According to a market report by Lucintel, the future of the portable fan market looks promising with opportunities in the residential, commercial, and industrial market. The global portable fan market is expected to grow with a CAGR of 3% to 5% from 2023 to 2028. The major drivers for this market are rise in demand for portable devices, rapid urbanization in emerging economies, and growth in outdoor sports activities.
In this market, table fans and tower fans are the major segments by product. Lucintel forecasts that table fans will remain the largest segment over the forecast period due to its wide usage in houses, offices, businesses, and shops, oscillation that allows the fan to rotate at 180 degrees of direction, its portability, and ease of use.
Within this market, commercial is expected to remain the fastest growing segment due to small batteries attached to portable fan which ensures less weight, easy installation, and makes it simpler to carry such fans.
APAC will remain the fastest growing region due to the presence of major portable fan manufacturers and tropical temperatures, and wide acceptance of portable fans in homes, offices, and various businesses in the region.
Westinghouse Electric Corporation, Honeywell International, DecoBreeze, O2Cool, Lasko Products, Vornado Air, Orient Electric, Acofanworks, Easyacc.com, and Xiaomi are the major suppliers in the global portable fan market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global portable fan market by product, material, application, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Portable Fan Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global portable fan market by product, material, application, and region, as follows:
Portable Fan Market by Product [Value ($B) Shipment Analysis from 2017 to 2028]:
· Table Fans
· Tower Fans
· Others (Pedestal Fans, Handheld Fans, etc.)
Portable Fan Market by Material [Value ($B) Shipment Analysis from 2017 to 2028]:
· Metal Shell
· Plastic Shell
· Others (Wooden Shell, etc.)
Portable Fan Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
· Residential
· Commercial
· Industrial
Portable Fan Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
· North America
· Europe
· Asia Pacific
· The Rest of the World
A more than 150 pages and in-depth TOC on “Global Portable Fan Market". To download report brochure, please go to
https://www.lucintel.com and click "report brochure" tab from the menu.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the portable fan market by product (table fans, tower fans, and others), material (metal shell, plastic shell, and others), application (residential, commercial, and industrial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?