The Global Range Hood Market size is expected to reach $17.6 billion by 2027, rising at a market growth of 8.3% CAGR during the forecast period. Range hood refers to a cooking appliance that helps in removing excess heat and dirt & dust particles from the kitchen. It is mostly attached over the cooktop or a range top to help in performing its task more efficiently. A cooktop is a burner that helps in cooking food over which range hood is installed. Range hoods are mostly used along with fire suppression equipment at commercial kitchens in order to control grease fire. Filtration systems are integrated in most of the range hoods and they help in eliminating grease and various other particles from the exhaust.
Factors like increasing disposable income, growing demand for cleaning appliances for household kitchens and improved infrastructural facilities are supporting the growth of the market. In addition, some of the catalysts for the market growth are rising trend of keeping trendy & elegant looking kitchen along with well managed and cleanliness of kitchen. Moreover, the increasing numbers of quick-service restaurants & food joints coupled with the improvement in technologies have also opened new growth avenues for the range hood market.
With the outbreak of the Covid-19 pandemic, almost every sector has witnessed certain impacts on its growth. The imposition of lockdown in many countries, ban on travel, restricted production facilities and absence of workforces in several nations has adversely impacted many sectors. However, some sectors like healthcare have been positively affected during the pandemic.
The global range hood market is negatively affected by the ongoing Covid-19 pandemic. Several manufacturers of kitchen appliances like refrigerators, range hood systems and ovens have stopped manufacturing their products due to the strict government rules & regulations. Ban on international trade has resulted in the severe shortage of raw materials needed to make range hoods and chimneys.
Based on Type, the market is segmented into Under Cabinet, Wall Mounted, Ceiling Mount and Other Types. By product, under cabinet hood segment dominated the market in 2020 by obtaining the maximum revenue share. It is due to the easy installation, affordability and compatibility of the under-cabinet hood with various kitchen modules. In addition, the duct helps in transporting the smoke & particles out from the kitchen; however, other ductless range hoods re-circulate the air in the kitchen.
Based on Distribution Channel, the market is segmented into Offline and Online. The online distribution channel is expected to exhibit the highest growth rate during the forecast period. It is due to the factors like the increasing popularity of e-commerce and the utilization of smart gadgets like smartphones and tablets. In addition, several advantages provided by online platforms like easy payment options, discounts and free installation services will further accelerate the growth of the segment.
| Report Attribute | Details |
|---|---|
| Market size value in 2020 | USD 9.3 Billion |
| Market size forecast in 2027 | USD 17.6 Billion |
| Base Year | 2020 |
| Historical Period | 2017 to 2019 |
| Forecast Period | 2021 to 2027 |
| Revenue Growth Rate | CAGR of 8.3% from 2021 to 2027 |
| Number of Pages | 149 |
| Number of Tables | 260 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Type, Distribution Channel, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. Asia-Pacific is anticipated to become the fastest-growing regional market with a significant growth rate during the forecast years. It is due to the factors like rising disposable income of the people and huge demand for the product owing to high awareness about the benefits of the product. In addition, the growing requirement for convenient cleaning solutions owing to the increasing number of working people, specifically in emerging nations like India and China, is also propelling the demand for the product.
Free Valuable Insights: Global Range Hood Market size to reach USD 17.6 Billion by 2027
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Whirlpool Corporation, Samsung Electronics Co., Ltd. (Samsung Group), Panasonic Corporation, Miele & Cie. KG, Broan-NuTone, LLC (Nortek Holdings LLC), Faber S.p.A. (Franke Holding AG), Falmec S.p.A., Asko Appliances AB (Hisense Group), Robert Bosch GmbH (BSH Home Appliances Corporation), and Elica S.p.A. (FAN S.A.)
By Type
By Distribution Channel
By Geography
The Global range hood market size is expected to reach $17.6 billion by 2027.
Rising number of food chains across the world are driving the market in coming years, however, High price and availability of alternatives have limited the growth of the market.
Whirlpool Corporation, Samsung Electronics Co., Ltd. (Samsung Group), Panasonic Corporation, Miele & Cie. KG, Broan-NuTone, LLC (Nortek Holdings LLC), Faber S.p.A. (Franke Holding AG), Falmec S.p.A., Asko Appliances AB (Hisense Group), Robert Bosch GmbH (BSH Home Appliances Corporation), and Elica S.p.A. (FAN S.A.)
The expected CAGR of the range hood market is 8.3% from 2021 to 2027.
The Ceiling-mount hood market segment would witness the highest growth rate during the forecast years.
The North America emerged as the leading region of the market with the highest market share in 2020 and would show similar trend even throughout the forecast period.
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