Electric Blankets Market Overview
Maximize Market Research a global business consulting firm has published a report on the Electric Blankets Market. The report covers of the Electric Blankets Markets major key drivers and restraints. It helps detecting the drivers that are steering the market growth and discovering ways to use these drivers as strengths. Opportunities are created by external components like changes in the market and new consumer trends. This will guide to understand the elements that will influence your potential to take advantage of your opportunities.
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Market Scope
The reports gives the readers in-depth analysis of the Electric Blankets market with help of tabular data and graphical representation. It focuses on the major and minor components of the market and also the key competitors in the industry and their growth strategies. The report deals with the market trends and provides the regional analysis of potential investment opportunities for existing and new market entrants. It covers in depth analysis of different segments of the = market. Methods like SWOT, PESTLE and PORTER’s five forces were undertaken to understand to the strength and weakness of the Electric Blankets market.
Market Dynamics:
Unique Features of Different Electric Blankets: An electric blanket keeps the user warm and comfortable when the heat provided by a home heating system is insufficient while reducing overall home heating costs. In addition to consuming less energy, electric blankets offer a number of advantages. Additionally, producers are pursuing cutting-edge features like waterproof blankets, battery-operated blankets with mobile charging ports, and blankets that are lightweight, strong, machine-washable, and water resistant. The use of electric blankets is made more hygienic and user-friendly by additional benefits like machine washable and stain resistant blankets. Such qualities appeal to a large number of people.
Market Segmentation :
The market for electric blankets has been segmented into offline and online channels based on the distribution channel. The offline market accounted for just over 66.41% of total revenue in 2021. Due to the physical presentation of goods and the opportunity to assess product characteristics, offline sales and distribution techniques have become more and more popular. The majority of purchases made by Americans are made offline, from mass merchants, followed by retail, department, and specialty stores.
Mass merchants account for the majority of offline purchases made by American customers, with retail, department, and specialty stores coming in second and third, respectively. It is anticipated that 75 million American households, or 61 percent, will have electric blankets. In order to reduce the risk of fire hazards, the team looking into electric blankets has suggested changing the Underwriters Laboratory (UL) regulations, according to Tamara Young, a CPSC expert in public information. The materials used to make electric blankets, such as acrylic and polyester, have higher melting points than cotton. However, due to their widespread accessibility, retail sales are more common in Asian nations.
Final user, Households made up more than 47.1% of the total in 2021. The segment has grown as a result of consumers' rising disposable income and a boom in homeownership in some emerging countries. In the first half of 2021, employee compensation was the main factor causing income gaps between the lowest and highest income quintiles. Employee wages increased 5.1 percent in the first quarter and 8.7 percent in the second for families in the lowest income quintile compared to the highest income quintile over the same time periods.
In the coming years, it is anticipated that improved lifestyles, particularly in China, and the introduction of practical consumer technology products will encourage the use of electric blankets. Across all consumer age groups, product demand has been driven by affordability, comfort, and benefits, particularly among those who experience conditions like fibromyalgia, arthritis, painful menstruation, and muscular aches.
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Key Players
• Argos
• Lakeland
• Dreamland
• Morphy Richards
• Beurer
• Silentnight
• Slumberdown
• Sunbeam
• Lakeland
• Sleepwell
• Biddeford Blankets
• Rainbow Group
• Caiyang
• Shanghai Xiaomianyang Electric
• Qingdao Qindao Electric
• Perfect Fit Industries, LLC.
• Tenacta Group S.p.A.
• Bokuk Electronics CO.
• Morphy Richards
• CDB Goldair
• Glen Dimplex
• MAXSA Innovations
• Odessey Products
• Krien Health Care
Regional Analysis
The report on the Electric Blankets market growth provides a detailed regional analysis. It helps in understanding the regions which are expected to grow in forecast period. To keep ahead of the competition the regional analysis gives a better perspective and understanding of the market and target audience in a specific country or a region.
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Key Questions answered in the Electric Blankets Market Report are:
- What is Electric Blankets Market?
- What is the forecast period of the Electric Blankets Market?
- What is the competitive scenario of the Electric Blankets market?
- Which region held the largest market share in the Electric Blankets Market?
- What are the opportunities for the Electric Blankets Market?
- What factors are affecting the Electric Blankets market growth?
- Who are the key players of the Electric Blankets market?
- Which company held the largest share in the Electric Blankets market?
- What will be the CAGR of the Electric Blankets market during the forecast period?
- What key trends are likely to emerge in the Electric Blankets market in the coming years?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key
- trends
- Market Segmentation: A detailed analysis by Electric Blankets
- Landscape- Leading key players and other prominent key players.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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