Range Hood Market Size, Share & Trends Report

Range Hood Market Size, Share & Trends Analysis Report By Product Type (Under Cabinet, Wall-mounted, Ceiling Mount), By Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2019 - 2025

  • Published Date: Jul, 2019
  • Base Year for Estimate: 2018
  • Report ID: GVR-3-68038-179-5
  • Format: Electronic (PDF)
  • Historical Data: 2015 - 2017
  • Number of Pages: 80

Industry Insights

The global range hood market size was valued at USD 10.30 billion in 2018 and is expected to register a CAGR of 4.3% from 2019 to 2025. Technological advancements along with rising usage of IoT in kitchen hood devices are expected to be the key factors boosting the market growth. Manufacturers are focusing on developing innovative devices owing to consumer preference for smart features, such as noise reduction, wireless connectivity, and installation of temperature, optic, and infrared sensors, in the products.

For instance, manufacturers use multiple insulation layers, sound absorbing base, and filtration system motors to reduce noise. This factor is also likely to contribute to the market growth. In addition, changing lifestyles due to busy work schedules along with increasing number of hotels and food chains, particularly in developing countries like India and China, are driving the market.

U.S. range hood market

Stringent regulations by various regional governments regarding the cleanliness and hygiene in restaurants and food chains have mandated the installation of range hoods, which is also boosting the market growth. Moreover, these devices offer added advantages, such as heat reduction, maintenance of air quality, and increased safety.

On the other hand, high maintenance cost and availability of substitutes, such as exhaust, are anticipated to hamper the growth of the market. However, the manufacturers are focusing on product development and cost reduction, which will support product demand. For instance, UL710 Type 1 hoods launched by North American Kitchen Solutions, Inc., operate without a factory cut duct connection, resulting in reduced operational costs.

Product Type Insights

Under cabinet hood segment held the highest market share of 41.55% in 2018. Under cabinet hood is the most widely used product type owing to its easy installation and affordability and compatibility with different kitchen designs. Moreover, the duct transports the smoke and particles out of the kitchen whereas other ductless versions recirculate the air into the kitchen. Ceiling-mount hood segment is expected to register the fastest CAGR over the forecast period. This product type is also known as island hood as it is not attached to the wall and is installed over the stove. This device type is gaining popularity owing to its stylish and sleek designs.

Distribution Channel Insights

The offline distribution channel segment accounted for the highest market share in 2018. It is further expected to maintain its leading position throughout the forecast period due to the availability of a wide variety of products to choose from and the advantage of checking the products before buying. Moreover, majority of the leading companies have their own specialty stores across the globe, which contributes to the segment growth.

Global range hood market

The online segment, however, is anticipated to expand at the highest CAGR of 4.5% over the forecast period. Rising popularity of e-commerce and usage of smart devices including mobile phones and tablets are expected to be the key growth-driving factors. Moreover, benefits offered by online portals, such as discounts, easy payment options, and free installation services, will drive the segment further.

Regional Insights

North America accounted for the highest range hood market share in 2018 and is projected to expand further at a steady CAGR from 2019 to 2025. Quick adoption of advanced technologies in the region and resultant demand for connected and smart devices, especially in countries, such as Canada and Mexico, are the key market drivers. Asia Pacific is expected to be the fastest-growing regional market with a CAGR of 5.0% from 2019 to 2025.

Increasing consumer spending capacity and high demand due to increasing awareness about the product benefits are accelerating the growth of the market in Asia Pacific region. Increased need for convenient cleaning solutions due to growing number of working individuals, especially in developing countries like India and China, is also driving the product demand. Moreover, with rapid urbanization and popular trend of small and compact homes in the region, consumers prefer convenient kitchen designs, such as modular patterns, which is expected to drive the demand further.

Range Hood Market Share Insights

Some of the leading companies in the global market include 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; and Whirlpool Corp. These companies focus on product modification with respect to additional features and functionality. For instance, Faber had introduced a new concept of chimney without filter, which makes lesser noise than other products and does not require regular cleaning.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million and CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

Country Scope

U.S., Germany, U.K., China, India, Brazil, and South Africa

15% free customization scope (equivalent to 5 analysts working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Grand View Research has segmented the global range hood market report on the basis of product type, distribution channel, and region:

  • Product Type Outlook (Revenue, USD Million, 2015 - 2025)

    • Under Cabinet

    • Wall Mounted

    • Ceiling Mount

    • Others

  • Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

    • Offline

    • Online

  • Regional Outlook (Revenue, USD Million, 2015 - 2025)

    • North America

      • U.S.

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • China

      • India

    • Central & South America

      • Brazil

    • Middle East & Africa

      • South Africa

Key questions answered by the report
Request for Customization

Choose License Type

Single User - $2,450
Multi User (2-5) - $5,450
Enterprise Access - $9,450

Buy Chapters or Sections

Avail customized purchase options to meet your exact research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert.

  • Custom research service

    Custom research service

    Design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • grand view research PCI DSS complaint grand view research paypal verified