Consumer & Retail

According to a market report by Lucintel, the future of the electric blanket market looks promising with opportunities in the hotel, hospital, and household sectors. The global electric blanket market is expected to reach an estimated $1.56 billion by 2028, with a CAGR of 6.9% from 2023 to 2028. The major drivers for this market are increasing need for these blankets among customers who live in extremely cold climates and experience various pain-related problems, and increasing use of these blankets as an affordable alternative to heaters.



In this market, offline and online are the two types of distribution channel in electric blanket market. Lucintel forecasts that online is expected to witness higher growth over the forecast period due to the rising number of online purchases and tech-savvy consumers and continuous expansion of customer base as e-retailers provide high-quality products to support the market.



Within this market, household is expected to remain the largest segment due to the continuously changing lifestyle of the people, increasing use of convenient consumer goods based on technology, and high demand from all age groups for these blankets.



APAC will remain the largest region due to the growing preference for electric blanket as it is affordable and is readily available at department stores and garage sales and enormous purchasing and usage of these blankets in China.

Jarden, Shanghai Shenda, Morphy Richards, Snugnights UK, and Beurer are the major suppliers in the global electric blanket market.  



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global electric blanket market by distribution channel, end use industry, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Electric Blanket Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global electric blanket market by distribution channel, end use industry, and region, as follows:

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the electric blanket market by distribution channel (offline and online), end use industry (hotels, hospitals, and households), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?