Global Electric Blankets Market to Reach USD 2.3 billion by 2028, By SkyQuest Technology

The rising consumer preference for opulent, comfortable, and luxury bedding products is one of the key factors driving the market growth. This preference, together with rising urbanisation globally, is one of the main market growth drivers. The elderly population, which is more vulnerable to the bitter winter cold, is another important element in the market's growth. People with various pain-related ailments, such as sinus, fibromyalgia, arthritis, and muscle issues, can also benefit from using electric blankets. Numerous product innovations, such as the development of ground-breaking battery-powered, lightweight, mobile charging, water- and stain-resistant products, are additional growth-promoting factors.
Unique Features in various electric blankets encourage growth. When a home heating system is insufficient, an electric blanket keeps the wearer warm and pleasant while also reducing total heating costs. Electric blankets provide a variety of other features in addition to utilizing less energy.

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The consumer products industry faced previously unheard-of challenges during the COVID-19 pandemic as a result of a shortage of raw materials, plant closures, a lack of workers, and other operational challenges brought on by the COVID-19 safety requirements. Closings of production facilities, difficulties procuring raw materials, and transportation constraints initially had a detrimental influence on the electric blanket market. Polyester microfiber or fleece makes up the majority of the materials used to create electric blankets. Therefore, market research and development for electric blankets were negatively impacted by the shutdown of production facilities. However, companies are advancing as governments in many countries loosen the previously imposed restrictions. A market rebound is thus projected during the following several years.
Read Market Research Report, "Global Electric Blankets Market By Distribution Channel (Online, Offline), End-User (Hotels, Hospitals and Households), and By Region -Forecast and Analysis 2022-2028" By Skyquest

The fastest rate of growth in the global electric blankets market is being seen in Europe as a result of the increasing demand for various flexible heating products brought on by the weather. Customers' desire to pay whatever it takes to be warm and comfortable during brutal winters will also support the growth of the global electric blankets market throughout the forecasted time frame. While the world's areas around Europe were much warmer than average from 1991 to 2020, particularly in April and May, Europe was cooler than typical. Over the Atlantic Ocean, parts of North Africa, the Middle East, and Russia, high temperatures were observed, with a number of locations establishing new records. In especially across northern Russia, temperatures in Europe fluctuated substantially from month to month. While the region's mean temperatures in March were up to 8°C below normal for the period from 1991 to 2020, they were up to around 6°C above average in April and May.

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Furthermore, the market for electric blankets worldwide is anticipated to be dominated by the Asia-Pacific region. In China, the market is becoming increasingly dominated as electric blankets gain popularity. China buys around 30 million pieces yearly because to their extensive availability, declining price, and availability in both department stores and yard sales. Additionally, one of the biggest exporters of electric blankets is China. The top exporters of fabrics for electric blankets in 2020 were China ($237M), Czechia ($12.6M), Indonesia ($8.94M), Vietnam ($6.96M), and Germany ($5.06M).

The homes sector accounted for the biggest market share for electric blankets in 2021. Rising consumer disposable income and an increase in home ownership in several emerging nations have contributed to the market's progress. The biggest factor contributing to the differences between the lowest and highest income quintiles during the first half of 2021 was employee remuneration. Over the same time periods, families in the lowest income quintile had a rise in employee wages of 5.1 percent in the first quarter and 8.7 percent in the second, outpacing families in the highest income quintile.

The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.

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What does this Report Deliver?
• Market Estimation for 20+ Countries
• Electric Blankets Market demand by Region, Sub-Region, and Country
• Customization on Segments, Regions, and Company Profiles
• 100+ tables, 150+ Figures
• Global, Regional and Country specific Electric Blankets Market Trends
• Comprehensive Mapping of Electric Blankets Industry Parameters
• Attractive Investment Proposition in the Global Electric Blankets Industry
• Competitive Strategies Adopted by Electric Blankets Market Key Players
• Drivers, Restraints, Opportunities, Challenges and the impact on the Electric Blankets Market Size
• Market growth rate till 2028
• Regulatory scenario, regional dynamics, and Electric Blankets Market insights of leading countries in each region
• In-depth Market insights by Region and Country
• Market Segmentation Trend Analysis, Opportunities and Growth
• Porter's five force analysis to know the market's condition
• Pricing Analysis and Electric Blankets Market Sales
• Parent market analysis
• Product portfolio benchmarking
SkyQuest has segmented the Global Electric Blankets Market based on Distribution Channel, End-User, and Region:
● Global Electric Blankets Market by Distribution Channel (Revenue, US$ Billion, 2021 - 2028)
o Online
o Offline
● Global Electric Blankets Market by End-User (Revenue, US$ Billion, 2021 - 2028)
o Hotels
o Hospitals
o Households
● Global Electric Blankets Market By Region (Revenue, US$ Billion, 2021 - 2028)
o North America
▪ US
▪ Canada
o Europe
▪ Germany
▪ France
▪ UK
▪ Italy
▪ Spain
▪ Rest of Europe
o Asia Pacific
▪ China
▪ India
▪ Japan
▪ Rest of Asia Pacific
o Central & South America
▪ Brazil
▪ Rest of CSA
o Middle East & Africa
▪ GCC Countries
▪ South Africa
▪ Rest of MEA

About Us:
SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.

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This release was published on openPR.