Household Type Fans Market Report 2023

Household Type Fans Global Market Report 2023 – By Type Of Product (Ceiling Fans, Table Fans, Pedestal Fans, Exhaust Fans, Wall Fans), By Type of Current (AC Residential Fans, DC Residential Fans), By Application (Home, Commercial), By Distribution Channel (Store based Retailing, Direct Sales, Non Store based Retailing) – Market Size, Trends, And Global Forecast 2023-2032

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A household fan is a mechanical air-circulating device suspended from a room's ceiling that is typically powered by electricity and has revolving paddles located on the hub.

The main product types of household fans are ceiling fans, table fans, pedestal fans, exhaust fans, and wall fans. A ceiling fan is a mechanical fan, usually electrically powered, suspended from a room's ceiling that circulates air via hub-mounted rotating paddles. Household fans use different types of current such as AC residential fans and DC residential fans. Fans are distributed through store-based retailing, direct sales, and non-store-based retailing distribution channels that are used for home and commercial applications.

The global household type fans market is segmented -

1) By Type Of Product: Ceiling Fans, Table Fans, Pedestal Fans, Exhaust Fans, Wall Fans

2) By Type of Current: AC Residential Fans, DC Residential Fans

3) By Application: Home, Commercial

4) By Distribution Channel: Store-based Retailing, Direct Sales, Non-Store-based Retailing

The global household type fans market size will grow from $29.24 billion in 2022 to $30.87 billion in 2023 at a compound annual growth rate (CAGR) of 5.6% . The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global household type fans market is expected to grow to $36.44 billion in 2027 at a CAGR of 4.2% .

Increased electrification especially in rural areas will contribute to the growth of the household fans market in the forecast period. Electrification coupled with the rise in disposable income has boosted the demand for household fans. According to theMacrotends report, US-based stock screener, in India, the percentage of population with access to electricity was 99.0% in 2020 with the increase of 1.69 % as compare to the previous year. The net disposable income Per capita rose to $1,836.68 during the 2019-2020 period, exhibiting a spike of 6.8% compared to the previous period, with a growth rate of 10.0%. The rise in disposable income increased the purchasing power of the people which in turn has increased the growth of the market for household fans.

Major players in the household fans market are Hunter Fan Company, Casablanca, Emerson Ceiling Fans, Minka, Monte Carlo, Craftmade, Litex, Fanimation, Kichler, Panasonic, and Crompton Greaves .

Increased tariffs on raw materials such as steel and aluminum will restrain the market for household fans in the forecast period. Steel and aluminum are predominantly used in the manufacture of components such as blades for fans. Increasing import tariffs on raw materials such as steel hindered the market for household fans. For instance, in February 2020, the USA administration decided to raise tariffs on derivative steel and aluminum imports by 25% and 10%, respectively.

Household fan manufacturers are increasingly producing energy-efficient products to reduce their carbon footprint and enable energy savings for consumers. The rise of energy-efficient appliances can be attributed to stringent government regulations on electric home appliances and advances in technology. Energy efficient fans are designed to utilize minimum energy. Currently, over 80 countries have standards and labels for energy-efficient appliances. For example, in the USA, ENERGY STAR-certified ceiling fans provide cutting-edge design, use the latest technology, and are 60% more efficient than conventional ceiling fans.

In January 2022, Griffon Corporation, a US-based multinational conglomerate, acquired Hunter Fan Company for a deal of $845 million. Through this acquisition, Griffon Corporation aims to enhance its product portfolio and strengthen its market presence. Hunter Fan Company is a US-based company operating in the residential ceiling fan industry.

Asia-Pacific was the largest region in the household fans market share in 2022 Western Europe was the second-largest region in the global household type fans market. The regions covered in the global household type fans market report analysis are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the household fans market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

The household fans market consists of sales of household electric fans including ceiling fans, table fans, pedestal fans, exhaust fans and wall fans.Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The household fans manufacturing market research report is one of a series of new reports from The Business Research Company that provides household fans manufacturing market statistics, including household fans manufacturing industry global market size, regional shares, competitors with household fans manufacturing market share, detailed household fans manufacturing market segments, market trends and opportunities, and any further data you may need to thrive in the household fans manufacturing industry. This household fans manufacturing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

    Table Of Contents

    1. Executive Summary

    2. Household Fans Market Characteristics

    3. Household Fans Market Trends And Strategies

    4. Household Fans Market – Macro Economic Scenario

    4.1 COVID-19 Impact On Household Fans Market

    4.2 Ukraine-Russia War Impact On Household Fans Market

    4.3 Impact Of High Inflation On Household Fans Market

    5. Household Fans Market Size And Growth

    5.1. Global Household Fans Historic Market, 2017-2022, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Household Fans Forecast Market, 2022-2027F, 2032F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Household Fans Market Segmentation

    6.1. Global Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Ceiling Fans

    Table Fans

    Pedestal Fans

    Exhaust Fans

    Wall Fans

    6.2. Global Household Fans Market, Segmentation By Type of Current, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    AC Residential Fans

    DC Residential Fans

    6.3. Global Household Fans Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Home

    Commercial

    6.4. Global Household Fans Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Store-based Retailing

    Direct Sales

    Non-Store-based Retailing

    7. Household Fans Market Regional And Country Analysis

    7.1. Global Household Fans Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    7.2. Global Household Fans Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    8. Asia-Pacific Household Fans Market

    8.1. Asia-Pacific Household Fans Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    9. China Household Fans Market

    9.1. China Household Fans Market Overview

    9.2. China Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

    10. India Household Fans Market

    10.1. India Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    11. Japan Household Fans Market

    11.1. Japan Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    12. Australia Household Fans Market

    12.1. Australia Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    13. Indonesia Household Fans Market

    13.1. Indonesia Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    14. South Korea Household Fans Market

    14.1. South Korea Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    15. Western Europe Household Fans Market

    15.1. Western Europe Household Fans Market Overview

    15.2. Western Europe Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    16. UK Household Fans Market

    16.1. UK Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    17. Germany Household Fans Market

    17.1. Germany Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    18. France Household Fans Market

    18.3. France Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    19. Eastern Europe Household Fans Market

    19.1. Eastern Europe Household Fans Market Overview

    19.2. Eastern Europe Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    20. Russia Household Fans Market

    20.1. Russia Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    21. North America Household Fans Market

    21.1. North America Household Fans Market Overview

    21.2. North America Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    22. USA Household Fans Market

    22.1. USA Household Fans Market Overview

    22.2. USA Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    23. South America Household Fans Market

    23.1. South America Household Fans Market Overview

    23.2. South America Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    24. Brazil Household Fans Market

    24.1. Brazil Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    25. Middle East Household Fans Market

    25.1. Middle East Household Fans Market Overview

    25.2. Middle East Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    26. Africa Household Fans Market

    26.1. Africa Household Fans Market Overview

    26.2. Africa Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    27. Household Fans Market Competitive Landscape And Company Profiles

    27.1. Household Fans Market Competitive Landscape

    27.2. Household Fans Market Company Profiles

    27.2.1. Hunter Fan Company

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. Casablanca

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Emerson Ceiling Fans

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. Minka

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Monte Carlo

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    29. Key Mergers And Acquisitions In The Household Fans Market

    29. Household Fans Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Historic And Forecast Inflation Rates

    30.4. Research Inquiries

    30.5. The Business Research Company

    30.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Table 3: Global Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 4: Global Household Fans Market, Segmentation By Type of Current, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 5: Global Household Fans Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 6: Global Household Fans Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 7: Global Household Fans Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 8: Global Household Fans Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 9: Asia-Pacific, Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 10: China, Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 11: India, Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 12: Japan, Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 13: Australia, Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 14: Indonesia, Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 15: South Korea, Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 16: Western Europe, Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 17: UK, Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 18: Germany, Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 19: France, Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 20: Eastern Europe, Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 21: Russia, Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 22: North America, Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 23: USA, Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 24: South America, Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 25: Brazil, Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 26: Middle East, Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 27: Africa, Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 28: Hunter Fan Company Financial Performance
  • Table 29: Casablanca Financial Performance
  • Table 30: Emerson Ceiling Fans Financial Performance
  • Table 31: Minka Financial Performance
  • Table 32: Monte Carlo Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Figure 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Figure 3: Global Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 4: Global Household Fans Market, Segmentation By Type of Current, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 5: Global Household Fans Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 6: Global Household Fans Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 7: Global Household Fans Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 8: Global Household Fans Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 9: Asia-Pacific, Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 10: China, Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 11: India, Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 12: Japan, Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 13: Australia, Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 14: Indonesia, Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 15: South Korea, Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 16: Western Europe, Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 17: UK, Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 18: Germany, Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 19: France, Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 20: Eastern Europe, Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 21: Russia, Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 22: North America, Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 23: USA, Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 24: South America, Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 25: Brazil, Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 26: Middle East, Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 27: Africa, Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 28: Hunter Fan Company Financial Performance
  • Figure 29: Casablanca Financial Performance
  • Figure 30: Emerson Ceiling Fans Financial Performance
  • Figure 31: Minka Financial Performance
  • Figure 32: Monte Carlo Financial Performance
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