Handheld Fans Market 2023 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

The global market value of handheld fans was worth USD 427.8 million in 2022, and a CAGR of 6.4% is expected during the forecast period. A fan is a machine in which an electric motor is used to propel the air, and it is made of wood, plastic, or metal. The rise in outdoor activities worldwide is increasing the demand for handheld fans all over the world.

Handheld fans are portable and convenient. And the key advantage of a handheld fan is that we do not need to install it. Consumers these days are in search of devices powered by renewable sources. The rising online sales of handheld fans are driving the growth of the market significantly. It is widely used in commercial places like hospitals and in the cosmetic industry.

Impact of Covid-19

Covid-19 influenced the handheld fans market significantly. Initially there was a surge in demand due to increasing awareness of personal hygiene, and ventilation. However supply chain disruptions affected production, and availability leading to fluctuations in sales, and availability. Overall market saw shifts in consumer behavior, and production challenges during the pandemic.

Growth Drivers

·         The rising demand for portable cooling solutions

·         Increasing focus on personal comfort

·         Increasing demand for it in high temperature region

·         Advancements in technology leading to more efficient, and diverse fan designs

·         Growing awareness of the need for better air circulation, and ventilation

·         Increasing demand for eco-friendly and Rechargeable fan options

Increasing demand for portable fans, which we don’t need to install is driving the growth of the market. In most part of the world, due to global warming, and green house gas effect the temperature is increasing drastically. For personal comfort during journey, these fans are preferred widely over other fans. High temperature region like India, and China along with most of the part of the Middle East, is also showing promising growth in this sector during the forecast period.

These fans are eco-friendly and does not pollute the environment. Continuous innovations have led to more efficient, quieter, and feature rich handled fans, attracting consumers looking for comfort, and convenience. Growing environmental concerns have spurred the development of eco-friendly handheld fans, which are rechargeable and solar-powered less.

Personal hygiene and Air solution needed during pandemic is another growth driver. The compact nature of handheld fans make them convenient, contributing to their popularity among consumers seeking portable cooling solutions. Urbanization, and lifestyle changes have fueled the demand for handheld fans.

Segmentation

Type

·         Hand held fans

·         Battery Operated fans

·         Foldable/Portable fans

·         USB Powered fans

·         Misting Fans

Power Source

·         Electric

·         Battery Operated

·         Rechargeable

·         Solar Powered

Distribution Channel

·         Online Retails

·         Offline Retails

·         Specialty Stores

·         Direct Sales

End-User

·         Residential Users

·         Commercial Users

·         Outdoor Enthusiasts

Regional Outlook

·         Asia Pacific

·         North America

·         Europe

·         Latin America

·         Middle East and Africa

Handheld Fans Market Type Segmentation

On the basis of type, the handheld market is segmented into rechargeable, and non- rechargeable. The rechargeable segment accounted for the largest market share during the forecast period. An electric device blowing air without direct source of power supply is a rechargeable fan.

Handheld Fans Market Distribution Channel Segmentation

On the basis of distribution channel, the handheld fans market is segmented into supermarkets, retail stores, online stores, and others. The supermarket segment is expected to account for the largest share of the market and is expected to lead during the forecast period. Supermarket is an extended version of conventional store with a self service facility. Online shopping during the pandemic came into the existence as a blessing in disguise. The online market is another key segment. Increasing demand for handheld fans in the Middle East and Asia-Pacific region is driving market growth.

Handheld Fans Market End-User Segmentation

On the basis of end-users, the handheld fans market is segmented into residential users, commercial users, and outdoor enthusiasts. Due to portability, and other features, these fans are used by residential people, for commercial purpose.

 Regional Outlook

On the basis of regions, the handheld market is segmented into 5 regions: Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. The Asia-Pacific region is expected to grow at the fastest rate during the forecast period. The increasing number of people turning to innovative and creative ways to remain cool during the summer is driving the growth of the market in the region. A higher number of lower- and middle-class people are also driving the growth of the market in the region. China and India, due to their large populations, increasing urbanization, and rapid industrialization, are growing the market in the region.

Increasing demand for portable fans is driving the growth of the market. Due to the presence of key market players like Arctic GmbH and Easyacc, the market in the Asia-Pacific region is expected to grow significantly. In North America, the market is robust due to the prevalence of hot summers in various states. The focus on convenience and comfort has led to a steady demand for handheld fans, especially battery-operated and rechargeable ones. Regions with warm climates in southern Europe drive the handheld fan market. The emphasis on sustainability has boosted the demand for eco-friendly options. Countries like Spain, Italy, and Greece exhibit substantial demand.

Latin America and the Middle East, due to the hot environment, are also growing regions. Countries with tropical climates in the Latin American region have a notable demand for handheld fans. The market is influenced by notable variations and the need for portable cooling solutions. The hot climate in the Middle East of the world, like in the U.A.E., Saudi Arabia, Syria, and Israel, has shown potential growth in the market.

Key Players

·         Lifemax Limited

·         Honeywell International INC

·         Harkin Global Solutions Pvt. Limited

·         Francfranc Corporation

·         John Lewis Partnership PLC

·         Helfords Limited

·         Newell Brands INC

·         Xiaomi Corporation

·         ARCTIC GmbH

·         Shenzhen jisu technology company limited

·         Firefly Electric and Lighting Corporation

·         Other Players