Asia Pacific 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)
Market Introduction
APAC continent comprises several developing economies such as India, China, Japan, South Korea, Australia, among others. These emerging countries are witnessing an upsurge in industrialization and urbanization activities, offering ample opportunities for the key market players in the ceiling fan market. The ceiling fan industry in the countries of APAC has experienced a considerable shift over the years. The massive growth of the Asia-Pacific region is due to the expanding construction sector in emerging economies, such as India and China. Ceiling fans contribute considerably to residential electricity consumption, especially in developing countries of Asia Pacific with warm climates. A huge population coupled with warm weather conditions are majorly fueling the consumption of ceiling fans in the Asia Pacific region. Rising urbanization and industrialization in developing countries such as India and China are anticipated to play a major role in establishing new residential buildings. Also, over the past few years, the public and private sector banks of these countries have been offering home loans with low down-payments and reduced interest rates. Hence, customers are increasingly spending on purchasing stand-alone houses and flats. This trend of purchasing new residential properties has created immense opportunities for the ceiling fans market and helped in the market expansion. Also, Rising urbanization in developing countries is a major factor driving the APAC ceiling fans market.
Because of a massive rising number of cases the APAC region is greatly affected by COVID-19. The region also homes the largest population across the world, thereby imposing greater risk of many individuals; it is also a world leader of many brands. According to the Organization for Economic Co-operation and Development (OECD), the pandemic has also affected other major economies outside China, such as India, Australia and Japan, and the region is thus experiencing a downward inflation. The sudden closedown of all economic activities which includes manufacturing plants of both essential products and luxurious items has impacted the overall economy of the countries in the region. China being the manufacturing hub of the world has many major players and distributers located in the country. The temporary shutdown of supply chain to manufacturers of the ceiling fans is expected to negatively impact the market. Additionally, the reduction in demand from commercial sector has been observed across countries like India. This decrease in demand, combined with slow recovery, would have a negative effect on the ceiling fans market across the region owing to the pandemic.
Get more information on this report :
Market Overview and Dynamics
The ceiling fans market in APAC is expected to grow from US$ 4,352.58 million in 2019 to US$ 7,099.59 million by 2027; it is estimated to grow at a CAGR of 6.4% from 2020 to 2027. Major players in the ceiling fan market are highly focusing on innovations. Major companies are investing heavily in R&D and are continuously launching new products to gain customer attraction. Manufacturers are introducing premium products such as decorative fans, remote control fans, lighting fans, and others, which offer higher profit margins, thereby improving their profitability. The rising inclination for convenient residential products along with changing lifestyle of the populace is estimated to create chances for smart ceiling fans. Key players are investing heavily in technologically advanced products to satisfy the evolving customer requirements. Increased spending on home décor and interiors is anticipated to propel the market for decorative fans in the coming years.
Key Market Segments
The APAC 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 APAC ceiling fans market in 2019. Based on fan size, the APAC ceiling fans market is segmented into small, medium, and large. The medium segment held the largest share of APAC ceiling fans market in 2019. Based on end-user, the APAC ceiling fans market is segmented into residential, commercial, and industrial. Residential segment held the largest share of APAC ceiling fans market in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the ceiling fans market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Big Ass Fans, Crompton Greaves Consumer Electricals Limited, Fantasia Ceiling Fans, Havells India Ltd., Hunter Fan Company, Minka Lighting Inc., Panasonic Corporation, Westinghouse Electric Corporation.
Reasons to buy report
- To understand the APAC ceiling fans market landscape and identify market segments that are most likely to guarantee a strong return.
- Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC ceiling fans market.
- Efficiently plan M&A and partnership deals in APAC ceiling fans market by identifying market segments with the most promising probable sales.
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC ceiling fans market.
- Obtain market revenue forecast for market by various segments from 2020-2027 in APAC region.
APAC Ceiling Fans Market Segmentation
APAC Ceiling Fans Market - By Product
- Standard
- Decorative
APAC Ceiling Fans Market - By Fan Size
- Small
- Medium
- Large
APAC Ceiling Fans Market - By End-User
- Residential
- Commercial
- Industrial
APAC Ceiling Fans Market - By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
APAC Ceiling Fans Market - Company Profiles
- Big Ass Fans
- Crompton Greaves Consumer Electricals Limited
- Fantasia Ceiling Fans
- Havells India Ltd.
- Hunter Fan Company
- Minka Lighting Inc.
- Panasonic Corporation
- Westinghouse Electric Corporation
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. APAC Ceiling Fans Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.2.1 APAC PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. APAC Ceiling Fans Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Spending for Highly Developed Consumer Durables on Rise
5.1.2 Increase in the Amount Spent on High-End Decorative Items
5.2 Market Restraint
5.2.1 Substitute Products Available
5.3 Market Opportunities
5.3.1 Rising Urbanization in Developing Countries
5.4 Market Trends
5.4.1 Surging Demand for Energy Saving Fans
5.5 Impact Analysis of Drivers and Restraints
6. Ceiling Fans Market – APAC Analysis
6.1 APAC Ceiling Fans Market Overview
6.2 APAC Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)
7. APAC Ceiling Fans Market Analysis – By Product
7.1 Overview
7.2 APAC Ceiling Fans Market, By Product (2019 and 2027)
7.3 Standard
7.3.1 Overview
7.3.1.1 Standard: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)
7.4 Decorative
7.4.1 Overview
7.4.1.1 Decorative: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)
8. APAC Ceiling Fans Market Analysis – By Fan Size
8.1 Overview
8.2 APAC Ceiling Fans Market, By Fan Size (2019 and 2027)
8.3 Small
8.3.1 Overview
8.3.1.1 Small: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)
8.4 Medium
8.4.1 Overview
8.4.1.1 Medium: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)
8.5 Large
8.5.1 Overview
8.5.1.1 Large: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)
9. APAC Ceiling Fans Market Analysis – By End- User
9.1 Overview
9.2 APAC Ceiling Fans Market, By End- User (2019 and 2027)
9.3 Residential
9.3.1 Overview
9.3.1.1 Residential: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)
9.4 Commercial
9.4.1 Overview
9.4.1.1 Commercial: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)
9.5 Industrial
9.5.1 Overview
9.5.1.1 Industrial: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)
10. APAC Ceiling Fans Market – Country Analysis
10.1 Overview
10.1.1 APAC: Ceiling Fans Market, by Key Country
10.1.1.1 Australia: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1 Australia: Ceiling Fans Market, by Product
10.1.1.1.2 Australia: Ceiling Fans Market, by Fan Size
10.1.1.1.3 Australia: Ceiling Fans Market, by End-User
10.1.1.2 China: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1 China: Ceiling Fans Market, by Product
10.1.1.2.2 China: Ceiling Fans Market, by Fan Size
10.1.1.2.3 China: Ceiling Fans Market, by End-Use
10.1.1.3 India: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1 India: Ceiling Fans Market, by Product
10.1.1.3.2 India: Ceiling Fans Market, by Fan Size
10.1.1.3.3 India: Ceiling Fans Market, by End-User
10.1.1.4 Japan: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)
10.1.1.4.1 Japan: Ceiling Fans Market, by Product
10.1.1.4.2 Japan: Ceiling Fans Market, by Fan Size
10.1.1.4.3 Japan: Ceiling Fans Market, by End-User
10.1.1.5 South Korea: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)
10.1.1.5.1 South Korea: Ceiling Fans Market, by Product
10.1.1.5.2 South Korea: Ceiling Fans Market, by Fan Size
10.1.1.5.3 South Korea: Ceiling Fans Market, by End-User
10.1.1.6 Rest of APAC: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)
10.1.1.6.1 Rest of APAC: Ceiling Fans Market, by Product
10.1.1.6.2 Rest of APAC: Ceiling Fans Market, by Fan Size
10.1.1.6.3 Rest of APAC: Ceiling Fans Market, by End-User
11. Impact of COVID-19 Pandemic on APAC Ceiling Fans Market
11.1 APAC: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Merger and Acquisition
12.2 New Development
13. Company Profiles
13.1 Big Ass Fans
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Minka Lighting Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.3 Crompton Greaves Consumer Electricals Limited
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.4 Havells India Ltd.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Hunter Fan Company
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Westinghouse Electric Corporation
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.7 Fantasia Ceiling Fans
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.8 Panasonic Corporation
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products And Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. APAC Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)
Table 2. Australia Ceiling Fans Market, by Product– Revenue and Forecast to 2027 (USD Million)
Table 3. Australia Ceiling Fans Market, by Fan Size– Revenue and Forecast to 2027 (USD Million)
Table 4. Australia Ceiling Fans Market, by End-User– Revenue and Forecast to 2027 (USD Million)
Table 5. China Ceiling Fans Market, by Product– Revenue and Forecast to 2027 (USD Million)
Table 6. China Ceiling Fans Market, by Fan Size – Revenue and Forecast to 2027 (USD Million)
Table 7. China Ceiling Fans Market, by End-Use – Revenue and Forecast to 2027 (USD Million)
Table 8. India Ceiling Fans Market, by Product– Revenue and Forecast to 2027 (USD Million)
Table 9. India Ceiling Fans Market, by Fan Size – Revenue and Forecast to 2027 (USD Million)
Table 10. India Ceiling Fans Market, by End-User – Revenue and Forecast to 2027 (USD Million)
Table 11. Japan Ceiling Fans Market, by Product– Revenue and Forecast to 2027 (USD Million)
Table 12. Japan Ceiling Fans Market, by Fan Size – Revenue and Forecast to 2027 (USD Million)
Table 13. Japan Ceiling Fans Market, by End-User – Revenue and Forecast to 2027 (USD Million)
Table 14. South Korea Ceiling Fans Market, by Product– Revenue and Forecast to 2027 (USD Million)
Table 15. South Korea Ceiling Fans Market, by Fan Size – Revenue and Forecast to 2027 (USD Million)
Table 16. South Korea Ceiling Fans Market, by End-User – Revenue and Forecast to 2027 (USD Million)
Table 17. Rest of APAC Ceiling Fans Market, by Product– Revenue and Forecast to 2027 (USD Million)
Table 18. Rest of APAC Ceiling Fans Market, by Fan Size – Revenue and Forecast to 2027 (USD Million)
Table 19. Rest of APAC Ceiling Fans Market, by End-User – Revenue and Forecast to 2027 (USD Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC Ceiling Fans Market Segmentation
Figure 2. APAC Ceiling Fans Market Segmentation – By Country
Figure 3. APAC Ceiling Fans Market Overview
Figure 4. Residential Segment Held Largest Share of APAC Ceiling Fans Market
Figure 5. China Held Largest Share of APAC Ceiling Fans Market
Figure 6. Ecosystem Analysis
Figure 7. APAC Ceiling Fans Market Impact Analysis of Driver and Restraints
Figure 8. APAC: Ceiling Fans Market – Revenue and Forecast to 2027 (US$ Million)
Figure 9. APAC Ceiling Fans Market Revenue Share, by Product (2019 and 2027)
Figure 10. APAC Standard: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 11. APAC Decorative: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 12. APAC Ceiling Fans Market Revenue Share, by Fan Size (2019 and 2027)
Figure 13. APAC Small: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 14. APAC Medium: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 15. APAC Large: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 16. APAC Ceiling Fans Market Revenue Share, by End- User (2019 and 2027)
Figure 17. APAC Residential: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 18. APAC Commercial: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 19. APAC Industrial: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 20. APAC: Ceiling Fans Market, by Key Country- Revenue 2019 (US$ Million)
Figure 21. APAC: Ceiling Fans Market Revenue Share, by Key Country (2019 and 2027)
Figure 22. Australia: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)
Figure 23. China: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)
Figure 24. India: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)
Figure 25. Japan: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)
Figure 26. South Korea: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)
Figure 27. Rest of APAC: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)
Figure 28. Impact of COVID-19 Pandemic in APAC Country Markets
The List of Companies - Asia Pacific Ceiling Fans Market
- Big Ass Fans
- Crompton Greaves Consumer Electricals Limited
- Fantasia Ceiling Fans
- Havells India Ltd.
- Hunter Fan Company
- Minka Lighting Inc.
- Panasonic Corporation
- Westinghouse Electric Corporation
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC ceiling fans market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the APAC ceiling fans market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the ceiling fans market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution