The global demand for Kitchen Hood Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
A kitchen hood is a type of mechanical device consisting of a fan that is installed above the stove or cooktop in the kitchen. It supports eliminating the combustion product, fumes, smoke, airborne grease, heat from the evacuation of air, and filtration. It broadly finds its application in the residential and commercial sectors such as houses, flats, restaurants, and others. The device is known as an extractor hood in the U.K. and Singapore, as a range hood in Canada and the U.S., and as a range hood in New Zealand and Australia. It is also known as kitchen hood, stove hood, exhaust hood, cooker hood, vent hood, or ventilation hood.
Market Dynamics
The expansion of food chains across the globe is driving the growth of the market. In addition to this, the growing working population globally is expected to upsurge kitchen hood usage among residential consumers. Apart from this, many governments of different countries have stringent regulations regarding the cleanliness of food manufacturing companies. Further, these devices have added features such as heat reduction, air quality maintenance, and safety, which is expected to drive the market over the forecast period. Major companies are offering their product through e-commerce to increase their sales. Rising online shopping trends across the globe are also estimated to boost the demand. The introduction of IoT-based products and innovations in products is ready to create a new market opportunity. However, high maintenance cost and availability of alternative product at a lower price are expected to hinder the market growth in the upcoming years.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of kitchen hood. The growth and trends of kitchen hood industry provide a holistic approach to this study.
Market Segmentation
This section of the kitchen hood market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product Type
- Under Cabinet
- Wall Mounted
- Ceiling Mount
- Others
By Distribution Channel
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Kitchen Hood market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Kitchen Hood Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the kitchen hood market include Asko Appliance, Broan, Inc., BSH Home Appliances Corporation, Elica S.p.A, Faber S.p.A., Falmec S.p.A., Miele, Inc., Panasonic Corporation, Samsung Electronics and Whirlpool Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
METHODOLOGY:
This market research report has been produced by gathering information based on primary and secondary research. Secondary research has been done using various sources, including (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. Additionally, our team conducts extensive primary research with key industry participants to gather first-hand data. The data is then analyzed and validated by industry experts.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.