PUBLISHER: Allied Market Research | PRODUCT CODE: 1344310
PUBLISHER: Allied Market Research | PRODUCT CODE: 1344310
According to a new report published by Allied Market Research, titled, "Electric Blanket Market," The electric blanket market was valued at $496.20 million in 2022, and is estimated to reach $1.1 billion by 2032, growing at a CAGR of 8.3% from 2023 to 2032. An electric blanket is a type of blanket that contains integrated electrical heating elements. It is designed to provide warmth and comfort by generating heat when plugged into an electrical outlet. The heating elements in an electric blanket are often thin and flexible wires or carbon fibers that are evenly distributed throughout the blanket. These elements are insulated and embedded within the layers of fabric, ensuring that the heat is distributed evenly across the surface. Electric blankets can be placed on top of a regular bed sheet or used as a standalone blanket.
Electric blankets allows user to directly warm themselves without having to heat an entire room. This targeted approach reduces energy waste by avoiding the need to heat unused spaces. Zoned heating feature enables individuals to adjust the heat settings based on their personal preferences, reducing the overall energy consumption. Most electric blankets are equipped with thermostats that automatically regulate the temperature. Once the desired warmth is achieved, the blanket will maintain a consistent temperature, preventing unnecessary energy usage. Some electric blankets come with energy-saving features, such as timers or automatic shut-off functions. These features allow users to set a specific time for the blanket to turn off or automatically shut off after a certain duration. Due to these energy-saving features and benefits, electric blankets have gained popularity as a cost-effective and environmentally friendly heating option for consumers concerned about energy consumption and sustainability.
Pregnant women and individuals with certain medical conditions may be advised against using electric blankets due to potential health risks. These issues can restrict the market's potential customer base and pose challenges in terms of marketing and consumer education. Electric blankets, especially if they have faulty temperature controls or are left on for prolonged periods, can potentially cause burns or exacerbate the symptoms of these conditions. Consequently, individuals with such conditions are often advised against using electric blankets. Certain medical devices, such as pacemakers, could potentially be affected by the electromagnetic fields generated by electric blankets. Although modern electric blankets generally produce low levels of electromagnetic fields, caution is advised for individuals with medical devices, as it could interfere with their proper functioning.
Electric blankets can enhance guest comfort and satisfaction in hotels and resorts, particularly during winter seasons or in colder regions. Offering electric blankets as an additional amenity can provide guests with a cozy and warm sleeping experience, ultimately improving their overall stay. Electric blankets can also be beneficial in hospitals and nursing homes, where patients may require extra warmth due to medical conditions or recovery processes. These blankets can help regulate body temperature and provide comfort to patients, contributing to their recovery and overall satisfaction. Moreover, similar to hospitals and nursing homes, assisted living facilities cater to elderly individuals who may benefit from the use of electric blankets. These blankets can help provide warmth and alleviate any discomfort associated with colder temperatures, promoting a better quality of life for the residents.
The COVID-19 pandemic has had a significant impact on the market for electric blanket. The pandemic disrupted global supply chains, affecting the manufacturing and distribution of various products, including electric blankets. Factory closures, reduced production capacities, and transportation challenges have led to delays in the availability of certain products, potential shortages, and increased prices in some cases. Electric blanket manufacturers may have faced difficulties due to reduced workforce, social distancing requirements, and other safety measures in factories. These factors have affected production capacities and potentially resulted in delays or decreased output. The pandemic caused disruptions in global supply chains due to factory closures, transportation restrictions, and other logistical challenges. These disruptions have affected the manufacturing, distribution, and availability of electric blankets, potentially leading to supply shortages or delays.
The key players profiled in this report include: Newell Brands Inc., Jarden Corporation, Beurer, Homefront, Dreamland, Slumberdown, Mylek, Silentnight, Lakeland, and Morphy Richards Ltd. The market players are continuously striving to achieve a dominant position in this competitive market using strategies such as collaborations and acquisitions.