Shibuya-ku, Tokyo, Japan, Japan, Feb 05, 2021, 06:39 /Comserve / -- Key Vendors: HARMAN International, Vent-A-Hood, BROAN, Haier, Midea
The global range hood market is expected to grow at a CAGR of over 6% during the period 2019–2025. The global range hood market is expected to witness steady growth during the forecast period. The growth is estimated to be consistent, where most of the underpenetrated regions can offer business opportunities for vendors during the period 2019–2025. With the increasing awareness of improper ventilation facilities, the importance of these exhaustive appliances in the cooking area is growing rapidly. Kitchen hoods are steadily replacing exhaust fans as they are more effective in the ventilation process. Hence, the need to effectively reduce the excess heat in kitchen and demand for advanced home appliances that support efficient and convenience cooking habits is increasing the installation as they are capable of smoke and odor through baffle and mesh filters.
Request to Fill The Form To get Sample Copy of This Report: https://www.sdki.jp/sample-request-91040
"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."
Key Vendors
• HARMAN International
• Vent-A-Hood
• BROAN
• Haier
• Midea
Insights by Vendors
Vendors of modern kitchen appliances are increasingly focusing on the technical aspect with advanced features to sustain in the highly competitive market. Since range hood appliances are expensive with long replacement cycles, differentiation always lies in the first mover technology. One of the effective ideas could be the launch of IoT enabled appliances to be the forerunner of the market. The Indian player perfectly understood this – Hindware, which introduced the first IoT enabled kitchen range hoods. In high internet penetrated regions such as the US and European countries, smart kitchen appliances are gaining momentum.
Range Hood Market: Segmentation
This research report includes detailed segmentation by installation, application, suction capacities, ventilation, distribution, and geography. Integrated range hood appliances are the most commonly preferred types to manage space in the kitchen area. The increasing application of integrated range ducts in both commercial and residential sectors is increasing the scope for market growth as ductless appliances are not efficient in terms of performance. Another major driver boosting the growth is the increasing preference for integrated devices in APAC as they are compact nature, affordability, and compatibility.
Efficient duct range hood appliances dominate the market as they are mostly preferred for both commercial and residential purposes. The scenario is expected to sustain during the forecast period, and the momentum for duct appliances is growing. However, there is not much significance for ductless devices due to their performance and limitation in operation procedures. The high demand for duct appliances in France, Italy, and the UK is fueling the growth as they do not prefer ductless ones. Moreover, strict regulations and laws for hotels and restaurants across geographies is also a driving factor for preferring duct over ductless.
Ductless range hoods are found in minimal households such as flats and apartments, where the residents are not given permission. They tend to be a secondary choice in commercial kitchens due to their restricted performance features. However, a considerable number of commercial spaces are likely to opt for ductless island range hoods due to space limitations. The rise in hotels and QSR projects in the US, Germany, China, and the UAE can support the growth factor.
Range hood appliances with medium suction are the largest segment in the market. They experienced higher adoption in APAC than North America in 2019. The growth in middle-class consumers and the high installation in commercial spaces are driving the dominance of the segment. Further, several households in APAC countries such as India prefer medium suction power exhaustive products as their cooking style includes oil and masala.
Residential range hood appliances have replaced traditional ventilation fans in several APAC economies. A large number of households with limited kitchen spaces in densely populated countries such as India and China prefer wall-mounted or under the cabinet to save space. Island types are also preferred for their sleek and elegant designs by several affluent consumers in APAC, MEA, and Latin America.
Duct range hoods are more prevalent than ductless appliances on account of high performance. Low suction exhaustion appliances are the dominant segment for residential applications, and the segment is expected to sustain its position during the forecast period. Rapid urbanization, the rise in the middle-class economy, and the increased awareness of proper ventilation facilities have increased the demand for exhaustion devices in the residential segment.
Request to Fill The Form To get Sample Copy of This Report: https://www.sdki.jp/sample-request-91040
"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."
Range hood appliances are majorly distributed through offline channels, which include outlets such as specialty stores, hypermarkets, departmental stores, However, online channels, which consist of official company websites and other third-party e-commerce websites such as Amazon, are also picking up the pace. The online sale will be concentrated in the US, Canada, the UK, and France due to the high smartphone penetration and high levels of awareness of ventilation facilities. However, despite the increasing internet penetration, the share of online sales is not significant in APAC. The demand for IoT based applications and the growth of e-commerce websites with discounts and offers are fueling the growth.
Table of Content
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.2 Base Year
4.3 Scope of The Study
4.4 Market Segments
4.4.1 Market Segmentation by Installation
4.4.2 Market Segmentation by Ventilation
4.4.3 Market Segmentation by Suction Capacity
4.4.4 Market Segmentation by Application
4.4.5 Market Segmentation by Distribution
4.4.6 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
The study considers the present scenario of the global range hood market and its market dynamics for the period 2019−2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The study offers both the demand and supply aspect of the market. It profiles and examines leading companies and other prominent companies operating in the market.
Key Market Insights
The analysis of the range hood market provides sizing and growth opportunities for the forecast period 2020–2025.
• Offers sizing and growth prospects of the range hood market for the forecast period 2020–2025
• Provides comprehensive insights on the latest industry trends, forecast, and growth drivers in the market
• Includes a detailed analysis of growth drivers, challenges, and investment opportunities
• Delivers a complete overview of segments and the regional outlook of the range hood market
• Offers an exhaustive summary of the vendor landscape, competitive analysis, and key strategies to gain competitive advantage
The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.
For more information, please contact:
Lauren BrownShibuya Data Count
Email: sales@sdki.jp
Tel: + 81 50 50509159
Related Links
https://www.sdki.us/