Range Hood Market Synopsis

Range Hood Market Size Was Valued at USD 16.4 Billion in 2023 and is Projected to Reach USD 25 Billion by 2032, Growing at a CAGR of 4.8% From 2024-2032.

A exhaust hood is also referred as a kitchen hood or a extractor hood is a type of ventilation equipment fixed in the kitchen where cooking appliances like ovens or cook tops are fixed. Its main purpose is to evacuate fumes of grease, smoke, heat, and cooking smells within the locality of the kitchen. Range hoods are commonly made of a canopy or hood body or housing, a fan and blower for removal of air, and grease filters. It may also encompass lighting to light up the cooking zone. Range hoods are important when it comes to the quality of the air inside a home, increased safety from fire in kitchens and overall ease due to less smell and heat in the surrounding area while cooking.

• The range hood market has been on the rise all over the world due to growing concern in the quality of air inside homes and the appearance of kitchens. Exhaust fans commonly known as range hoods are very important in removing smells, smoke, and steam related with cooking, and are steadily getting innovated with features such as noise control, energy conservation, and elegant looks that can blend with the modern kitchen design. In regions such as North America and Europe, the rules have been set regarding the quality of air inside and outside the building therefore enhancing the market for high-performance range hoods.
• It is common knowledge that the Asian economy, particularly China and India are in the process of urbanization and have higher disposable income ratios which are quick to adapt to kitchen appliances like the range hoods. Manufacturers are also expounding their efforts in innovation to factor various consumer trends and desirable environmental conditions. In sum, the trends indicate that the market of range hoods will continue to grow due to the focus on the quality of life in a home as well as the efficiency of the kitchen space.

Range Hood Market Trend Analysis

Shift towards smart and connected appliances

• One of the trends existing in the range hood market now is the concept of smart and connected appliances. WiFi connection and smart controls that enable the user to change the settings of the range hood, check quality of air and receive maintenance notifications through the application are now included into the manufacturing process. Besides this, it contributes to the increase in comfort and customers’ satisfaction and correlates with the general use of smart home systems. Furthermore, more and more clients require energy-efficient range hoods, which meet sustainability criteria; people care about their eco-friendly kitchen appliances. With regards to the environment, the aim and efforts of the manufacturers are in the creation of range hoods that are energy-efficient regardless of the output they deliver to the market, satisfying the environmentally-conscious clientele.

Catering to the demand for stylish and customizable designs

• An upcoming trend in the range hood market includes customers’ desire to incorporate stylish and unique designs. This has made suppliers design range hoods that are efficient in operations and those that are fashionable, matching the client’s preferences of the kitchen designs. It also reveals opportunities for manufacturers to explore new options regarding the material, the finishes, and the options that can make up a custom hood to go with the contemporary kitchen decor trends concerning colors and hoods.
• Also, there is the chance to utilize the increased interest in people towards IAQ and related health issues. Introducing range hoods with new generation filters that effectively trap such elements as grease, smoke, and airborne particles can benefit from the heath conscious clients. The use of sensor technology that can monitor the state of air quality in real-time and also adjust the speed of the fans in accordance to the amounts of cooking activities can also add to the features that consumer seek in the range hoods in the market.

Range Hood Market Segment Analysis:

Range Hood Market Segmented on the basis of Product and application.

By Product, Ceiling Mount segment is expected to dominate the market during the forecast period

• For the type of product, ceiling mount segment is predicted to have the largest share in the range hood market during the forecast period. Looking at the range hood installation type, ceiling mount range hoods have some benefits making them attractive to the consumer as well as the designer. This equipment is designed to have a clean cut sleek look and as such are unobtrusive fixtures that sit well in most specifically, modern kitchen settings without the need to slot them into cabinets. This segment is, therefore, expected to grow with the advancement in the trends of installing open kitchen layouts and island cooktops for which ceiling mount range hoods are most effective.
• Also, technological developments in ceiling mount range hoods including; enhanced capacities for the extraction of fumes and quietness are other considerations that makes it popular among homeowners. This trend has seen the ceiling mount segment remain more dominant in the global range hood market because people’s appetite for elegant and functional kitchen utensils is set to grow continually.

By Application, Residential segment expected to held the largest share

• The food and commercial segment has a prominent market share at the moment, however, in the range hood market, the residential segment is expected to grow at an efficient CAGR in few years. This growth is attributable to various factors as highlighted below; Higher population density in urban areas, a rise in the consumer’s disposable income, and the rising trend in home improvements and the kitchens, especially in the global markets. The residential consumers’ focus is on convenience, improving the appearance and functionality of the kitchen, and maintaining children’s hygiene indoors. Range hoods are equally important in the realization of these objectives because they aerate cooking smoke and prevent undesirable smells.
• Furthermore, customers’ preferences in kitchen design with more openness and focus on home aesthetics contribute to the demand for range hoods that are both aesthetically and functionally suitable for domestic use. This is because manufacturers have already floated designs, features, and technologies, which are exclusively designed for the residential market, thus entrenching its dominance as the largest segment in the range hood market.

Range Hood Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

• The Asia Pacific region is expected to gain the largest stake and control of the range hood market during the forecast period due to the factors such as increasing level of urbanization, enhancing per capita income, and changing consumer behavior. Market drivers such as the emerging economies of China, India & the nations of South East Asia are seeing rapidly increasing residential construction, requiring the commensurate kitchen appliances which include range hoods. Increasing consciousness with regards to the IC quality and improving hygiene conditions actuates the market for efficient kitchen environment well-being systems in the region.
• Furthermore, the global policies for the use of energy efficiency and environmentally sustainable manufacturing and utilizing practices are impacting the products’ innovation and use. Stakeholders are gradually shifting their attention towards regional production and distribution systems and therefore Asia Pacific is expected to retain its dominance in the global range hood market providing consumers with an increasing demand for stylish and practical ranges.

Active Key Players in the Range Hood Market

• Bosch (Germany)
• Broan-NuTone (United States)
• Electrolux (Sweden)
• Elica (Italy)
• Faber (Italy)
• Falmec (Italy)
• GE Appliances (United States)
• Haier (China)
• LG Electronics (South Korea)
• Miele (Germany)
• Panasonic Corporation (Japan)
• Samsung Electronics (South Korea)
• Tecnogas Superiore (Italy)
• Viking Range (United States)
• Whirlpool Corporation (United States), Other key Players.

Key Industry Developments in the Range Hood Market:

• 28 June 2023, The new Broan-NuTone Air Purifier (BNAP-100) is the first air purification product to be introduced to the Broan-NuTone LLC portfolio of home ventilation and indoor air quality (IAQ) solutions.
• 5 December 2023, Bsh Home Appliances Limited is introducing CO₂-reduced stainless steel into its dishwasher production for the first time.

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Range Hood Market by Product
 4.1 Range Hood Market Snapshot and Growth Engine
 4.2 Range Hood Market Overview
 4.3 Ceiling Mount
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Ceiling Mount: Geographic Segmentation Analysis
 4.4 Wall Mount
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Wall Mount: Geographic Segmentation Analysis
 4.5 Under Cabinet
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Under Cabinet: Geographic Segmentation Analysis
 4.6 Others
  4.6.1 Introduction and Market Overview
  4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.6.3 Key Market Trends, Growth Factors and Opportunities
  4.6.4 Others: Geographic Segmentation Analysis

Chapter 5: Range Hood Market by Application
 5.1 Range Hood Market Snapshot and Growth Engine
 5.2 Range Hood Market Overview
 5.3 Residential
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Residential: Geographic Segmentation Analysis
 5.4 Commercial
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Commercial: Geographic Segmentation Analysis

Chapter 6: Company Profiles and Competitive Analysis
 6.1 Competitive Landscape
  6.1.1 Competitive Benchmarking
  6.1.2 Range Hood Market Share by Manufacturer (2023)
  6.1.3 Industry BCG Matrix
  6.1.4 Heat Map Analysis
  6.1.5 Mergers and Acquisitions
  
 6.2 BOSCH (GERMANY)
  6.2.1 Company Overview
  6.2.2 Key Executives
  6.2.3 Company Snapshot
  6.2.4 Role of the Company in the Market
  6.2.5 Sustainability and Social Responsibility
  6.2.6 Operating Business Segments
  6.2.7 Product Portfolio
  6.2.8 Business Performance
  6.2.9 Key Strategic Moves and Recent Developments
  6.2.10 SWOT Analysis
 6.3 BROAN-NUTONE (UNITED STATES)
 6.4 ELECTROLUX (SWEDEN)
 6.5 ELICA (ITALY)
 6.6 FABER (ITALY)
 6.7 FALMEC (ITALY)
 6.8 GE APPLIANCES (UNITED STATES)
 6.9 HAIER (CHINA)
 6.10 LG ELECTRONICS (SOUTH KOREA)
 6.11 MIELE (GERMANY)
 6.12 PANASONIC CORPORATION (JAPAN)
 6.13 SAMSUNG ELECTRONICS (SOUTH KOREA)
 6.14 TECNOGAS SUPERIORE (ITALY)
 6.15 VIKING RANGE (UNITED STATES)
 6.16 WHIRLPOOL CORPORATION (UNITED STATES)
 6.17 OTHER KEY PLAYERS

Chapter 7: Global Range Hood Market By Region
 7.1 Overview
 7.2. North America Range Hood Market
  7.2.1 Key Market Trends, Growth Factors and Opportunities
  7.2.2 Top Key Companies
  7.2.3 Historic and Forecasted Market Size by Segments
  7.2.4 Historic and Forecasted Market Size By Product
   7.2.4.1 Ceiling Mount
   7.2.4.2 Wall Mount
   7.2.4.3 Under Cabinet
   7.2.4.4 Others
  7.2.5 Historic and Forecasted Market Size By Application
   7.2.5.1 Residential
   7.2.5.2 Commercial
  7.2.6 Historic and Forecast Market Size by Country
   7.2.6.1 US
   7.2.6.2 Canada
   7.2.6.3 Mexico
 7.3. Eastern Europe Range Hood Market
  7.3.1 Key Market Trends, Growth Factors and Opportunities
  7.3.2 Top Key Companies
  7.3.3 Historic and Forecasted Market Size by Segments
  7.3.4 Historic and Forecasted Market Size By Product
   7.3.4.1 Ceiling Mount
   7.3.4.2 Wall Mount
   7.3.4.3 Under Cabinet
   7.3.4.4 Others
  7.3.5 Historic and Forecasted Market Size By Application
   7.3.5.1 Residential
   7.3.5.2 Commercial
  7.3.6 Historic and Forecast Market Size by Country
   7.3.6.1 Bulgaria
   7.3.6.2 The Czech Republic
   7.3.6.3 Hungary
   7.3.6.4 Poland
   7.3.6.5 Romania
   7.3.6.6 Rest of Eastern Europe
 7.4. Western Europe Range Hood Market
  7.4.1 Key Market Trends, Growth Factors and Opportunities
  7.4.2 Top Key Companies
  7.4.3 Historic and Forecasted Market Size by Segments
  7.4.4 Historic and Forecasted Market Size By Product
   7.4.4.1 Ceiling Mount
   7.4.4.2 Wall Mount
   7.4.4.3 Under Cabinet
   7.4.4.4 Others
  7.4.5 Historic and Forecasted Market Size By Application
   7.4.5.1 Residential
   7.4.5.2 Commercial
  7.4.6 Historic and Forecast Market Size by Country
   7.4.6.1 Germany
   7.4.6.2 UK
   7.4.6.3 France
   7.4.6.4 Netherlands
   7.4.6.5 Italy
   7.4.6.6 Russia
   7.4.6.7 Spain
   7.4.6.8 Rest of Western Europe
 7.5. Asia Pacific Range Hood Market
  7.5.1 Key Market Trends, Growth Factors and Opportunities
  7.5.2 Top Key Companies
  7.5.3 Historic and Forecasted Market Size by Segments
  7.5.4 Historic and Forecasted Market Size By Product
   7.5.4.1 Ceiling Mount
   7.5.4.2 Wall Mount
   7.5.4.3 Under Cabinet
   7.5.4.4 Others
  7.5.5 Historic and Forecasted Market Size By Application
   7.5.5.1 Residential
   7.5.5.2 Commercial
  7.5.6 Historic and Forecast Market Size by Country
   7.5.6.1 China
   7.5.6.2 India
   7.5.6.3 Japan
   7.5.6.4 South Korea
   7.5.6.5 Malaysia
   7.5.6.6 Thailand
   7.5.6.7 Vietnam
   7.5.6.8 The Philippines
   7.5.6.9 Australia
   7.5.6.10 New Zealand
   7.5.6.11 Rest of APAC
 7.6. Middle East & Africa Range Hood Market
  7.6.1 Key Market Trends, Growth Factors and Opportunities
  7.6.2 Top Key Companies
  7.6.3 Historic and Forecasted Market Size by Segments
  7.6.4 Historic and Forecasted Market Size By Product
   7.6.4.1 Ceiling Mount
   7.6.4.2 Wall Mount
   7.6.4.3 Under Cabinet
   7.6.4.4 Others
  7.6.5 Historic and Forecasted Market Size By Application
   7.6.5.1 Residential
   7.6.5.2 Commercial
  7.6.6 Historic and Forecast Market Size by Country
   7.6.6.1 Turkey
   7.6.6.2 Bahrain
   7.6.6.3 Kuwait
   7.6.6.4 Saudi Arabia
   7.6.6.5 Qatar
   7.6.6.6 UAE
   7.6.6.7 Israel
   7.6.6.8 South Africa
 7.7. South America Range Hood Market
  7.7.1 Key Market Trends, Growth Factors and Opportunities
  7.7.2 Top Key Companies
  7.7.3 Historic and Forecasted Market Size by Segments
  7.7.4 Historic and Forecasted Market Size By Product
   7.7.4.1 Ceiling Mount
   7.7.4.2 Wall Mount
   7.7.4.3 Under Cabinet
   7.7.4.4 Others
  7.7.5 Historic and Forecasted Market Size By Application
   7.7.5.1 Residential
   7.7.5.2 Commercial
  7.7.6 Historic and Forecast Market Size by Country
   7.7.6.1 Brazil
   7.7.6.2 Argentina
   7.7.6.3 Rest of SA

Chapter 8 Analyst Viewpoint and Conclusion
8.1 Recommendations and Concluding Analysis
8.2 Potential Market Strategies

Chapter 9 Research Methodology
9.1 Research Process
9.2 Primary Research
9.3 Secondary Research