According to IMARC Group’s latest research report, titled “Range Hood Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” offers a comprehensive analysis of the industry, which comprises insights on the range hood market outlook. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global range hood market size reached US$ 16.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 25.1 Billion by 2032, exhibiting a growth rate (CAGR) of 4.89% during 2024-2032.
Range Hood Market Overview:
A range hood, also known as an exhaust hood or extractor hood, is a crucial appliance installed above a cooking stove or range to remove airborne contaminants, odors, smoke, and grease particles generated during cooking. It consists of a canopy or hood that captures the pollutants and a fan or blower that expels them outside or filters them before recirculating the air back into the kitchen. The primary function of a range hood is to improve indoor air quality by effectively venting out pollutants that can be harmful and unpleasant. As cooking involves the release of smoke, steam, and grease particles, a range hood helps prevent them from accumulating in the kitchen and spreading to other areas of the house. By removing these contaminants, it helps maintain a cleaner and healthier environment.
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Range Hood Market Trends:
The global market is majorly driven by the increasing focus on kitchen aesthetics. As homeowners place greater importance on the overall design and visual appeal of their kitchens, they seek range hoods that not only provide functionality but also enhance the aesthetic appeal of the space. This has led to a demand for range hoods with stylish designs, customizable options, and various finishes to match different kitchen décors. Another significant driver is the growing concern about indoor air quality. With rising awareness about the health impacts of indoor air pollution, particularly in the kitchen where cooking can release smoke, odors, and pollutants, consumers are preferring range hoods that effectively remove airborne contaminants and improve ventilation. The need for cleaner and healthier indoor environments drives the demand for range hoods with efficient filtration systems and powerful extraction capabilities.
Competitive Landscape with Key Players:
- Broan-NuTone LLC (Madison Industries Holdings LLC)
- Bsh Home Appliances Limited (BSH Hausgeräte GmbH)
- Electrolux AB
- Elica S.p.A.
- Faber S.p.A. (Franke Holding AG)
- Fotile America LLC
- Gorenje (Hisense Group)
- Guangdong Vanward New Electric Co. Ltd.
- Haier Group Corporation
- Midea Group
- Miele
- Panasonic Holdings Corporation
- Samsung Electronics Co. Ltd.
- Whirlpool Corporation
Key Market Segmentation:
Product Insights:
- Ceiling Mount
- Wall Mount
- Under Cabinet
- Others
Distribution Channel Insights:
- Offline
- Online
Application Insights:
- Residential
- Commercial
Breakup by Region:
- North America (United States, Canada)
- Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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