Smart Blanket/Bedding Market Size (2023-2030)

The Global Smart Blanket/Bedding Market is estimated to be worth USD 3.19 Billion in 2022 and is projected to reach a value of USD 5.32 Billion by 2030, growing at a CAGR of 6.6% during the forecast period 2023-2030.

With consumers' increasing demand for convenient and comfortable sleeping options, the market for smart blankets and bedding has lately expanded. Customers' demand for more individualized and improved sleeping experiences has led to the development of a broad variety of products, including smart mattresses, pillows, blankets, and other bedding accessories. The innovative technologies used by these goods to control humidity, track sleeping patterns, and adjust temperature include sensors, heating systems, and smart fabrics. Customers are attracted to smart blankets and bedding because of how simple voice commands or smartphone apps make it to operate them. Users will benefit from a more comfortable and personalized slumber due to these cutting-edge features. As people seek cozy and useful sleeping options, the market for smart bedding and blankets is expanding quickly. Smart mattresses dominate the market and there are many various product categories available. Online retail distribution platforms are most commonly used in North America. Due to the fierce competition in the market, several major players invest a lot of money in R&D to both introduce new products and improve those that are already available. 

Global Smart Blanket/Bedding Market Drivers:

The Increasing Prevalence of Sleep Disorders is fueling the demand for these beddings.

Insomnia, sleep apnea, and restless legs syndrome are some of the sleep disorders with rising incidence. One of the major factors influencing the global market for smart blankets and bedding is these circumstances. The World Sleep Society estimates that over 45% of people globally suffer from a sleep disorder, and that number is likely to increase in the coming years. Sleep disorders can seriously harm a person's overall health and well-being in addition to leaving them exhausted, less productive, and more vulnerable having chronic illnesses like diabetes, obesity, and heart disease. Smart blankets and bedding are designed to reduce the symptoms of sleep disorders while also making users feel cozy and at ease while they sleep. Modern innovations like sensors, heating elements, and smart textiles are used in these products to control humidity and temperature as well as monitor sleeping patterns. As a result, the quantity and quality of your sleep will likely improve, as will your general health and well-being.

The rising Adoption of Smart Home Technologies is likely to boost the market for smart blanket bedding in the forthcoming years. 

Another significant factor propelling the global market for smart blankets and bedding is the increasing usage of smart home technologies. The convenience, energy efficiency, and cost savings offered by smart house technologies have helped them become more and more popular in recent years. Through their smartphones or vocal commands, users can operate several home appliances, such as lighting, heating, and air conditioning. Users can enjoy a seamless and integrated sleep experience due to smart blankets and other bedding goods, which are a logical extension of smart house technologies. These products are practical and simple to use because they can be operated using voice commands or smartphone applications. To create a completely automated and customized sleeping environment, smart blankets and bedding products can be combined with other smart home appliances like smart thermostats and lighting systems.

Global Smart Blanket/Bedding Market Challenges:

The high price of these products is one of the major issues currently affecting the global market for smart blankets and bedding. Sensors, heating systems, and other advanced technologies can greatly raise the cost of production when used in smart blankets and other bedding products. These goods are frequently given at exorbitant costs, making some customers unable to afford them. The market's potential for development may be limited by the high cost of smart blanket/bedding products, particularly in developing countries where the average income is lower. Customers might be hesitant to spend more money on a product if they believe it to be a vanity object rather than a necessity. Manufacturers must concentrate on lowering the cost of producing smart blankets and bedding products without sacrificing quality if they are to surmount this obstacle. Companies can also provide payment plans or financing choices to make these products more accessible to customers. Finally, increasing consumer demand and closing the price gap may be accomplished by spreading the word about the advantages of smart blanket/bedding goods and their long-term cost savings.

Global Smart Blanket/Bedding Market Opportunities:

The rising adoption of e-commerce channels presents a significant market opportunity for the global smart blanket/bedding market. Online retail platforms such as Amazon, Alibaba, and JD.com offer a convenient and accessible way for consumers to purchase smart blanket/bedding products, especially in regions where brick-and-mortar stores are limited. 

COVID-19 Impact on Global Smart Blanket/Bedding Market:

The COVID-19 pandemic has increased awareness of the importance of maintaining health and wellness, including the role sleep plays in overall well-being. A growing demand exists for bedding and smart blanket products that can improve relaxation and slumber quality. However, the COVID-19 pandemic has also hindered global supply networks, delaying production and driving up costs. Additionally, because of the economic downturn and dwindling consumer purchasing power, there is less demand for luxury items like bedding and smart blankets.

Global Smart Blanket/Bedding Market Recent Developments:

In September 2022, Glen Dimplex Australia opened a new Flame division factory and warehouse facility in Cavan, north of Adelaide, South Australia. The new site replaces their previous home of 30 years in Dry Creek.

SMART BLANKET/BEDDING MARKET REPORT COVERAGE:

Global Smart Blanket/Bedding Market Segmentation: By Distribution Channel

• Online

• Offline

By distribution method, the market for smart blankets and bedding can be divided into online and offline channels. Due to the rising popularity of e-commerce platforms, the online distribution channel has been steadily growing its market share in recent years. Customers have a convenient and accessible way to buy smart blankets/bedding goods from anywhere in the world due to online marketplaces like Amazon, Alibaba, and JD.com. Additionally, compared to physical stores, online marketplaces give a wider variety of goods at frequently lower prices. A sizeable market share is also held by the offline distribution route, which consists of specialty shops and retail stores. These distribution channels give customers the chance to handle and feel products in person before making a purchase, which can be a crucial deciding element.

Global Smart Blanket/Bedding Market Segmentation: By End-User

• Commercial

• Residential

Commercial and residential end users can be used to segment the worldwide market for smart blankets and bedding. Due to the growing recognition of the significance of good sleep and overall health, the residential segment currently retains the majority of the market share. Consumers seeking a personalized and comfortable sleep experience are increasingly turning to smart blankets and other bedding goods. The demand for these goods in residential settings has also been accelerated by the growing adoption of smart home technologies. In the commercial sector, smart blankets and bedding goods are used in hotels, hospitals, and other institutions to give visitors and patients a comfortable and individualized experience.  

Global Smart Blanket/Bedding Market Segmentation: By Region

• North America

• Europe

• Asia Pacific

• Middle East and Africa

• South America

North America, Europe, Asia Pacific, the Middle East, and Latin America are the regions into which the worldwide market for smart blankets and bedding can be divided. The majority of the market share is held by North America and Europe, with the adoption of smart home technologies rising along with knowledge of the value of sleep and overall health. Additionally, the existence of significant market participants in these areas and the high level of consumer disposable income support the market's expansion. Due to the region's expanding population, increasing disposable income, and rising desire for individualized and comfortable sleep experiences, the Asia Pacific is predicted to grow at the fastest rate. Due to the lower adoption of smart house technologies and the scarcity of smart blankets and bedding, the Middle East and Latin America have a smaller market share. However, as people become more conscious of the value of sleep and as smart home technologies become more widely used, the market's potential in these areas is growing. 

Global Smart Blanket/Bedding Market Key Players:

1. Argos Limited

2. Bearer GmbH

3. Biddeford

4. CDB Goldair Pty Limited

5. Glen Dimplex Group

6. Paramount Bed Co.

7. Stryker Corporation

8. The BodiTrak

9. Hill Rom Holdings Inc.

10. Invacare Corporation