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)
Market Introduction
The European continent comprises several developed economies such as Germany, France, United Kingdom, and Italy, among others. Unlike tropical countries, the climate in Europe is often cooler, and the main purpose of ceiling fans in these countries is not to cool but to support air conditioning. For the majority of the populace living in European countries, a ceiling fan is considered as a standby air circulation support whenever their AC system faults out or is under repair. It is intended that European producers will strive to implement novel technologies to reduce production costs and to secure their competitive edge. European customers require quieter fans without compromising on quality. Moreover, whether in domestic or industrial applications, eco-friendly ceiling fans are becoming more attractive in Europe attributed to environmental legislation, awareness, and the cost-effectiveness of energy efficiency. Nowadays, customers judge products on aspects such as price, quality, and standards, as well as on their environmental aspects. Hence, eco-friendly ceiling fans specializing in energy efficiency and low emission are anticipated to witness significant demand in the European region in the coming years. Besides, various manufacturers from other regions such as the Asia Pacific is endeavoring to penetrate the European market. For instance, Fanzart, a luxury fan brand in India, is exploring the European market. The company is planning to explore partnerships at multiple levels, including franchising or distributorship for retail and online, as well as partnerships for both commercial and residential projects. Thus, the participation of foreign players will also help in the expansion of the ceiling fans market in the European region. Also, premium quality decorative items being highly purchased at high demand is a major factor driving the Europe ceiling fans market.
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.
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Market Overview and Dynamics
The ceiling fans market in Europe is expected to grow from US$ 1,619.97 million in 2019 to US$ 2,506.69 million by 2027; it is estimated to grow at a CAGR of 5.7% from 2020 to 2027. The demand for ceiling fans is directly linked to the growth of end-use sectors such as residential, commercial, and industrial spaces. In Italy, ceiling fans are highly used by the hospitality sector. The hospitality industry in the country is witnessing a considerable growth momentum. This is due to the expanding tourism industry. The hospitality industry is one of the largest markets in Italy. Italy is also registering a high number of overnight stays. There are plenty of areas around a hotel where ceiling fans can be indispensable, including receptions, corridors, and eating places. Some of the hotel chains prefer luxury ceiling fans to provide an elegant appearance and to gain customer attraction. The key players in the country offer different varieties of ceiling fans for various industries.
Key Market Segments
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.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the ceiling fans market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Crompton Greaves Consumer Electricals Limited, Fantasia Ceiling Fans, Havells India Ltd., Hunter Fan Company, Luminance Brands, Panasonic Corporation, Westinghouse Electric Corporation.
Reasons to buy report
- To understand the Europe 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 Europe ceiling fans market.
- Efficiently plan M&A and partnership deals in Europe 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 Europe ceiling fans market.
- Obtain market revenue forecast for market by various segments from 2020-2027 in Europe region.
Europe Ceiling Fans Market Segmentation
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
Europe Ceiling Fans Market - Company Profiles
- Crompton Greaves Consumer Electricals Limited
- Fantasia Ceiling Fans
- Havells India Ltd.
- Hunter Fan Company
- Luminance Brands
- Panasonic Corporation
- Westinghouse Electric Corporation
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. Europe Ceiling Fans Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.2.1 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Ceiling Fans Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Consumer Demand for Smart and Advanced Consumer Durables
5.1.2 Premium Quality Decorative Items Being Highly Purchased
5.2 Market Restraint
5.2.1 Availability of Alternative Products
5.3 Market Trends
5.3.1 Energy Saving Fans at High Demand
5.4 Impact Analysis of Drivers and Restraints
6. Ceiling Fans Market – Europe Analysis
6.1 Europe Ceiling Fans Market Overview
6.2 Europe Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)
7. Europe Ceiling Fans Market Analysis – By Product
7.1 Overview
7.2 Europe 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. Europe Ceiling Fans Market Analysis – By Fan Size
8.1 Overview
8.2 Europe 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. Europe Ceiling Fans Market Analysis – By End- User
9.1 Overview
9.2 Europe 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. Europe Ceiling Fans Market – Country Analysis
10.1 Overview
10.1.1 Europe: Ceiling Fans Market, by Key Country
10.1.1.1 Germany: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1 Germany: Ceiling Fans Market, by Product
10.1.1.1.2 Germany: Ceiling Fans Market, by Fan Size
10.1.1.1.3 Germany: Ceiling Fans Market, by End-user
10.1.1.2 France: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1 France: Ceiling Fans Market, by Product
10.1.1.2.2 France: Ceiling Fans Market, by Fan Size
10.1.1.2.3 France: Ceiling Fans Market, by End-User
10.1.1.3 Italy: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1 Italy: Ceiling Fans Market, by Product
10.1.1.3.2 Italy: Ceiling Fans Market, by Fan Size
10.1.1.3.3 Italy: Ceiling Fans Market, by End-User
10.1.1.4 United Kingdom: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)
10.1.1.4.1 United Kingdom: Ceiling Fans Market, by Product
10.1.1.4.2 United Kingdom: Ceiling Fans Market, by Fan Size
10.1.1.4.3 United Kingdom: Ceiling Fans Market, by End-User
10.1.1.5 Russia: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)
10.1.1.5.1 Russia: Ceiling Fans Market, by Product
10.1.1.5.2 Russia: Ceiling Fans Market, by Fans Size
10.1.1.5.3 Russia: Ceiling Fans Market, by End-User
10.1.1.6 Rest of Europe: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)
10.1.1.6.1 Rest of Europe: Ceiling Fans Market, by Product
10.1.1.6.2 Rest of Europe: Ceiling Fans Market, by Fan Size
10.1.1.6.3 Rest of Europe: Ceiling Fans Market, by End-User
11. Impact of COVID-19 Pandemic on Europe Ceiling Fans Market
11.1 Europe: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Merger and Acquisition
12.2 New Development
13. Company Profiles
13.1 Luminance Brands
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 Crompton Greaves Consumer Electricals Limited
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 Havells India Ltd.
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
13.3.6 Key Developments
13.4 Hunter Fan Company
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 Westinghouse Electric Corporation
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
13.6 Fantasia Ceiling Fans
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 Panasonic Corporation
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
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Europe Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)
Table 2. Germany Ceiling Fans Market, by Product– Revenue and Forecast to 2027 (USD Million)
Table 3. Germany Ceiling Fans Market, by Fan Size– Revenue and Forecast to 2027 (USD Million)
Table 4. Germany Ceiling Fans Market, by End-user – Revenue and Forecast to 2027 (USD Million)
Table 5. France Ceiling Fans Market, by Product– Revenue and Forecast to 2027 (USD Million)
Table 6. France Ceiling Fans Market, by Fan Size – Revenue and Forecast to 2027 (USD Million)
Table 7. France Ceiling Fans Market, by End-User – Revenue and Forecast to 2027 (USD Million)
Table 8. Italy Ceiling Fans Market, by Product– Revenue and Forecast to 2027 (USD Million)
Table 9. Italy Ceiling Fans Market, by Fan Size – Revenue and Forecast to 2027 (USD Million)
Table 10. Italy Ceiling Fans Market, by End-User – Revenue and Forecast to 2027 (USD Million)
Table 11. United Kingdom Ceiling Fans Market, by Product– Revenue and Forecast to 2027 (USD Million)
Table 12. United Kingdom Ceiling Fans Market, by Fan Size – Revenue and Forecast to 2027 (USD Million)
Table 13. United Kingdom Ceiling Fans Market, by End-User – Revenue and Forecast to 2027 (USD Million)
Table 14. Russia Ceiling Fans Market, by Product– Revenue and Forecast to 2027 (USD Million)
Table 15. Russia Ceiling Fans Market, by Fans Size – Revenue and Forecast to 2027 (USD Million)
Table 16. Russia Ceiling Fans Market, by End-User – Revenue and Forecast to 2027 (USD Million)
Table 17. Rest of Europe Ceiling Fans Market, by Product– Revenue and Forecast to 2027 (USD Million)
Table 18. Rest of Europe Ceiling Fans Market, by Fan Size – Revenue and Forecast to 2027 (USD Million)
Table 19. Rest of Europe Ceiling Fans Market, by End-User – Revenue and Forecast to 2027 (USD Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Ceiling Fans Market Segmentation
Figure 2. Europe Ceiling Fans Market Segmentation – By Country
Figure 3. Europe Ceiling Fans Market Overview
Figure 4. Residential Segment Held Largest Share of Europe Ceiling Fans Market
Figure 5. Germany Held Largest Share of Europe Ceiling Fans Market
Figure 6. Ecosystem Analysis
Figure 7. Europe Ceiling Fans Market Impact Analysis of Driver and Restraints
Figure 8. Europe: Ceiling Fans Market – Revenue and Forecast to 2027 (US$ Million)
Figure 9. Europe Ceiling Fans Market Revenue Share, by Product (2019 and 2027)
Figure 10. Europe Standard: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 11. Europe Decorative: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 12. Europe Ceiling Fans Market Revenue Share, by Fan Size (2019 and 2027)
Figure 13. Europe Small: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 14. Europe Medium: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 15. Europe Large: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 16. Europe Ceiling Fans Market Revenue Share, by End- User (2019 and 2027)
Figure 17. Europe Residential: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 18. Europe Commercial: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 19. Europe Industrial: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 20. Europe: Ceiling Fans Market, by Key Country, Revenue Share 2019 (US$ Million)
Figure 21. Europe: Ceiling Fans Market Revenue Share, by Key Country (2019 and 2027)
Figure 22. Germany: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)
Figure 23. France: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)
Figure 24. Italy: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)
Figure 25. United Kingdom: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)
Figure 26. Russia: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)
Figure 27. Rest of Europe: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)
Figure 28. Impact of COVID-19 Pandemic in Europe Country Markets
- Crompton Greaves Consumer Electricals Limited
- Fantasia Ceiling Fans
- Havells India Ltd.
- Hunter Fan Company
- Luminance Brands
- Panasonic Corporation
- Westinghouse Electric Corporation
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