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According to the author, Mexico Kitchen Hood Market Overview, 2027, the kitchen hood market is expected to grow at a significant rate during the forecast period. Because they are smaller in size and thus easier to place in the kitchen, under-cabinet lighting leads the market with a significant share. Other factors such as cost and a simple ventilation system are also among the numerous reasons. Other range hoods, such as downdraft hoods and professional hoods, have seen a significant increase in market share during the forecast period due to their design, ease of use, innovation, and so on. The residential sector has a significant market share due to the higher disposable income of people, increasing urbanization, and increasing government initiatives to renovate aging urban residential buildings. The commercial sector is expected to increase its market share during the forecast period due to the increasing number of restaurant chains across the country. The offline channel has the highest market share due to people's mentality of wanting to see the product physically before buying it. The online channel is expected to grow at a significant rate during the forecast period due to increasing internet penetration across the country, convenience, time savings, etc.
The availability of low-cost exhaust fan systems is hampering the growth of the range hood market. However, according to research, carbon monoxide concentrations in kitchens increase when the stove is operated without the hood on. So, people, these days know that their health takes priority over money. Manufacturers use several insulation layers, a sound-absorbing base, and filter system motors to reduce noise. This factor is also likely to contribute to the growth of the market.
Consumers are installing advanced range hood systems in smart kitchens to improve the aesthetics and overall comfort of the home, creating opportunities for growth. Companies are deploying systems with integrated IoT technologies to improve overall home connectivity. The overall demand of urban families for this kitchen equipment has increased due to the increasing knowledge of current technologies and their willingness to pay for the convenience that makes tasks easier and improves the user experience.
Covid 19
The range hood business has been little affected by the COVID-19 epidemic. During the first half of 2020, the market experienced a decline in sales due to shifts in consumer choice toward shopping necessities and financial uncertainty. But with markets reopening across the country and home remodelling initiatives on the rise, demand for range hoods is on the rise. Due to the COVID-19 epidemic, sales of hobs and extractor hoods have significantly decreased. Reduced consumer spending on these types of appliances during the pandemic due to issues such as job insecurity and lower purchasing power was one of the main reasons for the loss in sales. Along with closing their retail stores, major businesses in the kitchen equipment sector have either reduced or completely discontinued their production capacity.Considered in this report:
- Geography: Mexico
- Base year: 2021
- Estimated year: 2022
- Forecast year: 2027
Aspects covered in this report
- Mexico Kitchen hood market with its value and forecast along with its segments
- Various drivers and challenges
- On-going trends and developments
- Top profiled companies
- Strategic recommendation
By Product Type:
- Under-Cabinet
- Wall Mounted
- Ceiling Mount
- Others (Downdraft, Range Hood Inserts, Professional Grade Range Hoods, Microwave)
By Application:
- Residential
- Commercial
By Sales Channel in the report:
- Online
- Offline