Range Hoods Cooktop Market Size, Share, Growth, and Industry Analysis, By Type (Wall Mount Hoods, Island Mount Hoods and Under Cabinet Type Hoods), By Application (Home Use, Commercial Use and Others) and Regional Insights and Forecast to 2031

Updated On: 29 April 2024

RANGE HOODS COOKTOP MARKET REPORT OVERVIEW

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The global range hoods cooktop market size was USD 11380 million in 2022 and will touch USD 14420 million by 2028, exhibiting a CAGR of 4.0% during the forecast period.

A range hood, also known as a kitchen hood or exhaust hood, is a device installed above a cooktop or range in a kitchen. Its primary function is to remove airborne grease, odors, smoke, and heat generated during cooking. Range hoods typically consist of a canopy or hood, a fan or blower, and a system for capturing and expelling cooking byproducts. The main purpose of a range hood is to provide ventilation by capturing and extracting airborne particles and gases produced during cooking. This helps in maintaining air quality in the kitchen and prevents odors from spreading throughout the home. Range hoods are equipped with a fan or blower that creates airflow to capture and transport cooking-related pollutants. The fan can have multiple speed settings to accommodate different cooking scenarios. Range hoods often contain filters, such as grease filters and sometimes charcoal filters, to trap grease particles and reduce odors before the air is expelled.

These filters may need periodic cleaning or replacement. Many range hoods come with built-in lights to illuminate the cooking area below. This feature enhances visibility while cooking. Ducted range hoods exhaust air outside through a duct system, while ductless (or recirculating) range hoods filter the air and recirculate it back into the kitchen. Ducted hoods are generally more effective but require proper installation. Range hoods come in various designs, styles, and materials to complement kitchen decor. Some are integrated into kitchen cabinetry, while others are standalone units.

COVID-19 Impact: Consumer Spending and Economic Uncertainty to Hinder Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The pandemic disrupted global supply chains, affecting the production and distribution of various goods, including kitchen appliances. Delays in manufacturing and transportation could have impacted the availability of range hoods and cooktopS in the market. Economic uncertainties and changes in consumer spending patterns during the pandemic might have influenced the demand for home appliances. Some consumers may have postponed or scaled back kitchen renovations or appliance upgrades due to financial concerns. The pandemic led to changes in consumer behaviors, with more people spending time at home. This shift might have influenced preferences for home appliances that enhance cooking experiences and contribute to a comfortable home environment, potentially impacting the demand for range hoods and cooktops.

LATEST TRENDS

"Design and Aesthetics to Drive Market Growth"

Integration of smart technologies in kitchen appliances, including range hoods and cooktops, has been a notable trend. Smart features may include Wi-Fi connectivity, app control, and compatibility with voice-activated assistants. Users can remotely control and monitor their kitchen appliances for increased convenience. Energy-efficient and eco-friendly appliances continue to be a focus in the range hoods cooktop market growth. Manufacturers are developing range hood cooktops with features such as energy-efficient lighting, induction cooktops that provide precise heating and quicker cooking, and improved ventilation systems to reduce energy consumption. Aesthetic considerations play a significant role in consumer choices. Sleek and modern designs, premium finishes, and customization options are trends in range hoods cooktops. There's an increasing demand for appliances that seamlessly integrate with kitchen aesthetics and overall home design.

RANGE HOODS COOKTOP MARKET SEGMENTATION

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• By Type

Based on type the global market can be categorized into wall mount hoods, island mount hoods and under cabinet type hoods.

Wall Mount Hoods: Wall mount hoods, also known as wall-mounted chimney hoods, are attached to the wall above the cooktop or range. They typically have a chimney structure that extends vertically to the ceiling. Wall mount hood’s provide effective ventilation by capturing and removing airborne particles, smoke, and odors produced during cooking.

Island Mount Hoods: Island mount hoods are designed for kitchens with cooktops or ranges positioned on an island, away from the kitchen wall. These hoods are suspended from the ceiling directly above the cooking area.

Under Cabinet Type Hoods: Under-cabinet hoods are installed beneath kitchen cabinets, directly above the cooktop or range. They are a space-saving solution suitable for kitchens with limited space between the cooktop and cabinets.

• By Application

Based on application the global market can be categorized into home use, commercial use and others.

Home Use: Home use refers to the utilization of products, appliances, and services within a residential setting for personal or family use. Products for home use are designed to meet the needs and preferences of individuals or families, focusing on personal comfort and convenience.

Commercial Use: Commercial use involves the application of products, equipment, and services in a business or professional setting for operational purposes. Commercial-use products are designed to meet the demands of businesses, industries, or institutions for the purpose of conducting operations or providing services.

DRIVING FACTORS

"Technological Advancements to Augment the Market"

The ongoing trend of home improvement and renovation projects, driven by factors such as increased homeownership and a desire for upgraded living spaces, contributes to the demand for new kitchen appliances, including range hoods and cooktops. Innovation and technological advancements in range hood and cooktop designs, such as the integration of smart features, energy-efficient technologies, and advanced ventilation systems, attract consumers seeking modern and efficient kitchen solutions. Aesthetic considerations play a significant role in consumer choices. Consumers are increasingly looking for stylish and visually appealing kitchen appliances that complement the overall design and aesthetics of their kitchens.

"Health and Wellness Considerations to Expand the Market"

Shifts in lifestyle and cooking habits, including an increased focus on home-cooked meals and diverse culinary experiences, drive the demand for advanced and versatile range hoods cooktop. Consumers seek appliances that cater to various cooking techniques and styles. Trends in the housing market, such as new constructions, home sales, and housing renovations, directly impact the demand for kitchen appliances. A robust housing market often correlates with increased demand for kitchen upgrades. The focus on health and wellness influences consumer choices, with many seeking appliances that contribute to a healthier cooking environment. This includes features in range hoods cooktop that effectively remove airborne particles and promote a clean kitchen atmosphere.

RESTRAINING FACTOR

"High Initial Cost to Potentially Impede Market Growth"

Economic downturns and uncertainties can restrain consumer spending on non-essential items, including home appliances. During periods of economic instability, consumers may postpone or scale back home improvement projects, impacting the demand for range hoods and cooktops. The upfront cost of high-quality range hoods and cooktops, especially those with advanced features or innovative technologies, may be perceived as a barrier for some consumers. Affordability considerations can restrain the adoption of premium or technologically advanced products.

RANGE HOODS COOKTOP MARKET REGIONAL INSIGHTS

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"North America to Dominate the Market due to strong and stable economy"

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East &Africa

North America, has the largest range hoods cooktop market share. Economic prosperity often correlates with increased spending on home improvement projects. The region has a trend of consumers valuing modern kitchen designs and investing in high-quality kitchen appliances. North American consumers are often early adopters of new technologies, and the market has seen a demand for smart kitchen appliances, including technologically advanced range hoods and cooktops. The consumers often consumers often prefer premium and high-quality kitchen appliances, contributing to the demand for advanced and stylish range hoods and cooktops.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

The market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of wardrobe options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.

List of Market Players Profiled

• Electrolux (Sweden)
• SIEMENS (Germany)
• ELICA (Italy)
• Miele (Germany)
• Kitchen Aid (U.S.)

INDUSTRIAL DEVELOPMENT

December, 2020: Ongoing technological advancements have been a key driver of industrial development in the range hoods and cooktop market. This includes the integration of smart technologies, touch controls, and sensor-based features for improved user experience and efficiency.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.