Market Overview:
The global smart electric blanket market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient and comfortable heating solutions, growing awareness about the health benefits of using electric blankets, and rising adoption of smart home technologies. The global smart electric blanket market can be segmented on the basis of type into underblankets and overblankets. The underblanket segment is expected to account for a larger share of the market than the overblanket segment during the forecast period. This can be attributed to their lower price point and higher adoption in residential applications. On the basis of application, commercial applications are expected to account for a larger share of the global smart electric blanket market than home applications duringthe forecast period.
Product Definition:
A Smart Electric Blanket is a blanket that has been designed to be used with a smart thermostat. The blanket can be set to come on before the user gets home from work or bed so that the house is already warm or cool when they arrive.
Underblankets:
Underblankets are used for providing thermal insulation to electric blankets, heating pads, and other smart heaters. They can be made of a wide range of materials including natural fibers like cotton and wool as well as synthetic fibers such as polyester. The material type is not important; it's the function that counts.
The most common types of underblankets available in the market include microfiber (aka fiberglass), down (feather/down alternative),.
Overblankets:
Overblankets are used in electric blanket to provide extra warm covering. These products have replaceable heating elements that can be turned on and off as per requirement. Overblanket is different from normal blankets as it has control panels, which produce heat by using electricity. It’s an energy-efficient product and helps save up to 90% energy compared to conventional electric blankets, which makes it the most popular gift for cold weather during winter season across the globe.
Application Insights:
The commercial application segment accounted for the largest share of over 60.0% in 2017. The growth can be attributed to increasing adoption of electric blankets by hotels, hospitals and care homes as they are cost-effective and help in maintaining a consistent temperature throughout the night. Furthermore, these products have a long lifespan; therefore, there is an increased demand from various commercial applications such as hotels and hospitals across the globe.
The home application segment is expected to witness significant growth over the forecast period owing to rising adoption of electric blankets by consumers seeking warmth on cold nights or during sleepovers at friend¢â‚¬â„¢s houses or hostel rooms where it is too cold outside for sleeping naked.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance over the forecast period as well. This can be attributed to increasing adoption of electric heating products, high disposable income, and awareness about their benefits among consumers in this region. Moreover, presence of key companies such as Johnson & Johnson Services Inc.; Columbia River Knife & Tool; and Theraflu is also contributing toward industry growth in North America.
Asia Pacific regional market captured a revenue share of over 20% in 2017 owing to growing demand for smart electric blankets from countries such as China.
Growth Factors:
- Increasing demand for electric blankets from the hospitality sector as they offer comfort and warmth to guests
- Rising disposable income of consumers, which is resulting in an increase in the demand for luxury products such as smart electric blankets
- Growing awareness about the benefits of using electric blankets, which is helping to drive their adoption among consumers
- Rapid technological advancements that are making smart electric blankets more efficient and user-friendly
- The increasing popularity of eco-friendly products, which is benefitting the growth of the smart electric blanket market
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Electric Blanket Market Research Report
By Type
Underblankets, Overblankets
By Application
Commercial, Home
By Companies
Rainbow Group, Beurer, XIAOMI, Sunbeam Products, Caiyang Grroup, Shanghai Xiaomianyang Electric, Qingdao Qindao Electric, Slumberdown
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
185
Number of Tables & Figures
130
Customization Available
Yes, the report can be customized as per your need.
Global Smart Electric Blanket Market Report Segments:
The global Smart Electric Blanket market is segmented on the basis of:
Types
Underblankets, Overblankets
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Home
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Rainbow Group
- Beurer
- XIAOMI
- Sunbeam Products
- Caiyang Grroup
- Shanghai Xiaomianyang Electric
- Qingdao Qindao Electric
- Slumberdown
Highlights of The Smart Electric Blanket Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Underblankets
- Overblankets
- By Application:
- Commercial
- Home
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Electric Blanket Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Smart Electric Blanket is a wearable device that monitors your body's temperature and sends alerts if it falls outside of a safe range. The blanket can also be controlled using an app, allowing you to adjust the temperature as needed.
Some of the major players in the smart electric blanket market are Rainbow Group, Beurer, XIAOMI, Sunbeam Products, Caiyang Grroup, Shanghai Xiaomianyang Electric, Qingdao Qindao Electric, Slumberdown.
The smart electric blanket market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Electric Blanket Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Smart Electric Blanket Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Electric Blanket Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Smart Electric Blanket Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Smart Electric Blanket Market Size & Forecast, 2020-2028
4.5.1 Smart Electric Blanket Market Size and Y-o-Y Growth
4.5.2 Smart Electric Blanket Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Underblankets
5.2.2 Overblankets
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Home
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Electric Blanket Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Smart Electric Blanket Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Underblankets
9.6.2 Overblankets
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Home
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Underblankets
10.6.2 Overblankets
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Home
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Underblankets
11.6.2 Overblankets
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Home
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Underblankets
12.6.2 Overblankets
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Home
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Underblankets
13.6.2 Overblankets
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Home
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Smart Electric Blanket Market: Competitive Dashboard
14.2 Global Smart Electric Blanket Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Rainbow Group
14.3.2 Beurer
14.3.3 XIAOMI
14.3.4 Sunbeam Products
14.3.5 Caiyang Grroup
14.3.6 Shanghai Xiaomianyang Electric
14.3.7 Qingdao Qindao Electric
14.3.8 Slumberdown
