Cooking hood sales are expected to grow at a CAGR of 4.5% during the forecast period of 2023 to 2030. Technology and IoT in kitchen hood devices are expected to drive market growth. Manufacturers are focusing more on developing new equipment because customers want intelligent features like noise reduction, wireless connectivity, and temperature, optic, and infrared sensors. After cooking, the air quality in the kitchen can be significantly improved with the use of a kitchen hood. The device pulls in unclean air and releases it. Because modular kitchens maximize floor space in a small location, customers are paying more for them. Modular kitchens cost extra because of these perks. This should boost the global kitchen hood market share. Range hood use has increased due to lifestyle changes and busier work schedules. Maintaining a clean kitchen is projected to raise demand for home cooker hoods worldwide. IoT devices and smart kitchen appliances are expected to grow the range hood market throughout the forecast period. New cooking hood designs and sizes, as well as better functionality, may drive the market. Their website sells range hoods. These range hoods lower operating expenses and keep the kitchen cool.
Wall-mounted range hoods dominate the market. Wall-mounted cooking hoods hang directly above the stove. Wall-mounted range hoods should be 28–36 inches above the cooktop to absorb smoke and contaminants. Installation height is advised. In order to ensure adequate ventilation, these hoods are connected to the duct system that is already present in the kitchen. Wall-mounted range hoods absorb all kitchen smoke and odors due to their large size. Big kitchens need more space. When the stove is on an outside wall, use a wall-mounted range hood because these hoods vent air via the wall behind them. A chimney is occasionally fitted with these hoods so that it might help with ventilation.
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Under-cabinet hoods held 42% of the market in 2021. Because of how simple it is to install, how economical it is, and how well it works with a range of kitchen layouts, under-cabinet hoods are the product type. The duct also removes smoke and particulates from the kitchen, unlike ductless models. Over the course of the projected period, it is estimated that the ceiling-mount hood sector would register the highest CAGR. This equipment is called an island hood because it is placed above the range rather than on the wall.
Offline channels dominated in 2021. Due to its huge product range and ability to inspect things before buying, it is expected to remain in the lead during the projected period. E-commerce and smart gadgets like smartphones and tablets will drive growth. Online portals offer price savings, quick payment options, and free installation, which would boost the market segment.
The market is driven by the fast adoption of cutting-edge technology, especially in Canada and Mexico, and the requirement for connected and intelligent devices. Asia Pacific will grow fastest with a 5.0% CAGR from 2023 to 2030. The Leading Index for Remodelling Activity anticipates 6% yearly growth in US home improvement spending. Homeowners are also spending more on lifestyle improvements than maintenance. Millennials are buying more homes, especially older ones, which has increased maintenance needs. HomeAdvisor found that millennials are renovating their homes more often than other age groups. The present increasing tendency will improve US range hood demand.
The expanding number of working people, particularly in emerging nations like India and China, has led to a growth in the demand for easy-to-use cleaning solutions, which is another factor that is driving the demand for these products. This region's consumers prefer modular kitchen designs, which will increase demand. Due to urbanization and the trend toward small residences, this preference is growing.
Few large vendors dominate the global kitchen hood market. Manufacturers invest much in comprehensive R&D to introduce customized products with cutting-edge technologies. Top players are expanding their product lines and merging. Asko Appliances, Broan, Inc., BSH Home Appliances Corporation, Elica S.p.A., Faber, Falmec, Miele, Inc., Panasonic Corporation, Samsung Electronics, and Whirlpool Corporation lead the global cooking hood market. These companies focus on adding new features to existing goods. Faber invented a filterless chimney. This chimney is quieter and requires less cleaning than competitors.
