Kitchen Hoods Market Revenue From Online Stores Needs To Be Surpassed
NEWARK, Del, June 06, 2022 (GLOBE NEWSWIRE) — The global extractor hood market is expected to reach a valuation of US$12.10 billion in 2022. Sales are expected to grow at a CAGR of 3.6%, the size of the market reaching US$17.15 billion by 2032.
Due to technical improvements and increasing usage of IoT, the kitchen range hood market is expected to grow. Manufacturers are developing smart features like noise reduction, wireless connectivity, and inclusion of sensors like infrared and optical to meet customer demands.
Manufacturers, for example, use a sound deadening base, several insulating layers and filter engines to reduce noise. This should boost sales of extractor hoods. The market is driven by a shift in consumer preference for modern kitchen appliances, as well as the expansion of hotel and restaurant chains in India and China.
Additionally, due to cleaning and sanitation rules and regulations governing the installation of range hoods in restaurants and food chains, the demand is expected to increase during the forecast period. Heat reduction, preservation of air quality and improved safety are some of the main advantages offered by extractor hoods.
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“Introduction of ductless range hoods, along with growing demand for smart kitchen appliances across the globe will augment the market growth in the coming years,” says an IMF analyst.
Key points to remember:
- Depending on the type of product, sales of built-in hoods will remain high.
- Depending on the applications, the demand for extractor hoods in the residential segment will gain traction.
- In terms of sales channel, the exclusive store segment will grow at a considerable rate during the evaluation period.
- The UK will continue to dominate the European cooker hood market over the forecast period amid strong demand for smart kitchen appliances.
- India will emerge as a lucrative pocket due to the expanding restaurant industry in the country.
Kitchen Hood Market by Category
By product type:
- Chimney/wall hoods
- Integrated extractor hoods
- Extractor hoods
- Extraction technology
- Filter less Technology
By sales channel:
- Multi-brand stores
- Exclusive shops
- Online stores
- Independent stores
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Devices are being integrated into Internet of Things (IoT) platforms by market players. Apps for mobile and desktop devices allow smart kitchen equipment to operate remotely and wirelessly, in real time. Mergers and acquisitions, along with product development and innovation, are among the strategies adopted by major players to gain competitive advantage.
Adding new features and functionality is a major concern for businesses. Key players present in the Cooker Hoods market are Bosch, Miele, Siemens, Elica Hoods, Midea, Luxair Cooker Hoods Limited, Inflame Appliances Ltd, Eico A/S, Westin, Candy Hoover Group Srl, Falmec Kitchen Appliance Limited and Hafele Appliances, among others. .
1.1. Global Market Outlook
1.2. Summary of key statistics
1.3. Summary of key findings
1.4. Analysis of product evolution
1.5. MFI analysis and recommendations
2. Market Overview
2.1. Market Taxonomy
2.2. Market definition
3. Key Market Trends
3.1. Key trends impacting the market
3.2. Key Product Development Trends
3.2.1. Product launches
3.2.2. Acquisitions & Mergers
4. 2017-2021 Global Kitchen Hoods Market Demand Analysis and Forecast, 2022-2032
4.1. Historical Market Volume Analysis (Thousands of Units), 2017-2021
4.2. Current and future projections of market volume (‘000 units), 2022-2032
4.3. Analysis of annual growth trends
5. Global Cooker Hood Market – Price Analysis
5.1. Regional Price Analysis by Price Range
5.2. Prize Breakdown
5.2.1. Manufacturer Level Pricing
5.2.2. Pricing at distributor level
5.3. Comparative analysis of world average prices
6. Global Cooker Hoods Market Demand (by US$ Value or Size) Bn) Analysis 2017-2021 and forecast, 2022-2032
6.1. Historical Market Value Analysis (USD Billion), 2017-2021
6.2. Current and Future Market Value Projections (USD Billion), 2022-2032
6.2.1. Analysis of annual growth trends
6.2.2. Analysis of opportunities in absolute dollars
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Future Market Insights, in its new offering, provides an unbiased analysis of the global Range Hood Market, showcasing historical demand data (2017-2021) and forecast statistics for the period 2022-2032. The study discloses compelling insights into the range hood market based on product type (wall/chimney range hoods, built-in range hoods, downdraft range hoods), by technology (extraction technology, unfiltered), by application (residential, commercial), sales channel (multi-brand stores, exclusive stores, online, independent store, others) across seven major regions.
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