Home Ceiling Fan Market Size, Share, Growth Report 2030

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.

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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.

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

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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.

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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.

Global Home Ceiling Fan Market: Report Scope:

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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