The Latin America Kitchen Hood Market Outlook, 2026 report analyses market size and forecast of the market by product, country, and sales channel. 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.
With the economic slowdown in recent years, demand in the area is recovering, and there is considerable growth potential for the appliances in the longer term, especially in the low-penetrated categories. Globally, the region is the lowest contributor in the kitchen hood industry, with a market share of below 4% in the year 2020. This lowest contributing region is looked forward to being growing with an anticipated CAGR of 5.31% through the period of 2021-2026.
The region has a clear dominance of under cabinet segment, alike to the global trend. The segment accounted for a market value of USD 0.11 Billion in the year 2015. The best range hood for intense Latin cooking is a high-CFM hood with stainless steel baffle filters. Professional and outdoor hoods are the most powerful options, while wall-mounted and island hoods are highly customizable and versatile for such cooking. The ceiling mount segment in the region is expected to grow over a growth rate of 6.30%, reportedly the highest among the segments.
Prominent growth in the e-commerce business is also one of the positive influences of the outbreak, wherein companies are focusing on expanding their distribution networks to online channels to cater to the surging consumer demand. The offline segment accounted for revenue of 92% in 2020, while the online sales channel segment is to grow at a CAGR of 13% through the forecasted period.
Brazil is the largest kitchen hood market in the Latin American region, where a few large manufacturers account for the least share of the market. Latin America is a highly urbanized region for a developing market. Brazil's economy grew moderately in 2019, as consumption decreased for household appliances in the market, despite slashed credit rates. In 2020, Brazil accounted for a market share of 40% of the Latin America Kitchen Hood market. Smart technology and voice activation continued to drive the market of appliances. Kitchen hood in Mexico continued to grow positively despite the uncertain economic environment.
This report forecasts revenue growth at regional and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2026. For this study, the publisher has segmented the Latin America Kitchen Hood Market report based on product, distribution channel, and region.
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
3.2.1. By Product Type
3.2.2. By Sales Channel
3.2.3. By Region
3.2.4. By Country
3.2.5. By Company
4. Latin America Kitchen Hood Market Outlook
4.1. Market Size by Value
4.2. Market Share
4.3. Brazil Kitchen Hood Market Outlook
4.3.1. Market Size by Value
4.3.2. Market Share by Product Type
4.4. Argentina Kitchen Hood Market Outlook
4.5. Columbia Kitchen Hood Market Outlook
5. Market Dynamics
5.1. Key Drivers
5.2. Key Challenges
6. Market Trends and Developments
6.1. Artificial Intelligence
6.2. Alarm Feature
6.3. Dishwasher-Safe Baffle Filters
6.4. Environmental Variability
7. Company Profiles
7.1. Asko Appliances
7.2. Broan Inc
7.3. BSH Home Appliances
7.4. Elica S.P.A
7.5. Faber S.P.A
7.6. Falmec S.P.A
For more information about this report visit https://www.researchandmarkets.com/r/3v2unk
View source version on businesswire.com: https://www.businesswire.com/news/home/20210728005498/en/
Laura Wood, Senior Press Manager
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