Report : Europe Ceiling Fans Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product (Standard and Decorative), Fan Size (Small, Medium, and Large), and End-User (Residential, Commercial, and Industrial)

Medium Segment to Dominate Europe Ceiling Fans Market during 2019–2027

According to a new market research study on “Europe Ceiling Fans Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Type and Application” is expected to reach US$ 2,684.58 2,506.69 million by 2027 from US$ 1,619.97 million in 2019. The market is estimated to grow at a CAGR of 5.7% from 2020 to 2027. The report provides trends prevailing in the Europe ceiling fans market along with the drivers and restraints pertaining to the market growth. Premium quality decorative items being highly purchased is among the major factor driving the growth of the Europe ceiling fans market. However, issues associated with availability of alternative products hinders the growth of Europe ceiling fans market.   

The Europe ceiling fans market is segmented into product, fan size, and end-user. Based on product, the market is segmented into standard and decorative. The standard segment held the largest share of Europe ceiling fans market in 2019. Based on fan size, the Europe ceiling fans market is segmented into small, medium, and large. The medium segment held the largest share of Europe ceiling fans market in 2019. Based on end-user, the Europe ceiling fans market is segmented into residential, commercial, and industrial. Residential segment held the largest share of Europe ceiling fans market in 2019.

As of April 2021, Russia, Spain, and the UK are among the worst-affected countries in terms confirmed cases and reported deaths caused by COVID-19. The pandemic has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Manufacturing industry is one the world’s major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns. Germany, is a manufacturing hub and the largest raw material supplier for various industries, is also one of the countries that experienced early effects of this pandemic. The lockdown of various plants and factories in Germany affected the Europe supply chains and disrupted manufacturing and delivery schedules, and sales of various materials. Different companies have already made announcements regarding possible delays in product deliveries and slump in future sales of their products. In addition, travel bans imposed by countries in Europe, is affecting the business collaborations and partnerships. These factors are limiting the growth of several industries, including the ceiling fans industry.

Crompton Greaves Consumer Electricals Limited, Fantasia Ceiling Fans, Havells India Ltd., Hunter Fan Company, Luminance Brands, Panasonic Corporation, Westinghouse Electric Corporation are among the leading companies in the Europe ceiling fans market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Kathy Ireland worldwide has partnered with luminance brands. Under the new partnership, the supermodel-turned–supermogul and lifestyle designer will lend her name, brand expertise and loyal customer base to support luminance’s Emerson ceiling fan collection, which will be entirely re-branded Kathy Ireland Home by Luminance Brands.    

The report segments the Europe Ceiling Fans Market follows:

 Europe Ceiling Fans Market – By Product

  • Standard
  • Decorative

Europe Ceiling Fans Market – By Fan Size

  • Small
  • Medium
  • Large

Europe Ceiling Fans Market – By End-User

  • Residential
  • Commercial
  • Industrial

Europe Ceiling Fans Market – By Country

  • France
  • Germany
  • Italy
  • Russia
  • UK
  • Rest of Europe  
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