Global Electric Blankets Market Size is estimated to expand rapidly in coming years, at a CAGR of 7.4 % from 2018 to 2027. In 2017, the global market valuation was USD 0.7 billion, and it is anticipated to be greater than USD xx.xx billion by 2027. The market is driven by the growing incorporation of technological advances into goods and equipment of customer convenience. The advent of waterproof, stain proof, battery-powered, lightweight and portable charging solutions has expanded the use of these products. The main users of electric blankets are customers in countries with long, cold winters and pain-related illnesses.
In countries that are long and harsh winters, electric blankets are comparatively cheaper than heaters. Companies focused on developing thick-floor-lined well-isolated plates, which provide sufficient natural insulation and warmth. They also introduce washable and portable products.
Global Market Growth Opportunities (Revenue, Growth) By 2018-2027
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global electric blankets market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global electric blankets market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
By End User Insights: On the basis of end user, global electric blankets market has been segmented into hotels, hospitals, and households. In 2018, the biggest share was taken by the household by the end user. The rise in the segment has been driven by the increase in the disposable income of consumers and the increase in home ownership in several developing countries. In the next few years, the use of electric sheets is expected to drive change in people's lifestyles, in particular in China and the introduction of commodity consumer products based on technology. The demand for products in different customer groups, particularly those who suffer from arthritis, muscular pain, sinus problems, fibromyalgia and painful menstruation, has been driven by affordability, comfort and benefits.
By Distribution Channel Insights: On the basis of distribution channel, global electric blankets market has been segmented into offline, online. In 2018, the offline segment was the largest share of revenues. The fact that goods are shown physically and product features are tested has propelled the growth of offline sales and distribution channels. In the US, buyers, most of wholesales, follow up from grocery, department and specialty stores; have shown a preference for offline transactions. Retail transactions, on the other hand, are the most attractive in Asian countries, as they are easily available.
The electric blankets market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.
North America, with high CAGR from 2018 to 2027, is about to show the fastest growth in the forecast period. Because of weather conditions in the region, Europe has experienced steady demand growth for several versatile heating items. Consumers are also happy to spare no cost in the harsh winters remaining warm and comfortable.
The largest market in 2018 was Asia Pacific. Increasing use of and widely available electric sheets in China can be due to the dominance of the industry. As they are easily available, China's quantities are relatively affordable, and are also sold at department stores and garage sales, at about 30 million units per year.
Global Electric Blankets Market Size, Share Analysis by Region 2020
Global Electric Blankets Market Study Objective
1. To forecast the market size of electric blankets market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of electric blankets market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate significant factors that will have a major impact on the growth of electric blankets market, such as drivers, restraints, challenges, and opportunities.
4. The regional analysis of electric blankets market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
5. Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
6. To provide detailed analysis of competitive and strategic developments in the electric blankets market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
Jarden Corporation, Shanghai Shenda Co. Ltd., Morphy Richards Ltd., Snugnights UK LLP, Beurer GmbH, Caiyang, Slumberdown, Shijiazhuang Mengjie Industry Co. Ltd., and Silentnight Group Ltd. are some of the key players in the market of electric blankets. In terms of safety, product manufacturers have been forced to concentrate more on safety and more innovative heating products to meet consumer needs. There is a remarkable trend in the market in increased investment in research and research to address these issues.
Global Electric Blankets Market Study Report Offer You!
The global electric blankets market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
The report provides insights on the following pointers:
1. Market Development: Provides extensive information about emerging markets and analyzes the markets for the Global green hydrogen fuel Market
2. Market Penetration: Offers detailed information provided by the key players in the Global green hydrogen fuel Market
3. Competitive Assessment & Intelligence: Offers an exhaustive assessment of strategies, products, market shares and manufacturing capabilities of the leading players in the Global green hydrogen fuel Market
4. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the Global green hydrogen fuel Market
5. Market Diversification: Offers detailed information about recent developments, emerging geographies, new products launch, and investments in the Global green hydrogen fuel Market
Electric Blankets Market Report Highlights
1.What is the global green hydrogen fuel market's competitive position?
2. What is the size of the green hydrogen fuel market globally?
3. What are the key factors driving the growth in the global green hydrogen fuel market during the forecast period?
4. What are the opportunities in the global green hydrogen fuel market?
5. Which are the main product fields to be invested in over the projected period in the global green hydrogen fuel market?
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