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Global Ceiling Fan Market Size, Share, Trends, Forecast: By Type: Standard Fan, Decorative Fan, High Speed Fan, Energy Saving Fan, Others; By Fan Size: Small, Medium, Large; By Distribution Channel: Offline, Online; By End Use: Residential, Commercial; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global Ceiling Fan Market Outlook
The global ceiling fan market size reached a value of almost USD 10.17 billion in the year 2023. The ceiling fan industry is further expected to grow at a CAGR of 3.0% between 2024 and 2032 to reach a value of almost USD 13.26 billion by 2032.
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The global ceiling fan market is driven by the rising infrastructural projects. China is one of the largest producers and exporters of ceiling fan globally. The market is aided by the warm weather conditions, along with the great population in the region. China is followed by India, the European Union, the United States, and Brazil.
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Market Segmentation
Ceiling fan is an electrically operated mechanical device that is hung on the ceiling of a room to circulate air. It stimulates evaporative cooling and slow movement, thereby cooling the hot air in the room efficiently. It is composed of hub-mounted rotating paddles, which move much slower as opposed to electric desk fans. It is highly preferred by consumers on account of their advantageous properties over air-conditioners like better shelf-life, low power consumption, high energy-efficiency, and cost-effectiveness.
The ceiling fan market is bifurcated on the basis of end-use into:
- Residential
- Commercial
Among all of these, the residential sector accounts for the largest share owing to ongoing construction activities over the world.
On the basis of type, the market is divided into:
- Standard Decorative
- High Speed
- Energy Saving
- Others
Amongst these, standard fan represents the most popular type of ceiling fans, holding more than half of the total global market. It is easy to use and cost-effective.
On the basis of fan size, the market is segregated into:
- Small
- Medium
- Large
Out of these, medium-sized fan represents the largest segment.
On the basis of distribution channel, the market is bifurcated into:
- Offline
- Online
Currently, offline stores are majorly preferred by the consumers.
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
The global ceiling fan market is driven by the growing housing sector, especially in the developing economies. The governments of China and India, for instance, are creating new schemes to provide shelter to the low- and middle-income groups. Moreover, development in the hospitality, commercial real estate, and retail sectors are invigorating the market growth for ceiling fan.
The market is further aided by the increasing demand for ceiling fans due to inflating income levels of the consumers and the growing availability of electricity. In addition to this, the manufacturers are launching premium products such as decorative fans, lighting fans, etc. which offer higher margins to them, thereby boosting their profitability.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global ceiling fan market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Crompton Greaves Consumer Electricals Limited
- Emerson Electric Co.
- Hunter Fan Company
- Ajanta Electricals
- Del Mar Fans & Lighting
- The Henley Fan Company Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Fan Size |
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| Breakup by Distribution Channel |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Ceiling Fan Market Analysis
8.1 Key Industry Highlights
8.2 Global Ceiling Fan Historical Market (2018-2023)
8.3 Global Ceiling Fan Market Forecast (2024-2032)
8.4 Global Ceiling Fan Market by Type
8.4.1 Standard Fan
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Decorative Fan
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 High Speed Fan
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Energy Saving Fan
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Ceiling Fan Market by Fan Size
8.5.1 Small
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Medium
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Large
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Ceiling Fan Market by Distribution Channel
8.6.1 Offline
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Online
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Ceiling Fan Market by End Use
8.7.1 Residential
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Commercial
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.8 Global Ceiling Fan Market by Region
8.8.1 North America
8.8.2 Europe
8.8.3 Asia Pacific
8.8.4 Latin America
8.8.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 Price Structure
12.2 Price Trends
13 Manufacturing Process
13.1 Detailed Process Flow
13.2 Operations Involved
14 Project Details, Requirements and Costs Involved
14.1 Land, Location, and Site Development
14.2 Construction
14.3 Plant Machinery
14.4 Cost of Raw Material
14.5 Packaging
14.6 Transportation
14.7 Utilities
14.8 Manpower
14.9 Other Capital Investment
15 Loans and Financial Assistance
16 Project Economics
16.1 Capital Cost of the Project
16.2 Techno-Economic Parameters
16.3 Product Pricing and Margins across Various Levels of the Supply Chain
16.4 Income Projections
16.5 Expenditure Projections
16.6 Taxation and Depreciation
16.7 Financial Analysis
16.8 Profit Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Crompton Greaves Consumer Electricals Limited
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Emerson Electric Co.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Hunter Fan Company
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Ajanta Electricals
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Del Mar Fans & Lighting
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 The Henley Fan Company Ltd.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Ceiling Fan Market: Key Industry Highlights, 2018 and 2032
2. Global Ceiling Fan Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Ceiling Fan Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Ceiling Fan Historical Market: Breakup by Fan Size (USD Billion), 2018-2023
5. Global Ceiling Fan Market Forecast: Breakup by Fan Size (USD Billion), 2024-2032
6. Global Ceiling Fan Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
7. Global Ceiling Fan Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
8. Global Ceiling Fan Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Ceiling Fan Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Ceiling Fan Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Ceiling Fan Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Ceiling Fan Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Ceiling Fan Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Ceiling Fan Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Ceiling Fan Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Ceiling Fan Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Ceiling Fan Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Ceiling Fan Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Ceiling Fan Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Ceiling Fan Market Structure
Key Questions Answered in the Report
In 2023, the global ceiling fan market attained a value of nearly USD 10.17 billion.
The market is projected to grow at a CAGR of 3% between 2024 and 2032.
The market is estimated to grow in the forecast period of 2024-2032 to reach about USD 13.26 billion by 2032.
The major market drivers include the increasing warm weather conditions due to rapid climate change, the surging construction activities, and the growing housing sector.
The introduction of favourable government initiatives aimed at providing shelter to the vulnerable population, the growing availability of electricity in low-income countries, and the launch of decorative ceiling fans by leading companies are the key trends guiding the market.
The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major types of ceiling fan include standard fan, decorative fan, high speed fan, and energy saving fan, among others.
Small, medium, and large are the various fan sizes considered in the market report.
The significant distribution channels of ceiling fan in the market are offline and online.
The several end uses of ceiling fan include residential and commercial.
The major players in the industry are Crompton Greaves Consumer Electricals Limited, Emerson Electric Co., Hunter Fan Company, Ajanta Electricals, Del Mar Fans & Lighting, and The Henley Fan Company Ltd., among others.
Analyst Review
The global ceiling fan market attained a value of USD 10.17 billion in 2023, driven by the growing housing sector and development of the hospitality and retail sectors. Aided by the launch of smart fans, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 3%. The ceiling fan market is projected to reach USD 13.26 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the ceiling fan industry can be segmented into standard, decorative, high speed, energy-saving, and other fans, with standard fan accounting for the largest market share. On the basis of fan size, the industry can be divided into the large, medium, and small, where medium-sized fans account for the leading share in the industry. Based on distribution channel, the offline stores account for the majority of the industry share. On the basis of end-use, the residential sector is dominating the industry. The major regional markets for ceiling fan are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Crompton Greaves Consumer Electricals Limited, Emerson Electric Co., Hunter Fan Company, Ajanta Electricals, Del Mar Fans & Lighting, and The Henley Fan Company Ltd., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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