Press release
Electric Blankets Market Size, Share, Top Key Players, Impacting Factors, Regional Outlook And Forecast To 2033
Electric Blankets Market Size
According to The Business Research Company's, the electric blankets market size has grown strongly in recent years. It will grow from $1.16 billion in 2023 to $1.24 billion in 2024 at a compound annual growth rate (CAGR) of 6.82%. The growth in the historic period can be attributed to increased comfort and convenience, increased affordability and accessibility, increased consumer lifestyle changes.
The electric blankets market size is expected to see strong growth in the next few years. It will grow to $1.56 billion in 2028 at a compound annual growth rate (CAGR) of 5.87%. The growth in the forecast period can be attributed to increasing health consciousness, aging population, increasing consumer demand for luxury and comfort in hotels and resorts, increasing customization and personalization. Major trends in the forecast period include integration of advanced safety features, growing popularity of heated mattress pads, expansion of product offerings with customizable heat settings, adoption of smart technology for remote control, integration of therapeutic features, collaboration with home automation systems, adoption of sustainable manufacturing practices.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/electric-blankets-global-market-report
Market Drivers and Trends:
The increasing consumer demand for luxury and comfort in hotels and resorts is expected to propel the growth of the electric blankets market going forward. A hotel is an establishment that offers short-term accommodation to guests, typically on a nightly basis. Travelers are seeking high-end amenities, personalized services, and premium experiences during their stays, this trend reflects a shift in consumer preferences towards indulgence, relaxation, and exclusivity in their accommodation choices. Electric blankets, with their ability to provide customizable warmth and comfort, align well with these objectives. For instance, in Jan 2023, according to the American Hotel & Lodging Association, a US-based national organization, hotel demand improved by 11.1% from 2021 to 2022. Furthermore, the hotel industry is projected to achieve 1.3 billion occupied room nights in 2023 which indicates a significant increasing consumer demand for hotel accommodations. Therefore, the increasing consumer demand for luxury and comfort in hotels and resorts is driving the growth of the electric blankets market.
Major companies operating in the electric blankets market are developing innovative products such as smart electric blanket to advance the product offering and comfort. A smart electric blanket is an advanced version of a traditional electric blanket that allows users to remotely control its temperature. For instance, in October 2023, Xiaomi Corporation, a China-based consumer electronics company, launched mijia smart electric blanket, that offers temperature regulation, overheat protection, and a 12-hour automatic shutdown feature. The blanket is available in different sizes, including Cal King, 170150cm, 15080cm, and 180*170cm. The blanket features a soft and breathable fine fabric material that is convenient to wash. It also includes fast heating, anti-mites, and anti-moisture feature, which keeps it clean and safe. The blanket has nine heating settings and can swiftly eradicate bacteria and dehumidify, resulting in a comfortable and healthful experience.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=14092&type=smp
Major Key Players of the Market:
Medline Industries Inc., Hudson's Bay Company, Pendleton Woolen Mills, Beurer GmbH, Dimplex North America Limited, Morphy Richards Ltd., Silentnight Group Ltd., Boll & Branch, Sunbeam Products Inc., Faribault Woolen Mill, Jarden Corporation, Perfect Fit Industries LLC, Biddeford Blankets LLC, Shanghai Easun Group, Amritsar Swadeshi Textile Corporation Pvt. Ltd., URBANARA GmbH, Chellco Industries Limited, Youngman Woollen Mills Private Limited, Barker Textiles UAB, Kanata Blanket Co., Bokuk Electronics Co. Ltd., Qingdao Qindao Electric Appliance Co. Ltd., Tenacta Group S.P.A., Heatrae Sadia
Electric Blankets Market 2024 Key Insights:
• The electric blankets market is expected to grow to $1.56 billion in 2028 at a compound annual growth rate (CAGR) of 5.87%.
• Electric Blankets Market Surges with Rising Demand for Luxury in Hotels
• Revolutionizing Comfort With Electric Blanket Industry's Tech Innovations
• North America was the largest region in the electric blankets market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=14092&type=smp"
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Electric Blankets Market Size, Share, Top Key Players, Impacting Factors, Regional Outlook And Forecast To 2033 here
News-ID: 3681743 • Views: …
More Releases from The Business Research Company
Major Growth Driver Identified in 2025 Biopsy Devices Market: Rising Cancer Inci …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Biopsy Devices Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The biopsy devices market has experienced robust growth in the past few years. It is projected to increase from $3.03 billion in 2024 to $3.24 billion in 2025, with a compound annual growth rate (CAGR)…
Increasing Prevalence Of Osteoarthritis In 3D Printed Medical Devices Market Eme …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the 3D Printed Medical Devices Market Through 2025?
The market size for 3D printed medical devices has seen explosive growth recently. The market is predicted to expand from its value of $3.32 billion in 2024 to reach $4.1 billion in 2025, showcasing a…
Transcranial Magnetic Stimulator Market Growth Accelerates: Strategic Forecast P …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Transcranial Magnetic Stimulator Industry Market Size Be by 2025?
The market for transcranial magnetic stimulators has seen substantial growth in the past few years. The market is projected to expand from $1.29 billion in 2024 to $1.39 billion in 2025, with a compound annual growth rate…
Surge In Gastrointestinal Surgery Procedures Fuels Growth In The Surgical Stapli …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Surgical Stapling Devices Market Size By 2025?
The market for surgical stapling devices has expanded significantly in recent years, with projections showing it growing from $4.16 billion in 2024 to $4.51 billion in 2025, a compound annual growth rate (CAGR) of 8.5%. The historical growth…
More Releases for Electric
Electrical Isolators Market 2023: Mitsubishi Electric, Orient Electric, Schneide …
The Electrical Isolators Market size (volume and value) and industry chain structure published by The Insight Partners through its high quality database which is a valuable source of guidance and direction for companies and individual interested in the industry.
An electrical isolator is a material in which electric current does not flow freely. The atoms of the insulator have tightly bound electrons which cannot readily move. Other materials, semiconductors and conductors…
Electric Motors for Electric Vehicle Market by Manufacturers: Hitachi Automotive …
Electric Motors for Electric Vehicle Market research report analyzes and studies the Electric Motors for Electric Vehicle Market's production, value, financial status, and capacity. It also provides information about market share and development plans during the projected period. Moreover, the Electric Motors for Electric Vehicle Market research report provides data about key manufacturers and focuses on the market competition landscape by analyzing the market by application, product type, and region.
Click…
Thermal Overload Relay Market 2021 Precise Outlook - ABB, Schneider Electric, Ea …
Global Thermal Overload Relay Market Size, Status and Forecast 2021
The Global Thermal Overload Relay Market report offers in-depth information and comprehensive analysis of the market. It provides a complete overview of the market with detailed insights on key aspects including the current market situation, potential size, volume, and dynamics of the market. This research report makes a thorough assessment of the COVID-19 pandemic and its impact on the current market…
Global Electric Motors for Electric Vehicles Market 2025 | MAHLE GmbH, Protean E …
Researchmoz added Most up-to-date research on "Global Electric Motors for Electric Vehicles Market Insights, Forecast to 2025" to its huge collection of research reports.
This report presents the worldwide Electric Motors for Electric Vehicles market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities…
Yokogawa Electric, General Electric Profiled in Smart Factory Solutions Market 2 …
Global Smart Factory Solutions Market which focuses on effective strategies of the business framework. It highlights the recent market trends stringent energy regulations and growing pressure to conform to energy efficiency. The research methods and tools used to analyze the studies are both primary and secondary research.
This market research report on analyzes the growth prospects for the key vendors operating in this market space including Siemens, ABB, Honeywell International, Yokogawa…
Global Quartz Heat Lamps Market 2017 : Indu Electric Gerber, Schneider Electric, …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Quartz Heat Lamps market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in…
