The global range hood market is expected to witness steady growth during the forecast period. 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 growth opportunities for IoT-enabled kitchen appliances. Cooking appliances are subjected to EU energy labeling and eco-design requirements. The global demand for connected devices is increasingly growing. The high adoption of smart technology by consumers, AI-enabled kitchen appliances and voice assistant technology is fueling the growth.
- China, India, Mexico, Brazil, and the UAE are expected to emerge as leading markets during the forecast period. This is 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. This segment 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.
RANGE HOOD MARKET SEGMENTATION
This research report includes detailed segmentation by
- Suction capacities
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.
The ductless appliances are not efficient in terms of performance. Another major driver boosting the growth is the increasing preference for integrated devices in APAC. The integrated devices are compact in nature, affordable, and compatible.
Wall-mounted range hood appliances are mostly found in households with large modular 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.
The commercial kitchens mostly prefer wall-mounted. The island exhaustive appliances with large suction power have considerable growth potential. The adoption rate is high in UK, US, Europe, and Asia Pacific region. This is likely to witness a slow growth for island models during the forecast period.
INSIGHTS BY VENTILATION
Efficient duct range hood appliances dominate the market as they are mostly preferred for both commercial and residential purposes. The scenario is expected to sustain during the forecast period and the momentum for duct appliances is growing. However, there is not much significance for ductless devices due to their performance and limitation in operation procedures.
The high demand for duct appliances in Europe is fueling the growth as they do not prefer ductless ones. Moreover, strict regulations and laws for hotels and restaurants across geographies is also a driving factor for preferring duct over ductless.
Ductless range hoods are found in minimal households such as flats and apartments, where the residents are not given permission. They tend to be a secondary choice in commercial kitchens due to their restricted performance features. However, a considerable number of commercial spaces are likely to opt for ductless island range hoods due to space limitations. The rise in hotels and QSR projects in the US, Germany, China, and the UAE can support the growth factor.
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. The segment 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, QSR's, and food trucks are expected to influence the North American market.
Low suction models are experiencing high adoption in the residential sector. These equipment are ideal for household purposes. The growing number of QSRs in US and 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. Households with limited kitchen spaces in 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. 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%. There is an high rise in commercial outlets such as restaurants, cafes, QSRs, pubs. Therefore, 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. This includes specialty stores, hypermarkets, departmental stores. The online channels consists of official company websites and e-commerce websites such as Amazon. The online channels are also picking up the pace.
The online sale will be concentrated in the US, Canada, the UK, and France. This is 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. 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.
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. The market in Malaysia, Singapore, Indonesia has a high scope for development during the forecast period. The restaurant and food industry is growing at a CAGR of over 9% during the period 2018–2022. The Indian market for commercial range hoods is expected to emerge as the major market during the forecast period.
INSIGHTS BY VENDORS
Vendors 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 APAC and Latin America. The kitchen range hood market is highly fragmented. Vendors that have an international presence dominates the market.
The Range hood industry analysis report includes in-depth coverage of the market with growth rates, revenues & forecasts for the following segments:
Market Segmentation by Installation
By Suction Capacities
- South Korea
- Latin America
- North America
- South Africa
- Saudi Arabia