Kitchen Hoods Market to Grow with a CAGR of 4.86% through 2028
Growing
awareness of the importance of air quality in kitchens, and the increased focus
on energy efficiency are factors driving the global kitchen hoods market in the
forecast period 2024-2028.
According to
TechSci Research report, “Kitchen Hoods Market – Global Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2028”, the
Global Kitchen Hoods Market stood at USD11.98 billion in 2022 and is
anticipated to grow with a CAGR of 4.86% in the forecast period, 2024-2028. The
global kitchen hoods market is a rapidly evolving sector within the kitchen
appliance industry. Kitchen hoods, once merely utilitarian, have transformed
into stylish and innovative devices that enhance both kitchen aesthetics and
functionality. With advancements in technology, such as smart controls and
energy-efficient features, along with a growing emphasis on design trends, the
market is experiencing steady growth. Regions like North America, Europe, and
the Asia-Pacific are key players due to urbanization and changing consumer
lifestyles. As kitchens continue to be central hubs, the market is poised to
expand further, catering to the demands of modern culinary enthusiasts.
In
the modern culinary landscape, the kitchen is not just a space for cooking; it
has evolved into a hub of creativity, experimentation, and sociability. With
this transformation, the demand for efficient and innovative kitchen appliances
has surged, making the global kitchen hoods market a pivotal player in shaping
contemporary cooking spaces. Kitchen hoods, also known as range hoods or
exhaust hoods, have transcended their utilitarian purpose of smoke and odor
extraction to become design elements that enhance the overall aesthetics and
functionality of kitchens worldwide.
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"Global Kitchen Hoods Market”
One of the key
factors propelling the growth of the global kitchen hoods market is the
continuous innovation in design and technology. Manufacturers are investing
heavily in research and development to create hoods that not only perform
efficiently but also complement the kitchen's interior design. Touch panel
controls, motion sensors, and smart connectivity features are becoming common,
allowing users to control the hood's operations effortlessly. Additionally,
noise reduction technology has gained prominence, ensuring quieter operation
even at higher fan speeds.
Ventless kitchen
hoods, often employing advanced filtration systems, have emerged as a solution
for kitchens without external ventilation options. These hoods filter and
recirculate the air, removing smoke, grease, and odors, and are especially
relevant in urban apartments or settings where traditional ducting is not
feasible.
Sustainable and
energy-efficient kitchen hoods are also making their mark. With growing
environmental awareness, consumers are seeking appliances that align with their
eco-friendly values. Manufacturers are responding by incorporating LED
lighting, energy-efficient motors, and improved filtration systems, reducing
both energy consumption and environmental impact.
Moreover, kitchen
hoods are no longer purely functional entities; they contribute to the overall
visual appeal of the kitchen. Design trends play a crucial role in shaping the
aesthetics of modern hoods. Sleek, minimalist designs are popular in
contemporary kitchens, while rustic and vintage styles find their place in more
traditional settings. Customization options, including a range of materials and
finishes, allow homeowners to match the hood with their kitchen's decor.
The demand for
kitchen hoods is influenced by several factors, including urbanization, rising
disposable income, and the growing popularity of cooking shows and culinary
experiences. As urbanization continues to accelerate, especially in emerging
economies, the need for efficient kitchen solutions in compact spaces is
driving the market forward. Moreover, cultural shifts emphasizing home-cooked
meals and gourmet experiences are encouraging consumers to invest in
high-quality kitchen appliances, including hoods.
The Global Kitchen
Hoods Market is segmented into product type, application, sales channel,
regional distribution, and company.
Based on product
type the market is segmented into wall mounted, ceiling mount/island, under
cabinet, and others (downdraft, built-in, etc.).
The
dominating segment in the kitchen hoods market is the ceiling mount/island
category. These hoods are suspended from the ceiling or placed above an island
cooktop, offering a focal point in open-concept kitchens. Known for their
aesthetic appeal, they combine sleek design with efficient ventilation. This
segment's popularity is driven by contemporary design trends and the rise of
kitchen islands as social and cooking spaces. Ceiling mount/island hoods offer
both functionality and style, making them a preferred choice for homeowners and
designers seeking to create visually striking and well-ventilated culinary
environments.
Based
on application the market is segmented into residential and commercial.
Based
on sales channel the market is segmented into multi branded stores, online,
direct sales, and other (supermarkets/hypermarkets, etc.)).
Based
on region the market is segmented into five regions Asia Pacific, North
America, Europe, Middle East & Africa, and South America. In the Global Kitchen Hoods Market, the
dominating segment in the Asia-Pacific region is propelled by rapid
urbanization and evolving lifestyles. The rising middle-class population and a
growing appreciation for modern kitchen solutions have led to increased demand
for kitchen hoods. Asia-Pacific's culinary culture places emphasis on cooking
at home, further driving the popularity of efficient ventilation systems. As
urban spaces become more compact, innovative and space-saving kitchen
appliances, including hoods, are highly sought after. This dynamic landscape
positions the Asia-Pacific region as a pivotal player, experiencing substantial
growth and contributing significantly to the global kitchen hoods market.
Major companies
operating in Global Kitchen Hoods Market are:
- Broan, Inc.
- Faber
S.p.A.
- LG
Corporation
- Panasonic
Corp.
- Elica
S.p.A.
- Whirlpool
Corp.
- BSH
Home Appliances Corp.
- Samsung
Corp.
- Miele,
Inc.
- Falmec
S.p.A.
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“Evolving from
mere smoke extractors to stylish culinary focal points, kitchen hoods now blend
innovation and aesthetics. Advancements like smart controls and sustainable
features are reshaping the market. Urbanization, changing lifestyles, and the
desire for enhanced cooking experiences drive demand across regions. Notably,
the Asia-Pacific region stands out with its rising middle class and evolving
culinary practices. As kitchens continue to be social hubs, the market's
trajectory points towards continued growth, offering a diverse range of
efficient, attractive, and technologically advanced kitchen hood solutions.,”
said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“Kitchen Hoods Market By Product Type (Wall Mounted, Ceiling Mount/Island, Under Cabinet, and
Others (Downdraft, Built-in, etc.), By Application (Residential,
Commercial), By Sales Channel (Multi Branded Stores,
Online, Direct Sales, and Other (Supermarkets/Hypermarkets, etc.)), By Region, By Competition Forecast &
Opportunities, 2018-2028F”, has evaluated the future growth
potential of global kitchen hoods market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in the global kitchen hoods market.
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