Global Range Hood Market by Key Players, Countries, Segments and Application, Forecast to 2027

Increasing concerns regarding food safety and hygiene around the world are driving the range hood market growth. Development of new restaurants and hotels in Europe and Asia Pacific is fueling product demand. Several restaurant owners are using kitchen hoods in order to follow food safety and restaurant hygiene guidelines put forth by local governments.

Range hoods are generally installed in commercial and residential kitchens for the removal of fumes, heat, smoke, airborne grease and combustion products. Although the recent COVID-19 pandemic induced lockdown have caused restaurants, hotels and cafes to shut down operations temporarily, estimates suggest that the range hood industry could grow substantially owing to the revival of the economy after the pandemic.

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Given to rising significance and demand, firms operating in the range hood market are developing new products that are rigged with advanced features. For instance, in 2018, major electronic goods company, Panasonic Corporation launched its new and enhanced chimney type range hood having modern features including an electronic soft-touch glass panel and a smoke duct adaptor. With such advancements, Global Market Insights, Inc., estimates that the range hood market may record over USD 9.5 billion by 2026.

Based on product, the range hood market is divided into ceiling mount, wall mount and under cabinet. Of these, the ceiling mount range hood segment is experiencing significant growth owing to increasing consumer inclination towards modular kitchens. Ceiling kitchen hoods are mainly made for modular kitchens with the nob or stove positioned in the middle of the kitchen, allowing multiple users to cook simultaneously. These hoods are available in various colors, shapes, materials and sizes, which is boosting their popularity in modern kitchens.

In terms of application, the range hood business is bifurcated into residential and commercial. Out of these, the residential segment is anticipated to register the highest market share over the forecast period on account of the shifting preferences of consumers towards modern, advanced kitchen cleaning appliances over traditional cleaning systems like fans.

On a regional standpoint, North America range hood market is witnessing increasing demand owing to the implementation of stringent government regulations on food safety and hygiene in hotels and restaurants.

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While the global range hood market consists of firms such as Asko Appliances, KOBE Range Hoods, Zephyr Ventilation, Faber S.p.A, Broan Inc., Vent-A-Hood, Viking Range, LLC, Panasonic Corporation, Windster Hoods, CaptiveAire Systems, Fotile Overseas Kitchen Appliance, BSH Group, Samsung Electronics, Elica S.p.A, Miele, Inc., and Whirlpool Corporation. These companies are adopting different business strategies such as new product development and geographical expansions in order to enhance their market position.

ToC:

Chapter 1. Methodology and Scope

1.1.    Definitions & forecast parameters

1.1.1. Definitions

1.1.2. Methodology and forecast parameters

1.2.    Data Sources

1.2.1. Secondary

1.2.2. Primary

Chapter 2. Executive Summary

2.1.    Range hood industry 360° synopsis, 2015 – 2026

2.1.1. Business trends

2.1.2. Product trends

2.1.3. Application trends

2.1.4. Distribution channel trends

2.1.5. Regional trends

Chapter 3. Range Hood Industry Insights

3.1.    Industry segmentation

3.2.    Impact of COVID-19 on range hood industry landscape

3.2.1. Global outlook

3.2.2. Regional impact

3.2.2.1.    North America

3.2.2.2.    Europe

3.2.2.3.    Asia Pacific

3.2.2.4.    Latin America

3.2.2.5.    MEA

3.2.3. Industry value chain

3.2.3.1.    Research & development

3.2.3.2.    Manufacturing

3.2.3.3.    Marketing

3.2.3.4.    Supply

3.2.4. Competitive landscape

3.2.4.1.    Strategy

3.2.4.2.    Distribution network

3.2.4.3.    Business growth

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