Global Electric Blankets Market to Reach US$1.7 Billion by 2030

The global market for Electric Blankets estimated at US$1.2 Billion in the year 2023, is expected to reach US$1.7 Billion by 2030, growing at a CAGR of 5.9% over the analysis period 2023-2030. Over Blankets, one of the segments analyzed in the report, is expected to record a 5.7% CAGR and reach US$810.1 Million by the end of the analysis period. Growth in the Under Blankets segment is estimated at 6.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$309.1 Million While China is Forecast to Grow at 8.9% CAGR

The Electric Blankets market in the U.S. is estimated at US$309.1 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$401.1 Million by the year 2030 trailing a CAGR of 8.9% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.1% and 5.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.

Global Electric Blankets Market - Key Trends and Drivers Summarized

What Are Electric Blankets?

Electric blankets, a popular comfort device for cold climates, are designed to be used as bed coverings that contain integrated electrical heating wires. These blankets offer adjustable warmth settings, allowing users to maintain a comfortable temperature throughout the night without the need for central heating. The modern electric blanket has evolved with features such as programmable timers and dual controls for different heating zones, accommodating the distinct warmth preferences of multiple users simultaneously. Safety advancements have also been significant, with many newer models including automatic shut-off capabilities to prevent overheating and associated hazards.

How Do Electric Blankets Enhance Comfort and Well-being?

Electric blankets contribute significantly to comfort and well-being, especially in colder regions. By providing direct warmth, these blankets can help alleviate muscle pain and stiffness by increasing blood flow to sore areas of the body, making them a favored choice for therapeutic reasons as well. They are also energy efficient; rather than heating an entire home during the night, users can simply heat their bed, leading to considerable savings on energy bills. For those with allergies, electric blankets can reduce the humidity in the bedding, decreasing the prevalence of mites and mold.

What Trends Are Influencing the Electric Blanket Market?

The market for electric blankets is influenced by several trends that drive consumer interest and product innovation. Health and wellness trends emphasize the benefits of maintaining a warm and consistent sleeping environment, and as consumers become more health-conscious, the demand for products that enhance sleep quality continues to grow. Technological advancements have also introduced smarter, safer, and more energy-efficient electric blankets, integrating them with home automation systems and smartphone apps for enhanced user convenience and control. Additionally, aesthetic improvements have made these blankets more appealing to a style-conscious market, offering a variety of colors and textures to fit different bedroom decors.

What Drives the Growth of the Electric Blanket Market?

The growth in the electric blanket market is driven by several factors. There`s a growing recognition of the health benefits associated with maintaining a warm sleeping environment, which has spurred demand among older adults and those with medical conditions that benefit from heat therapy. The increasing cost of heating homes has also made electric blankets an attractive alternative for energy conservation and cost savings, especially in regions with harsh winters. Technological innovations that enhance safety features and integrate with smart home systems have broadened their appeal among tech-savvy consumers. Additionally, marketing strategies that emphasize the comfort, convenience, and energy efficiency of electric blankets have helped expand their market presence. Together, these drivers ensure that the electric blanket remains a staple in households seeking comfort, warmth, and efficiency in their sleeping environments.