Americas Range Hood Market to Reach USD 7.03 Billion by 2032, Driven by Increasing Popularity of Home Remodeling and Rising Demand for Energy-efficient Appliances

The Americas range hood market is experiencing a steady growth trajectory and is expected to reach USD 7.03 Billion by 2032, registering a revenue CAGR of 4% during the forecast period. This growth is attributed to several factors, including the increasing popularity of home remodeling and renovation projects, rapid urbanization, and the rising demand for smart and energy-efficient kitchen appliances in the area.
Another factor driving the growth of the range hood market is the rising demand for kitchen ventilation systems and indoor air quality. Range hoods are essential in maintaining a safe and hygienic kitchen environment by removing smoke, heat, and odor produced while cooking. Additionally, range hoods are in high demand because they help to maintain a clean and smoke-free environment, which is a growing trend in open kitchen designs in residential homes and restaurants.
The availability of a variety of range hood models, including wall-mounted, island, and under-cabinet models, is also encouraging their uptake in the Americas. Wall-mounted range hoods are the most commonly used type since they are easy to install and use. Island range hoods, designed for use in kitchen islands or peninsula counters, are also becoming more popular due to the increasing prevalence of open kitchen layouts. Under-cabinet range hoods are particularly well-suited for small kitchens since they save space while still providing effective ventilation.

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Major Companies:

• Whirlpool Corporation
• Broan-NuTone LLC
• Elica S.p.A.
• Vent-A-Hood
• Zephyr Ventilation, LLC
• Bosch Home Appliances
• AKDY Appliances
• GE Appliances

Driving Factors and Restraints of Americas Range Hood Market:

The Americas range hood market is being driven by several factors. One of the primary factors is the increasing popularity of home remodeling and renovation projects in the area. As more people are looking to upgrade their homes, they are also investing in high-quality kitchen appliances, including range hoods. Rapid urbanization is also contributing to the growth of the market as more people move to urban areas and require efficient kitchen ventilation systems. Moreover, rising demand for smart and energy-efficient appliances is also driving the market growth.
Another significant factor driving the growth of the range hood market is the growing concern for indoor air quality and kitchen ventilation systems. As people become more conscious of the air they breathe and the environment they live in, they are seeking products that help maintain a safe and hygienic kitchen environment. Range hoods are essential in removing smoke, heat, and odor produced while cooking, which contributes to maintaining good indoor air quality. Moreover, range hoods are in high demand because they help maintain a clean and smoke-free environment, which is becoming increasingly important in open kitchen designs in residential homes and restaurants.
Despite the positive driving factors, there are some restraints that can hinder the growth of the Americas range hood market. The high cost of range hoods is one of the significant challenges faced by the market. Many customers prefer low-cost alternatives, which can limit market growth. Additionally, the installation of range hoods can be complicated and expensive, which can discourage customers from purchasing them. Moreover, limited awareness and lack of knowledge about range hoods, especially among customers in remote areas, can also act as a restraint to the market growth.

Market Key Trends:

• Adoption of smart range hoods: Smart range hoods with integrated smart home technology and voice assistants such as Alexa and Google Assistant are becoming increasingly popular. These range hoods have sensors that automatically adjust the fan speed and lighting based on the cook's activity, resulting in energy savings and reduced noise.
• Growing demand for energy-efficient range hoods: There is a rising demand for energy-efficient range hoods due to increasing awareness about environmental sustainability. Manufacturers are incorporating advanced technologies, such as LED lighting and variable speed controls, to improve the energy efficiency of range hoods.
• Increasing preference for stylish and sleek designs: Consumers are increasingly opting for range hoods that not only provide effective ventilation but also enhance the aesthetic appeal of their kitchen. Manufacturers are offering a wide range of stylish and sleek designs that cater to the changing consumer preferences.
• Emergence of ductless range hoods: Ductless range hoods are gaining popularity as they do not require ductwork for installation. They are ideal for homes or apartments where ductwork installation is not feasible or where there is limited space for ductwork.
• Rise of under-cabinet range hoods: Under-cabinet range hoods are becoming increasingly popular due to their compact design and space-saving features. These range hoods are ideal for small kitchens where space is a premium.

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