Lucintel's latest market report analyzed that electric blanket provides attractive opportunities in the hotel, hospital, and household sectors. The electric blanket market is expected to reach $1.56 billion by 2028 with a CAGR of 6.9%. In this market, online is the largest segment by distribution channel, whereas household is largest by end use industry.
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Based on distribution channel, the electric blanket market is segmented into offline and online. The online segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the rising number of online purchases and tech-savvy consumers and continuous expansion of customer base as e-retailers provide high-quality products to support the market.
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The Electric Blanket Market is marked by the presence of several big and small players. Some of the prominent players offering electric blanket include Jarden, Shanghai Shenda, Morphy Richards, Snugnights UK, and Beurer.
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