Range Hood Market - Global Outlook and Forecast 2020-2025

This research report on the global range hood market covers sizing and forecast, share, industry trends, growth drivers, and vendor analysis. The study includes insights by Installation (Integrated, wall-mounted, island, and downdraft), Ventilation (duct and ductless), Suction capacities (low, moderate, and high), Application (commercial and residential), distribution (offline and online stores), and Geography (North America, APAC, MEA, Europe, and Latin America).

Market Dynamics

The global range hood market is expected to witness steady growth during the forecast period. The growth is estimated to be consistent, where most of the underpenetrated regions can offer business opportunities for vendors during the period 2019–2025. With the increasing awareness of improper ventilation facilities, the importance of these exhaustive appliances in the cooking area is growing rapidly. Kitchen hoods are steadily replacing exhaust fans as they are more effective in the ventilation process. Hence, the need to effectively reduce the excess heat in kitchen and demand for advanced home appliances that support efficient and convenience cooking habits is increasing the installation as they are capable of smoke and odor through baffle and mesh filters.

The growing demand for energy-efficient smart appliances is expected to generate high growth opportunities for IoT-enabled kitchen appliances during the forecast period. Cooking appliances such as range hoods, ovens, and hobs are subjected to EU energy labeling and eco-design requirements. While the global demand for connected devices is increasingly growing, owing to the high adoption of smart technology by consumers, the introduction of AI-enabled kitchen appliances and voice assistant technology is fueling the growth.

Snippets

• China, India, Mexico, Brazil, and the UAE are expected to emerge as leading markets during the forecast period due to the increasing adoption of smart kitchen appliances and the growing commercial infrastructure.
• The commercial segment is likely to grow at a CAGR of over 6% during the forecast period.
• Range hood appliances with medium suction power are the largest segment, which is expected to reach an estimated sale of 114.58 million units by 2025.
• The downdraft segment is expected to increase in adoption as they are the most stylish and sleek ranges of exhaustive appliances.
• Energy-efficient and sustainability are the major yardsticks against which products will be evaluated during the forecast period.

The global range hood market is expected to grow at a CAGR of over 6% during the period 2019–2025.

 Range Hood Market: Segmentation

This research report includes detailed segmentation by installation, application, suction capacities, ventilation, distribution, and geography.

Insights by Installation

Integrated range hood appliances are the most commonly preferred types to manage space in the kitchen area. The increasing application of integrated range ducts in both commercial and residential sectors is increasing the scope for market growth as ductless appliances are not efficient in terms of performance. Another major driver boosting the growth is the increasing preference for integrated devices in APAC as they are compact nature, affordability, and compatibility.

Wall-mounted range hood appliances are mostly found in households with large kitchen space. Commercial kitchens are emerging as a major end-user as they have immense suction capacities. Island hoods, on the other hand, are considered to be the most compact and unique. Although commercial kitchens mostly prefer wall-mounted, island exhaustive appliances with large suction power have considerable growth potential. While the adoption is high in the UK, the US, and other European countries, the APAC region is likely to witness a slow growth for island models during the forecast period.

Insights by Ventilation

Integrated range hood appliances are the most commonly preferred types to manage space in the kitchen area. The increasing application of integrated range ducts in both commercial and residential sectors is increasing the scope for market growth as ductless appliances are not efficient in terms of performance. Another major driver boosting the growth is the increasing preference for integrated devices in APAC as they are compact nature, affordability, and compatibility.

Wall-mounted range hood appliances are mostly found in households with large kitchen space. Commercial kitchens are emerging as a major end-user as they have immense suction capacities. Island hoods, on the other hand, are considered to be the most compact and unique. Although commercial kitchens mostly prefer wall-mounted, island exhaustive appliances with large suction power have considerable growth potential. While the adoption is high in the UK, the US, and other European countries, the APAC region is likely to witness a slow growth for island models during the forecast period.

Insights by Suction Capacities   

Range hood appliances with medium suction are the largest segment in the market. They experienced higher adoption in APAC than North America in 2019. The growth in middle-class consumers and the high installation in commercial spaces are driving the dominance of the segment.

The high suction power models are the second-largest segment, which is expected to generate a sale of over 60 million units by 2025. The application of these models is likely to be high in commercial kitchens. The growth in hotels and quick service restaurants (QSR) and the rise in food trucks are expected to influence the North American market.

Low suction models are experiencing high adoption in the residential sector. While these equipment are ideal for household purposes, the growing number of QSRs in Portugal, the US, and the UK use multiple wall mount range hoods with low suction powers. This is expected to influence the segment during the forecast period.

Insights by Application

Residential range hood appliances have replaced traditional ventilation fans in several APAC economies. A large number of households with limited kitchen spaces in densely populated countries such as India and China prefer wall-mounted or under the cabinet to save space.

Duct range hoods are more prevalent than ductless appliances on account of high performance. Low suction exhaustion appliances are the dominant segment for residential applications, and the segment is expected to sustain its position during the forecast period. Rapid urbanization, the rise in the middle-class economy, and the increased awareness of proper ventilation facilities have increased the demand for exhaustion devices in the residential segment.

The commercial range hood market is expected to grow at a CAGR of over 6%. With the rise in commercial outlets such as restaurants, cafes, QSRs, pubs, the market for commercial appliances is expected to grow during the forecast period.

Insights by Distribution

Range hood appliances are majorly distributed through offline channels, which include outlets such as specialty stores, hypermarkets, departmental stores, However, online channels, which consist of official company websites and other third-party e-commerce websites such as Amazon, are also picking up the pace. The online sale will be concentrated in the US, Canada, the UK, and France due to the high smartphone penetration and high levels of awareness of ventilation facilities. 

Insights by Geography

The demand for exhaust appliances has been rising due to the growth of smart kitchen appliances. While the market is surging toward the maturity stage in North America and Europe, the product is yet to obtain its considerable significance in APAC, MEA and Latin America.

Europe is dominating the range hood market as the demand and potential are consistent and expect to continue during the forecast period. The trend of fast foods in Italy and Portugal, the tendency to eat away from homes, the steady growth in the foodservice industry, the penetration of IoT-based smart kitchen appliances, and the implementation of EU regulations on food safety are the major growth drivers.

North America is witnessing expansion in businesses, construction of new hotel projects, growth and consistent demand for innovative appliances. These factors are likely to increase the demand for exhaust appliances in the region.

The APAC region is expected to surpass North America in 2025. Along with the presence of key markets, which include China, Japan, India, South Korea, and Australia, the market in Malaysia, Singapore, Indonesia has a high scope for development during the forecast period. With an expected CAGR of over 9% during the period 2018–2022 in the restaurant and food industry, the Indian market for commercial range hoods is expected to emerge as the major market during the forecast period.

 Key Profiled Countries

• UK
• Germany
• France
• Italy
• Spain
• US
• Canada
• China
• Japan
• South Korea
• Australia
• India
• Brazil
• Mexico
• South Africa
• Saudi Arabia
• UAE

Insights by Vendors

Vendors of modern kitchen appliances are increasingly focusing on the technical aspect with advanced features to sustain in the highly competitive market. Since these appliances are expensive with long replacement cycles, differentiation always lies in the first mover technology. One of the effective ideas could be the launch of IoT enabled appliances to be the forerunner of the market. The Indian player perfectly understood this – Hindware, which introduced the first IoT enabled appliance.  In high internet penetrated regions such as the US and European countries, smart kitchen appliances are gaining momentum. 

The product is subjected to a lot of pre-research before purchase, as it is an expensive technology-enabled product. The price factor can be a major influencer in determining the purchase of middle-class people of the growing economies in APAC and Latin America. The kitchen range hood market is highly fragmented. Vendors that have an international presence dominates the market. Many international players are expected to expand their reach worldwide during the forecast period, especially in the fast-developing countries of the APAC region and Latin America, to enhance their market share.

Key Vendors

• Elica
• Vent-A-Hood
• BROAN
• Haier
• Midea

Other Prominent Vendors ­– SMEG, Faber, VATTI, Fagor, Carysil, Sunflame, IFB, Glen, Kutchina, Pigeon, Prestige, KAFF, BrightFlame, Cosmo, Firebird, AKDY, EKON, Winflo, Zuhne, Hindware, Prima, Eden, Elba, Eurodomo, Pureflames, Maytag, Amana, Miele, Thermador, Zephyr, Wolf, Viking, BSH, GE, KitchenAid, Cata, Panasonic, Samsung, Electrolux, Siemens, Novy

Key Market Insights

The analysis of the range hood market provides sizing and growth opportunities for the forecast period 2020–2025.

• Provides comprehensive insights on the latest industry trends, forecast, and growth drivers in the range hood market
• Includes a detailed analysis of growth drivers, challenges, and investment opportunities
• Delivers a complete overview of segments and the regional outlook of the range hood market
• Offers an exhaustive summary of the vendor landscape, competitive analysis, and key strategies to gain competitive advantage