According to a new report, published by KBV research, The Global Handheld Fans Market size is expected to reach $679.2 million by 2030, rising at a market growth of 5.8% CAGR during the forecast period.
The non-rechargeable segment is anticipated to have a highest CAGR of 4.8% during (2023 - 2030). Non-rechargeable handheld fans cater to a wide range of consumer demographics, including those with limited access to consistent power sources. In regions with unreliable electricity or where recharging options are scarce, non-rechargeable fans become a reliable and accessible solution. This inclusivity enhances the market reach of handheld fans, making them available to diverse users across different socioeconomic backgrounds. The non-rechargeable segment stands out for its independence from electrical outlets or charging stations.
The Commercial segment is leading the Global Handheld Fans Market by Application in 2022 thereby, achieving a market value of $438.4 million by 2030. The hospitality and tourism industry has embraced handheld fans as essential amenities for guests. Hotels, resorts, and cruise ships provide handheld fans in guest rooms, lobbies, and outdoor areas. The portable nature of handheld fans makes them convenient for guests to carry during tours, excursions, or outdoor events, enhancing their overall experience and comfort. Restaurants and cafes, particularly those with outdoor seating, have integrated handheld fans into their service offerings.
The Retail Stores segment is experiencing a CAGR of 6.1% during (2023 - 2030). The ambiance of a retail store significantly influences customer perceptions. Handheld fans create a pleasant and refreshing atmosphere, making the shopping experience more enjoyable. Retailers strategically placing handheld fans throughout the store create a positive ambiance, positively influencing customer mood and satisfaction. The well-being of retail employees is crucial to maintaining a productive and positive work environment.
The Asia Pacific region dominated the Global Handheld Fans Market by Region in 2022 thereby, achieving a market value of $260.3 million by 2030, growing at a CAGR of 6.2 % during the forecast period. The Europe region is experiencing a CAGR of 5.3% during (2023 - 2030). Additionally, The North America region would witness a CAGR of 5.1% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/handheld-fans-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Firefly Electric and Lighting Corporation, Easyacc, Newell Brands, Inc., Xiaomi Corporation, Arctic GmbH, Life on Products, Inc, Yashang Electronics Co., Ltd, O2cool LLC (Maurice Sporting Goods, Inc.), Harkin Global Solutions Pvt. Ltd.
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