Electric Blankets Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0192743
  • Format: Electronic (PDF)
  • Number of Pages: 176
  • Author(s): Joshi, Madhavi

Report Overview

The Electric Blankets Market size was estimated at USD 1.2 billion in 2023 and is projected to reach USD 2.8 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 12.00% during the forecast period (2024-2030).

Electric Blankets Market

(Market Size)
$1.2 billion
$2.8 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 12.00%
2023 Market Size USD 1.2 billion
2030 Market Size USD 2.8 billion
Key Players Sunbeam, Biddeford, Beautyrest, Serta, Soft Heat

Market Summary

The electric blankets market represents a dynamic segment within the consumer goods industry, catering primarily to residential consumers seeking enhanced comfort and energy-efficient heating solutions. These products, which include overblankets, underblankets, and throws, integrate advanced heating elements and are increasingly incorporating smart technology for remote control and temperature customization via smartphone applications. The market is characterized by a steady demand driven by the need for personal heating solutions that reduce overall household heating costs. Manufacturers are continuously innovating to improve safety features, such as automatic shut-off mechanisms and low-voltage designs, addressing longstanding consumer concerns. The competitive landscape is populated by both established brands and new entrants, all vying for market share through product differentiation, material advancements like microfleece and sherpa, and strategic marketing. Distribution channels have expanded significantly beyond traditional brick-and-mortar retail to encompass robust e-commerce platforms, which now play a pivotal role in market accessibility and consumer reach. The market's evolution is closely tied to technological integration and shifting consumer lifestyles that prioritize convenience and customizable home environments.

Key Highlights

The electric blankets market is distinguished by several key developments that underscore its growth trajectory and innovation pace. A primary highlight is the integration of Internet of Things (IoT) technology, enabling products to connect with home automation systems for seamless operation and energy management. This smart functionality allows users to schedule heating times and monitor usage through dedicated apps, aligning with broader smart home trends. Another significant highlight is the emphasis on material innovation, with leading brands utilizing hypoallergenic, ultra-soft, and machine-washable fabrics that enhance user comfort and product longevity. Safety remains a paramount focus, with recent advancements including dual-control systems for shared bedding, overheat protection sensors, and certifications from international safety standards organizations. The market has also seen a surge in demand for energy-efficient models that consume minimal electricity, appealing to cost-conscious and environmentally aware consumers. Furthermore, strategic collaborations between electric blanket manufacturers and wellness brands have emerged, promoting products as aids for therapeutic heat therapy and improved sleep quality. These highlights collectively reflect a market that is responsive to consumer needs and technological possibilities.

Drivers, Opportunities & Restraints

The growth of the electric blankets market is propelled by several key drivers, including rising consumer inclination towards energy-efficient heating solutions that offer cost savings on utility bills during colder months. Increasing awareness of product safety and advancements in safety technologies have also bolstered consumer confidence and adoption rates. The expanding elderly population, which often requires supplemental heating for comfort and circulation, further sustains demand. Opportunities within this market are abundant, particularly in the development of smart, connected blankets that integrate with broader home IoT ecosystems, offering new revenue streams and product differentiation. Emerging markets in Asia-Pacific and Latin America present significant growth potential due to improving disposable incomes and colder climatic conditions in certain regions. There is also an opportunity to capitalize on the wellness trend by marketing electric blankets as therapeutic devices for muscle relaxation and improved sleep. However, the market faces restraints such as consumer safety concerns regarding electrical malfunctions or fire hazards, which can deter adoption despite technological improvements. Seasonal demand fluctuations pose challenges for inventory management and year-round revenue stability. Additionally, the availability of alternative heating solutions like space heaters and heated clothing items creates competitive pressure that can impact market growth.

Concentration Insights

The electric blankets market exhibits a moderate level of concentration, with a mix of well-established multinational corporations and specialized regional players dominating the landscape. Key industry participants include Beurer GmbH, Biddeford Blankets LLC, Sunbeam Products, Inc., Silentnight Group Ltd., and Slumberdown Company. These companies leverage strong brand recognition, extensive distribution networks, and continuous investment in research and development to maintain their competitive positions. The market concentration is influenced by high barriers to entry related to safety certifications, technological expertise required for product innovation, and the need for robust supply chain management. Larger players often engage in strategic mergers and acquisitions to expand their product portfolios and geographic reach, while smaller companies focus on niche segments such as luxury materials or specialized therapeutic applications. Regional concentration varies, with North America and Europe hosting several leading brands, while the Asia-Pacific region is characterized by a higher number of local manufacturers catering to domestic demand. The competitive dynamics are further shaped by pricing strategies, with premium brands competing on features and quality and economy brands focusing on affordability.

Type Insights

Electric blankets are primarily categorized into overblankets, underblankets, and electric throws, each serving distinct consumer preferences and use cases. Overblankets are designed to be placed on top of the user and are commonly used for added warmth while lounging or sleeping; they often feature plush materials and multiple heat settings for customizable comfort. Underblankets, also known as electric mattress pads, are placed directly on the mattress beneath the bottom sheet, providing warmth from below and frequently including dual controls for different sides of the bed. Electric throws are smaller, versatile products intended for use on couches or chairs, emphasizing portability and aesthetic appeal with a variety of colors and patterns. Within these categories, product differentiation is increasingly driven by technological integration, such as Bluetooth connectivity for app-based control, automated shut-off timers, and zones of variable heating to accommodate individual preferences. Material choices range from traditional polyester and acrylic to premium fabrics like microfleece, sherpa, and cotton blends, impacting both the product's feel and its durability. The type insights reveal a market that offers diverse options to meet specific consumer needs, from basic heating to luxury and smart home compatibility.

Application Insights

Electric blankets find application across various consumer segments, primarily in residential settings where they are used for bed warming, personal comfort during sedentary activities, and therapeutic purposes. The residential segment is the largest application area, driven by the desire for energy-efficient space heating that targets individual comfort rather than entire rooms, thus reducing heating costs. Within this segment, products are marketed for use in bedrooms, living rooms, and home offices, with features tailored to each environment, such as longer cords for living room use or low-electromagnetic field designs for health-conscious users. There is a growing application in the healthcare and wellness sector, where electric blankets are recommended for alleviating muscle stiffness, improving circulation, and aiding relaxation, often in conjunction with physiotherapy or chronic pain management. Additionally, hospitality applications are emerging, with hotels and resorts incorporating electric blankets into their guest amenities to enhance comfort during colder seasons. The versatility of electric blankets also extends to outdoor activities such as camping, where low-voltage models powered by portable batteries are gaining popularity. These application insights highlight the product's adaptability to diverse lifestyles and needs.

Regional Insights

The demand for electric blankets displays distinct regional patterns influenced by climatic conditions, economic development, and consumer lifestyles. In North America, particularly in the United States and Canada, the market is well-established, with high adoption rates in regions experiencing harsh winters; consumers here prioritize advanced features and brand reliability. Europe represents another significant market, with countries like the United Kingdom, Germany, and Scandinavia showing strong demand due to cold climates and high awareness of energy efficiency. The Asia-Pacific region is identified as a high-growth area, driven by increasing disposable incomes in countries such as China, India, and Japan, where colder regions are witnessing rising product penetration. Urbanization and the expansion of e-commerce in Asia-Pacific facilitate greater access to these products. Latin America and the Middle East & Africa exhibit nascent but growing markets, with demand concentrated in urban areas and among higher-income segments; however, these regions face challenges related to consumer awareness and purchasing power. Regional insights underscore the importance of tailored marketing strategies and product offerings that address specific climatic and economic conditions.

Company Insights

The competitive landscape of the electric blankets market includes several key players that have shaped industry trends through innovation and strategic initiatives. Beurer GmbH, a Germany-based company, is renowned for its healthcare-oriented products, including electric blankets with medical-grade safety features and therapeutic benefits. Biddeford Blankets LLC, a prominent player in the United States, emphasizes user-friendly designs and a wide range of products from economy to premium segments. Sunbeam Products, Inc., another major U.S. manufacturer, leverages its extensive retail partnerships and brand heritage to maintain a strong market presence, often introducing innovations in safety and comfort. Silentnight Group Ltd. and Slumberdown Company, both based in the UK, focus on the European market with products that combine heating technology with high-quality bedding materials. Other notable companies include Rainbow Group, which caters to diverse consumer preferences, and Shijiazhuang Mengjie Industry Co., Ltd., which plays a significant role in manufacturing for the global market. These companies invest heavily in research and development to enhance product safety, efficiency, and smart features, while also engaging in competitive pricing and marketing strategies to capture consumer interest.

Recent Developments

The electric blankets market has witnessed notable recent developments that reflect ongoing innovation and strategic shifts among industry participants. A significant trend is the launch of smart electric blankets compatible with voice assistants like Amazon Alexa and Google Assistant, allowing for hands-free operation and integration into smart home ecosystems. Companies are also introducing products with advanced safety certifications, such as ETL and CE markings, to appeal to safety-conscious consumers and comply with stringent regulatory standards. There has been an increase in collaborations between electric blanket manufacturers and technology firms to develop apps that provide usage analytics and personalized heating schedules. On the material front, recent product lines feature sustainable fabrics made from recycled materials, responding to growing environmental concerns. Additionally, key players have expanded their distribution strategies, enhancing their online presence through partnerships with major e-commerce platforms and improving direct-to-consumer sales channels. These developments indicate a market that is rapidly evolving to incorporate technological advancements and meet changing consumer expectations for convenience, safety, and sustainability.

Report Segmentation

This market research report on the electric blankets industry provides a detailed analysis segmented by type, application, and region to offer comprehensive insights into market dynamics. The type segmentation includes overblankets, underblankets, and electric throws, each analyzed for their market share, growth potential, and consumer adoption trends. Application segmentation covers residential, commercial, and healthcare uses, highlighting the dominant sectors and emerging opportunities within each. Regional segmentation delves into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, examining regional market sizes, growth rates, and key influencing factors such as climate and economic conditions. The report also includes a competitive landscape section that profiles major companies, their market strategies, product portfolios, and recent developments. Additional segments analyze distribution channels, including offline retail stores and online platforms, to understand sales trends and consumer purchasing behaviors. This structured segmentation enables stakeholders to identify niche markets, assess regional opportunities, and make informed decisions based on granular data across different product categories and geographic areas.

FAQs

What are the safety features to look for in an electric blanket?

Modern electric blankets incorporate multiple safety features including automatic shut-off timers that turn the blanket off after a certain period, overheat protection sensors that prevent excessive temperatures, and low-voltage designs that reduce risks. Look for products certified by recognized safety standards organizations.

How do electric blankets impact electricity consumption?

Electric blankets are generally energy-efficient as they direct heat personally to the user, allowing for lower overall home thermostat settings. Their consumption is minimal compared to space heaters, with most models using between 50 to 200 watts depending on the heat setting.

Can electric blankets be used all night?

Many electric blankets are designed for all-night use and feature safety mechanisms like automatic shut-off. However, it is advised to use lower heat settings and follow manufacturer guidelines to ensure safe overnight operation.

Are there electric blankets suitable for individuals with allergies?

Yes, several brands offer hypoallergenic electric blankets made from materials that resist dust mites and other allergens. These are often constructed with synthetic fibers that are less likely to trigger allergic reactions.

What is the average lifespan of an electric blanket?

The average lifespan typically ranges from 5 to 10 years, depending on usage frequency and care. Proper maintenance, such as following washing instructions and storing correctly during off-seasons, can extend durability.

Which regions have the highest demand for electric blankets?

Regions with cold climates such as North America, Northern Europe, and parts of Asia-Pacific like northern China and Japan exhibit the highest demand. Seasonal sales peaks in these areas drive significant market activity.

Citius Research has developed a research report titled “Electric Blankets Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Electric Blankets Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Electric Blankets Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Electric Blankets Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Electric Blankets Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Electric Blankets Market
• Research Methodology
• Executive Summary
• Market Dynamics of Electric Blankets Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Electric Blankets Market
• Cost and Gross Margin Analysis of Electric Blankets Market
• Electric Blankets Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Electric Blankets Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Electric Blankets Market Key Stakeholders

Below are the key stakeholders for the Electric Blankets Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Electric Blankets Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Electric Blankets Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Electric Blankets Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Electric Blankets Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Electric Blankets Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Electric Blankets Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Electric Blankets Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Electric Blankets Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Electric Blankets Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Electric Blankets Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Electric Blankets Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Electric Blankets Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Electric Blankets Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Electric Blankets Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Electric Blankets Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Electric Blankets Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Electric Blankets Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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