Global Heated Bedding Market 2018-2022
About Heated Bedding
Heated bedding products enable the generation of heat through electric current and provide comfort to the user.
Technavio’s analysts forecast the global heated bedding market to grow at a CAGR of 4.12% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global heated bedding market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Heated Bedding Market 2018-2022
Technavio recognizes the following companies as the key players in the global heated bedding market: Microlife, Newell Brands, Shangtex Holding, Sleep Number, and Tenacta Group.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is portable heated bedding products. Portable blankets and throws are gaining traction as the major vendors are constantly focusing on portable heated bedding products. Portable heated bedding products offer several advantages such as they can be easily transported during vacations or to camping sites.”
According to the report, one driver in the market is product premiumization. The high degree of product premiumization has significantly contributed to the increase in demand for heated bedding products across the world. The consumer mainly focuses on safety, quality, coziness, durability, and reliability while investing in heated bedding products.
Further, the report states that one challenge in the market is ease of substitution. The volume sales of hated bedding products are affected by the easy availability of the substitutes in the market. Despite multiple benefits associated with the heated bedding products, the increased sales of substitutes negatively impact the growth of the market in focus.
Microlife, Newell Brands, Shangtex Holding, Sleep Number, and Tenacta Group.
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