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Range Hood Market Size By Product (Ceiling Mount, Wall Mount, Under Cabinet), By Application (Residential, Commercial [Hotels, Restaurants, Cafes]), By Distribution Channel (Direct Selling, E-commerce), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI4421
  • Published Date: Apr 2022
  • Report Format: PDF

Industry Trends

Range Hood Market size surpassed USD 15 billion in 2021 and is anticipated to witness over 6% CAGR between 2022 and 2028. Increasing number of quick service restaurants and the food service sector will augment the business expansion.
 

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The rising demand for efficient storage & space-saving that optimizes floor usage in small spaces has led consumers to spend more on modular home constructions. Consumers are installing advanced range hood systems in smart kitchens to enhance aesthetics and the overall home comfort, creating robust growth opportunities. Companies are introducing systems with integrated IoT technologies to improve the overall house connectivity. Growing urbanization coupled with increasing government initiatives to renovate aging urban residential buildings will impact the industry statistics.
 

The availability of low-cost exhaust fan systems is hampering the range hood market growth. Window fans are primarily gaining popularity in residential applications on account of their low cost and ability to effectively draw smells, steam, and smoke out of the kitchen, challenging market expansion.
 

The COVID-19 pandemic affected the range hood industry marginally. Due to financial insecurities and a shift in consumer preference toward purchasing essential items during the first half of 2020, the market saw a dip in sales. However, the demand for range hoods observed an upward trend with the re-opening of key markets around the globe and the growing number of home renovation projects.
 

High demand for wall-mounted range hoods owing to advanced features

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The wall-mount range hood segment held a market share of more than 40% in 2021. Wall-mounted systems are being increasingly installed in residential & commercial kitchens due to their ability to clean smoke or lingering smell. In addition, the availability of various models with multiple advanced features, such as Bluetooth and Wi-Fi connectivity, is contributing toward the industry growth.
 

Rising need to upgrade kitchen appliances to support residential application segment

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The residential application valued at nearly USD 10 billion in 2021. Innovative designs, increased energy efficiency, and reduced space requirements are encouraging the replacement of range hoods in the residential segment. The increasing demand can also be attributed to rising disposable incomes and growing penetration of electricity distributors providing uninterrupted power supply. The growing awareness among citizens for the adoption of energy-efficient solutions is expected to propel the market for energy-star-qualified range hoods in the household sector.
 

Quick delivery, buyback offers, and flexible payment options are boosting online sales channel

The e-commerce segment is poised to register gains of about 8% through 2028. Products sold through e-commerce websites provide cost savings for the company & customers and are the most preferred distribution mode among companies with limited resources. Furthermore, players are adopting several strategies and undertaking innovative efforts to drive e-commerce sector.
 

Growing proliferation of QSRs and food joints in Asia Pacific

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The Asia Pacific range hood market crossed USD 9 billion in 2021. The demand for cooking hoods is predicted to rise in the region due to the increasing number of Quick Service Restaurants (QSRs) and new food joints. According to the U.S. Department of Agriculture (USDA) 2022 report, China’s Hotel, Restaurant, and Institutional (HRI) sector recorded USD 573 billion in sales revenue in 2020. Additionally, rising consumer spending on home appliances in India is contributing to restaurant industry development.
 

High emphasis of industry players on new product launches

Manufacturers are adopting various marketing & business strategies to support their consumer bases and increase their market revenues. Companies are also launching new range hoods with differentiated features and various new updates. For instance, in January 2022, Broan-NuTone, LLC. announced the launch of a new kitchen appliances series with improved air quality systems. The new series will include dehumidifiers, range hoods, and other ventilation systems. This will assist the company in increasing its consumer base globally.
 

The key range hood market participants include Faber, Asko Appliances, Broan, Inc., BSH Group, CaptiveAire Systems, Faber S.p.A, Kobe Range Hoods, Miele, Inc., Pacific, Samsung Electronics, Panasonic Corporation, Vent-A-Hood, Viking Range, LLC, Whirlpool Corporation, Windster Hoods, Zephyr Ventilation, Falmec S.p.A., and Fotile Overseas Kitchen Appliances.
 

This market research report on range hood includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipment in units from 2022 to 2028 for the following segments:

Market, By Product

  • Ceiling mount
  • Wall mount
  • Under cabinet
  • Others

Market, By Application

  • Residential
  • Commercial
    • Hotels
    • Restaurants
    • Cafes

Market, By Distribution Channel

  • Direct selling
  • E-commerce
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa

 

Authors: Preeti Wadhwani, Prasenjit Saha

Frequently Asked Questions (FAQ) :

The market size of range hood valued at USD 15 billion in 2021 and is pegged to register a CAGR of more than 6% between 2022 and 2028 driven by the rising number of quick-service restaurants and the expanding foodservice sector.
The wall-mount product segment accounted for close to 40% of the market share in 2021 and will witness expansion owing to growing installation in residential & commercial kitchens given their ability to clean smoke or lingering smell.
Demand for residential range hood accounted for more than USD 10 billion in 2021 on account of the escalating disposable incomes and rising penetration of electricity distributors providing uninterrupted electricity supply.
Asia Pacific market size crossed USD 9 billion in 2021 and will rise through 2028 owing to the increasing number of new food joints and Quick Service Restaurants (QSRs) notably in China, India, and Japan.

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 19
  • Tables & Figures: 416
  • Countries covered: 16
  • Pages: 300
  • Upcoming Report: Details can be customized to meet your information and data needs. Feel free to share your detailed research requirements via this form.

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