1. BSH Home Appliances Manufacturing Private Limited
2. Panasonic Corporation
3. Samsung Electronics Co., Limited
4. Asko Appliances
5. Broan Inc.
People are replacing their old exhaust fans with the range hoods because they are more efficient in the ventilation process. Thus, the requirement to efficiently minimize the excess heat emitted from the kitchen and the rising demand for modern home appliances, which helps in effective and convenient cooking habits are raising the installation because they have the capability to remove smoke and odor via baffle and mesh filters. The growth of range hood market is attributed to the technological improvements and the increasing usage of loT technology in range hood devices. The key manufacturers are turning their attention towards creating more advanced gadget due to the increasing consumer preference for various smart features like noise reduction, installation of temperature, wireless connectivity, optic, and infrared sensors, in various kitchen appliances. According to the Actual Market Research, “Europe Kitchen Hood Market, Research Report 2027” it is expected to grow at CAGR value of 4.07% in the forecast period. In 2021, the market value of was worth USD 2.45 Billion. The most popular tourist destinations in Europe, including Germany, France, and Italy, are expected to account for a sizable portion of the market. This is driving demand for new hotels. Fast food consumption among young people is on the rise, which is driving the food business and supporting kitchen hood eateries. Due to the popularity of fast food and the propensity to eat out, Italy and Portugal appear to be the markets with the quickest growth. Due to their flexibility to be customized based on client preferences and the freedom of location, ready-to-install cabinets in modular kitchens are now the hottest trend on the market. Additionally, the European Union implemented strict rules for food safety and cleanliness, which encourages consumers to use energy-efficient equipment. The market is highly competitive. The majority of commercial range hoods are used in conjunction with fresh air blowers, which pull in outside air and circulate it while the hood may suck away cooking pollutants. The majority of range hoods have filtering systems that remove particles and grease that have been trapped. The key factor fueling the expansion of the kitchen hood market in the Europe area is the switch to more modern, energy-efficient, and technologically advanced appliances. Europe market has witnessed to have market for kitchen of various types since Kitchen hoods are more effective at ventilation than old exhaust fans, people are replacing them. Therefore, the need to effectively reduce the excess heat emitted from the kitchen and the growing popularity of modern home appliances that support efficient and practical cooking practices are driving up installation costs because they have the ability to eliminate smoke and odor via baffle and mesh filters. Europe is estimated to capture a large industry share in the market following Germany, France, and Italy have the most prominent tourist destinations which are fuelling the demand for the new hotels. Growing trends among the youth of consuming fast food have led to propel the food industry which further supports the adoption of kitchen hood restaurants. Italy and Portugal are seemed to be the fastest-growing markets as there is hype in the consumption of fast foods and the tendency to eat away from homes. Ready-to-install cabinets in modular kitchens are prevailing as the latest trend in the market as they have the capability of customizing according to the customer preferences providing the freedom of placement. The European government also imposed some stringent regulations on food safety and hygiene which draws the consumer attention towards the usage of efficient appliances. Competition in the market is very high. The development of loT technology and advancements in technology are credited with driving the market growth for range hoods. Due to consumers' growing appreciation for different smart features, such as noise reduction, the installation of temperature, wireless connectivity, optic, and infrared sensors in various kitchen appliances, major manufacturers are focusing on developing more modern gadgets. European brands mostly market as a combo to gain a better edge in the market in both the channels. The online sales channel is likely to grow with an anticipated growth but the market share in 2021 ha around more than 10%, while the offline market would be still dominating with a market share. The presence of a large number of companies who are offering various efficient products that are technically equipped with features such as automatic control, internet connectivity, high energy efficient feature, etc., are driving the demand for kitchen products in the market. COVID-19 IMPACT Due to the ongoing COVID-19 pandemic, which has affected the Europe kitchen hood market, there have been limits on housing and development projects, and lockdown measures have reduced new purchases as a result of the unstable state of the economy. However, given the shifting circumstances and consumer attitudes regarding the pandemic, it is projected that the purchasing power parity would recover within the projection period. Major Companies: Asko Appliances, Broan-nuTone, BSH Home Appliance, Elica S.P.A, Faber S.P.A, Falmec S.P.A, Samsung Electronics Co. Ltd, Miele Inc, Panasonic Corporation, Whirlpool Corporation, Fotile Overseas Kitchen Appliances, Viking Range, LLC and LG Electronics. Considered in this Report: • Geography: Europe • Historic year: 2016 • Base Year: 2021 • Estimated year: 2022 • Forecast period: 2027 Aspects covered in this report • Europe Kitchen Hood market with its value and forecast along with its segments • Country-wise kitchen hood market analysis • Various drivers and challenges • Ongoing trends and developments • Five force models • Top profiled companies • Strategic recommendation Countries covered in the report • Germany • UK • France • Spain • Russia • Italy Segments covered in the report By Product • Under Cabinet • Wall cabinet • Ceiling mount • Others By Sales Channel • Online • Offline By Application • Residential • Commercial The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering, the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started, verifying the details obtained from secondary sources. Intended audience This report can be useful to Industry consultants, manufacturers, suppliers, associations & organizations related to pet care products industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.