Range Hood Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

A range hood is one of the important appliances in the kitchen that improves the kitchen's air quality. It is a device that has a mechanical fan that hangs above the cooktop or stove. It removes combustion products, smoke, fumes, airborne grease, steam, and heat from the air by clearing the air and filtration. Further, most installations require a distance from 20" to 24" between the bottom of the hood and the cooking surface. Over a gas range, this distance should be between 24" and 30".

MARKET DYNAMICS

The range hood market has witnessed significant growth due to increasing number of food chains globally. Moreover, the consumer demand for smart features, including wireless connectivity, noise reduction, and temperature control provide a huge market opportunity for the key players operating in the range hood market. However, suitable alternative products including exhausts are available at a cheaper price are projected to hamper the overall growth of the range hood market.

MARKET SCOPE

The "Global Range Hood Market Analysis to 2031 is a specialized and in-depth study of the consumer goods industry with a special focus on the global market trend analysis. The report aims to provide an overview of the range hood market with detailed market segmentation product type, application, distribution channel and geography. The global range hood market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading range hood market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global range hood market is segmented on the basis of product type, application and distribution channel. On the basis of product type, the global range hood market is divided into under cabinet, wall mounted, ceiling mount, and others. On the basis of application, the global range hood market is divided into residential and commercial. On the basis of distribution channel, the market is divided into online and offline.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global range hood market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The range hood market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the range hood market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the range hood market in these regions.

MARKET PLAYERS

The reports cover key developments in the range hood market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from range hood market is anticipated to lucrative growth opportunities in the future with the rising demand for range hood in the global market. Below mentioned is the list of few companies engaged in the range hood market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the range hood market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Asko Appliances
•   Broan, Inc.
•   BSH Home Appliances Corp.
•   Elica S.p.A.
•   Faber S.p.A.
•   Falmec S.p.A.
•   Miele, Inc.
•   Panasonic Corp.
•   Samsung Electronics
•   Whirlpool Corp.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Range Hood Report Scope