Neck Fan Market to be dominated by online segment through 2027
The expanding usage of neck
fan across the globe is expected to boost the product demand in the forecast
period, 2023-2027.
According to TechSci Research report, “Neck Fan Market - Global Industry Size, Share, Trends, Opportunity
and Forecast, 2017-2027”, the global Neck Fan market is anticipated to
witness a growth of steady CAGR in the forecast period, 2023-2027. The portable
neck fan is specifically designed to look like a modern pair of headphones and
be worn around the back of your neck like a necklace. It offers 360 degrees of air
movement, so it aids in keeping the face cool without blowing air directly on
it. For those looking for an easy way to combat high temperatures, neck fans
are one of the most convenient ways. They are powerful, wireless, and provide
hands-free relief from even the hottest of days. The extensive investments by
an eminent vendor in product capabilities and business expansion is expected to
accelerate the market during the forecast period. Various key market players
are finding lucrative opportunities in emerging economies like China and India,
where the large populations are coupled with new innovations in various
industries.
Several producers are
introducing new products for better consumer experience along with this the
improving focus on the needs of its customers by launching new products. This
is further propelled by the fact that neck fan doesn’t require any installation
process which drives the consumers to adopt this new solution driven
technology. It is easy to carry and offers cooling at its best. Rising standard
of living across the globe and the inflating disposable incomes supporting the
growth of the market.
However, frequent
battery issues in rechargeable fans and less life of portable fans, along with
the innovations in the industry are related to remote-controlled bladeless
fans, which can be controlled via smartphones are impeding the growth of the
market.
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data Figures spread through 110 Pages and an in-depth TOC on "GLOBAL NECK FAN MARKET"
The global neck fan market
is segmented based on power, price range, distribution channel, company, and
regional distribution. The global neck
fan market is segmented into power, price range, distribution channel
and regional distribution. Based on the power, the market is divided
into Less Than 10-Watt, 10 Watt-20 Watt, More Than 20 Watt. 10 Watt-20-Watt
segment is expected to dominate in the market in the coming years, 2023-2027.
The consumers are demanding high speed neck fan which is further propelling the
segmental growth.
Based on the price range, the market is
segmented into low, medium, and high. The medium price range segment is
expected to hold the significant share in the market in the forecast period,
2023-2027. The rising awareness among the people regarding the use of neck fan
especially across Asia-Pacific region due to the rising temperature, people are
looking for a medium range neck fan which supports the market growth.
Based on distribution channel, the
market is bifurcated into offline and online. The online segment is expected to
account for the significant share in the market in the forthcoming years,
2023-2027. Expanding e-commerce sector is driving the product demand through
the online services which accelerates the segmental growth.
Based on regional analysis,
the North America region is expected to dominate the global neck fan market in
the forecast period. The growing adoption of neck fan in residential as well as
commercial places and the rising number of product need across the globe are
further propelling the growth of the market.
Leading market players
operating in the global neck fan market are:
- Shenzhen Jisu Technology Co., Ltd.
- Minimax
- MOVSOU
- PenKou
- Kiron
- Spike ECom
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“The escalating demand of portable
devices and elevating levels of urbanization in emerging economies are some of
the main factors that fuel demand of neck fan across globe. In addition to
this, the increase in number of outdoor sports activities, the inflating need
for ventilation to control humidity in houses and office rooms and increasing
use of handy portable devices during travelling, camping, and trekking are some
of the significant growth-inducing factors for global neck fans market. Along
with this, numerous manufacturers are developing the technology of portable
fans by innovations. where bladeless and voice-controlled fans are being
tested. With this, increasing per capita income in the developing nations will
continue to boost the demand for neck fan market. This, in turn, is projected
to propel the market growth till 2027” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“Neck Fan Market - Global
Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027 By Power
(Less Than 10 Watt, 10 Watt-20 Watt, More Than 20 Watt), By Price Range (Low,
Medium, High), By Distribution Channel (Online, Offline), and By Region”, has evaluated the future growth
potential of global neck fan market and provides statistics & information
on market size, structure, and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities in
global neck fan market.
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