Global Kitchen Hood Market Outlook, 2027

The rising demand for efficient storage & space-saving that optimizes floor usage in small spaces has led consumers to spend more on modular home constructions. Consumers are installing advanced range hood systems in smart kitchens to enhance aesthetics and the overall home comfort, creating robust growth opportunities. Companies are introducing systems with integrated IoT technologies to improve the overall house connectivity. Growing urbanization coupled with increasing government initiatives to renovate aging urban residential buildings will impact the industry statistics. The availability of low-cost exhaust fan systems is hampering the range hood market growth. Window fans are primarily gaining popularity in residential applications on account of their low cost and ability to effectively draw smells, steam, and smoke out of the kitchen, challenging market expansion. According to the Bonafide Research, “Global Kitchen Hood market Outlook, 2027” it is expected to grow at CAGR value of 4.86% by the forecast period and In 2021 the market size was valued to be worth of USD 8.349 Billion.Consumer spending on modular house building has increased as a result of the growing need for effective storage and space-saving that maximises floor utilisation in compact places. In order to improve aesthetics and general home comfort, consumers are installing sophisticated range hood systems in smart kitchens, which is fueling significant development potential. Systems with integrated IoT technologies are being introduced by businesses to enhance total home connectivity. The statistics for the business will be impacted by expanding urbanisation and rising government measures to rehabilitate outdated urban residential structures.

The market for home appliances, which includes kitchen equipment, is expanding as a result of the economy's improvement and the rise in disposable income. The main influences on consumer choices, particularly in Global where people are embracing western culture, are an improved lifestyle and an increase in purchasing capacity. Major kitchen equipment like cooktops and range hoods have become a necessary component of daily life. Customers with large amounts of discretionary cash have purchased various products, including luxury and smart appliances.Urban families' total demand for these kitchen equipment has grown due to an increase in contemporary technology knowledge and their willingness to pay for comforts that make tasks easier and improve user experience. Thus, it is anticipated that a higher standard of life, a rise in the desire to simplify everyday tasks, and an increase in discretionary money would accelerate the penetration of cutting-edge items in the range hood and cooktop markets. During the projected period, this is anticipated to fuel market expansion for range hoods and cooktops. On the other hand, the market is propelled toward expansion and development by the consistently rising gross national income (GNI) of each particular country and area, as seen below. The growing number of restaurant chains throughout the world is propelling the range hood industry forward. Foodservice establishments like to install advanced range hoods due to their ease of cleaning. The major function of the range hood is to improve kitchen indoor air quality. Hoods are used in the kitchen to keep odours, oil, dust, and other contaminants out of the air. Unclean air is drawn in by a motorized fan and either ejected or cleaned and recirculated. Without a range hood, anyone and their families will be forced to breathe in the following meals, potentially irritating their eyes, nose, and throat. Vent hoods also help to prevent carbon monoxide poisoning. According to research, carbon monoxide concentrations in kitchens are enhanced when the stove is operated without the range hood switched on. For instance, manufacturers use multiple insulation layers, sound absorbing base, and filtration system motors to reduce noise. This factor is also likely to contribute to the market growth. In addition, changing lifestyles due to busy work schedules along with increasing number of hotels and food chains, particularly in developing countries like India and China, are driving the market. By region wise, the North America tends to have the majority of the market share and is also dominating. It is also generating the market revenue. By product, out of under cabinet, wall mounted, celling mount, others products like downdraft, range hood inserts are expected to have grown at rapid pace. It is by forecast period, it is expected to have dominating market in the future. By sales channel, the online is also expected to have more sales in the forecast period. By applications, residential and commercial, residential had the highest share in as of 2021. And it is also expected to have huge growth.

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Manmayi Raval

Research Consultant

COVID-19 Impact The range hood business was only little impacted by the COVID-19 epidemic. During the first half of 2020, the market saw a decline in sales as a result of consumer choice shifts toward buying necessities and financial uncertainties. But with important markets throughout the world reopening and an increase in home remodeling initiatives, the demand for range hoods has been on the rise.Due to the COVID-19 epidemic, sales of cooktops and range hoods substantially decreased. Reduced consumer spending on these types of appliances during the pandemic as a result of issues like uncertain employment and lower purchasing power was one of the main causes for the loss of sales. Along with closing their retail outlets, large enterprises in the kitchen equipment sector were either reducing or ceasing entirely their production capacity. 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, captiveAire system, Inc, Vent-A-hood. Considered in this Report: • Geography: Global • Historic year: 2016 • Base Year: 2021 • Estimated year: 2022 • Forecast period: 2027

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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 and 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, analysing 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.