Range Hood Market 2020 Growth Projections by Leading Players: Samsung Electronics, Miele, Viking Range, Broan, Panasonic Corporation, Whirlpool Corporation

The range hood market in Canada is expected to grow at a rapid pace owing to the development of the foodservice industry, high demand for modular kitchens, and increased consumer awareness.

Range Hood Market is expected to exceed USD 10 billion by 2026. Growing trend of wall-mounted and island hoods in modern kitchens owing to the transforming residential & commercial infrastructures is driving the industry growth.

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The demand for commercial range hood systems is expected to increase over the forecast timeline due to the rapidly developing foodservice industry. The growing popularity of food trucks & trailers is supporting the adoption of cooker hood systems across the region. These trucks are integrated with highly customized exhaust systems due to smaller working space.

The demand for ceiling mount systems is increasing in North America and Europe due to the shifting consumer preference toward the construction of modular kitchens. These systems are primarily designed for modern kitchens where hob or stove is installed in the middle of the kitchen, allowing multiple people to cook. Ceiling mount systems are available in various colors, material, shapes, and sizes, thus gaining popularity in modular kitchens. These hoods are gaining demand in modular kitchens to save space.

Range Hood Market Growth Drivers: -
o Increasing numbers of quick service restaurants & food joints across the globe
o Rising consumer disposable income in the U.S. is supporting the adoption of range hoods in residential applications
o Implementation of stringent government food safety & hygiene regulations in North America & Europe
o The growing demand for range hoods in modular kitchens in Latin America and Europe
o Increasing consumer awareness and product popularity in Asian countries
o Rapid development of residential infrastructure in China, Japan, and Australia
o Proliferation of the South African kitchen appliances industry

Prominent companies present in the range hood market are Asko Appliances, Broan, Inc., BSH Group, CaptiveAire Systems, Elica S.p.A., Faber S.p.A, Falmec S.p.A., Fotile Overseas Kitchen Appliance, KOBE Range Hoods, Miele, Inc., Pacific, Panasonic Corporation, Samsung Electronics, Vent-A-Hood, Viking Range, LLC, Whirlpool Corporation, Windster Hoods, Zephyr Ventilation

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The increasing number of Quick Service Restaurants (QSR) & food joints across North America and Asia Pacific will drive the demand for commercial systems. Governments across North America are implementing stringent food safety & hygiene regulations, supporting the adoption of kitchen cleaning appliances.

The major states including Toronto and Vancouver are experiencing the demand for advanced kitchen equipment including cooking & refrigeration systems, ventilation & exhaust systems, and smart appliances, supporting the range hood market growth.

Some major findings of the range hood market report include: --
o Increasing construction of modular kitchens is compelling the demand for advanced kitchen hood systems that match the overall aesthetics of the kitchen. These products are also available in various shades & ranges depending on consumer demands.
o The integration of LED lighting is aiding users to save a significant amount of energy. LEDs also enhance the overall looks & style of the product, gaining high popularity in the industry.
o Consumers are increasingly spending on installing residential range hoods for maintaining appropriate ventilation & exhausts in kitchens. Moreover, the growing concerns about home air quality are further supporting the adoption of range hoods in the U.S
o Prominent companies present in the industry are Faber S.p.A., Samsung Electronics Co., Ltd., Broan, Panasonic Corporation, Elica S.p.A., Whirlpool Corporation, and Fotile

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