South America Kitchen Hood Market Outlook 2027

In South America, the market for range hoods, which give customers quick and free access to these equipment, is expanding in Brazil as a result of falling inflation rates and cheap loan rates. Brazil's cities are seeing an increase in the number of tiny households and rental homes, which has changed customer preferences as manufacturers adapt range hood designs to meet the demands. Mexico also exports a lot of goods because to its advantageous location. Range hood demand is anticipated to increase as kitchen renovation becomes a more popular trend nationwide.

According to the author, “South America kitchen hood market outlook, 2027” the market is expected to have CAGR value of 5.27% in the forecast period. In 2021, the market value was worth USD 0.278 Billion. The main primary growth driver is the high penetration of modular kitchens with the increase in house renovation. The industry is seeing a large increase in demand for range hoods due to the rise of commercial and residential building. In South America, Brazil has the biggest kitchen hood market, with the smallest market share held by a few of major producers. For a market that is still expanding, South America is a heavily urbanized region. Brazil's economy expanded marginally in 2019 amid lower market demand for home appliances and lower loan rates. 40 percent of the South American Kitchen Hood market in 2020 was accounted for by Brazil. The market for appliances was still driven by voice activation and smart technologies. Despite the unstable economic situation, the kitchen hood industry in Mexico kept expanding favorably.

Manufacturers who minimize noise via the use of filtration system motors and several insuSouthg layers are also expected to support market expansion. Range hood installation has been imposed by the government's strict rules surrounding cleanliness and hygiene in fast food chains and restaurants, which is also fueling the market's expansion. Additionally, these gadgets provide other benefits like heat reduction and air quality maintenance. The availability of inexpensive substitutes is limiting market expansion.

COVID-19 IMPACT

Many customers are depending on common kitchen equipment more frequently, which restrains market expansion. Stay-at home orders on the market have been badly impacted by the COVID-19 epidemic. Due to the epidemic, many Americans are becoming more dependent on their home appliances, which will impede market expansion.

Major Companies:

Asko Appliances, Broan-nuTone, BSH Home Appliance, Elica S.P.A, Faber S.P.A, Samsung Electronics Co. Ltd, Miele Inc, Panasonic Corporation, Whirlpool Corporation, Fotile Overseas Kitchen Appliances, Viking Range, LLC and LG Electronics. CaptiveAire System, Inc.

Considered in this Report:

• Geography: South America
• Historic year: 2016
• Base Year: 2021
• Estimated year: 2022
• Forecast period: 2027

Aspects covered in this report

• South America Kitchen Hood market with its value and forecast along with its segments
• Country-wise kitchen hood market analysis
• Various drivers and challenges
• Ongoing trends and developments
• Five force models
• Top profiled companies
• Strategic recommendation

Countries covered in the report

• Brazil
• Argentina
• Mexico

Segments covered in the report

By Product

• Under Cabinet
• Wall cabinet
• Ceiling mount
• Others

By Sales Channel

• Online
• Offline

By Application

• Residential
• Commercial