Bharat Book Bureau Provides the Trending Industry Research Report on “Global Kitchen Hood Market Overview, 2020-26” under Consumer Goods Market Research Report. The report offers a collection of superior Industry research, Industry analysis, competitive intelligence and Industry reports.
Kitchen Hood or Range hood is popularly known as chimney are meant to expel hot exhaust gases from living spaces to outside. Traditional chimneys were designed to be vertical so that hot gases, being dense than the outside air, would rise into the chimney. The rising hot air would create a difference of pressure, thus drawing combustion air in and expelling the exhaust out. The Kitchen Hood Market Research 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. Geographically, it is studied across North America, Europe, Asia-Pacific, and Latin America, and the Middle East & Africa. With many factors in support of the market growth, the global kitchen hood market is expected to grow over an anticipated CGAR of 4.9%.
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.
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, kitchen hood Market Research Report has segmented the Global Kitchen Hood Market report based on product, distribution channel, and region:
CONSIDERED IN THE REPORT
Base year: 2020
Historical year: 2015
Forecasted year: 2026
Middle East & Africa
ASPECTS COVERED IN THE REPORT
Market Size By Value for the time period (2015-2026F)
Market Share by Type (Wall Mount, Under Cabinet & Ceiling)
Market Share by Sales Channel (Online & Offline)
Market Share by Region
Market Share by Country
Market Share by Company
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