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Despite being the highest contributor to the global market, North America Kitchen Hood Market to grow merely at 3.62%.: Bonafide Research
May, 22
2021

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Despite being the highest contributor to the global market, North America Kitchen Hood Market to grow merely at 3.62%.: Bonafide Research

 

north-america-kitchen-hood-market-2026
The North America kitchen hood market is thriving, due to the potential, it holds to grow and address consumer’s needs. Consumers are giving more preference to purchase the products, which are efficient and consume less power. The global market leading region is likely to witness market growth of over 3.6% between the period 2021-2026. The products with multi-utility features, which look simple yet fashionable than the usual ones, and which are aesthetically pleasing are gaining more significance. These products are widely appreciated by the consumers, as the majority of customers are youths in the region. The report North America Kitchen Hood Market by Bonafide Research provides information such as company profiles, product details, and specifications, manufacturing location, revenue, and contact information. The research provides deep insights into the leading Kitchen Hood industry trends. It shares comprehensive data on all aspects and an all-inclusive study of all the segments, categories along with regional and country analysis.
Among the different types of kitchen hood in the region, the under cabinet segment leads the market with the highest market value of USD 1.20 Billion in 2020. Notably, the most important benefit of a range hood is that it removes potentially toxic pollutants and gasses from the air in the kitchen. Because of the built-in feature of a fan blower, range hoods are designed to suck away the excess heat produced by stoves and heaters. As with smoke and airborne toxins, heat is removed through the vent, which helps keep the kitchen at a somewhat cooler temperature. Consumers of this region prefer to use advanced products that consume less energy. Companies in North America are working on product development strategies that support product demand. The US based company, North American Kitchen Solutions, Inc. launched a product namely UL710 Type 1 hood. This product operates without a factory cut duct connection, which reduces operational cost.
The influence of social media on consumer’s decision-making process, before purchasing a product or goods, has been increasing. Social network users are using social media, to find product reviews and information before purchasing any products. Moreover, the majority of the users prefer to share their reviews about the products on different social networking sites after using them. Even though the offline sales channel has a dominance of over 88% in 2020, the online sales channel segment is likely to grow over an anticipated CAGR of 9% through the forecasted period.
Environmentally friendly appliances are gaining considerable significance in recent times, with an increasing focus on initiatives, in order to control global warming by both the government and buyers. Replacement sales are driven by the products with enhancing quality standards, less power consumption, less or limited harmful emissions, technology advancements, better wireless goods, ease of access, and in-built and chargeable inventor have been the most prominent revenue form for manufacturers. The US made the largest contribution with a revenue share of over 80% in 2020. A continuous increase in the number of households, coupled with major home improvement projects undertaken by consumers in the country, is boosting the demand for range hoods.
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, Bonafide Research has segmented the North America Kitchen Hood Market report based on product, distribution channel, and region.