Europe Ceiling Fans Market Segments and Growth by 2027

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.

France, Germany, Italy, UK, and Russia are major economies in Europe. Premium quality decorative items being highly purchased at high demand is the major factor driving the Europe ceiling fans market. Modern customers tend to spend on appliances that are both durable and attractive. The increasing spending on high-quality home decor at the Europe level is expected to encourage the use of ceiling fans with added features such as layered light fixtures and interchangeable blades. Furthermore, manufacturers are introducing premium products, such as lighting fans, decorative fans, etc., which is increasing the demand of decorative ceiling fans in the market. Moreover, the expenditure on interior decoration because of growing awareness of different designs for the home as well as commercial interiors through robust campaigns on social media platforms, including Facebook, Pinterest, and Instagram, is expected to have a positive impact on the growth of the ceiling fans market Furthermore, companies are offering creative ceiling fans to improve the internal appeal of households. In urban areas, few companies sell custom ceiling fans with 3 and 4 blades. Growing customer demand for renovation of their home after a certain period increases the availability of different decorative ceiling fans, such as rustic ceiling fans, contemporary ceiling fans, black ceiling fans, fancy ceiling fans, etc. Globalization has led to a broader consumer market, which encourages easier product selection of a wide range of goods across multiple distribution networks. In addition, the development of the interior design industry paved the way for fancy and luxury ceiling fans to provide visitors with an enriching experience which will further increase the demand for premium quality decorative ceiling fans.  

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.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe ceiling fans market. The Europe ceiling fans market is expected to grow at a good CAGR during the forecast period.

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 - Companies Mentioned

• Crompton Greaves Consumer Electricals Limited
• Fantasia Ceiling Fans
• Havells India Ltd.
• Hunter Fan Company
• Luminance Brands
• Panasonic Corporation
• Westinghouse Electric Corporation

Europe Ceiling Fans Report Scope