Market Overview:
The global household tower fans market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient appliances and rising awareness about health and hygiene. In terms of type, the bladeless tower fan segment is expected to grow at a higher CAGR than other types during the forecast period. This can be attributed to their growing popularity among consumers due to their design and features such as portability, low noise levels, and easy cleaning.
Product Definition:
A household tower fan is a type of electric fan that is designed to cool down a room by blowing air out of the top. These fans come in various shapes and sizes, with some featuring multiple blades and others having oscillation capabilities. Tower fans are often considered more efficient than traditional pedestal or box fans because they take up less space and can be directed more easily around a room.
Bladeless:
Bladeless is a technology-based on-demand wind energy system that requires no blades and can be used in any orientation. It uses the air movement created by the spinning of a central hub motor which is connected to an electrical generator. The bladeless fan has several benefits over traditional fans such as it's more efficient, ecofriendly, safer and also comes with smart control options for convenience.
2-4 Blades:
2-4 blades is the name given to a group of fans with four or more speeds. The most common type of 2-4 blade fan has five speeds and is known as a “5-speed” tower fan. These types of fans are usually used in households for cooling down their surroundings by creating air movement.
Application Insights:
The online sales segment dominated the global household tower fans market in 2017. This is attributed to factors such as availability of a larger variety of products, easy product access and convenient payment options. Furthermore, the majority of manufacturers offer home delivery services which further enhances the purchase decision-making process. The offline sales segment is expected to witness significant growth over the forecast period owing to increasing awareness about energy efficiency and superior cooling performance among consumers across developing countries including China, India and Brazil. Tower fan manufacturers are launching new products with innovative features that cater to consumer needs resulting in increased demand for these devices at retail stores across these regions.
For instance, July 2015 saw the launch of Dyson AMBALA tower fan by Dyson which comes with an LED light feature for better illumination while working or studying late night hours within homes or offices without disturbing others sleeping rooms nearby.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to continue its dominance over the forecast period as well, owing to growing product demand and improving economic conditions. Increasing consumer disposable income levels are also anticipated to contribute toward regional growth.
North America is projected to be one of the fastest-growing regions during the same period owing to increasing awareness about energy conservation and sustainable development coupled with changing weather patterns that lead towards increased cooling requirements in homes across U.S., Mexico, and Canada among other countries within North America region. Moreover, rising adoption of household towers fans due their portability feature will drive regional growth further on account of high demand for technologically advanced products within this region along with growing online & offline sales across U.S.
Growth Factors:
- Increasing demand for energy-efficient appliances: The global market for energy-efficient appliances is expected to grow at a CAGR of more than 9% during the forecast period. This is owing to the increasing awareness about the benefits of using energy-efficient appliances, such as household tower fans.
- Rising disposable income in developing countries: The disposable income of consumers in developing countries is rising at a rapid pace, which is resulting in an increase in their purchasing power. This is leading to an increase in demand for premium and luxury products, such as household tower fans.
- Growing popularity of smart homes: The popularity of smart homes is growing rapidly across the world due to the numerous benefits they offer, such as increased convenience and security. Household tower fans are among the many devices that can be integrated into a smart home setup.
Scope Of The Report
Report Attributes
Report Details
Report Title
Household Tower Fans Market Research Report
By Type
Bladeless, 2-4 Blades, Others
By Application
Online Sales, Offline Sales
By Companies
Lasko, Pelonis Technologies, Midea, Vornado, TaoTronics, DYSON, Honeywell, Lasko
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
215
Number of Tables & Figures
151
Customization Available
Yes, the report can be customized as per your need.
Global Household Tower Fans Market Report Segments:
The global Household Tower Fans market is segmented on the basis of:
Types
Bladeless, 2-4 Blades, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Online Sales, Offline Sales
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Lasko
- Pelonis Technologies
- Midea
- Vornado
- TaoTronics
- DYSON
- Honeywell
- Lasko
Highlights of The Household Tower Fans Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Bladeless
- 2-4 Blades
- Others
- By Application:
- Online Sales
- Offline Sales
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Household Tower Fans Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Household tower fans are a type of fan that is designed to circulate air in a room. They typically have three or more blades and are often taller than other types of fans. Household tower fans can be used to cool down a room, provide ventilation, or help circulate the air.
Some of the major companies in the household tower fans market are Lasko, Pelonis Technologies, Midea, Vornado, TaoTronics, DYSON, Honeywell, Lasko.
The household tower fans market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Household Tower Fans Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Household Tower Fans Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Household Tower Fans Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Household Tower Fans Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Household Tower Fans Market Size & Forecast, 2018-2028 4.5.1 Household Tower Fans Market Size and Y-o-Y Growth 4.5.2 Household Tower Fans Market Absolute $ Opportunity
Chapter 5 Global Household Tower Fans Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Household Tower Fans Market Size Forecast by Type
5.2.1 Bladeless
5.2.2 2-4 Blades
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Household Tower Fans Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Household Tower Fans Market Size Forecast by Applications
6.2.1 Online Sales
6.2.2 Offline Sales
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Household Tower Fans Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Household Tower Fans Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Household Tower Fans Analysis and Forecast
9.1 Introduction
9.2 North America Household Tower Fans Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Household Tower Fans Market Size Forecast by Type
9.6.1 Bladeless
9.6.2 2-4 Blades
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Household Tower Fans Market Size Forecast by Applications
9.10.1 Online Sales
9.10.2 Offline Sales
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Household Tower Fans Analysis and Forecast
10.1 Introduction
10.2 Europe Household Tower Fans Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Household Tower Fans Market Size Forecast by Type
10.6.1 Bladeless
10.6.2 2-4 Blades
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Household Tower Fans Market Size Forecast by Applications
10.10.1 Online Sales
10.10.2 Offline Sales
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Household Tower Fans Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Household Tower Fans Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Household Tower Fans Market Size Forecast by Type
11.6.1 Bladeless
11.6.2 2-4 Blades
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Household Tower Fans Market Size Forecast by Applications
11.10.1 Online Sales
11.10.2 Offline Sales
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Household Tower Fans Analysis and Forecast
12.1 Introduction
12.2 Latin America Household Tower Fans Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Household Tower Fans Market Size Forecast by Type
12.6.1 Bladeless
12.6.2 2-4 Blades
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Household Tower Fans Market Size Forecast by Applications
12.10.1 Online Sales
12.10.2 Offline Sales
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Household Tower Fans Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Household Tower Fans Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Household Tower Fans Market Size Forecast by Type
13.6.1 Bladeless
13.6.2 2-4 Blades
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Household Tower Fans Market Size Forecast by Applications
13.10.1 Online Sales
13.10.2 Offline Sales
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Household Tower Fans Market: Competitive Dashboard
14.2 Global Household Tower Fans Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Lasko
14.3.2 Pelonis Technologies
14.3.3 Midea
14.3.4 Vornado
14.3.5 TaoTronics
14.3.6 DYSON
14.3.7 Honeywell
14.3.8 Lasko