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Neck Fan/Neck Band Fan Market - Forecast(2024 - 2030)
Neck Fan/Neck Band Fan Market Overview:
Neck Fan/Neck Band Fan Market size is estimated to reach $456 million by 2031, growing at a CAGR of 5.6% during the forecast period 2024-2031. The surge in demand for neck fans, also known as neckband fans, reflects a growing need for portable, hands-free cooling solutions. These innovative devices offer relief from heat while on the move, making them popular for outdoor activities, travel, and everyday use, especially in hot climates, these are factors propelling the Neck Fan/Neck Band Fan Market growth.
Additionally, according to World Meteorological Organization (WMO), there is a 66% chance that the annual average near-surface global temperature will be more than 1.5°C above pre-industrial levels for at least one year between 2023 and 2027. There is a 98% chance that at least one of the next five years, and the entire five-year period, will be the warmest on record. As the climate continues to change, people around the world are looking for ways to stay cool, particularly in hot and humid environments. Neck fans are a convenient and portable way to stay cool without having to hold a fan or use a fan that takes up a lot of space.
Market Snapshot:
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Neck Fan/Neck Band Fan Market - Report Coverage:
The “Neck Fan/Neck Band Fan Market Report - Forecast (2024-2031)” by IndustryARC, covers an in-depth analysis of the following segments in the Neck Fan/Neck Band Fan Market.
COVID-19 / Ukraine Crisis - Impact Analysis:
The COVID-19 pandemic has had a significant impact on the neck fan market, causing changes in market dynamics. There has been a decrease in demand and production for neck fans. The restrictions on travel and outdoor activities have limited the opportunities for people to use neck fans, resulting in reduced demand. Economic uncertainties and financial constraints have also contributed to the decrease in consumer spending on non-essential items like neck fans. Consequently, manufacturers may have scaled back production or faced challenges in sourcing raw materials and components.
The Ukraine crisis had the potential to impact various industries and global markets, including consumer electronics and manufacturing. The neck fans market faced disruptions due to trade sanctions or restrictions imposed on Ukraine or Russia by other countries. These measures could impact the import and export of goods, including neck fans, potentially leading to market instability.
Key Takeaways:
• Fastest Growth of North America
Geographically, in the global Neck Fan/Neck Band Fan market share, North America is analyzed to grow with the highest CAGR of 6.3% during the forecast period 2024-2031. The climate in different regions of North America can vary greatly. Areas with hot and humid climates, such as the southern United States, may have a higher demand for neck fans compared to cooler regions. Sudden heatwaves or periods of unusually hot weather can lead to a spike in demand for cooling devices like neck fans in this region.
Additionally, according to the Intergovernmental Panel on Climate Change, Heatwave-related deaths have surged in the US, particularly on the border with Mexico, with over 200 fatalities in Mexico. With the increasing awareness of the health risks associated with heat waves, people are taking proactive measures to protect themselves from extreme heat. Neck Fans/Neck Band Fans are seen as an effective tool to combat heat-related discomfort and minimize the risk of heat-related illnesses.
• Bladeless Neck Fans Register the Fastest Growth
In the Neck Fan/Neck Band Fan Market analysis, the bladeless neck fans segment is estimated to grow with the highest CAGR of 5.9% during the forecast period. Bladeless neck fans are a popular choice for hot weather and active lifestyles because of their unique design, which provides hands-free cooling relief. These small, lightweight gadgets deliver immediate relaxation and heat relief by gently circulating air around the neck. Bladeless neck fans have developed into a multipurpose and popular cooling option for people on travels and for outdoor activities.
For instance, in the year 2022 JISULIFE introduced the FA35Pro Ultimate Bladeless Neck Fan product. This portable, rechargeable neck fan offers a hands-free cooling solution, perfect for combating hot flashes and heat stroke, even when wearing a mask.
• The Indoor Segment Leading the Market
According to the Neck Fan/Neck Band Fan Market forecast, the Indoor Segment held the largest market valuation of $115 million in 2023. Owing to the rising demand for portable and hands-free cooling options, the neck fan market for indoor use has had substantial growth in recent years. These cutting-edge gadgets have grown in favor among people looking for relief from stuffy and overheated interior conditions. Neck fans provide comfort and convenience by having streamlined and lightweight designs that enable users to stay cool while engaging in a variety of indoor activities like working, exercising, or simply relaxing. The latest innovations in this sector include innovative functions like programmable fan speeds, rechargeable batteries, and even integrated aromatic capabilities. The market for neck fans used indoors was anticipated to continue growing as more people were placing a higher priority on their comfort.
• The Increasing Popularity of Portable Neck Fans Contributes to Market Growth.
Portable neck fans become a must-have cooling gadget for tech enthusiasts and everyday consumers. These hands-free devices offer a convenient and comfortable way to beat the heat while performing tasks that require both hands. With battery-operated and energy-efficient design, provides a sustainable alternative to traditional cooling methods. Tech-savvy users can even enjoy their favorite tracks with built-in Bluetooth speakers. For an added touch of personalization, some neck fans now come equipped with aromatherapy pads, creating a soothing and customized climate experience
For instance, Popular models of portable neck fans include the JISULIFE with 360-degree rotation and aromatherapy, OPOLEMIN with powerful yet quiet leafless design, TORRAS Bladeless for a stylish look, and dual wind heads, O.T. Solvers with up to 16 hours of battery life, and WNIEYO's unique headphone-style design for lightweight and flexible use.
• Competition and Differentiation Hamper the Market Growth
Companies face challenges in standing out from their competitors. As numerous manufacturers enter the market, price wars and imitation products become prevalent, leading to decreased profit margins. Additionally, the absence of innovative features and unique selling points limits consumer interest, hindering market expansion. They must differentiate their products through unique designs, innovative features, competitive pricing, and effective branding strategies. This differentiation is crucial to attract consumers and gain a competitive edge in the market. Due to high competition and a lack of product uniqueness, the neck fan industry faces growth problems.
Neck Fan/Neck Band Fan Market Share (%) By Region, 2023
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Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Neck Fan/Neck Band Fan Market. The top 10 companies in this industry are listed below:
- Witsega Group
- Movsou (Movsou)
- Penkou(Penkou)
- Blaux Wearable Fan (Blaux)
- Arctic Air Freedom (Arctic Air Freedom)
- Torras(Torras)
- Amacool (Amacool)
- Comlife(Comlife)
- Shenzhen Jisu Technology Co., Ltd (JISULIFE)
- Ningbo Dooda Electronic Technology Co., Ltd. (Dooda)
Scope of the Report:
1. Neck Fan/Neck Band Fan Market - Overview
1.1. Definitions and Scope
2. Neck Fan/Neck Band Fan Market - Executive Summary
3. Neck Fan/Neck Band Fan Market - Comparative Analysis
3.1. Company Benchmarking - Key Companies
3.2. Global Financial Analysis - Key Companies
3.3. Market Share Analysis - Key Companies
3.4. Patent Analysis
3.5. Pricing Analysis
4. Neck Fan/Neck Band Fan Market - Start-up Companies Scenario (Premium)
4.1. Key Start-up Company Analysis by
4.1.1. Investment
4.1.2. Revenue
4.1.3. Venture Capital and Funding Scenario
5. Neck Fan/Neck Band Fan Market – Market Entry Scenario Premium (Premium)
5.1. Regulatory Framework Overview
5.2. New Business and Ease of Doing Business Index
5.3. Case Studies of Successful Ventures
6. Neck Fan/Neck Band Fan Market - Forces
6.1. Market Drivers
6.2. Market Constraints
6.3. Market Challenges
6.4. Porter's Five Force Model
6.4.1. Bargaining Power of Suppliers
6.4.2. Bargaining Powers of Customers
6.4.3. Threat of New Entrants
6.4.4. Rivalry Among Existing Players
6.4.5. Threat of Substitutes
7. Neck Fan/Neck Band Fan Market – Strategic Analysis
7.1. Value Chain Analysis
7.2. Opportunities Analysis
7.3. Market Life Cycle
8. Neck Fan/Neck Band Fan Market – by Product Type (Market Size – $Million/$Billion)
8.1. Bladed Neckbands
8.2. Bladeless Neck Bands
9. Neck Fan/Neck Band Fan Market – by Features (Market Size – $Million/$Billion)
9.1. Rechargeable
9.2. Non-Rechargeable
10. Neck Fan/Neck Band Fan Market – by Power (Market Size – $Million/$Billion)
10.1. Less Than 10-Watt
10.2. 10 Watt-20 Watt
10.3. More Than 20 Watt
11. Neck Fan/Neck Band Fan Market – by Price (Market Size – $Million/$Billion)
11.1. Low
11.2. Medium
11.3. High
12. Neck Fan/Neck Band Fan Market – by Distribution Channels (Market Size – $Million/$Billion)
12.1. Online
12.1.1. E-commerce platforms
12.1.2. Brand websites
12.2. Offline
12.2.1. Convenience Stores
12.2.2. Hypermarkets and Supermarkets
12.2.3. Electronics Stores
12.2.4. Departmental Stores
13. Neck Fan/Neck Band Fan Market – By End-User (Market Size – $Million/$Billion)
13.1. Outdoor Activities
13.2. Indoor Activities
13.3. Travel
13.4. Office and Works
13.5. Others
14. Neck Fan/Neck Band Fan Market – by Geography (Market Size – $Million/$Billion)
14.1. North America
14.1.1. U.S.
14.1.2. Canada
14.1.3. Mexico
14.2. Europe
14.2.1. UK
14.2.2. Germany
14.2.3. France
14.2.4. Italy
14.2.5. Spain
14.2.6. Russia
14.2.7. Rest of Europe
14.3. Asia-Pacific
14.3.1. China
14.3.2. India
14.3.3. Japan
14.3.4. South Korea
14.3.5. Australia & New Zealand
14.3.6. Rest of Asia-Pacific
14.4. South America
14.4.1. Brazil
14.4.2. Argentina
14.4.3. Chile
14.4.4. Colombia
14.4.5. Rest of South America
14.5. Rest of the World
14.5.1. Middle East
14.5.2. Africa
15. Neck Fan/Neck Band Fan Market – Entropy
16. Neck Fan/Neck Band Fan Market – Industry/Segment Competition Landscape Premium
16.1. Market Share Analysis
16.1.1. Market Share by Region – Key Companies
16.1.2. Market Share by Country – Key Companies
16.2. Competition Matrix
16.3. Best Practices for Companies
17. Neck Fan/Neck Band Fan Market – Key Company List by Country Premium Premium
18. Neck Fan/Neck Band Fan Market - Company Analysis
18.1. Witsega Group
18.2. Movsou
18.3. Penkou
18.4. Blaux Wearable Fan
18.5. Arctic Air Freedom
18.6. Torras
18.7. Amacool
18.8. Comlife
18.9. Shenzhen Jisu Technology Co., Ltd
18.10. Ningbo Dooda Electronic Technology Co., Ltd.
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The Neck Fan/Neck Band Fan Market is projected to grow at 5.6% CAGR during the forecast period 2024-2031.
Global Neck Fan/Neck Band Fan Market size is estimated to be $376 million in 2023 and is projected to reach $456 billion by 2031.
The leading players in the Neck Fan/Neck Band Fan Market are Philips N.V, Panasonic Corporation., Conair Corporation, Havells, Revlon Consumer Products Corp., Vega, Xiaomi, Tescom Co. Ltd, Valera, Andis Company, and Others.
The Neck Fan/Neck Band Fan market is expected to see several key trends in the future, including improved battery life and performance, enhanced ergonomic designs for comfort, integration with smart features like app control, and eco-friendly materials to meet sustainability demands.
The Neck Fan/Neck Band Fan market is driven by rising demand for portable cooling solutions, increased awareness of personal comfort in hot climates, and technological advancements.