By End-user)

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Electric Blanket Market: Segmentation Analysis

In our research scope, the Electric Blankets market is segmented into distribution channels and end-user. By distribution channel, the offline sales segment is expected to hold the dominant share in the market throughout 2022-2030. Due to the actual presentation of goods and the opportunity to assess product characteristics, offline sales and distribution techniques have become increasingly popular. Most purchases made by Americans are made offline, from mass merchants, followed by retail, department, and specialty stores.

Mass merchants account for most American customers’ offline purchases, with the retail, department, and specialized stores coming in second and third, respectively. It is anticipated that 75 million American households, or 61%, will have electric blankets. To reduce the possibility of fire hazards, the team looking into electric blankets has suggested changing the Underwriters Laboratory regulations, according to Tamara Young, a CPSC expert in public information. The materials used to make electric blankets, such as acrylic and polyester, have greater melting points than cotton. However, due to their widespread accessibility, retail sales are more common in Asian nations.

Report Scope

Feature of the Report Details
Market Size in 2021 USD 835.14 Million
Projected Market Size in 2030 USD 1680 Million
CAGR Growth Rate 8.4% CAGR
Base Year 2021
Forecast Period 2022-2030
Prominent Players Jarden Corporation, Caiyang, Morphy Richards Ltd., Shanghai Shenda Co. Ltd., Snugnights UK LLP, Beurer GmbH, Shijiazhuang Mengjie Industry Co. Ltd., Slumberdown, Silentnight Group Ltd., and Others
Key Segment By Distribution Channel, End-user , and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Key Insights: 

  • As per the analysis shared by our research analyst, the Electric Blankets market is estimated to grow annually at a CAGR of around 8.4% over the forecast period (2022-2030).
  • In terms of revenue, the Electric Blankets market size was valued at around USD 835.14 million in 2021 and is projected to reach USD 1680 million by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
  • Based on distribution channel segmentation, the offline sales segment was predicted to hold the maximum market share in 2021.
  • Based on end-user segmentation, the households segment was the leading revenue-generating category in 2021.
  • Based on geography/region, the Asia Pacific region was the leading revenue generator in 2021.

Recent Development

  • September 2022: The top Chinese producer of electrical heating goods, Rainbow Appliance Group, reported that export orders for electric blankets had increased significantly since May, which caused the stock price to soar.
  • July 2022: The Brookstone home category will be expanded by CHF Industries, a recognized leader in the design, production, and distribution of consumer home goods and textiles. Brookstone-branded heated blankets and heated throws, bedding, air mattresses and air beds, robes, towels, and other home goods will be developed.

Regional Landscape

By the end of the forecast period, the Asia-Pacific region is anticipated to hold a significant market share for electric blankets. Electric blankets are getting increasingly popular in China, leading to market dominance.

The market’s dominance has been facilitated by China’s expanding use and accessibility of electric blankets. Since they are widely available, cheaper, and sold in department stores and garage sales, China buys about 30 million each year. Due to their widespread availability, declining price, and availability in department stores and yard sales, China buys about 30 million pieces annually. China is also a significant provider of electric blankets.

Electric Blanket Market (trends by region)

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The global Electric Blankets market is segmented as follows:

By Distribution Channel

  • Offline Sales
  • Online Sales

By End-user

  • Hotels
  • Hospitals
  • Households

On the basis of Geography

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Electric Blankets Market, (2022 – 20302021) (USD Million)
    • 2.2 Global Electric Blankets Market : snapshot
  • Chapter 3. Global Electric Blankets Market – Industry Analysis
    • 3.1 Electric Blankets Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Unique Features Offered
      • 3.2.2 Unique Features Offered
      • 3.2.3 Increased Investments in R&D
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Distribution Channel
      • 3.7.2 Market attractiveness analysis By End-user
  • Chapter 4. Global Electric Blankets Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Electric Blankets Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Electric Blankets Market – Distribution Channel Analysis
    • 5.1 Global Electric Blankets Market overview: By Distribution Channel
      • 5.1.1 Global Electric Blankets Market share, By Distribution Channel, 2021 and 20302021
    • 5.2 Offline Sales
      • 5.2.1 Global Electric Blankets Market by Offline Sales, 2022 – 20302021 (USD Million)
    • 5.3 Online Sales
      • 5.3.1 Global Electric Blankets Market by Online Sales, 2022 – 20302021 (USD Million)
  • Chapter 6. Global Electric Blankets Market – End-user Analysis
    • 6.1 Global Electric Blankets Market overview: By End-user
      • 6.1.1 Global Electric Blankets Market share, By End-user, 2021 and 20302021
    • 6.2 Hotels
      • 6.2.1 Global Electric Blankets Market by Hotels, 2022 – 20302021 (USD Million)
    • 6.3 Hospitals
      • 6.3.1 Global Electric Blankets Market by Hospitals, 2022 – 20302021 (USD Million)
    • 6.4 Households
      • 6.4.1 Global Electric Blankets Market by Households, 2022 – 20302021 (USD Million)
  • Chapter 7. Electric Blankets Market – Regional Analysis
    • 7.1 Global Electric Blankets Market Regional Overview
    • 7.2 Global Electric Blankets Market Share, by Region, 2021 & 20302021 (USD Million)
    • 7.3. North America
      • 7.3.1 North America Electric Blankets Market, 2022 – 20302021 (USD Million)
        • 7.3.1.1 North America Electric Blankets Market, by Country, 2022 – 20302021 (USD Million)
    • 7.4 North America Electric Blankets Market, by Distribution Channel, 2022 – 20302021
      • 7.4.1 North America Electric Blankets Market, by Distribution Channel, 2022 – 20302021 (USD Million)
    • 7.5 North America Electric Blankets Market, by End-user, 2022 – 20302021
      • 7.5.1 North America Electric Blankets Market, by End-user, 2022 – 20302021 (USD Million)
    • 7.6. Europe
      • 7.6.1 Europe Electric Blankets Market, 2022 – 20302021 (USD Million)
        • 7.6.1.1 Europe Electric Blankets Market, by Country, 2022 – 20302021 (USD Million)
    • 7.7 Europe Electric Blankets Market, by Distribution Channel, 2022 – 20302021
      • 7.7.1 Europe Electric Blankets Market, by Distribution Channel, 2022 – 20302021 (USD Million)
    • 7.8 Europe Electric Blankets Market, by End-user, 2022 – 20302021
      • 7.8.1 Europe Electric Blankets Market, by End-user, 2022 – 20302021 (USD Million)
    • 7.9. Asia Pacific
      • 7.9.1 Asia Pacific Electric Blankets Market, 2022 – 20302021 (USD Million)
        • 7.9.1.1 Asia Pacific Electric Blankets Market, by Country, 2022 – 20302021 (USD Million)
    • 7.10 Asia Pacific Electric Blankets Market, by Distribution Channel, 2022 – 20302021
      • 7.10.1 Asia Pacific Electric Blankets Market, by Distribution Channel, 2022 – 20302021 (USD Million)
    • 7.11 Asia Pacific Electric Blankets Market, by End-user, 2022 – 20302021
      • 7.11.1 Asia Pacific Electric Blankets Market, by End-user, 2022 – 20302021 (USD Million)
    • 7.12. Latin America
      • 7.12.1 Latin America Electric Blankets Market, 2022 – 20302021 (USD Million)
        • 7.12.1.1 Latin America Electric Blankets Market, by Country, 2022 – 20302021 (USD Million)
    • 7.13 Latin America Electric Blankets Market, by Distribution Channel, 2022 – 20302021
      • 7.13.1 Latin America Electric Blankets Market, by Distribution Channel, 2022 – 20302021 (USD Million)
    • 7.14 Latin America Electric Blankets Market, by End-user, 2022 – 20302021
      • 7.14.1 Latin America Electric Blankets Market, by End-user, 2022 – 20302021 (USD Million)
    • 7.15. The Middle-East and Africa
      • 7.15.1 The Middle-East and Africa Electric Blankets Market, 2022 – 20302021 (USD Million)
        • 7.15.1.1 The Middle-East and Africa Electric Blankets Market, by Country, 2022 – 20302021 (USD Million)
    • 7.16 The Middle-East and Africa Electric Blankets Market, by Distribution Channel, 2022 – 20302021
      • 7.16.1 The Middle-East and Africa Electric Blankets Market, by Distribution Channel, 2022 – 20302021 (USD Million)
    • 7.17 The Middle-East and Africa Electric Blankets Market, by End-user, 2022 – 20302021
      • 7.17.1 The Middle-East and Africa Electric Blankets Market, by End-user, 2022 – 20302021 (USD Million)
  • Chapter 8. Company Profiles
    • 8.1 Jarden Corporation
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Caiyang
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Morphy Richards Ltd.
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Shanghai Shenda Co. Ltd.
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Snugnights UK LLP
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 Beurer GmbH
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 Shijiazhuang Mengjie Industry Co. Ltd.
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Slumberdown
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Silentnight Group Ltd.
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
List Of Figures
  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Electric Blankets Market, 2022 – 20302021 (USD Million)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Electric Blankets Market attractiveness, By Distribution Channel
  • 6. Global Electric Blankets Market attractiveness, By End-user
  • 7. Global Electric Blankets Market share by Distribution Channel, 2022 and 20302021 (USD Million)
  • 8. Global Electric Blankets Market by Offline Sales, 2022 – 20302021 (USD Million)
  • 9. Global Electric Blankets Market by Online Sales, 2022 – 20302021 (USD Million)
  • 10. Global Electric Blankets Market share by End-user, 2022 and 20302021 (USD Million)
  • 11. Global Electric Blankets Market by Hotels, 2022 – 20302021 (USD Million)
  • 12. Global Electric Blankets Market by Hospitals, 2022 – 20302021 (USD Million)
  • 13. Global Electric Blankets Market by Households, 2022 – 20302021 (USD Million)
  • 14. Global Electric Blankets Market share, by Region, 2022 and 20302021
  • 15. North America Electric Blankets Market, 2022 – 20302021 (USD Million)
  • 16. Europe Electric Blankets Market, 2022 – 20302021 (USD Million)
  • 17. Asia Pacific Electric Blankets Market, 2022 – 20302021 (USD Million)
  • 18. Latin America Electric Blankets Market, 2022 – 20302021 (USD Million)
  • 19. The Middle-East and Africa Electric Blankets Market, 2022 – 20302021 (USD Million)
List Of Tables
  • 1. Global Electric Blankets Market: Snapshot
  • 2. Drivers of the Electric Blankets Market: impact analysis
  • 3. North America Electric Blankets Market revenue, By Distribution Channel, 2022 – 20302021 (USD Million)
  • 4. North America Electric Blankets Market revenue, By End-user, 2022 – 20302021 (USD Million)
  • 5. U.S. Electric Blankets Market revenue, By Distribution Channel, 2022 – 20302021 (USD Million)
  • 6. U.S. Electric Blankets Market revenue, By End-user, 2022 – 20302021 (USD Million)
  • 7. Canada Electric Blankets Market revenue, By Distribution Channel, 2022 – 20302021 (USD Million)
  • 8. Canada Electric Blankets Market revenue, By End-user, 2022 – 20302021 (USD Million)
  • 9. Europe Electric Blankets Market revenue, By Distribution Channel, 2022 – 20302021 (USD Million)
  • 10. Europe Electric Blankets Market revenue, By End-user, 2022 – 20302021 (USD Million)
  • 11. Germany Electric Blankets Market revenue, By Distribution Channel, 2022 – 20302021 (USD Million)
  • 12. Germany Electric Blankets Market revenue, By End-user, 2022 – 20302021 (USD Million)
  • 13. France Electric Blankets Market revenue, By Distribution Channel, 2022 – 20302021 (USD Million)
  • 14. France Electric Blankets Market revenue, By End-user, 2022 – 20302021 (USD Million)
  • 15. U.K. Electric Blankets Market revenue, By Distribution Channel, 2022 – 20302021 (USD Million)
  • 16. U.K. Electric Blankets Market revenue, By End-user, 2022 – 20302021 (USD Million)
  • 17. Italy Electric Blankets Market revenue, By Distribution Channel, 2022 – 20302021 (USD Million)
  • 18. Italy Electric Blankets Market revenue, By End-user, 2022 – 20302021 (USD Million)
  • 19. Spain Electric Blankets Market revenue, By Distribution Channel, 2022 – 20302021 (USD Million)
  • 20. Spain Electric Blankets Market revenue, By End-user, 2022 – 20302021 (USD Million)
  • 21. Rest of Europe Electric Blankets Market revenue, By Distribution Channel, 2022 – 20302021 (USD Million)
  • 22. Rest of Europe Electric Blankets Market revenue, By End-user, 2022 – 20302021 (USD Million)
  • 23. Asia Pacific Electric Blankets Market revenue, By Distribution Channel, 2022 – 20302021 (USD Million)
  • 24. Asia Pacific Electric Blankets Market revenue, By End-user, 2022 – 20302021 (USD Million)
  • 25. China Electric Blankets Market revenue, By Distribution Channel, 2022 – 20302021 (USD Million)
  • 26. China Electric Blankets Market revenue, By End-user, 2022 – 20302021 (USD Million)
  • 27. Japan Electric Blankets Market revenue, By Distribution Channel, 2022 – 20302021 (USD Million)
  • 28. Japan Electric Blankets Market revenue, By End-user, 2022 – 20302021 (USD Million)
  • 29. India Electric Blankets Market revenue, By Distribution Channel, 2022 – 20302021 (USD Million)
  • 30. India Electric Blankets Market revenue, By End-user, 2022 – 20302021 (USD Million)
  • 31. South Korea Electric Blankets Market revenue, By Distribution Channel, 2022 – 20302021 (USD Million)
  • 32. South Korea Electric Blankets Market revenue, By End-user, 2022 – 20302021 (USD Million)
  • 33. South-East Asia Electric Blankets Market revenue, By Distribution Channel, 2022 – 20302021 (USD Million)
  • 34. South-East Asia Electric Blankets Market revenue, By End-user, 2022 – 20302021 (USD Million)
  • 35. Rest of Asia Pacific Electric Blankets Market revenue, By Distribution Channel, 2022 – 20302021 (USD Million)
  • 36. Rest of Asia Pacific Electric Blankets Market revenue, By End-user, 2022 – 20302021 (USD Million)
  • 37. Latin America Electric Blankets Market revenue, By Distribution Channel, 2022 – 20302021 (USD Million)
  • 38. Latin America Electric Blankets Market revenue, By End-user, 2022 – 20302021 (USD Million)
  • 39. Brazil Electric Blankets Market revenue, By Distribution Channel, 2022 – 20302021 (USD Million)
  • 40. Brazil Electric Blankets Market revenue, By End-user, 2022 – 20302021 (USD Million)
  • 41. Mexico Electric Blankets Market revenue, By Distribution Channel, 2022 – 20302021 (USD Million)
  • 42. Mexico Electric Blankets Market revenue, By End-user, 2022 – 20302021 (USD Million)
  • 43. Rest of Latin America Electric Blankets Market revenue, By Distribution Channel, 2022 – 20302021 (USD Million)
  • 44. Rest of Latin America Electric Blankets Market revenue, By End-user, 2022 – 20302021 (USD Million)
  • 45. The Middle-East and Africa Electric Blankets Market revenue, By Distribution Channel, 2022 – 20302021 (USD Million)
  • 46. The Middle-East and Africa Electric Blankets Market revenue, By End-user, 2022 – 20302021 (USD Million)
  • 47. GCC Countries Electric Blankets Market revenue, By Distribution Channel, 2022 – 20302021 (USD Million)
  • 48. GCC Countries Electric Blankets Market revenue, By End-user, 2022 – 20302021 (USD Million)
  • 49. South Africa Electric Blankets Market revenue, By Distribution Channel, 2022 – 20302021 (USD Million)
  • 50. South Africa Electric Blankets Market revenue, By End-user, 2022 – 20302021 (USD Million)
  • 51. Rest of Middle-East Africa Electric Blankets Market revenue, By Distribution Channel, 2022 – 20302021 (USD Million)
  • 52. Rest of Middle-East Africa Electric Blankets Market revenue, By End-user, 2022 – 20302021 (USD Million)

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2028
  • Market revenue estimates and forecasts up to 2028, by technology
  • Market revenue estimates and forecasts up to 2028, by application
  • Market revenue estimates and forecasts up to 2028, by type
  • Market revenue estimates and forecasts up to 2028, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Competitive Landscape

Jarden Corporation, Morphy Richards Ltd., Shijiazhuang Mengjie Industry Co. Ltd., Shanghai Shenda Co. Ltd., Snugnights UK LLP, Caiyang, Slumberdown, Beurer GmbH, and Silentnight Group Ltd. are a few of the prominent competitors in the international market. Consumer demands are forcing manufacturers of these items to concentrate more on developing safer, more advanced heating devices. A noticeable trend in the market is an increase in expenditure on research and studies to solve these issues. 

An in-depth investment analysis has been performed, providing forecast and prevailing opportunities for the market participants. The market report focuses on significant characteristics of the market that comprise historic data, present market revenues, PEST analysis, technological investments, and competitive analysis in the related industry.

List of the prominent players in the global Electric Blankets market:

  • Jarden Corporation
  • Caiyang
  • Morphy Richards Ltd.
  • Shanghai Shenda Co. Ltd.
  • Snugnights UK LLP
  • Beurer GmbH
  • Shijiazhuang Mengjie Industry Co. Ltd.
  • Slumberdown
  • Silentnight Group Ltd.

FAQs

“Asia-Pacific” region will lead the global Electric Blankets market during the forecast period 2022 to 2030.

The key factors driving the market [Growth Factors].

The key players operating in the Electric Blankets market are Jarden Corporation, Caiyang, Morphy Richards Ltd., Shanghai Shenda Co. Ltd., Snugnights UK LLP, Beurer GmbH, Shijiazhuang Mengjie Industry Co. Ltd., Slumberdown, Silentnight Group Ltd.

The global Electric Blankets market is expanding growth with a CAGR of approximately 7% during the forecast period (2022 to 2030).

The global Electric Blankets market size was valued at USD 400 million in 2021 and it is projected to reach around USD 680 million by 2030.

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