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Asia Pacific Electric Blankets Market Forecast to 2028 – COVID-19 Impact and Analysis – by Size (Single, Double, and Others), Type (Electric Under Blankets, Electric Over Blankets), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)

Report Code :  BMIRE00025136
No. of Pages :  86
Published Month :  Jun 2022
Category :  Consumer Goods
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The Asia Pacific electric blankets market is expected to reach US$ 364.95 million by 2028 from US$ 214.62 million in 2021. The market is estimated to grow at a CAGR of 7.9% from 2021 to 2028.

Extreme and bitter winters with low temperatures and increasing demand for heated products such as electric blankets with unique features are some of the notable drivers influencing the demand for electric blankets in frosty regions. Electric blankets are more cost-effective than room heaters and have low running costs compared to heaters. This factor has gained the popularity of electric blankets in many icy countries and is expected to continue through the forecast period. Electric blanket suppliers focus on launching new products and boosting their sales potential in icy nations. For instance, in June 2021, Aldi Australia announced the launch of new heated electric blankets which can also be used in cars.

 

The aged population is increasing across the region, and this trend is most prominent in Australia and Oceania. Aged people are sensitive to changes in weather, and extreme cold or heat can create further complications in health. An increasing focus on elderly care is expected to drive the sales of electric blankets over the next few years. Hotels and homestays in various Polar Regions with extreme cold emphasize on comfortable customer service, thereby surging the demand for electric blankets. The increased investments in infrastructure development of the hotels and other lodging services fuel the demand for electric blankets in this region.

 

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the electric blankets market growth at a good CAGR during the forecast period.

 

Asia Pacific Electric Blankets Market Revenue and Forecast to 2028 (US$ Million)


 

Asia Pacific Electric Blankets Market Segmentation         

The Asia Pacific electric blankets market is analyzed on the basis of size, type, and distribution channel. Based on size, the market is segmented into single, double, and others. Based on type, the market is segmented into electric under blankets and electric over blankets. Based on distribution channels, the market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. Geographically, the market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC.

Asia Pacific Electric Blankets Market - Companies Mentioned

Beurer GmbH; Morphy Richards; Slumberdown Company; Silentnight Group Limited; Glen Dimplex; Bedshe International Co., Ltd.; and Odessey Products are the leading companies in the Asia Pacific electric blankets market.

  1. Beurer GmbH
  2. Morphy Richards
  3. Slumberdown Company
  4. Silentnight Group Limited.
  5. Glen Dimplex
  6. Bedshe International Co., LTD
  7. Odessey Products           
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific Electric Blankets Market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific Electric Blankets Market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.