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Global Kitchen Hood Market Is Expected To Grow With The CAGR Of More Than 4.9% By 2026.

04-29-2022 01:04 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Bonafide Research

Global Kitchen Hood Market Is Expected To Grow With The CAGR

A kitchen hood, exhaust hood, or range hood is a device containing a mechanical fan that hangs above the stove or cooktop in the kitchen. It removes airborne grease, combustion products, fumes, smoke, heat, and steam from the air by evacuation of the air and filtration. Although largely overlooked, a range hood is one of the most important appliances in the kitchen. They are designed to remove odors, heat, and smoke that can occur while cooking. The Global Kitchen Hood Market Outlook, 2026 report by Bonafide Research beings from an overview of industry structure, and analyses market size and forecast of the market by product, region, sales channel, and company. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report. The trend growth to keep the kitchen well-managed, clean, and elegant looking space is to allow the market to grow over an anticipated CGAR of 4.9%.

Based on product type the range hood market is classified into wall mount hood, under cabinet type hood, ceiling mount, and others like island mount hood, downdraft ventilation hoods, ventilator power pack hoods, and others. The wall mount product segment is anticipated to expand at over 5.6% CAGR through 2026. The range hoods with their ability to be placed in the walls with needing extra space in the kitchen cabinets is the major factor for the market growth. These systems assist in getting rid of smoke and lingering smell completely as they are installed directly above the cooking range in commercial and residential kitchens. While the under cabinet segment is likely to show a decline in the forecasted period, others are expected to have an incline in the market share. Kitchen hoods are steadily replacing exhaust fans as they are more effective in the ventilation process. Hence, the need to effectively reduce the excess heat in the kitchen and demand for advanced home appliances that support efficient and convenient cooking habits is increasing the installation as they are capable of smoke and odor through baffle and mesh filters.

To avail the sample report for free: https://www.bonafideresearch.com/samplereport/210519851/global-kitchen-hood-market

First, the concentration degree of the Kitchen Hood industry is not high, with North America leading with a market share of 33.93% in the year 2020. There are more than a hundred manufacturers in the world, and high-end products mainly from Germany, America, Italy, and China. Italy has a long history and unshakable statuses in this industry, like Elica and Faber (though it is a part of FRANKE now), both have the perfect design. As to Germany, the Bosch Group has become a global leader, which has two main brands (Bosch and Siemens), and several special brands, such as Thermador. The import and export percent of this industry is high. Chinese products mainly export to Oceania, Europe, Middle East, and Africa, and take a big market share of underdevelopment regions market, like Vietnam, Brazil, and Pakistan. Hong Kong is the biggest export market of China, more than 80% of kitchen hoods are from China mainland. On the developed market, like America, Canada, Germany, and France, Italy is the empire. Mexico also has a large number of exports due to its geographic advantage. By the end of the forecasted period, Latin America along with Middle East & Africa regions together is likely to cross over a market share of 12%.

Market leaders are introducing new models of wall mount range hoods in various sizes and shapes to cater to the growing demand. For instance, in January 2019, Elica launched its new Varna Black Vent Hood with enhanced aesthetic appeal and a black stainless steel finish. The system includes multifunctional and intuitive electronic touch controls that enhance user convenience. The hood is integrated with an advanced HUSH Sound Suppression System that ensures low noise and provides a quiet working environment in the kitchen. Stringent regulations by various regional governments regarding the cleanliness and hygiene in restaurants and food chains have mandated the installation of range hoods, which is also boosting the market growth. Moreover, these devices offer added advantages, such as heat reduction, maintenance of air quality, and increased safety. On the other hand, high maintenance costs and availability of substitutes, such as exhaust, are anticipated to hamper the growth of the market.

This report forecasts revenue growth at regional and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2026. For this study, Bonafide Research has segmented the Global Kitchen Hood Market report based on product, distribution channel, and region:

CONSIDERED IN THE REPORT
• Geography: Global
• Base year: 2020
• Historical year: 2015
• Forecasted year: 2026

REGIONS COVERED:
• North America
• Europe
• Asia
• Latin America
• Middle East & Africa

ASPECTS COVERED IN THE REPORT
• Market Size By Value for the time period (2015-2026F)
• Market Share by Type (Wall Mount, Under Cabinet & Ceiling)
• Market Share by Sales Channel (Online & Offline)
• Market Share by Region
• Market Share by Country
• Market Share by Company
Table of Contents

1. Executive Summary
2. Report Methodology
3. Global Kitchen Hood Market Outlook
3.1. Market Size by Value
3.2. Market Share
3.2.1. By Product Type
3.2.2. By Sales Channel
3.2.3. By Region
3.2.4. By Country
3.2.5. By Company
4. North America Kitchen Hood Market Outlook
4.1. Market Size by Value
4.2. Market Share
4.2.1. By Product Type
4.2.2. By Sales Channel
4.2.3. By Country
4.3. US Kitchen Hood Market Outlook
4.3.1. Market Size by Value
4.3.2. Market Share by Product Type
4.4. Canada Kitchen Hood Market Outlook
4.4.1. Market Size by Value
4.4.2. Market Share by Product Type
4.5. Mexico Kitchen Hood Market Outlook
4.5.1. Market Size by Value
4.5.2. Market Share by Product Type
…continue

To Access Complete Report: https://www.bonafideresearch.com/product/210519851/global-kitchen-hood-market

Bonafide Research
T-12/A, IndiaBulls Mega Mall, Jetalpur Road, Vadodara
Steven Thomas, AM - Content Marketing
sales@bonafideresearch.com
Asia-Pacific: +91 7878231309
Europe: +44 20 8089 0049
North America: +1 201 793 8545
https://www.bonafideresearch.com/

Bonafide Research is one of the fastest growing market research and consulting company. We are expert in syndicated research reports & custom research solutions across the domains. We have been closely working with fortune 500 clients by helping them in tracking the constantly changing market scenarios.

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