Europe Ceiling Fans Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Product, Fan Size, and End-User

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 growing inclination toward convenient residential goods, coupled with changing customer lifestyles, is a significant factor driving the ceiling fans market in Europe. Moreover, companies are investing in technologically innovative products to meet consumer demand. The rising adoption of smart household appliances, including smart ceiling fans that can be managed with Wi-Fi and Bluetooth connectivity, is expected to fuel market growth in the coming years. These devices can be easily controlled using compatible smartphone apps such as Alexa and Google Assistant. Further, these products feature humidity management; air-free dust, aerial microorganisms, high ventilation, and climate control; and energy savings. Furthermore, smart ceiling fans with LED lights are expected to bolster the Europe ceiling fan market growth. Additionally, surge in the purchase of premium-quality decorative items also contributes to the market growth in this region.

Based on fan type, the medium segment led the Europe ceiling fans market in 2019. The majority of medium-sized ceiling fans have size varying from 40 to 58 inch and work well for spaces with 75–175 square feet area; such spaces include spacious baths, large bedrooms, medium-sized living rooms, dining rooms, media rooms, and kitchens. These fans are offered in wide variety of colors and have a wide range of design choices. Consumers tend to buy these models due to their easy availability in brick-and-mortar stores, including local electrical appliances stores. These products provide better air circulation and enable effective cooling at low speeds. Moreover, factors such as easy installation and affordability favor the growth of the market for the medium ceiling fans in Europe.

As of April 2021, Russia, Spain, and the UK are among the worst-affected countries in terms COVID-19 cases and deaths. The pandemic has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Manufacturing 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, and it is also one of the countries that experienced early effects of the pandemic. The lockdown of various plants and factories in Germany affected supply chains and disrupted manufacturing and delivery schedules, and sales in Europe. 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.

The Europe ceiling fans market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the Europe ceiling fans market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers - along with external consultants such as valuation experts, research analysts, and key opinion leaders - specializing in the Europe ceiling fans market. Crompton Greaves Consumer Electricals Limited, Fantasia Ceiling Fans, Havells India Ltd., Hunter Fan Company, Luminance Brands, Panasonic Corporation, and Westinghouse Electric Corporation are among the key players operating in the market in this region.

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