North America Household Fans Market Forecast to 2031 - Regional Analysis

List of Tables

The North America household fans market was valued at US$ 3,034.64 million in 2023 and is expected to reach US$ 4,575.13 million by 2031; it is estimated to register a CAGR of 5.3% from 2023 to 2031.

Growing Number of Households and Residences Fuels North America Household Fans Market

The housing market growth is attributed to various factors such as population increase, urbanization trends, and favorable economic conditions. According to redfin, in the US, the number of houses sold in January 2024 was 284,121, which was 1.8% higher than the number of houses sold in January 2023. Residential construction is a crucial component of the private sector. It witnessed a noteworthy increase to a seasonally adjusted annual rate of US$ 856.3 billion in June 2023, marking a 0.9% rise from the revised May estimate of US$ 848.6 billion. In March 2023, the government launched the Housing Accelerator Fund worth US$ 2.96 billion to aid in the building of at least 100,000 homes across Canada. According to the US Census Bureau, in November 2023, the number of privately owned houses (at a seasonally adjusted annual rate) was 1.56 million units, a rise of 9.3% compared to 1.43 million units in November 2022.

According to a United Nations report, approximately 1.6 billion people globally lack adequate housing, and experts predict this number could increase to 3 billion by 2030. To provide housing for these 3 billion people, the world will need to construct 96,000 new affordable homes each day, as stated by UN-Habitat. Newly constructed homes often feature spacious living areas as integral components of modern residential designs, with leisure, entertainment, and relaxation spaces. The demand for home appliances is rising significantly due to the growing housing market. Thus, the growing number of households and residences drives the global household fans market growth.

North America Household Fans Market Overview

North America is one of the most significant regions for companies in the household fans market, as there has been a noticeable shift in this region toward energy-efficient cooling options. The household fans market in North America is segmented into the US, Canada, and Mexico. Consumers in these countries continuously seek economical household cooling options that reduce the need for excessive energy. Besides the excessive use of air conditioners, sustainability has become a primary concern, leading to the popularity of household fans. Factors such as the cost-effectiveness and durability of household fans and increased construction activity in the region positively impact the market growth. The widespread usage of household fans in the residential sector also fuels the North America household fan market growth. Ceiling fans are considered the most effective types of household fans as they can circulate air inside the room to create a draft throughout the room. The increasing spending on home renovation activities is seen to be the major trend for the household fan market in the region in the coming years. A study by the National Association of Home Builders in 2022 discovered that new home buyers spend on average US$ 12,000 on renovations, US$ 5,000 on furnishing, and US$ 4,000 on home appliances. Environmentally friendly fans help consumers save on utility bills. Moreover, energy efficiency and the use of smart technology are extensively driving the adoption of household fans in North America.

North America Household Fans Market Revenue and Forecast to 2031 (US$ Million)

North America Household Fans Market Segmentation

The North America household fans market is categorized into product type, distribution channel, and country.

Based on product type, the North America household fans market is segmented into ceiling fan, pedestal fan, table fan, exhaust fan, wall fan, and others. The ceiling fan segment held the largest market share in 2023.

In terms of distribution channel, the North America household fans market is categorized into supermarkets & hypermarkets, specialty stores, online retail, and others. The specialty stores segment held the largest market share in 2023.

By country, the North America household fans market is segmented into the US, Canada, and Mexico. The US dominated the North America household fans market share in 2023.

Honeywell International Inc; Lasko Products, LLC; Vornado Air, LLC; Panasonic Holdings Corp; Hunter Fan Co; Ozeri; SEG Products Inc; SEB SA; and TOSHIBA CORPORATION are some of the leading companies operating in the North America household fans market.

Product Code: BMIRE00031527

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. North America Household Fans Market Landscape

4.1 Overview
4.2 Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Competitive Rivalry
- 4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers
- 4.3.2 Household Fan Manufacturers
- 4.3.3 Distributors
- 4.3.4 Distribution Channel
- 4.3.5 List of Vendors in the Value Chain

5. North America Household Fans Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Growing Number of Households and Residences
- 5.1.2 Rising Preference for Energy-Efficient Household Fans
5.2 Market Restraints
- 5.2.1 Competition from Substitute Cooling Solutions
5.3 Market Opportunities
- 5.3.1 Growing Sales of Home Appliances Through E-Commerce Channel
5.4 Future Trends
- 5.4.1 Development and Adoption of Smart Ceiling Fans
5.5 Impact of Drivers and Restraints:

6. Household Fans Market - North America Analysis

6.1 North America Household Fans Market Overview
6.2 Household Fans Market Volume (Million Units), 2021-2031
6.3 Household Fans Market Volume Forecast and Analysis (Million Units)
6.4 Household Fans Market Revenue (US$ Million), 2023-2031
6.5 Household Fans Market Forecast and Analysis

7. North America Household Fans Market Volume and Revenue Analysis - by Product Type

7.1 Ceiling Fan
- 7.1.1 Overview
- 7.1.2 Ceiling Fan: Household Fans Market - Volume and Forecast to 2031 (Million Units)
- 7.1.3 Ceiling Fan: Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Pedestal Fan
- 7.2.1 Overview
- 7.2.2 Pedestal Fan: Household Fans Market - Volume and Forecast to 2031 (Million Units)
- 7.2.3 Pedestal Fan: Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
7.3 Table Fan
- 7.3.1 Overview
- 7.3.2 Table Fan: Household Fans Market - Volume and Forecast to 2031 (Million Units)
- 7.3.3 Table Fan: Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
7.4 Exhaust Fan
- 7.4.1 Overview
- 7.4.2 Exhaust Fan: Household Fans Market - Volume and Forecast to 2031 (Million Units)
- 7.4.3 Exhaust Fan: Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
7.5 Wall Fan
- 7.5.1 Overview
- 7.5.2 Wall Fan: Household Fans Market - Volume and Forecast to 2031 (Million Units)
- 7.5.3 Wall Fan: Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
7.6 Others
- 7.6.1 Overview
- 7.6.2 Others: Household Fans Market - Volume and Forecast to 2031 (Million Units)
- 7.6.3 Others: Household Fans Market - Revenue and Forecast to 2031 (US$ Million)

8. North America Household Fans Market Volume and Revenue Analysis - by Distribution Channel

8.1 Supermarkets & Hypermarkets
- 8.1.1 Overview
- 8.1.2 Supermarkets & Hypermarkets: Household Fans Market - Volume and Forecast to 2031 (Million Units)
- 8.1.3 Supermarkets & Hypermarkets: Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Specialty Stores
- 8.2.1 Overview
- 8.2.2 Specialty Stores: Household Fans Market - Volume and Forecast to 2031 (Million Units)
- 8.2.3 Specialty Stores: Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
8.3 Online Retail
- 8.3.1 Overview
- 8.3.2 Online Retail: Household Fans Market - Volume and Forecast to 2031 (Million Units)
- 8.3.3 Online Retail: Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
8.4 Others
- 8.4.1 Overview
- 8.4.2 Others: Household Fans Market - Volume and Forecast to 2031 (Million Units)
- 8.4.3 Others: Household Fans Market - Revenue and Forecast to 2031 (US$ Million)

9. North America Household Fans Market - Country Analysis

9.1 North America
- 9.1.1 North America Household Fans Market Breakdown, by key countries, 2023 and 2031 (%)
  - 9.1.1.1 North America Household Fans Market Volume and Forecast and Analysis - by Country
  - 9.1.1.2 North America Household Fans Market Revenue and Forecast and Analysis - by Country
  - 9.1.1.3 United States Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.3.1 United States Household Fans Market Breakdown by Product Type
    - 9.1.1.3.2 United States Household Fans Market Breakdown by Distribution Channel
  - 9.1.1.4 Canada Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.4.1 Canada Household Fans Market Breakdown by Product Type
    - 9.1.1.4.2 Canada Household Fans Market Breakdown by Distribution Channel
  - 9.1.1.5 Mexico Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.5.1 Mexico Household Fans Market Breakdown by Product Type
    - 9.1.1.5.2 Mexico Household Fans Market Breakdown by Distribution Channel

10. Competitive Landscape

10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration

11. Industry Landscape

11.1 Overview
11.2 New Product Launches
11.3 Expansion

12. Company Profiles

12.1 Honeywell International Inc
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 Lasko Products, LLC
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 Vornado Air, LLC
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 Panasonic Holdings Corp
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Hunter Fan Co
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 Ozeri
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 SEG Products Inc
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 SEB SA
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
12.9 TOSHIBA CORPORATION
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments

13. Appendix

13.1 About The Insight Partners