Heated Bedding Market size is set to grow by USD 111.39 million from 2022 to 2027

News provided by 11 Jul, 2023, 03:15 ET Share this article NEW YORK, July 11, 2023 /PRNewswire/ -- The heated bedding market size is estimated to increase by USD 111.39 million from 2022 to 2027, with

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11 Jul, 2023, 03:15 ET

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NEW YORK, July 11, 2023 /PRNewswire/ -- The heated bedding market size is estimated to increase by USD 111.39 million from 2022 to 2027, with a CAGR of 4.1%, according to a recent market study by Technavio. This report also offers a 5-year historical (2017-2021) data projection of market size, segmentation, and region. Discover some insights on market size before buying the full report -Request a sample report

Heated Bedding Market 2023-2027: Vendor Analysis and Scope

The heated bedding market report also offers information on the criticality of inputs, R&D, CAPEX, technology, and products of 15 vendors listed Below -

American National Manufacturing Inc., Bed Bath and Beyond Inc., Biddeford Blankets LLC, Brothers Bedding Mattress Factory, Delutti Inc., Electro Warmth, Living Earth Crafts, medisana GmbH, Microlife Corp., Newell Brands Inc., Serta Simmons Bedding LLC, Smiths Group Plc, Spring Air International, Tenacta Group Spa, The Surgical Co., The Vermont Country Store Inc., Thermotex Therapy Systems Ltd., and Tuck Sleep

Chart & Data Table on 5-Year Historic (2017-2021) Market Size, Comparative Analysis of Segments, and Y-O-Y Growth of Heated bedding market Download Sample Report

Heated Bedding Market – Market Segmentation

The market is segmented by product (heated blankets and throws and heated mattress pads), and distribution channel (offline and online)

Geographic Overview

The market is segmented by region (North America, Europe, APAC, South America, and the Middle East and Africa). An analysis of key leading countries has been included.

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Heated Bedding Market – Market Dynamic

Key Driver

The demand for heated bedding products has increased due to the high level of product premiumization in the heated bedding market. When purchasing such products, consumers place great importance on factors like safety, quality, durability, comfort, and reliability. The market does not tolerate inferior products, and customers are willing to pay a higher price for premium products that deliver maximum satisfaction. This results in customer satisfaction and contributes to the growth of the market. For example, Sunbeam Products (Newell Brands) offers the Feel Perfect Luxe Faux Fur Heated Throw, catering to these consumer demands. Hence, these factors are expected to drive market growth during the forecast period.

Major Trends

Consumers' preference for soft and microfiber velvet blankets is a major trend in the market. These blankets and throws are made of microfibers, which makes them soft and comfortable as a product. Furthermore, the demand for such products is extremely high in the market. Sunbeam's Oversized Faux Fur Heated Throws and Velvet Plush Heated Blankets are highly regarded for their exceptional softness and convenient pre-heating capabilities. The market is witnessing favorable growth attributed to advancements in functionality, comfort, and aesthetic appeal of these products.

Significant Challenges

The availability of substitutes is a major challenge restricting the market growth. This is due to the easy availability of substitutes in the market, which is affecting the volume of sales of heated bedding products. Room heaters, HVAC systems, and regular bedding products (such as blankets and quilts) are some of the products which are substituting heated bedding products. Hence, the availability of numerous substitutes in the market is expected to limit the market growth during the forecast period.

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Heated Bedding Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.1%

Market growth 2023-2027

USD 111.39 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

2.5

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 62%

Key countries

US, China, Japan, Germany, and the UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Product

7 Market Segmentation by Distribution Channel

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base comprises enterprises of all sizes, including over 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com

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