Range Hood Market Report

Impact of COVID-19 on Range Hood Market

Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

Note: The summary below might not have included insights on covid impact since we have large number of reports.

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Impact of COVID-19 on Range Hood Market

Covid-19 has impacted the market dynamics, competition, and global...

See more...

Impact of COVID-19 on Range Hood Market

Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

Note: The summary below might not have included insights on covid impact since we have large number of reports.

Get Impact Analysis

Range Hood Market Insights

Range Hood market is likely to witness a CAGR of 4.2% during the forecast period. The prime factor driving the range hood market is the growing adoption of range hoods to get rid of smoke and odor and to keep kitchens clean.

Market Share Analysis

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Range Hood Market Share: By Product Type

Based on the product type, the market is segmented as under cabinet, wall mount, ceiling mount, and others. The wall mount segment is expected to witness the highest growth during the forecast period owing to its ability to be installed on kitchen walls without consuming any additional space.

Range Hood Market Share: By Application Type

Based on the application type, the range hood market is segmented as commercial and residential. The commercial segment holds the larger share of the market and is also expected to witness a healthy growth during the forecast period. Rapid urbanization in the emerging economies along with rising number of hotels and restaurants across the globe is the major factor behind the dominance of the commercial segment.

Range Hood Market Share: By Distribution Channel Type

Based on the the distribution channel type, the market is segmented as direct selling, E-commerce, and others. Direct selling is estimated to be the largest distribution channel; however, the E-commerce segment is expected to witness the highest growth during the forecast period. Major factors driving the growth of the E-commerce segment are availability of a wide range of products, competitive pricing, and ease in comparison.

Range Hood Market Share: By Region

In terms of regions, Europe is estimated to be the largest market for range hoods during the forecast period. Presence of a large number of restaurants and hotels, a huge tourism industry, and high disposable income of consumers are the major factors behind the dominance of the region in the global market. Asia-Pacific is expected to witness the highest growth during the forecast period. China, Japan, South Korea, and India are the driving force of the region’s market.

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Some of the major suppliers in the range hood market are-

• Elica S.p.A.
• BSH Group
• Faber S.p.A.
• Ningbo Fotile Kitchenware
• Kobe Range Hoods
• Panasonic Corporation
• Zephyr
• Samsung
• Whirlpool
• Miele
• Broan, Inc.

Market Scope & Segmentation

Range hood is a device holding a mechanical fan that dangles above the stove in the kitchen to remove combustion products, airborne grease, fumes, smoke, heat, and steam from the air. The range hood market is segmented based on product type into under cabinet, wall mount, ceiling mount, and others. Based on application type, the market is segmented as residential and commercial. On the basis of distribution channel type the market is segmented as direct selling, E-commerce, and others.  

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The range hood market is segmented into the following categories. 

Range Hood Market Size, Share, & Forecast, by Product Type:

• Under Cabinet (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Wall Mount (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Ceiling Mount (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Range Hood Market Size, Share, & Forecast, by Application Type:

• Residential (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Commercial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Range Hood Market Size, Share, & Forecast, by Distribution Channel Type:

• Direct Selling (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• E-Commerce (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Range Hood Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the product types by application type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].