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.
Browse over XX market 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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