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Global Kitchen/Range Hood Market Research Report, 2022-27

Global Kitchen/Range Hood Market Research Report, 2022-27

Actual Market Research 05-08-2022 82 Pages Figures : 19 Tables : 32 Category : Consumer Goods & Services Appliances & Equipment

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1. BSH Home Appliances Manufacturing Private Limited

2. Panasonic Corporation

3. Samsung Electronics Co., Limited

4. Asko Appliances

5. Broan Inc.

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Kitchen Hood or Range hood is popularly known as chimney that is meant to expel hot exhaust gases from living spaces to outside. Traditional chimneys were designed to be vertical so that hot gases, being dense than the outside air, would rise into the chimney. The rising hot air would create a difference of pressure, thus drawing combustion air in and expelling the exhaust out. The Global Kitchen Hood Market Research Report, 2022-2027 report by Actual Market Research beings from Research Report of industry structure, and analyses market size and forecast of the market by product, region, sales channel, and company. Based on the report, the market stood around USD 8.3 Billion which is anticipated to reach around USD 11 Billion during the forecast period, registering CAGR of more than 4.5%. 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 global range hood or cooktop market is segmented based on product type, application, mode of sale, and geography. On the basis of product type, the range hood market is classified into wall mount hoods, under cabinet type hoods, ceiling mount hoods, and others. By mode of sale, the market is divided into online and offline sales. Geographically, it is studied across North America, Europe, Asia-Pacific, and Latin America, and the Middle East & Africa. The range hood and cooktop market is driven by high disposable income, better infrastructural facilities, and a rise in demand for cleaning appliances for household kitchens. The trend growth to keep the kitchen well-managed, clean, and elegant looking have also been major drivers of the global range hood and cooktop market. The wall mount product segment is anticipated to expand at over 5.6% CAGR through 2026. Under cabinet hood is the most widely used product type owing to its easy installation and affordability and compatibility with different kitchen designs. On the other hand, high maintenance costs and availability of substitutes, such as exhaust, are anticipated to hamper the growth of the market. However, the manufacturers are focusing on product development and cost reduction, which will support product demand. Manufacturers are focusing on developing innovative devices owing to consumer preference for smart features, such as noise reduction, wireless connectivity, and installation of temperature, optic, and infrared sensors, in the products. The offline distribution channel segment accounted for the highest market share since 2012. It is further expected to maintain its leading position throughout the forecast period due to the availability of a wide variety of products to choose from and the advantage of checking the products before buying. Moreover, the majority of the leading companies have their specialty stores across the globe, which contributes to the segment growth. Quick adoption of advanced technologies in the North America region and resultant demand for connected and smart devices, especially in countries, such as Canada and Mexico, are the key market drivers. Increasing consumer spending capacity and high demand due to increasing awareness about the product benefits are accelerating the growth of the market in the Asia Pacific region. Moreover, with rapid urbanization and the popular trend of small and compact homes in the region, consumers prefer convenient kitchen designs, such as modular patterns, which are expected to drive the demand further. The key players in the global kitchen hood market are Elica, Faber, BSH Home Appliances, Falmac, Asko Appliance, Broan Inc., among others. Major Companies: Asko Appliances, Broan-NuTone, BSH Home Appliances, Elica S.P.A, Faber S.P.A, Falmec S.P.A, Samsung Electronics Co., Ltd, CaptiveAire Systems, Inc., Miele, Inc., Panasonic Corporation, Whirlpool Corporation, Fotile Overseas Kitchen Appliances, Vent-A-Hood, Viking Range, LLC, LG Electronics Considered in this Report: • Geography: Global • Historic year: 2016 • Base Year: 2021 • Estimated year: 2022 • Forecast period: 2027 Aspects covered in this report • Global Kitchen Hood market with its value and forecast along with its segments • Region and Country-wise kitchen hood market analysis • Various drivers and challenges • Ongoing trends and developments • Five force models • Top profiled companies • Strategic recommendation Regions & Countries covered in the report • North America (USA, Canada, Mexico) • Europe (UK, France, Italy, Germany, Spain) • Asia-Pacific (Japan, Australia, China, India) • Latin America (Brazil, Argentina, Colombia) • Middle-East & Africa (UAE, Saudi Arabia, Qatar, South Africa) 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.

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