Report

Range Hood Market By Product (Ceiling mount, Wall mount, Under cabinet, Others); By Application (Residential, Commercial); By Distribution Channel (Direct selling, E-commerce, Others) Global Opportunity Analysis and Industry Forecast To 2030

  • Publish Date: Jul,2022
  • Report ID: QI038
  • Page : 200
  • Report Type : PDF (Email)
The global range hood market size was US$ 15,698 million in 2021. The global range hood market size is forecast to reach US$ 26,508 million by 2030, growing at a compound annual growth rate (CAGR) of 6.2% during the forecast period from 2022 to 2030.

The most crucial kitchen appliance is a range hood since it filters out disruptive, toxic, and even fatal contaminants. In order to remove cooking-related air pollution, it is composed of a canopy or other sort of capture area as well as a blower or fan motor. The range hood preserves the cleanliness of the air in the kitchen and makes cleaning considerably easier by catching and getting rid of contaminated air at the source. There are many different designs and styles of kitchen range hoods, and they can be divided into five main sorts or groups. These include range hood inserts, under cabinet hoods, wall-mounted hoods, island hoods, and hoods of professional quality.

Factors Influencing Market Growth
Among the factor driving the global market include a rise in the number of quick-service restaurants and the food service industries.

Consumers are likely to spend more on modular home constructions due to the growing demand for effective storage and space-saving that maximizes floor usage in compact places fueling the global market growth.

Rising urbanization and growing government initiatives to remodel aging urban residential buildings boost the global market growth.

Increased initial costs and low consumer awareness in smaller countries may slow down the overall market growth.

Impact Analysis of COVID-19
Due to the COVID-19 outbreak, range hood sales 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 of 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 capacities.

Regional Analysis
North America garnered the maximum market share in 2021 and is forecast to have substantial growth during the forecast period. As a result of the growing adoption of modern technologies, and the increasing demand for interconnected smart devices. In addition, rising disposable income, a rejuvenating economy, household appliances becoming less costly, new incremental advancements boosting demand for new appliances, and real estate growth. Additionally, working-class people prefer specialized kitchen gadgets that cook food faster, creating life easier and more efficient. Thus, these factors drive the market growth in the region.

Leading Competitors
The leading prominent companies profiled in the global range hood market are:
Asco Appliances
BSH Home Appliances Corp.
Brogan, Inc.
Miele, Inc.
Faber S.p.A.
Falmer S.p.A.
Leica S.p.A.
Whirlpool Corp
Samsung Electronics
Panasonic Corporation
Futile Overseas Kitchen Appliances
Captive Aire Systems
Other Prominent Players

Scope of the Report
The global range hood market segmentation focuses on Product, Application, Distribution Channel, and Region.
Segmentation based on Product
Ceiling mount
Wall mount
Under cabinet
Others
Segmentation based on Application
Residential
Commercial
o Hotels
o Restaurants
o Cafes
Segmentation based on Distribution Channel
Direct selling
E-commerce
Others
Segmentation based on region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

Meta Title: Range Hood Market Size, Share, Insight and Forecast 2022 To 2030
Meta Description: Global Range Hood Market is projected to reach US$ 26,508 million by the end of 2030 from US$ 15,698 million in 2021, at a CAGR of 6.2%
Meta Keywords: range hood market Size, range hood market share, range hood market trend, range hood market Forecast, range hood market insight