Range Hood Market Size, Share, Trend, Forecast, & Industry Analysis: 2021-2026
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Range Hood Market Size, Share, Trend, Forecast, & Industry Analysis: 2021-2026
Range Hood Market, by Product Type (Under Cabinet, Wall Mount, Ceiling Mount, and Others), Application Type (Residential, Commercial), Distribution Channel Type (Direct Selling, E-Commerce, and Others), and Region (North America, Europe, Asia-Pacific, and Rest of the World).
Range Hood Market, by Product Type (Under Cabinet, Wall Mount, Ceiling Mount, and Others), Application Type (Residential, Commercial), Distribution Channel Type (Direct Selling, E-Commerce, and Others), and Region ...
"The global 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.
The 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.
Range Hood Market: Snapshot
Growth
4.2% for the next five years
Fastest Growing Product Type
Wall Mount
Dominant Application Type
Commercial
Region with the highest demand
Europe
Key Players
Elica S.p.A., BSH Group, Faber S.p.A., Ningbo Fotile Kitchenware, Kobe Range Hoods, Panasonic Corporation, Zephyr, Samsung, Whirlpool, Miele, and Broan, Inc.
Segment Analysis
Product Insights
"The wall mount segmentaccounted for the largest market share."
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.
ApplicationInsights
"The commercial segment accounted for the largest market share."
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.
Distribution ChannelInsights
"The direct selling segment accounted for the largest market share."
Based on 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.
Regional Trends
"Europeaccounted for the largest market share."
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.
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.
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 market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.
What deliverables will you get in this report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth analysis of the Range Hood Market
How lucrative is the future?
Market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional and country level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
Will I get the information on my specific requirement?
10% free customization
The range hood market is segmented into the following categories:
By Product Type:
Under Cabinet
Wall Mount
Ceiling Mount
Others
By Application Type:
Residential
Commercial
By Distribution Channel Type:
Direct Selling
E-Commerce
Others
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)
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.
Range Hood Market Research Report: Features
Market Segmentation
4
Regions Covered
4
Countries/Sub-Regions Covered
15
No. of Figures & Tables
>150
Company Profiles
10
Research Methodology
This report offers high-quality insights and is the outcome of a 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 books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
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 three players)
SWOT analysis of key players (up to three players)
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 to sales@stratviewresearch.com
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The 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.
Elica S.p.A., BSH Group, Faber S.p.A., Ningbo Fotile Kitchenware, Kobe Range Hoods, Panasonic Corporation, Zephyr, Samsung, Whirlpool, Miele, and Broan, Inc are among the key players in the Range Hood Market.
