South America Kitchen Hood Market Outlook, 2029

In South America, the market for range hoods, which give customers quick and free access to this equipment, is expanding in Brazil as a result of falling inflation rates and cheap loan rates. Brazil's cities are seeing an increase in the number of tiny households and rental homes, which has changed customer preferences as manufacturers adapt range hood designs to meet the demands. Mexico also exports a lot of goods because to its advantageous location. Range hood demand is anticipated to increase as kitchen renovation becomes a more popular trend nationwide. Manufacturers who minimize noise via the use of filtration system motors and several layers are also expected to support market expansion. Range hood installation has been imposed by the government's strict rules surrounding cleanliness and hygiene in fast food chains and restaurants, which is also fueling the market's expansion. Additionally, these gadgets provide other benefits like heat reduction and air quality maintenance. The availability of inexpensive substitutes is limiting market expansion. According to the Bonafide Research, “South America kitchen hood market outlook, 2029” the market is expected to have CAGR value of 5.18% in the forecast period. In 2023, the market value was worth USD 0.31 Billion. The main primary growth driver is the high penetration of modular kitchens with the increase in house renovation. The industry is seeing a large increase in demand for range hoods due to the rise of commercial and residential building. In South America, Brazil has the biggest kitchen hood market, with the smallest market share held by a few of major producers. For a market that is still expanding, South America is a heavily urbanized region. Brazil's economy expanded marginally in 2019 amid lower market demand for home appliances and lower loan rates. 40 percent of the South American Kitchen Hood market in 2020 was accounted for by Brazil. The market for appliances was still driven by voice activation and smart technologies. Despite the unstable economic situation, the kitchen hood industry in Mexico kept expanding favourably.

COVID-19 IMPACT Many customers are depending on common kitchen equipment more frequently, which restrains market expansion. Stay-at home orders on the market have been badly impacted by the COVID-19 epidemic. Due to the epidemic, many Americans are becoming more dependent on their home appliances, which will impede market expansion. Major Companies: Asko Appliances, Broan-nuTone, BSH Home Appliance, Elica S.P.A, Faber 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.

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Manmayi Raval

Research Consultant

Considered in this Report: • Geography: South America • Historic year: 2018 • Base Year: 2023 • Estimated year: 2024 • Forecast period: 2029 Aspects covered in this report • South America Kitchen Hood market with its value and forecast along with its segments • Country-wise kitchen hood market analysis • Various drivers and challenges • Ongoing trends and developments • Five force models • Top profiled companies • Strategic recommendation Countries covered in the report • Brazil • Argentina • Mexico

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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.