Home Ceiling Fan Market - Global Industry Analysis
Home Ceiling Fan Market By Product Type (Standard and Decorative), Fan Size (Small, Medium, and Large), By Distribution Channel (Stores, Online, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028
The global home ceiling fan market accounted for USD 5,968.7 Million in 2020 and is expected to reach USD 8,330.6 Million by 2028, growing at a CAGR of 4.5% from 2021 to 2028.
Description
Global Home Ceiling Fan Market Overview
The global home ceiling fan market accounted for USD 5,968.7 Million in 2020 and is expected to reach USD 8,330.6 Million by 2028, growing at a CAGR of 4.5% from 2021 to 2028.
The Ceiling fans are consists of motor, when current passes through it creates a magnetic field which exerts a force clockwise. Ceiling fan works as the blades rotate in reverse counter clockwise direction which produces breeze or wind chills to cool down skin. Ceiling fans are used to circulate air in enclosed surroundings thereby creating a cooling effect. Ceiling fans are consists of motor when current passes through it creates a magnetic field which exerts a force clockwise.
The ceiling fan can be found in almost in every house as its affordable to every class of the society. It consumes less power as compared to air conditioner and does not require regular maintains. Increase in household or personal income has created a demand for fancy type of fans. Developing countries like India, China are largest market of ceiling fan around the globe. Rapid urbanization has let to increase in sale of ceiling fans.
COVID-19 Impact Analysis
The global home ceiling fan market has witnessed an increase in the sales for short term to the lockdown enforcement placed by governments in order to contain COVID spreading. People had no option but to remain indoor, so the use of ceiling had increase drastically. Thaw the manufacturing was hampered during early lockdown phase but was later allowed due to its growing demand and need. The restrictions imposed by various nations to contain COVID had stopped the production resulting in a disruption across the whole supply chain. However, the world markets are slowly opening to their full potential and theirs a surge in demand of home ceiling fan. The market would remain bullish in upcoming year.
Growth Factors
Rapid urbanization has led to increase in house hold spending. Jousting sector has led to increase in demand of many things and ceiling fan is one of them. Developing countries like India, China etc. have boosted the sale of ceiling fans. Governments are providing loan at low interest rates so more people can have their own houses which directly leads in sale of ceiling fans.
Premium quality fans are being produced in order to lure all class of society. As the income level has increased people tend to spend more on luxury items. Rural electrification is being done at an unprecedented rate which has increased sale of many things, ceiling fan being one of them. Home décor fans are being preferred as people tend to spend more on modern hand fancy items. These fans come with different variants such as high speed fan, energy saving fan etc. and the sale of decorative fans increased drastically.
Report Scope:
| Report Attribute | Details |
|---|---|
| Base Year | 2020 |
| Historic Years | 2016 - 2020 |
| Forecast Years | 2021 - 2028 |
| Segments Covered | By Product Type, By Application, and By End Use |
| Forecast Units | Value (USD Billion), and Volume (Units) |
| Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
| Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
| Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
| Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
| Customization Scope | Avail customized purchase options to meet your exact research needs. |
Product Type Segment Analysis Preview
Standard fan has the largest market share and it is attributed to growth in medial class spending. Standard fans are not very expensive and can be afforded by one easily. Developing nation had a major role in increasing the sale of standard home ceiling fan.
Decorative fans is also attractive and looks good and is preferred by many as it makes their home appear beautiful and people tend to spend more for their family. High speed fans are capable of doing more round per minute then normal our standard and decorative ceiling fans. High speed fans consumer more energy but it cools the surroundings faster.
Distribution Channel Segment Analysis Preview
Distribution of the manufactured fans happens mostly by two means offline or online. Online type home ceiling fan segment held a share of around 31.48% in 2020. In the retail sector offline ceiling fan market is still very prominent and has good customer base with itself. Online sales is also have good share as people do not want to go search of product they just can order it from their house and wait for it to arrive
Fan size Segment Analysis Preview
The residential segment uses mostly medium size fans. The increase in personal income and the government’s efforts to let homes be affordable to as much as possible people has boosted the housing sector and the sale of home ceiling fan market. Residential home ceiling fan segment has the largest market share compared to other.
Regional Analysis Preview
The Asia Pacific region held a share of about 51.67% in 2020. This is attributable to the presence of top companies such Emerson Electric Co, Hunter Fan, Crompton Greaves and among others. Moreover, the increasing usages of home ceiling fan are expected to generate huge demand for the market in this region. China is world’s largest manufacturer and the consumer of home ceiling fan owing it to the large population and the raw material available.
The North American region is projected to grow at a CAGR of 3.5% over the forecast period. This surge is due to the increasing in sale of decorative and high speed fans in this region. This region also has some of the largest market players in this sector. North American is a high income nation so it has the will to spend on luxury items.
Key Market Players & Competitive Landscape
Some of key players in home ceiling fan market are Emerson Electric Co, Hunter Fan, Crompton Greaves, Shell Electric MFG Co. Ltd, NuTone, bajaj, Craftmade Fans, Monte Carlo Fans, Quorum Fans, Kicher Fans etc. among others.
The Global Home Ceiling Fan Market is segmented as follows:
By Product Type
- Standard
- Decorative
By Fan Size
- Small
- Medium
- Large
By Distribution Channel
- Stores
- Online
- Others
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table Of Content
- Chapter No. 1 Introduction
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. USP & Key Offerings
- 1.2. Key Benefits for Stakehulders
- 1.3. Target Audience
- 1.4. Report Scope
- 1.1. Report Description
- Chapter No. 2 Executive Summary
- 2.1. Key Findings
- 2.1.1. Top Investment Pockets
- 2.1.1.1. Market Attractiveness Analysis, By Product Type
- 2.1.1.2. Market Attractiveness Analysis, By Fan Size
- 2.1.1.3. Market Attractiveness Analysis, By Distribution Channel
- 2.1.1.4. Market Attractiveness Analysis, By Region
- 2.1.1. Top Investment Pockets
- 2.2. Market Snapshot
- 2.3. Global Home Ceiling Fan Market, 2016 – 2028 (USD Million)
- 2.4. Insights from Primary Respondents
- 2.1. Key Findings
- Chapter No. 3 COVID 19 Impact Analysis
- 3.1. Impact Assessment of COVID-19 Pandemic, By Region
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. The Middle-East and Africa
- 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
- 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
- 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
- 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
- 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
- 3.6. Short Term Dynamics
- 3.7. Long Term Dynamics
- 3.1. Impact Assessment of COVID-19 Pandemic, By Region
- Chapter No. 4 Home Ceiling Fan Market – Product Type Segment Analysis
- 4.1. Overview
- 4.1.1. Market Revenue Share, By Product Type, 2020 & 2028
- 4.2. Standard
- 4.2.1. Market Size and Forecast, By Region (USD Million)
- 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
- 4.2.3. Key Market Trends, Growth Factors, & Opportunities
- 4.3. Decorative
- 4.3.1. Market Size and Forecast, By Region (USD Million)
- 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
- 4.3.3. Key Market Trends, Growth Factors, & Opportunities
- 4.4. High Speed
- 4.4.1. Market Size and Forecast, By Region (USD Million)
- 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
- 4.4.3. Key Market Trends, Growth Factors, & Opportunities
- 4.5. others
- 4.5.1. Market Size and Forecast, By Region (USD Million)
- 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
- 4.5.3. Key Market Trends, Growth Factors, & Opportunities
- 4.1. Overview
- Chapter No. 5 Home Ceiling Fan Market – Fan Size Segment Analysis
- 5.1. Overview
- 5.1.1. Market Revenue Share, By Fan Size, 2020 & 2028
- 5.2. Small
- 5.2.1. Market Size and Forecast, By Region (USD Million)
- 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
- 5.2.3. Key Market Trends, Growth Factors, & Opportunities
- 5.3. Medium
- 5.3.1. Market Size and Forecast, By Region (USD Million)
- 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
- 5.3.3. Key Market Trends, Growth Factors, & Opportunities
- 5.4. Large
- 5.4.1. Market Size and Forecast, By Region (USD Million)
- 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
- 5.4.3. Key Market Trends, Growth Factors, & Opportunities
- 5.1. Overview
- Chapter No. 6 Home Ceiling Fan Market – Distribution Channel Segment Analysis
- 6.1. Overview
- 6.1.1. Market Revenue Share, By Distribution Channel, 2020 & 2028
- 6.2. Stores
- 6.2.1. Market Size and Forecast, By Region (USD Million)
- 6.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
- 6.2.3. Key Market Trends, Growth Factors, & Opportunities
- 6.3. Online
- 6.3.1. Market Size and Forecast, By Region (USD Million)
- 6.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
- 6.3.3. Key Market Trends, Growth Factors, & Opportunities
- 6.4. Others
- 6.4.1. Market Size and Forecast, By Region (USD Million)
- 6.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
- 6.4.3. Key Market Trends, Growth Factors, & Opportunities
- 6.1. Overview
- Chapter No. 7 Home Ceiling Fan Market – Regional Analysis
- 7.1. Overview
- 7.1.1. Global Market Revenue Share, By Region, 2020 & 2028
- 7.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Million)
- 7.2. North America
- 7.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Million)
- 7.2.2. North America Market Revenue, By Product Type, 2016 – 2028
- 7.2.3. North America Market Revenue, By Fan Size, 2016 – 2028
- 7.2.4. North America Market Revenue, By Distribution Channel, 2016 – 2028
- 7.2.5. U.S.
- 7.2.5.1. U.S. Market Revenue, By Product Type, 2016 – 2028
- 7.2.5.2. U.S. Market Revenue, By Fan Size, 2016 – 2028
- 7.2.5.3. U.S. Market Revenue, By Distribution Channel, 2016 – 2028
- 7.2.6. Canada
- 7.2.6.1. Canada Market Revenue, By Product Type, 2016 – 2028
- 7.2.6.2. Canada Market Revenue, By Fan Size, 2016 – 2028
- 7.2.6.3. Canada Market Revenue, By Distribution Channel, 2016 – 2028
- 7.2.7. Mexico
- 7.2.7.1. Mexico Market Revenue, By Product Type, 2016 – 2028
- 7.2.7.2. Mexico Market Revenue, By Fan Size, 2016 – 2028
- 7.2.7.3. Mexico Market Revenue, By Distribution Channel, 2016 – 2028
- 7.3. Europe
- 7.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Million)
- 7.3.2. Europe Market Revenue, By Product Type, 2016 – 2028
- 7.3.3. Europe Market Revenue, By Fan Size, 2016 – 2028
- 7.3.4. Europe Market Revenue, By Distribution Channel, 2016 – 2028
- 7.3.5. Germany
- 7.3.5.1. Germany Market Revenue, By Product Type, 2016 – 2028
- 7.3.5.2. Germany Market Revenue, By Fan Size, 2016 – 2028
- 7.3.5.3. Germany Market Revenue, By Distribution Channel, 2016 – 2028
- 7.3.6. France
- 7.3.6.1. France Market Revenue, By Product Type, 2016 – 2028
- 7.3.6.2. France Market Revenue, By Fan Size, 2016 – 2028
- 7.3.6.3. France Market Revenue, By Distribution Channel, 2016 – 2028
- 7.3.7. U.K.
- 7.3.7.1. U.K. Market Revenue, By Product Type, 2016 – 2028
- 7.3.7.2. U.K. Market Revenue, By Fan Size, 2016 – 2028
- 7.3.7.3. U.K. Market Revenue, By Distribution Channel, 2016 – 2028
- 7.3.8. Italy
- 7.3.8.1. Italy Market Revenue, By Product Type, 2016 – 2028
- 7.3.8.2. Italy Market Revenue, By Fan Size, 2016 – 2028
- 7.3.8.3. Italy Market Revenue, By Distribution Channel, 2016 – 2028
- 7.3.9. Spain
- 7.3.9.1. Spain Market Revenue, By Product Type, 2016 – 2028
- 7.3.9.2. Spain Market Revenue, By Fan Size, 2016 – 2028
- 7.3.9.3. Spain Market Revenue, By Distribution Channel, 2016 – 2028
- 7.3.10. Rest of Europe
- 7.3.10.1. Rest of Europe Market Revenue, By Product Type, 2016 – 2028
- 7.3.10.2. Rest of Europe Market Revenue, By Fan Size, 2016 – 2028
- 7.3.10.3. Rest of Europe Market Revenue, By Distribution Channel, 2016 – 2028
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Million)
- 7.4.2. Asia Pacific Market Revenue, By Product Type, 2016 – 2028
- 7.4.3. Asia Pacific Market Revenue, By Fan Size, 2016 – 2028
- 7.4.4. Asia Pacific Market Revenue, By Distribution Channel, 2016 – 2028
- 7.4.5. China
- 7.4.5.1. China Market Revenue, By Product Type, 2016 – 2028
- 7.4.5.2. China Market Revenue, By Fan Size, 2016 – 2028
- 7.4.5.3. China Market Revenue, By Distribution Channel, 2016 – 2028
- 7.4.6. Japan
- 7.4.6.1. Japan Market Revenue, By Product Type, 2016 – 2028
- 7.4.6.2. Japan Market Revenue, By Fan Size, 2016 – 2028
- 7.4.6.3. Japan Market Revenue, By Distribution Channel, 2016 – 2028
- 7.4.7. India
- 7.4.7.1. India Market Revenue, By Product Type, 2016 – 2028
- 7.4.7.2. India Market Revenue, By Fan Size, 2016 – 2028
- 7.4.7.3. India Market Revenue, By Distribution Channel, 2016 – 2028
- 7.4.8. South Korea
- 7.4.8.1. South Korea Market Revenue, By Product Type, 2016 – 2028
- 7.4.8.2. South Korea Market Revenue, By Fan Size, 2016 – 2028
- 7.4.8.3. South Korea Market Revenue, By Distribution Channel, 2016 – 2028
- 7.4.9. South-East Asia
- 7.4.9.1. South-East Asia Market Revenue, By Product Type, 2016 – 2028
- 7.4.9.2. South-East Asia Market Revenue, By Fan Size, 2016 – 2028
- 7.4.9.3. South-East Asia Market Revenue, By Distribution Channel, 2016 – 2028
- 7.4.10. Rest of Asia Pacific
- 7.4.10.1. Rest of Asia Pacific Market Revenue, By Product Type, 2016 – 2028
- 7.4.10.2. Rest of Asia Pacific Market Revenue, By Fan Size, 2016 – 2028
- 7.4.10.3. Rest of Asia Pacific Market Revenue, By Distribution Channel, 2016 – 2028
- 7.5. Latin America
- 7.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Million)
- 7.5.2. Latin America Market Revenue, By Product Type, 2016 – 2028
- 7.5.3. Latin America Market Revenue, By Fan Size, 2016 – 2028
- 7.5.4. Latin America Market Revenue, By Distribution Channel, 2016 – 2028
- 7.5.5. Brazil
- 7.5.5.1. Brazil Market Revenue, By Product Type, 2016 – 2028
- 7.5.5.2. Brazil Market Revenue, By Fan Size, 2016 – 2028
- 7.5.5.3. Brazil Market Revenue, By Distribution Channel, 2016 – 2028
- 7.5.6. Argentina
- 7.5.6.1. Argentina Market Revenue, By Product Type, 2016 – 2028
- 7.5.6.2. Argentina Market Revenue, By Fan Size, 2016 – 2028
- 7.5.6.3. Argentina Market Revenue, By Distribution Channel, 2016 – 2028
- 7.5.7. Rest of Latin America
- 7.5.7.1. Rest of Latin America Market Revenue, By Product Type, 2016 – 2028
- 7.5.7.2. Rest of Latin America Market Revenue, By Fan Size, 2016 – 2028
- 7.5.7.3. Rest of Latin America Market Revenue, By Distribution Channel, 2016 – 2028
- 7.6. The Middle-East and Africa
- 7.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Million)
- 7.6.2. The Middle-East and Africa Market Revenue, By Product Type, 2016 – 2028
- 7.6.3. The Middle-East and Africa Market Revenue, By Fan Size, 2016 – 2028
- 7.6.4. The Middle-East and Africa Market Revenue, By Distribution Channel, 2016 – 2028
- 7.6.5. GCC Countries
- 7.6.5.1. GCC Countries Market Revenue, By Product Type, 2016 – 2028
- 7.6.5.2. GCC Countries Market Revenue, By Fan Size, 2016 – 2028
- 7.6.5.3. GCC Countries Market Revenue, By Distribution Channel, 2016 – 2028
- 7.6.6. South Africa
- 7.6.6.1. South Africa Market Revenue, By Product Type, 2016 – 2028
- 7.6.6.2. South Africa Market Revenue, By Fan Size, 2016 – 2028
- 7.6.6.3. South Africa Market Revenue, By Distribution Channel, 2016 – 2028
- 7.6.7. Rest of Middle-East Africa
- 7.6.7.1. Rest of Middle-East Africa Market Revenue, By Product Type, 2016 – 2028
- 7.6.7.2. Rest of Middle-East Africa Market Revenue, By Fan Size, 2016 – 2028
- 7.6.7.3. Rest of Middle-East Africa Market Revenue, By Distribution Channel, 2016 – 2028
- 7.1. Overview
- Chapter No. 8 Home Ceiling Fan Market – Industry Analysis
- 8.1. Introduction
- 8.2. Market Drivers
- 8.2.1. Driving Factor 1 Analysis
- 8.2.2. Driving Factor 2 Analysis
- 8.3. Market Restraints
- 8.3.1. Restraining Factor Analysis
- 8.4. Market Opportunities
- 8.4.1. Market Opportunity Analysis
- 8.5. Porter’s Five Forces Analysis
- 8.6. PEST Analysis
- 8.7. Regulatory Landscape
- 8.8. Technology Landscape
- 8.9. Regional Market Trends
- 8.9.1. North America
- 8.9.2. Europe
- 8.9.3. Asia Pacific
- 8.9.4. Latin America
- 8.9.5. The Middle-East and Africa
- 8.10. Pricing Analysis
- 8.11. Value Chain Analysis
- 8.12. Downstream Buyers
- 8.13. Distributors/Traders List
- Chapter No. 9 Competitive Landscape
- 9.1. Company Market Share Analysis – 2019
- 9.1.1. Global Home Ceiling Fan Market: Company Market Share, 2019
- 9.1.2. Global Home Ceiling Fan Market, Company Market Revenue, 2016 – 2019 (USD Million)
- 9.1.3. Global Home Ceiling Fan Market, Company Y-o-Y Growth, 2017 – 2019 (%)
- 9.1.4. Global Home Ceiling Fan Market: Radar Determinant Chart, 2019
- 9.2. Strategic Developments
- 9.2.1. Acquisitions & Mergers
- 9.2.2. New Product Launch
- 9.2.3. Regional Expansion
- 9.3. Company Strategic Developments – Heat Map Analysis
- 9.1. Company Market Share Analysis – 2019
- Chapter No. 10 Company Profiles
- 10.1. Emerson Electric Co
- 10.1.1. Company Overview
- 10.1.2. Key Executives
- 10.1.3. Product Portfolio
- 10.1.4. Financial Overview
- 10.1.5. Operating Business Segments
- 10.1.6. Business Performance
- 10.1.7. Recent Developments
- 10.2. Hunter Fan
- 10.3. Crompton Greaves
- 10.4. Shell Electric MFG Co Ltd
- 10.5. NuTone
- 10.6. bajaj
- 10.7. Craftmade Fans
- 10.8. Monte Carlo Fans
- 10.9. Quorum Fans
- 10.10. Kicher Fans
- 10.1. Emerson Electric Co
- Chapter No. 11 Marketing Strategy Analysis
- 11.1. Marketing Channel
- 11.2. Direct Marketing
- 11.3. Indirect Marketing
- 11.4. Marketing Channel Development Trends
- 11.5. Economic/Pulitical Environmental Change
- Chapter No. 12 Research Methodology
- 12.1. Research Methodology
- 12.2. Phase I - Secondary Research
- 12.3. Phase II - Data Modeling
- 12.3.1. Company Share Analysis Model
- 12.3.2. Revenue Based Modeling
- 12.4. Phase III - Primary Research
- 12.5. Research Limitations
- 12.5.1. Assumptions
Table Of Figures
List of Figures
FIG NO. 1. Market Attractiveness Analysis, By Product Type
FIG NO. 2. Market Attractiveness Analysis, By Fan Size
FIG NO. 3. Market Attractiveness Analysis, By Distribution Channel
FIG NO. 4. Market Attractiveness Analysis, By Region
FIG NO. 5. Global Home Ceiling Fan Market Revenue, 2016 – 2028 (USD Million)
FIG NO. 6. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 7. Market Revenue Share, By Product Type, 2020 & 2028
FIG NO. 8. Global Home Ceiling Fan Market for Standard, Revenue (USD Million) 2016 – 2028
FIG NO. 9. Comparative Revenue Analysis of Home Ceiling Fan Market for Standard, By Country, 2020 & 2028
FIG NO. 10. Global Home Ceiling Fan Market for Decorative, Revenue (USD Million) 2016 – 2028
FIG NO. 11. Comparative Revenue Analysis of Home Ceiling Fan Market for Decorative, By Country, 2020 & 2028
FIG NO. 12. Global Home Ceiling Fan Market for High Speed, Revenue (USD Million) 2016 – 2028
FIG NO. 13. Comparative Revenue Analysis of Home Ceiling Fan Market for High Speed, By Country, 2020 & 2028
FIG NO. 14. Global Home Ceiling Fan Market for others, Revenue (USD Million) 2016 – 2028
FIG NO. 15. Comparative Revenue Analysis of Home Ceiling Fan Market for others, By Country, 2020 & 2028
FIG NO. 16. Market Revenue Share, By Fan Size, 2020 & 2028
FIG NO. 17. Global Home Ceiling Fan Market for Small, Revenue (USD Million) 2016 – 2028
FIG NO. 18. Comparative Revenue Analysis of Home Ceiling Fan Market for Small, By Country, 2020 & 2028
FIG NO. 19. Global Home Ceiling Fan Market for Medium, Revenue (USD Million) 2016 – 2028
FIG NO. 20. Comparative Revenue Analysis of Home Ceiling Fan Market for Medium, By Country, 2020 & 2028
FIG NO. 21. Global Home Ceiling Fan Market for Large, Revenue (USD Million) 2016 – 2028
FIG NO. 22. Comparative Revenue Analysis of Home Ceiling Fan Market for Large, By Country, 2020 & 2028
FIG NO. 23. Market Revenue Share, By Distribution Channel, 2020 & 2028
FIG NO. 24. Global Home Ceiling Fan Market for Stores, Revenue (USD Million) 2016 – 2028
FIG NO. 25. Comparative Revenue Analysis of Home Ceiling Fan Market for Stores, By Country, 2020 & 2028
FIG NO. 26. Global Home Ceiling Fan Market for Online, Revenue (USD Million) 2016 – 2028
FIG NO. 27. Comparative Revenue Analysis of Home Ceiling Fan Market for Online, By Country, 2020 & 2028
FIG NO. 28. Global Home Ceiling Fan Market for Others, Revenue (USD Million) 2016 – 2028
FIG NO. 29. Comparative Revenue Analysis of Home Ceiling Fan Market for Others, By Country, 2020 & 2028
FIG NO. 30. Global Home Ceiling Fan Market Revenue Share, By Region, 2020 & 2028
FIG NO. 31. North America Home Ceiling Fan Market Revenue, 2016 - 2028 (USD Million)
FIG NO. 32. Porter’s Five Forces Analysis for Global Home Ceiling Fan Market
FIG NO. 33. PEST Analysis for Global Home Ceiling Fan Market
FIG NO. 34. Pricing Analysis for Global Home Ceiling Fan Market
FIG NO. 35. Value Chain Analysis for Global Home Ceiling Fan Market
FIG NO. 36. Company Share Analysis, 2019
FIG NO. 37. Radar Determinant Chart, 2019
FIG NO. 38. Company Strategic Developments – Heat Map Analysis
FIG NO. 39. Emerson Electric Co Business Segment Revenue Share, 2020 (%)
FIG NO. 40. Emerson Electric Co Geographical Segment Revenue Share, 2020 (%)
FIG NO. 41. Market Channels
FIG NO. 42. Marketing Channel Development Trend
FIG NO. 43. Growth in World Gross Product, 2008-2018
FIG NO. 44. Research Methodology – Detailed View
FIG NO. 45. Research Methodology
Table Of Tables
List of Tables
TABLE NO. 1. Global Home Ceiling Fan Market: Snapshot
TABLE NO. 2. Quarterly Home Ceiling Fan Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Home Ceiling Fan Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
TABLE NO. 6. Global Home Ceiling Fan Market for Standard, by Region, 2016 – 2028 (USD Million)
TABLE NO. 7. Global Home Ceiling Fan Market for Decorative, by Region, 2016 – 2028 (USD Million)
TABLE NO. 8. Global Home Ceiling Fan Market for High Speed, by Region, 2016 – 2028 (USD Million)
TABLE NO. 9. Global Home Ceiling Fan Market for others, by Region, 2016 – 2028 (USD Million)
TABLE NO. 10. Global Home Ceiling Fan Market for Small, by Region, 2016 – 2028 (USD Million)
TABLE NO. 11. Global Home Ceiling Fan Market for Medium, by Region, 2016 – 2028 (USD Million)
TABLE NO. 12. Global Home Ceiling Fan Market for Large, by Region, 2016 – 2028 (USD Million)
TABLE NO. 13. Global Home Ceiling Fan Market for Stores, by Region, 2016 – 2028 (USD Million)
TABLE NO. 14. Global Home Ceiling Fan Market for Online, by Region, 2016 – 2028 (USD Million)
TABLE NO. 15. Global Home Ceiling Fan Market for Others, by Region, 2016 – 2028 (USD Million)
TABLE NO. 16. Global Home Ceiling Fan Market Revenue, By Region, 2016 – 2028 (USD Million)
TABLE NO. 17. North America Home Ceiling Fan Market Revenue, By Country, 2016 – 2028 (USD Million)
TABLE NO. 18. North America Home Ceiling Fan Market Revenue, By Product Type, 2016 – 2028 (USD Million)
TABLE NO. 19. North America Home Ceiling Fan Market Revenue, By Fan Size, 2016 – 2028 (USD Million)
TABLE NO. 20. North America Home Ceiling Fan Market Revenue, By Distribution Channel, 2016 – 2028 (USD Million)
TABLE NO. 21. U.S. Home Ceiling Fan Market Revenue, By Product Type, 2016 – 2028 (USD Million)
TABLE NO. 22. U.S. Home Ceiling Fan Market Revenue, By Fan Size, 2016 – 2028 (USD Million)
TABLE NO. 23. U.S. Home Ceiling Fan Market Revenue, By Distribution Channel, 2016 – 2028 (USD Million)
TABLE NO. 24. Canada Home Ceiling Fan Market Revenue, By Product Type, 2016 – 2028 (USD Million)
TABLE NO. 25. Canada Home Ceiling Fan Market Revenue, By Fan Size, 2016 – 2028 (USD Million)
TABLE NO. 26. Canada Home Ceiling Fan Market Revenue, By Distribution Channel, 2016 – 2028 (USD Million)
TABLE NO. 27. Mexico Home Ceiling Fan Market Revenue, By Product Type, 2016 – 2028 (USD Million)
TABLE NO. 28. Mexico Home Ceiling Fan Market Revenue, By Fan Size, 2016 – 2028 (USD Million)
TABLE NO. 29. Mexico Home Ceiling Fan Market Revenue, By Distribution Channel, 2016 – 2028 (USD Million)
TABLE NO. 30. Drivers for the Home Ceiling Fan Market: Impact Analysis
TABLE NO. 31. Restraints for the Home Ceiling Fan Market: Impact Analysis
TABLE NO. 32. Major Buyers of Home Ceiling Fan
TABLE NO. 33. Distributors/Traders List of Home Ceiling Fan
TABLE NO. 34. Global Home Ceiling Fan Market, Company Market Revenue, 2016 – 2019 (USD Million)
TABLE NO. 35. Global Home Ceiling Fan Market, Company Y-o-Y Growth, 2017 – 2019 (USD Million)
Methodology
This report is based on in-depth qualitative and quantitative analyses of the U.S. Home Ceiling Fan market. Zion Research has collected and analyzed key data belong to the U.S. Home Ceiling Fan market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of U.S. Home Ceiling Fan across the world has been calculated through primary and secondary research.
Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the U.S. Home Ceiling Fan industry. Primary research makes up the major source of data collection and validation.
Primary Research
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
- Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
- Helps in validating and strengthening the secondary research findings
- Further, develops the analysis team’s expertise and market understanding
- Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies
Participants who typically participate in such a process include, but are not limited to:
- Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
- Purchasing managers, technical personnel, distributors and resellers
- Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary Research
Secondary research sources that are typically referred to include, but are not limited to:
- Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
- IDC and other relevant magazines
- Internal and external proprietary databases, and relevant patent and regulatory databases
- National government documents, statistical databases and market reports
News articles, press releases and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the U.S. Home Ceiling Fan market.
Models
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
- Demographic data: Population split by segments
- Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
- Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
- Data is then cross-checked by an expert panel.
Free Analysis
Ceiling fans are one of the best-selling varieties of the fan in the U.S. Ceiling fans utilize hub-mounted rotating paddles in order to produce a cooling effect as a result of air circulation. The circulation of air creates a cooling effect that makes a person feel cooler. Usually, ceiling fans range from 24 inches to 60 inches in diameter. Fan manufacturers usually compare fan size with room area. Ceiling fan plays important role in reducing the load on air conditioning systems. The assembling method of ceiling fan varies with different models or types of the ceiling fan.
Ceiling fans are comparatively inexpensive and several homeowners find their installation an easy DIY (do it yourself) project, especially if an electric ceiling box is already present. Home ceiling fan market is mainly driven by increasing need for saving cooling cost in the home. A ceiling fan helps to make home more energy efficient and easy installation helps to boost the demand of ceiling fan across U.S. In addition, low maintenance of ceiling fan is expected to support substantial growth of the market during the forecast period. Benefits of home ceiling fan such as gentle air circulation in the room drives their adoption in U.S. Some of the novel opportunities in ceiling fan market include development of energy efficient products and resurging housing sector in U.S. However, declining residential construction spending and availability of substitute may hinder the growth of home ceiling fan market in the years to come.
Decorative, energy saver, high speed, designed with light, four blade and others are the type segment of home ceiling fan market. The decorative type segment of home ceiling fan market was the fastest growing segment in 2015. It acquired the largest revenue share of the total home ceiling fan market in the same year. Decorative ceiling fan dominated the home ceiling fan market with more than 23% share of the total revenue. It is expected to continue this trend during the forecast period due to high disposable income and changing lifestyle in the region.
U.S. home ceiling fan market is highly competitive, with the presence of well-established market participants. Fanimation, Casablanca Fan Company, Hunter Fan Company, Minka Group, Home Depot, Hunter fan, and Montecarlo fans are some of the key vendors in the market.
Many players in U.S. offer variety of ceilings fan with various features and specifications. On August 2016, one of the leading manufacturers of the ceiling fan in U.S. named Hunter Fan Company officially released their highly anticipated Wi-Fi enabled, Signal ceiling fan for purchase. Such technological advancements in ceiling fan are anticipated to open new opportunities in coming years. In addition, Casablanca Fan Company has unveiled its 2016 Collection of designer ceiling fans in April 2016. These eight new designs include products named Orchid, Stingray, Perseus, Glen Arbor, Piston, Correne, Wisp and Duluth.
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FrequentlyAsked Questions
The global home ceiling fan market was valued at USD 5,968.7 Million in 2020.
The global home ceiling fan market is expected to reach USD 8,330.6 Million by 2028, growing at a CAGR of 4.5% between 2021 to 2028.
Some of the key factors driving the global home ceiling fan market growth are, fan consumes less power as compared to air conditioner and does not require regular maintains. Increase in household or personal income has created a demand for fancy type of fans.
Asia Pacific region held a substantial share of the home ceiling fan market in 2020. This is attributable to the presence of top companies such Emerson Electric Co, Hunter Fan, Crompton Greaves and among others. China is world’s largest manufacturer and the consumer of home ceiling fan owing it to the large population and the raw material available.
Some of the major companies operating in home ceiling fan market are are Emerson Electric Co, Hunter Fan, Crompton Greaves, Shell Electric MFG Co. Ltd, NuTone, bajaj, Craftmade Fans, Monte Carlo Fans, Quorum Fans, Kicher Fans etc. among others.
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