Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1200 million | USD 1900 million | 6.5% | 2022 |
FrequentlyAsked Questions
Electric blankets are covers for beds that include insulated wires sewed into layers of cloth and a control device that can change the amount of heat produced based on the temperature outside. These blankets are often made of wool, cotton, polyester, or acrylic and include an internal wiring system that distributes heat and warmth via coil wires.
The key growth-inducing variables include the development of innovative water- and stain-resistant, battery-powered, lightweight, and mobile charging items. Microfiber fleece is also being used in product variations by producers to offer more natural insulation and warmth retention. Additional factors, such as increased consumer spending power and intensive research and development (R&D) efforts to create new elder care goods, are predicted to fuel market growth.
According to the report, the global electric blanket market size was worth around USD 1200 million in 2022 and is predicted to grow to around USD 1900 million by 2030.
The global electric blankets market is expected to grow at a CAGR of 6.5% during the forecast period.
The global electric blankets market growth is expected to be driven by Europe. It is currently the world’s highest revenue-generating market due to the growing awareness.
The global electric blankets market is dominated by players like Hudson's Bay Company, Shanghai Easun Group, Amritsar Swadeshi Textile Corporation Pvt. Ltd., American Blanket Company, Boll & Branch, URBANARA GmbH, Pendleton Woolen Mills, Medline Industries, Inc., Chellco Industries Limited, Biddeford Blankets, LLC, Youngman Woollen Mills Private Limited, Richards, Silentnight Group Limited, Barker Textiles UAB, Kanata Blanket Co. and Faribault Woolen Mill among others.
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