According to a new report, published by KBV research, The Global Electric Blanket Market size is expected to reach $1.5 billion by 2031, rising at a market growth of 6.8% CAGR during the forecast period.
The Online segment is anticipating a CAGR of 8.2% during (2024 - 2031). Online retailers typically offer a broader range of electric blankets than physical stores. Consumers have access to various brands, sizes, materials, and features, which enhances their ability to find the perfect product. Online platforms provide tools for comparing electric blankets, including reviews, ratings, and detailed product descriptions. This comparison helps consumers make informed decisions based on their preferences and needs.
The Medium segment is leading the Global Electric Blanket Market by Heat Setting in 2023; thereby, achieving a market value of $792.1 million by 2031. Medium heat settings provide a balance of warmth for various temperatures and seasons. They are effective enough to keep users warm during cooler weather without being excessively hot, making them versatile for year-round use. Medium heat settings offer a comfortable warmth that reduces the risk of overheating. This is particularly important for users who want consistent warmth without the potential discomfort or safety concerns associated with higher heat settings.
The Hotel segment is registering a CAGR of 7% during (2024 - 2031). Hotels strive to provide a comfortable and luxurious experience for their guests. Electric blankets offer a high level of warmth and coziness, enhancing the overall comfort of hotel rooms, especially in colder climates. Offering electric blankets can give hotels a competitive edge by differentiating their services. Extra amenities like electric blankets can improve guest satisfaction and encourage repeat bookings.
The Queen segment is generating the maximum revenue in the Global Electric Blanket Market by Size in 2023, thereby, achieving a market value of $658.6 million by 2031. The queen-size electric blanket appeals to a broad audience, including couples and individuals who prefer a larger blanket for personal space. This versatility makes it a popular choice for various types of consumers. Many consumers prefer queen-size electric blankets because they fit well with standard bedding sizes and offer more flexibility. This size allows for better coverage and warmth without needing to size up or down.
The Cotton segment would showcase a CAGR of 7.1% during (2024 - 2031). Consumers increasingly favor natural materials for comfort and health benefits, increasing demand for cotton electric blankets. Cotton has excellent breathability and moisture-wicking properties, which help regulate body temperature and keep users comfortable. This makes cotton electric blankets ideal for preventing overheating and maintaining a comfortable sleeping environment.
Full Report: https://www.kbvresearch.com/electric-blanket-market/
The Europe region dominated the Global Electric Blanket Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $503.7 million by 2031. The North America region is experiencing a CAGR of 6.7% during (2024 - 2031). Additionally, The Asia Pacific region would exhibit a CAGR of 7.4% during (2024 - 2031).
By Distribution Channel
By Heat Setting
By End-user
By Size
By Material
Unique Offerings 
