The cooker hood market is expected to record a value of USD 15,242.3 million in 2024. The industry is forecast to expand at a CAGR of 6.4% in the ten-year time frame. The revenue projection for cooker hoods is going to be USD 28,322.2 million by 2034.
Cooker hoods, variously called range hoods, have been a consistently purchased kitchen appliance over the decades. Range hoods’ appeal has been driven by their ability to eliminate steam, smoke, and cooking odors. Thus, consumers who are seeking a safe and comfortable cooking environment for their kitchen are investing in cooker hoods.
Range hoods have taken a transformational turn, with their evolution as a stylish decor element in modern kitchens. Technological progress is also taking place, thereby making range hoods smarter, more efficient, and eco-friendly. This indicates that leading manufacturers are heavily investing in research and development to innovate high-quality kitchen appliances. Many revolutionary cooker hoods have thus made their way into the market to meet changing consumer demands.
In recent years, there has been a proclivity for minimalist designs. Players are responding to this shifting preference by introducing minimally designed range hoods that effortlessly blend with modern kitchens. These are mounted on ceilings, thus offering an unobstructed kitchen view and saving valuable wall space. Manufacturers are utilizing high-quality materials to make the final product easy to maintain and clean.
With sustainability in focus, players are constructing range hoods with energy-efficient LED lighting. This serves two purposes, such as the need for proper illumination and reduced use of energy. The hood is constructed of recycled materials that are easy to disassemble and are ultimately recycled. Players are also introducing advanced filtration systems and powerful motors for greater efficiency with minimum noise.
Region-wise, range hoods have enjoyed their popularity in developed economies of North America and Europe. Manufacturers are beginning to see a consistent demand for range hoods in these regions. However, to increase their revenues, players are turning their focus to developing countries of Asia Pacific that promise lucrative business prospects.
To gain acceptance in these countries, players are working together with distributors and suppliers. Also, they are offering budget-friendly cooker hoods, so that consumers do not break the bank while paying for the innovational cooker hoods. Effective marketing is another fueler that players are employing to generate demand for cooker hoods.
Attributes | Description |
---|---|
Estimated Cooker Hood Market Size (2024E) | USD 15,242.3 million |
Projected Cooker Hood Market Value (2034F) | USD 28,322.2 million |
Value-based CAGR (2024 to 2034) | 6.4% |
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Manufacturers Introduce Auto-clean Options in Cooker Hoods to Increase Consumer Convenience
Smart household cooking appliances are gaining widespread popularity. This, along with the surging adoption of Internet of Things (IoT) devices is propelling advancement in the cooker hood industry. Players are getting familiar with the pulse of the industry. In response, they are introducing the product in innovative shapes, sizes, and features that improve the product's usability. Manufacturers are also launching hoods with self-cleaning and ultraviolet light (UV) technology to offer consumer convenience.
HoReCa Sector to Witness Increasing Installments of Cooker Hoods
Significant growth of the food and beverage sector in developing countries like India indicates the accelerating trend of eating out. Commercial spaces like cafes, restaurants, and hotels are consistently introducing unique dishes to tantalize consumers. Food outlets are thus expected to raise their investments in the latest range hood technologies.
Barriers to the Growth of the Cooker Hood Industry
The high initial price of cooker hoods is a key barrier to the growth of cooker hood industry. Especially in developing countries, where consumers have limited budgets, this factor restricts spending on range hoods. Additionally, high maintenance costs associated with regular filter replacement are limiting the adoption prospects.
Global cooker hood sales increased at a CAGR of 4.2% from 2019 to 2023. For the next ten years, estimated spending on range hoods is expected to be 6.4% CAGR.
The demand for range hoods has surged over the years, as suggested by the accelerating growth rate. End users are increasingly adopting range hoods to offer a comfortable cooking experience. The primary motives behind the sales have been kitchen cleanliness and air quality. Cafeterias, hotels, restaurants, and households have been the common users of range hoods. Growth of end-use sectors is thus expected to ignite the range hoods’ sales over the assessment period.
New models by key players feature a FIT system, a powerful 3-speed fan, concealed touch controls, and a low-profile design. These advanced and more efficient versions of range hoods are also gaining significant traction among users. To gain more market share, players are providing outstanding customer services, readily available replacement parts, and easy installation guides to encourage repeat purchases.
The industry continues to be molded by technological progress in kitchen appliances and the rising use of the Internet of Things (IoT). Players therein are also introducing novel solutions with intelligent systems for customers who value efficiency and newness over anything else.
The table below gives an overview of ongoings in the top five destinations for the business of range hoods. Countries like the United States and Germany exhibit a consistent demand through 2034. This pattern is different from the one present in the Asia Pacific, where the adoption of range hoods is picking up. China is an exception to this trend.
Countries | CAGR 2024 to 2034 |
---|---|
The United States | 5.4% |
Germany | 5.8% |
China | 5.3% |
India | 7.1% |
Australia | 6.5% |
The United States is emerging as a key market for cooker hoods. Due to the budding business prospects in the country, players can expect the industry to expand steadily at a 5.4% CAGR. Primarily, the interest in range hoods is surging among Americans owing to ceaseless innovations in the product. This, in conjunction with the early availability of these modern technologies, is spurring the sector’s growth.
The relatively higher disposable income of Americans is higher than those working in developing countries. This is another aspect that is of interest to manufacturers looking for higher margins. Thus, attracting many players in the United States. Additionally, this is giving hope to fresh players despite the dense presence of established players.
Competition resulting from several players in the country is expected to induce innovation, research and development, aggressive marketing, and more. Another aspect that is promoting sales of range hoods in the American economy is the rising inclination for modular kitchens. Moreover, the increasing use of technologically advanced kitchen appliances across the HoReCa sector is predicted to push the products’ sales upward.
The cooker head market in Germany is estimated to experience expansion at 5.8% CAGR over the forecast period. This sector’s growth is predicted to reverberate across the whole of Europe. Manufacturers are motivated by the surging sales prospects for energy-efficient, innovative, and technologically advanced household appliances among the locals.
Vendors are increasing their efforts to grab new contracts for the distribution of range hoods at appliance stores in Germany. Further, players are responding to increasing demand for silent range hoods. With new catalogs, players are offering to transform kitchens into quiet spaces with their patented silence technology.
Under the home appliances category, players are also offering wall-mounted range hoods. These chimneys open up design possibilities to ascertain ideal conditions at all times.
India presents itself as a bright market for the business of range hoods. The country is assessed to expand at a promising 7.1% CAGR through 2034. Manufacturers are thus expected to exploit opportunities in India, after experiencing success in China.
Modular kitchens and associated appliances are gaining significant appeal in India, especially in semi-urban and urban areas. This is encouraging the sales of range hoods. Additionally, the rise in income levels is also stimulating the range hood industry in India. Appliances are sold at various price points, keeping in mind the diverse socioeconomic groups that characterize India.
Robust urbanization is raising the construction of luxury apartments and villas as well as the renovation of existing kitchens. These developments are likely to fuel demand for range hoods with aesthetic finishes and motivate more innovation.
Given below are the leading categories that are performing above par in the cooker hood market. Range hoods are increasingly purchased by homeowners. As a result, manufacturers are expected to alter their offerings to meet the consumer demand from different socioeconomic backgrounds.
Chimney/wall-mounted range hoods are experiencing significant growth. Chimney hoods are in demand for their functionality and design.
The residential sector is a significant user of range hoods. Their share in the global market is predicted to be 67.2% in 2024. The surge in nuclear families and the popularity of modular kitchens are the driving forces behind range hood sales.
Segment | Residential (Application) |
---|---|
Value Share (2034) | 67.2% |
Growing awareness about the significance of good indoor air quality is inducing residential consumers to invest in range hoods. Cooker hoods effectively remove airborne contaminants that have the potential to irritate the respiratory tract. Consumers are also showing interest in modern range hoods that are quieter, visually appealing, and efficient.
Segment | Chimney/Wall-mounted Cooker Hoods |
---|---|
Value Share (2034) | 70.1% |
Chimney/ wall-mounted range hoods have been a popular choice among many homeowners due to their functionality, versatility, and aesthetics. Due to the effective ventilation offered by range hoods by capturing smoke, grease, and odors, their sales are rising.
Manufacturers are also presenting chimney hoods in a range of finishes and styles, spanning modern and sleek. Thus, allowing consumers to choose the one that complements their kitchen’s design.
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The cooker hood market is expected to be guided by the emerging industrial and urban kitchen trends. Presently, they show a movement toward textured matt kitchen finishes that are sophisticated and stylish, yet low maintenance.
Manufacturers are thus introducing ceramic-finished hoods that offer a distinctive touch and lend a minimalist, contemporary look to the range hood. Players are further researching new landscapes before venturing into new markets. They are learning the uniqueness, diversity, and likes of that particular market to achieve the authority figure in that field.
Players are also focusing on expanding their presence in synergized product categories. Some of these industries like furniture lighting, home appliances, and surfaces exhibit focused demand. In the new markets, players are increasing their network of dealers to raise the distribution of range hoods.
Industry Updates
Based on product type, the industry is divided into chimney/wall-mounted cooker hoods, integrated cooker hoods, and downdraft cooker hoods.
By technology, the industry is bifurcated into extraction and filterless technology.
Different applications of range hoods include residential and commercial.
Various sales channels of range hoods consist of modern trade, multi-brand stores, exclusive stores, online stores, independent stores, and others.
Industry growth is examined in key countries of North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
The industry is going to be worth USD 15,242.3 million in 2024.
The current forecast projects a CAGR of 6.4% for the industry.
The industry to expected to reach USD 28,322.2 million by 2034.
Range hoods are extensively used in the residential sector.
India and Australia are predicted to offer opportunities for investors.
Bosch and Siemens are influential industry players.
1. Executive Summary
2. Industry Introduction, including Taxonomy and Market Definition
3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections
5. Pricing Analysis
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034
6.1. Product Type
6.2. Technology
6.3. Application
6.4. Sales Channel
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type
7.1. Chimney/Wall-Mounted Cooker Hoods
7.2. Integrated Cooker Hoods
7.3. Downdraft Cooker Hoods
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Technology
8.1. Extraction Technology
8.2. Filter less Technology
9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application
9.1. Residential
9.2. Commercial
10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Sales Channel
10.1. Modern Trade
10.2. Multi-Brand Stores
10.3. Exclusive Stores
10.4. Online Stores
10.5. Independent Stores
10.6. Others
11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
11.1. North America
11.2. Latin America
11.3. Western Europe
11.4. South Asia
11.5. East Asia
11.6. Eastern Europe
11.7. Middle East & Africa
12. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
13. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
14. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
15. South Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
16. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
17. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
18. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
19. Sales Forecast 2024 to 2034 by Product Type, Technology, Application, and Sales Channel for 30 Countries
20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
21. Company Profile
21.1. BSH Home Appliances Group
21.2. Bosch
21.3. Siemens
21.4. Luxair Limited
21.5. Inflame Appliances Ltd
21.6. Hafele Appliances
21.7. Falmec Kitchen Appliance Limited
21.8. Westin
21.9. Eico A/S
21.10. Elica S.p.A.
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