The global kitchen hood system market is estimated to progress at a moderate CAGR of 3.9% during the forecast period. This market will be worth USD 12.58 billion in 2023 based on its current valuation. Market analysts of Future Market Insight predict that the sales of kitchen hood systems will generate USD 18.45 billion in revenue by 2033. In the base year, when the market was expanding at a slow-paced CAGR of 1.5%, analysts from Future Market Insights revealed a historical market valuation of USD 12.13 billion.
One crucial component of the kitchen is ventilation. As a consequence, the kitchen hood system market is growing as more customers from the commercial and residential sectors adopt kitchen hood systems. The following reasons encourage its expansion:
Despite the significant growth that is anticipated for the kitchen hood system market, expert researchers of Future Market Insight have identified a few factors that might restrain the expansion of the market during the forecast period. Factors that currently hinder the market are listed below:
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Appliances for the home kitchen are becoming quite popular in several areas throughout the world. The use of technologically advanced kitchen gadgets like kitchen exhaust hoods has been greatly influenced by busy lives. Manufacturers of kitchen hood systems are attempting to gain market share through social media. More customers are drawn in by various promotions, campaigns, commercials, and deals.
The developers of kitchen hood systems are making investments in new product research and development. This can be attributed to the existence of hydraulic efficiency requirements, such as those about venting and ventilation systems for ovens, as well as restrictions for fuel combustion emissions associated with operations. Manufacturers now carve sweeping patterns into marble as part of interior decoration, combining the kitchen hood and backsplash with a startling sinuousness.
By introducing technologically advanced kitchen hood systems that are collected with the Internet of Things, manufacturers are catering to consumers. Global manufacturers are incorporating up-to-date technology like noise reduction, internet connectivity, and the inclusion of sensors like infrared and optical in hoods. Innovative goods including self-cleaning appliances, transportable kitchen hoods, and UV protection hoods are being developed by manufacturers. Smart home kitchen appliances are anticipated to gain appeal during the forecast year.
Report Attribute | Details |
---|---|
Kitchen Hood System Market Value (2023) | USD 12.58 Billion |
Kitchen Hood System Market Anticipated Value (2033) | USD 18.45 Billion |
Kitchen Hood System Market Projected Growth Rate (2023 to 2033) | 3.9% |
Kitchen Hood System Market Historical Growth Rate (2017 to 2022) | 1.5% |
After conducting a thorough market analysis, analysts from Future Market Insight found that the kitchen hood system market has witnessed significant growth in recent years. From 1.5% between 2018 and 2022 to 3.9% between 2023 and 2033, the CAGR of this market climbed progressively. The overall market value increased by around USD 449.1 million from 2022 to 2023.
Major factors influencing the current global expansion of restaurants and hotels, as well as rapid urbanization in developing nations, are what dominate the kitchen hood system market. From fast food to dining and quick service, many nations and cultures have distinct types of service. The hotel business is expanding constantly. The expansion of the hotel sector is being fueled by an increase in consumer buying power, a need for distinctive travel experiences, and an increase in the number of virtual influences. As a result, an expanding number of hotels are driving the adoption of kitchen hood systems.
Another important element driving the growth of the kitchen hood system market is the changing lifestyles of people around the globe. Consumers now demand wirelessly accessible smart home appliances with cutting-edge features like sensor devices for performance enhancement. On the other hand, the introduction of strict hygiene and cleanliness standards in restaurants and other food chains mandating the installation of kitchen cooking hoods.
Over time, people have identified the importance of installing kitchen hood systems because of the advantages it offers, including heat reduction, clean air maintenance, greater safety, and consumer awareness of the value of maintaining a clean and healthy cooking environment. The growth of e-commerce retail channels, increasing disposable income, and successful strategic marketing activities are further factors that support the kitchen hood system market. Additionally, during the foreseeable period, kitchen hood system market participants will have access to considerable prospects due to recent breakthroughs and debuts.
Chimney/ Wall Mounted - By Product Type
The kitchen hood system market is segmented into chimney/wall-mounted, integrated kitchen hoods, and downdraft kitchen hoods based on the top product type. The chimney/wall-mounted category is anticipated to have the largest global market share throughout the projected period, accounting for almost 39.4% of the entire market. The following factors are boosting market expansion:
Extraction Technology - By Technology
The kitchen hood system market is bifurcated into extraction technology and filterless technology in terms of technology. Since it is the most accepted technology among these categories among customers, the extraction technology segment has the biggest market share, which is around 58.2% of the global market. The following factors are accountable for its ongoing development:
The kitchen hood system market in North America is still dominated by the USA. By the end of 2033, the US kitchen hood system market is expected to acquire almost 21.6% of the entire market. The primary market drivers are the quick uptake of technological innovations and the resulting requirement for connected and smart devices. The demand for kitchen hood systems in the USA is also rising due to the ongoing expansion of the residential sector brought on by the rising number of families and significant home renovation projects carried out by individuals.
Instead of doing routine maintenance, homeowners are spending more on initiatives that improve their quality of life. In addition, the trend of millennials purchasing houses, especially older properties, is increasing the demand for repairs. According to HomeAdvisor research, millennials invest in more home improvement projects annually than other age groups do. The growing tendency will increase demand for kitchen hood systems in the USA.
Kitchen hood system market expansion in Europe, particularly in the UK, is being driven by rising preference as a result of more consumer understanding of the advantages of the products. The UK kitchen hood system market is anticipated to expand at a CAGR of 6.9% during the forecast period. The presence of several eateries and hotels, a sizable tourist sector, and high consumer disposable income are the primary drivers of domination. Additionally, the market in this country is also expanding due to rising demand for customized kitchens, rising expenditure on kitchen belongings, and rising disposable income.
As the number of working people rises, there is a growing need for simple home cleaners, which is further boosting the supply. Furthermore, factors like the development of the hospitality sector, rising consumer health consciousness, stringent government energy efficiency regulations, rising demand for energy-efficient and cost-effective products, and expansion of the food service sector are also contributing to the expected growth of the UK kitchen hood system market.
The Chinese kitchen hood system market is expanding quickly due to rising consumer buying power and strong demand brought on by more customer understanding of the advantages of the products. China is expected to grow at a CAGR of 8.2% during the forecast period. China is expected to have vast potential in the upcoming years due to its rapidly rising population. The demand for the product is also being driven by an increase in the demand for practical cleaning solutions due to the rising number of working people. Consumers favour practical kitchen designs, such as modular patterns, which are likely to further fuel demand, given the rising urbanization and the widespread tendency of small and compact dwellings.
A significant manufacturer of both industrial and consumer goods worldwide is China. Rising disposable income in China is anticipated to accelerate kitchen hood system market expansion soon. Modern cooking equipment is being purchased by the growing working population. Hong Kong is the leading export market of China, more than 80% of kitchen hood systems are from China. Due to the growing number of Quick Service Restaurants (QSRs) and new eateries, the requirement for cooking hoods is also expected to increase nationwide.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
New competitors in the kitchen hood system market are developing fresh goods and obtaining a competitive edge by utilizing technical breakthroughs. These companies continuously spend money on Research and Development in order to stay on top of changing customer tastes and expectations from the end-use industry. Sales of kitchen hood systems are aided by initiatives taken by start-ups to improve their standing in the global market.
Leading Start-ups in the Kitchen Hood System Market Right Now
Kitchen Air Inc - United States of America
After recognizing a clear need for a different sort of service provider in the niche field of commercial kitchen ventilation, Kitchen Air Inc. was established in January 2010. A certified member of the National Balancing Council since 2013, Kitchen Air Inc. started offering airflow testing and balancing services for whole restaurants in 2013 and is still doing so today. Kitchen Air Inc started creating its own kitchen ventilation systems in 2016 and started privately labeling them. The first Grease Hood Filter deep Cleaning/Exchange division was introduced by Kitchen Air Inc. in 2017.
Sagar Air Pvt Ltd - India
In 1987, V V Murthy launched Sagar Air Pvt Ltd. Since its beginning, Sagar Air has worked diligently to provide cutting-edge technology in several HVAC & R industries. This sector stands out as one of India's oldest producers of HVAC equipment. AHUs, Air Washers, Wet Scrubbers, Air Ventilation Units, FCUs, Plenums, kitchen hoods, industrial Centrifugal Fans, Axial Flow Fans, and Air Distribution Products- Grilles, Dampers, Diffusers, and Desiccant Dehumidifiers are just a few of the many HVAC components the firm offers.
In 2010, Elica SpA established a joint venture in India called Elica PB Whirlpool Kitchen Appliances Private Limited (formerly Elica PB India Private Limited). Pune, Maharashtra, is where the Indian manufacturing facility is situated. The machinery, automated assembly lines, and equipment in this cutting-edge manufacturing facility were all imported from Italy. Italy provides technical help for each production phase. With the ability to manufacture more than 15 kinds of built-in cooktops and more than 50 variations of kitchen exhaust. The company is prepared to completely transform the Indian kitchen hood system market.
Every home needs a kitchen, and Ciarra Appliances, a top manufacturer of professional cooking hoods, is aware of this. The business has been around for a while and has planned ahead to provide more enjoyable culinary experiences.
Impex Appliances Pvt. Ltd., a manufacturer, importer, and marketer of appliances and home goods in India and the Middle East, offers a variety of items in the kitchen appliance, home appliance, and home entertainment sectors. It boasts an expanding professional business system and efficient, qualified management. The business sells its goods under a variety of well-known names, including Impex and luxury labels like Delici. With a range of almost 400 items, more than 100 regional partners, and 5000 retailers, Impex has a solid reputation in the market and industry.
Recent Developments
The growth outlook for the kitchen hood system market is predicted to advance at a CAGR of 3.9% from 2023 to 2033.
The market valuation of the kitchen hood system market stands at USD 12.58 billion in 2023.
The kitchen hood system market is likely to hold a valuation of USD 18.45 billion by 2033.
1. Executive Summary | Kitchen Hood System Market 2. Market Overview 3. Key Market Trends 4. Key Success Factors 5. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033 6. Global Market - Pricing Analysis 7. Global Market Demand (in Value or Size in USD Million) Analysis 2018 to 2022 and Forecast, 2023 to 2033 8. Market Background 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Product Type 9.1. ChiMillioney/Wall Mounted 9.2. Integrated Kitchen Hoods 9.3. Downdraft Kitchen Hoods 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Technology 10.1. Extraction Technology 10.2. Filterless Technology 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Application 11.1. Residential 11.2. Commercial 12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Sales Channel 12.1. Multi-Branded Stores 12.2. Exclusive Stores 12.3. Online Stores 12.4. Others 13. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region 13.1. North America 13.2. Latin America 13.3. Europe 13.4. East Asia 13.5. South Asia and Pacific 13.6. Middle East and Africa 14. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 18. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033 19. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 20. Country-wise Market Analysis 21. Market Structure Analysis 22. Competition Analysis 22.1. Bosch 22.2. SNDOAS 22.3. PROLINE 22.4. Elica S.p.A. 22.5. Impex 22.6. Rani Trunk House 22.7. Ciarra Appliances 22.8. FABER 22.9. MieleBSH Home Appliances Group 22.10. Siemens 22.11. Inflame Appliances Ltd 22.12. Eico A/S 22.13. Westin 22.14. Candy Hoover Group S.r.l 22.15. Falmec Kitchen Appliance Limited 22.16. Hafele Appliances 23. Assumptions and Acronyms Used 24. Research Methodology
Explore Process Automation Insights
View Reports