North America Ceiling Fans Market Size & Outlook
North America ceiling fans market, 2018-2030 (US$M)
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North America ceiling fans market highlights
- The North America ceiling fans market generated a revenue of USD 2,903.7 million in 2023.
- The market is expected to grow at a CAGR of 3.9% from 2024 to 2030.
- In terms of segment, standard was the largest revenue generating product in 2023.
- Decorative is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 2,903.7 million |
| Market revenue in 2030 | USD 3,807.6 million |
| Growth rate | 3.9% (CAGR from 2023 to 2030) |
| Largest segment | Standard |
| Fastest growing segment | Decorative |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Standard, Decorative |
| Key market players worldwide | Griffon Corp, Crompton Greaves Consumer Electricals, Craftmade International, Ferguson PLC, Big Ass Fans, Ajanta Electrical Industries, Fanimation, MegaHOME, Masco Corp |
Other key industry trends
- In terms of revenue, North America region accounted for 20.4% of the global ceiling fans market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 9,332.6 million by 2030.
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Ceiling Fans Market Scope
Ceiling Fans Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America ceiling fans market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ceiling fans market will help companies and investors design strategic landscapes.
Standard was the largest segment with a revenue share of 58.31% in 2023. Horizon Databook has segmented the North America ceiling fans market based on standard, decorative covering the revenue growth of each sub-segment from 2018 to 2030.
In North America, ceiling fans are extensively utilized due to the prevailing atmosphere, and consumers often opt for various types such as decorative and standard. For instance, in living rooms, decorative fans are favored as they illuminate the ambiance, enhancing the room's appeal as a sitting area.
Ceiling fans play a crucial role in promoting energy efficiency in North America. By circulating air effectively, ceiling fans create a cooling effect, allowing occupants to feel comfortable at higher thermostat settings. Minka Lighting LLC is a well-known manufacturer in the region. It specializes in decorative indoor and outdoor lighting, as well as ceiling fans.
The company is recognized through its various brand representations, including Minka Aire, George Kovacs, Minka Lavery, Metropolitan Lighting Co., Madison Ave, and Ambience Brands. Minka Lighting LLC is committed to offering qualified Energy Star products across all its brands. Its division, Minka Aire, started in 1993 and designs ceiling fan collections for contemporary lifestyles.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America ceiling fans market , including forecasts for subscribers. This continent databook contains high-level insights into North America ceiling fans market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America ceiling fans market size, by country, 2018-2030 (US$M)
North America Ceiling Fans Market Outlook Share, 2023 & 2030 (US$M)
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