Range Hood: Introduction
- Range hood is a device that has a mechanical fan which hangs above the cooktop or stove. Range hoods remove combustion products, smoke, fumes, airborne grease, steam, and heat from the air by clearing of the air and filtration.
Key Drivers of the Global Range Hood Market
- Increasing number of food chains globally is driving growth of the kitchen hood market. Food chain companies prefer to install advanced kitchen hoods for its easy cleaning ability.
- Rising working population at the global level is expected to boost the usage of this product among residential consumers. Governments of different countries have stringent regulations pertaining to the cleanliness of food manufacturing companies. Furthermore, these devices have added features such as maintenance of air quality, heat reduction, and increased safety, which is likely to drive the market in the next few years.
- Increasing consumer spending through online distribution channels is also likely to propel market growth. Key companies are offering their products through online and offline channels to increase their customer base.
Rising Demand for Smart Kitchen Devices to Create New Market Opportunities
- Innovations in the kitchen products industry is set to create new avenues in the range hood market. Companies are introducing IoT based products with advance features. Furthermore, consumer demand for smart features, including wireless connectivity, noise reduction, and temperature control, is expected to encourage market growth.
Are you a start-up willing to make it big in the business? Grab an exclusive PDF Brochure of this report
Availability of Low Cost Alternatives to Hamper the Global Range Hood Market
- Maintenance cost of range hood products is very high. Moreover, suitable alternative products including exhausts are available at a cheaper price. This factor will slow down the market growth in the coming years.
Asia Pacific the Dominant Market Set to Expand at a Higher Pace
- Asia Pacific is estimated to be the fastest growing region of the global range hood market. The rising working population is investing in advanced kitchen equipment. Furthermore, rising disposable income in developing economies such as China and India is expected to boost the market growth in the near future.
- North America is the largest market for kitchen hood products. Consumers of this region prefer to use advanced products that consume less energy. Companies in North America are working on product development strategies which support product demand. U.S. based company, North American Kitchen Solutions, Inc. launched a product namely UL710 Type 1 hood. This product operates without a factory cut duct connection, which reduces operational cost.
Key Players Operating in the Global Market
Competition in the global range hood market is very high. Large number of small and large scale players are present in the market. Companies are opting for various strategies to expand their market share including merger & acquisition, and product innovation and development. For example, India based company Faber started offering chimneys without filter. This product makes lower noise than similar products. Moreover, it also does not require regular cleaning.
A few of the key players operating in the global range hood market are listed below:
- Asko Appliances
- Broan, Inc.
- BSH Home Appliances Corp.
- Elica S.p.A.
- Faber S.p.A.
- Falmec S.p.A.
- Miele, Inc.
- Panasonic Corp.
- Samsung Electronics
- Whirlpool Corp.
For Right Perspective & Competitive Insights on Range Hood Market, Request for a Sample
Global Range Hood Market: Research Scope
Global Range Hood Market, by Product Type
- Under Cabinet
- Wall Mounted
- Ceiling Mount
- Others
Global Range Hood Market, by Distribution Channel
- Online
- Offline
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
Read Our Latest Press Release:
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad-hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
Contact
Transparency Market Research State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
USA – Canada Toll Free: 866-552-3453
Email: [email protected]
