Cooking Hood Market 2021: Global Trends, Opportunity, Key Segmentation and Growth Analysis Forecast By 2020-2027

Allied Market Research published a new report, titled, “Cooking Hood Market” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

The rise in awareness among the people about the various benefits of kitchen or cooking hood on health is the main factor, which drives the growth of the market. By removing excess heat, odors and fumes it cleans the air in the kitchen. In addition, the increasing number of restaurants and hotels due to a changing lifestyle has resulted in the increasing demand for commercial cooking hood in the market.

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The increase in purchasing power due to rise in disposable income has also led to the surge in the demand for cooking hood in household segment. It is gaining traction in the market as it facilitates easier cleanup and pleasant cooking environment.

Moreover, the advancement in technology continues to introduce smarter features to the cooking hood and leads to the growth of the industry. However, the expensive price of cooking hoods and their repair and maintenance cost hinders the development of the market.

Key market players in the report – IFB Home Appliances, Guangdong Vanward New Electric CO. Ltd.; Systemair AB, Gorenje, Haier Inc., Asko Appliances, Luxair Cooker Hoods Limited, Vent-A-Hood, Novy, Zephyr Ventilation, KOBE Range Hoods, BSH Home Appliances Group; FABER S.p.A., SAMSUNG, Miele & Cie. KG, Zhongshan Vantage Gas Appliance Stock Co. Ltd., W.S.Westin Ltd., Broan, Inc., Elica S.p.A., Falmec Spa., Panasonic Corporation, Whirlpool, Electrolux, Beko

COVID-19 Scenario Analysis:

The COVID-19 outbreak has impacted almost all the industries either positively or negatively. It has increased the sales for food, medical, and necessity products. It has hampered the supply and demand for lifestyle products. The COVID-19 virus spread across the world has proved to be a growth driver for daily essentials and hygiene & health products. However, due to lockdown scenario supply chain and production of cooking hoods products has been hindered. To survive in the post COVID-19 situation companies have to identify new opportunities, challenges and emerging trends in the related industries to modify their products or change their positioning of brand accordingly so that they can cater the new needs of the customers or able to stimulate demand for their brands.

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Regional Analysis – North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain,and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)

Key Segments Covered:

Type
• Wall Mounted Hoods
• Down Draft
• Ceiling Mounted Hoods
• Under Cabinet Type Hoods
• Others

Application
• Residential
• Commercial
Suction Power

• Less than 800 m3/h
• 800-1200 m3/h
• More than 1200 m3/h

Key benefits of the report:

○ This study presents the analytical depiction of the global cooking hood industry along with the current trends and future estimations to determine the imminent investment pockets.
○ The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global cooking hood market share.
○ The current market is quantitatively analyzed from 2020 to 2027 to highlight the global cooking hood market growth scenario.
○ Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
○ The report provides a detailed global cooking hood market analysis based on competitive intensity and how the competition will take shape in the coming years.

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