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In use since the 12th century, kitchen hood market, with different names & international players is to grow at approx 5% in 2022-2027.: Actual Market Research
May, 22
2021

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In use since the 12th century, kitchen hood market, with different names & international players is to grow at approx 5% in 2022-2027.: Actual Market Research

 

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While the use of industrial chimneys dates to the Romans, domestic chimneys only appeared in the 12th century in larger homes, becoming more common in the 16th and 17th centuries. Chimneys have come a long way since, from the old architectural ventilation structures to today’s modern electric kitchen chimney. In most exhaust hoods, a filtration system removes grease and other particles. Although many vent hoods exhaust air to the outside, some recirculate the air to the kitchen. In a recirculating system, filters may be used to remove odours in addition to the grease. The device is known as an extractor hood in the United Kingdom and Singapore, as a range hood in Canada and the United States, and as a range hood in Australia and New Zealand. It is also called a stove hood, cooker hood, vent hood, or ventilation hood. Other names include cooking canopy, extractor fan, fume extractor, and electric chimney. The Global Kitchen Hood Market Research, 2022-2027 report by Actual Market Research beings from an overview of industry structure, and analyses market size and forecast of the market by product, region, sales channel, and company. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report. The trend growth to keep the kitchen well-managed, clean, and elegant looking space is to allow the market to grow over an anticipated CGAR of 4.5%. 

The key players in the global kitchen hood market are Elica, Faber, BSH Home Appliances, Falmac, Asko Appliance, Broan Inc., among others. There are quite a few manufacturers in the world, and high-end products mainly from Germany, America, Italy, and China. Italy has a long history and unshakable status in this industry, like Elica and Faber, though it is a part of FRANKE now, both have the perfect design. As to Germany, the Bosch Group has become a global leader, which has two main brands- Bosch and Siemens, and several special brands, such as Thermador. Hong Kong is the biggest export market of China, more than 80% of kitchen hoods are from China mainland. On the developed market, like America, Canada, Germany, and France, Italy is the empire. Mexico also has a large number of exports due to its geographic advantage.

North America accounted for the highest range hood market share in 2021, and is projected to expand further at a steady CAGR from 2022 to 2027. Quick adoption of advanced technologies in the region and resultant demand for connected and smart devices are the market drivers. The increased need for convenient cleaning solutions due to the growing number of working individuals, especially in developing countries like India and China, is also driving the product demand. By the end of the forecasted period, Latin America along with Middle East & Africa regions together is likely to cross over a market share of 12%. The population growth, technology infiltration, rising purchasing power, and the people's improving lifestyle trends are some of the critical factors on the requirements and purchase decisions. South Africa is at a low-level value and volume of home appliances, but it is expected to be one of the fastest-growing markets in the future.

The online distribution channel of home appliances has quite a low market share, but it is the fastest-growing segment, on account of the rising awareness among the people about the advanced and convenient buying platforms. Vendors have been working to improve their e-commerce presence because of rapid growth in the sales of appliances through internet retailing. Smart kitchen hoods are to display increasingly popular with millennial consumers. Players have also been innovating, in terms of the energy efficiency of their model, to meet the rising demand. Consumers have been becoming more aware of energy consumption and are getting educated about energy ratings by various players in the market. Players are also promoting their brands in combination with mass retailers.