Global kitchen hood market is expected to grow over an anticipated CAGR of 4.9%
Global Kitchen Hood Market Overview report beings from 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 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.
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.
The concentration degree of the Kitchen Hood industry is not high, with North America leading with a market share of 33.93% in the year 2020. Quick adoption of advanced technologies in the 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.
Key Topics Covered:
1. Executive Summary
2. Report Methodology
3. Global Kitchen Hood Market Outlook
3.1. Market Size by Value
3.2. Market Share
4. North America Kitchen Hood Market Outlook
4.1. Market Size by Value
4.2. Market Share
4.2.1. By Product Type
4.2.2. By Sales Channel
4.2.3. By Country
4.3. US Kitchen Hood Market Outlook
4.4. Canada Kitchen Hood Market Outlook
4.5. Mexico Kitchen Hood Market Outlook
5. Europe Kitchen Hood Market Outlook
6. Asia-Pacific Kitchen Hood Market Outlook
7. Latin America Kitchen Hood Market Outlook
8. Middle East & Africa Kitchen Hood Market Outlook
9. Market Dynamics
9.1. Key Drivers
9.2. Key Challenges
10. Market Trends and Developments
10.1. Artificial Intelligence
10.2. Alarm Feature
10.3. Dishwasher-Safe Baffle Filters
10.4. Environmental Variability
11. Company Profiles
11.1. Asko Appliances
11.2. Broan Inc
11.3. BSH Home Appliances
11.4. Elica S.P.A
11.5. Faber S.P.A
11.6. Falmec S.P.A
For more information about this report visit https://www.researchandmarkets.com/r/dw8b1s
View source version on businesswire.com: https://www.businesswire.com/news/home/20210804005567/en/
Laura Wood, Senior Press Manager
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