The global range hood market size reached US$ 16.1 billion in 2023. The market is projected to reach US$ 25.1 billion by 2032, exhibiting a growth rate (CAGR) of 5.04% during 2023-2032. The market is experiencing steady growth driven by rising awareness regarding indoor air quality, growing consumer preference for smart home appliances, emerging kitchen design trends and aesthetics, and continual technological advancements and smart home integration.
2. What is the expected growth rate of the global range hood market during 2024-2032?
3. What are the key factors driving the global range hood market?
4. What has been the impact of COVID-19 on the global range hood market?
5. What is the breakup of the global range hood market based on the product?
6. What is the breakup of the global range hood market based on the distribution channel?
7. What is the breakup of the global range hood market based on the application?
8. What are the key regions in the global range hood market?
9. Who are the key players/companies in the global range hood market?
Range Hood Market Trends
Increasing awareness of indoor air quality
One significant factor driving the growth of the market is the rising awareness of indoor air quality (IAQ). As people become more conscious of the impact of pollutants and cooking byproducts on respiratory health, there is a growing demand for effective ventilation solutions. Range hoods play a crucial role in removing airborne particles, smoke, grease, and odors generated during cooking, thereby improving the overall indoor air quality. The emphasis on healthier living environments and the potential health risks associated with poor IAQ are compelling consumers to invest in advanced technologies.Rising kitchen design trends and aesthetics
The evolution of kitchen design trends and the increasing focus on aesthetics contribute significantly to the growth of the market. Modern kitchens are not only functional spaces but also serve as focal points for home interiors. Consumers are increasingly seeking stylish and visually appealing product designs that complement their kitchen decor. Manufacturers are responding with innovative designs, materials, and finishes to meet these demands. The integration of advanced technologies, such as touch controls, LED lighting, and sleek profiles, further enhances the appeal of range hoods as both functional and decorative elements in contemporary kitchens.Rapid technological advancements and smart home integration
The incorporation of advanced technologies and smart home integration is another key driver of growth in the market. Manufacturers are introducing features such as sensor-based controls, energy-efficient motors, and connectivity options that allow users to monitor and control their range hoods remotely. The integration of smart home ecosystems and compatibility with voice assistants enhance user convenience. As consumers increasingly embrace smart home solutions, the demand for technologically advanced and connected hoods is on the rise, driving innovation and growth in the market. The convergence of functionality and smart features makes them more appealing to a tech-savvy consumer base.Range Hood Industry Segmentation:
The report provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. The report has categorized the market based on product, distribution channel, and application.Breakup by Product:
- Ceiling Mount
- Wall Mount
- Under Cabinet
- Others
Wall mount account for the majority of the market share
The report has provided a detailed breakup and analysis of the market based on the product. This includes ceiling mount, wall mount, under cabinet, and others. According to the report, wall mount represented the largest segment.Breakup by Distribution Channel:
- Offline
- Online
Offline holds the largest share of the industry
A detailed breakup and analysis of the market based on the distribution channel have also been provided in the report. This includes offline and online. According to the report, offline accounted for the largest market share.Breakup by Application:
- Residential
- Commercial
Residential represents the leading market segment
The report has provided a detailed breakup and analysis of the market based on the application. This includes residential and commercial. According to the report, residential represented the largest segment.Breakup by Region:
- North America
- United States
- Canada
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Asia-Pacific leads the market, accounting for the largest range hood market share
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. According to the report, Asia-Pacific accounted for the largest market share.Competitive Analysis
The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:- Broan-NuTone LLC (Madison Industries Holdings LLC)
- Bsh Home Appliances Limited (BSH Hausgeräte GmbH)
- Electrolux AB
- Elica S.p.A.
- Faber S.p.A. (Franke Holding AG)
- Fotile America LLC
- Gorenje (Hisense Group)
- Guangdong Vanward New Electric Co. Ltd.
- Haier Group Corporation
- Midea Group
- Miele
- Panasonic Holdings Corporation
- Samsung Electronics Co. Ltd.
- Whirlpool Corporation
Key Questions Answered in This Report
1. How big is the global range hood market?2. What is the expected growth rate of the global range hood market during 2024-2032?
3. What are the key factors driving the global range hood market?
4. What has been the impact of COVID-19 on the global range hood market?
5. What is the breakup of the global range hood market based on the product?
6. What is the breakup of the global range hood market based on the distribution channel?
7. What is the breakup of the global range hood market based on the application?
8. What are the key regions in the global range hood market?
9. Who are the key players/companies in the global range hood market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Range Hood Market
6 Market Breakup by Product
7 Market Breakup by Distribution Channel
8 Market Breakup by Application
9 Market Breakup by Region
10 Drivers, Restraints, and Opportunities
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Broan-NuTone LLC (Madison Industries Holdings LLC)
- Bsh Home Appliances Limited (BSH Hausgeräte GmbH)
- Electrolux AB
- Elica S.p.A.
- Faber S.p.A. (Franke Holding AG)
- Fotile America LLC
- Gorenje (Hisense Group)
- Guangdong Vanward New Electric Co. Ltd.
- Haier Group Corporation
- Midea Group
- Miele
- Panasonic Holdings Corporation
- Samsung Electronics Co. Ltd.
- Whirlpool Corporation
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 148 |
| Published | January 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 16.1 Billion |
| Forecasted Market Value ( USD | $ 25.1 Billion |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 14 |
