Global Range Hood Market Based on Product(Under-cabinet Hoods, Wall-chimney Hoods, Ceiling or Island Hoods), Based on the Filtering System(Ducted (or Vented), Non-ducted (or Recirculated)), Based on Application(Residential, Commercial), Based on the Distribution channel(Online, Offline), Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2024-2033

Report Overview

The Global Range Hood Market is expected to be worth around USD 36.3 billion by 2033, up from USD 18.1 billion in 2023, growing at a CAGR of 7.2% during the forecast period from 2024 to 2033.

A range hood, also known as a kitchen hood or exhaust hood, is a mechanical fan that hangs above the stove or cooktop in the kitchen. It removes airborne grease, combustion products, fumes, smoke, heat, and steam from the air by evacuation of the air and filtration.

The range hood market comprises the global sales and distribution of various types of range hoods. It includes products ranging from under-cabinet models to wall-mounted and island hoods, catering to residential and commercial customers. Market segmentation is often based on product type, installation area, distribution channel, and geography.

The growth of the range hood market can be attributed to increasing global urbanization and the rising demand for modular kitchens. As more individuals invest in kitchen remodeling and upgrades, the need for efficient ventilation solutions drives market expansion.

Demand in the range hood market is propelled by heightened awareness regarding indoor air quality and public health. Modern lifestyles that emphasize convenience and aesthetic appeal in smart kitchen appliances also significantly boost the demand for stylish and technologically advanced range hoods.

Emerging opportunities in the range hood market include the integration of smart technologies, such as automatic sensors for heat and smoke detection and IoT connectivity for enhanced user convenience. Additionally, expanding real estate sectors and new housing developments worldwide offer substantial opportunities for market penetration and growth.

The range hood market is experiencing substantial growth, driven by increasing global urbanization and the rising demand for modern kitchen designs. This market’s expansion is further catalyzed by the growing awareness of the importance of maintaining indoor air quality, particularly in urban settings where air pollution is a significant concern.

As households and commercial establishments prioritize efficient ventilation to enhance living and working environments, the demand for range hoods continues to escalate. Moreover, technological advancements have introduced smarter, more energy-efficient models that integrate seamlessly with other smart home devices, appealing to a tech-savvy consumer base seeking convenience and functionality.

Adding to this growth trajectory are significant investments in infrastructure developments related to environmental sustainability. For instance, the District Department of Transportation’s recent allocation of $1.34 million in federal funds for expanding electric vehicle (EV) charging infrastructure signifies a broader governmental push towards eco-friendly initiatives.

Similarly, Rivian’s commitment, through a $10 million grant from the Rivian Foundation, emphasizes the integration of corporate responsibility with environmental stewardship.

Such developments not only underscore the shift towards sustainability but also indirectly benefit markets, like those of range hoods, that are associated with health and environmental benefits.

These factors collectively forecast a dynamic expansion period for the range hood market, with innovations and market strategies increasingly aligning with eco-conscious and health-centric consumer values.

Key Takeaways

• The Global Range Hood Market is expected to be worth around USD 36.3 billion by 2033, up from USD 18.1 billion in 2023, growing at a CAGR of 7.2% during the forecast period from 2024 to 2033.
• In 2023, Under-cabinet Hoods held a dominant market position in Based on Product segment of Range Hood Market, with a 43% share.
• In 2023, Ducted (or Vented) held a dominant market position in Based on the Filtering segment of Range Hood Market.
• In 2023, Residential held a dominant market position in Based on Application segment of Range Hood Market, with a 67.2% share.
• In 2023, Offline held a dominant market position in Based on the Distribution channel segment of Range Hood Market.
• North America dominating a 35.2% market share in 2023 and holding USD 6.3 Billion revenue of the Range Hood Market.

Based on Product Analysis

In 2023, Under-cabinet Hoods held a dominant market position in the Based on Product segment of the Range Hood Market, with a 43% share. This segment’s prominence is largely due to the product’s compact design and compatibility with various kitchen styles, making it a preferred choice for residential applications where space optimization is crucial.

Following closely, Wall-chimney Hoods and Ceiling or Island Hoods captured significant portions of the market, attributed to their aesthetic appeal and enhanced functionality in spacious kitchen settings.

The market dynamics for Under-cabinet Hoods are influenced by their affordability and ease of installation, appealing particularly to middle-income households undertaking kitchen renovations.

Conversely, the demand for Wall-chimney Hoods and Ceiling or Island Hoods is driven by high-end residential and commercial buyers, who prioritize design and high-efficiency ventilation systems. As kitchens become central showpieces in home design, these latter categories benefit from increased consumer spending on luxury home appliances.

Looking ahead, the range hood market is poised for further diversification with innovations in smart technologies and energy-efficient products. This trend is expected to catalyze growth across all product segments, particularly as consumers become more environmentally conscious and seek integrated home automation solutions.

The ongoing enhancements in product features and connectivity are likely to expand market opportunities, reinforcing the strong growth trajectory anticipated for Under-cabinet, Wall-chimney, and Ceiling or Island Hoods.

Based on the Filtering System Analysis

In 2023, Ducted (or Vented) hoods held a dominant market position in the Based on the Filtering segment of the Range Hood Market. This segment’s leadership stems from its efficacy in ventilating pollutants directly outside, which is highly valued in both residential and commercial kitchens for maintaining superior air quality.

Ducted hoods are preferred in scenarios where external venting is possible, offering a permanent solution to smoke, grease, and odor removal.

Conversely, Non-ducted (or Recirculated) hoods also play a critical role in the market, especially in urban apartments and buildings where external ducting is not feasible. These hoods use filters to clean air and recirculate it, which, while slightly less effective in pollutant removal compared to their ducted counterparts, offer versatility and ease of installation that appeal to a significant segment of the market.

The demand for Ducted hoods is further bolstered by increasing regulations focused on indoor air quality and energy efficiency, particularly in commercial establishments. Innovations in filter technology and energy-efficient models are likely to spur growth in the Non-ducted segment as well, as these innovations meet the needs of environmentally conscious consumers.

Overall, the range hood market is expected to continue its growth trajectory, driven by advancements in technology and increased consumer awareness of health and environmental issues.

Based on Application Analysis

In 2023, Residential held a dominant market position in the Based on Application segment of the Range Hood Market, with a 67.2% share. This substantial market share underscores the significant demand within private homes, driven by trends in kitchen remodeling and upgrades, coupled with a heightened awareness of the benefits of maintaining good indoor air quality.

The Residential segment benefits from the widespread adoption of range hoods in new housing developments and by homeowners updating their kitchens to incorporate modern, efficient appliances that enhance both the functionality and aesthetic of the space.

The Commercial segment, although smaller, is also crucial, capturing the remainder of the market share. This sector includes installations in restaurants, hotels, and other food service establishments where high-capacity range hoods are essential for maintaining air quality and compliance with health and safety regulations.

Demand in the commercial sector is propelled by the growth in the hospitality industry and an increasing emphasis on health standards, which necessitates the use of effective ventilation systems.

As the market evolves, both segments are expected to witness innovations in product design and technology. Smart, energy-efficient range hoods with enhanced aesthetic appeal and integrated features are predicted to drive further growth, particularly in the residential sector, as consumers continue to prioritize kitchen appliances that support a healthy, sustainable lifestyle.

Based on the Distribution channel Analysis

In 2023, Offline held a dominant market position in the Based on the Distribution Channel segment of the Range Hood Market. This channel continues to attract a substantial consumer base, who prefer the tactile purchasing experience, allowing them to physically assess the quality and suitability of range hoods for their kitchens.

This segment benefits greatly from the expertise provided by in-store personnel, which helps consumers make informed decisions based on their specific installation requirements and design preferences.

While the Offline segment commands the market, the Online segment is rapidly gaining traction. This growth is driven by the increasing convenience of e-commerce platforms, competitive pricing, and a broader range of available products.

Online channels are particularly appealing to a tech-savvy demographic that values the ease of comparing specifications and prices, as well as the convenience of home delivery.

Despite the rising popularity of online shopping, the offline channel’s predominance in 2023 is supported by consumer preferences for direct interaction with the product and professional advice, which are deemed essential for complex purchases like range hoods.

Looking forward, both channels are expected to evolve with technological advancements and changing consumer behaviors, with online likely gaining a higher market share as digital platforms enhance their customer service and user experience.

Key Market Segments

Based on Product

• Under-cabinet Hoods
• Wall-chimney Hoods
• Ceiling or Island Hoods

Based on the Filtering System

• Ducted (or Vented)
• Non-ducted (or Recirculated)

Based on Application

• Residential
• Commercial

Based on the Distribution channel

• Online
• Offline

Drivers

Key Drivers Boosting Range Hood Market

In the market for range hoods, several key factors are fueling growth. Firstly, the global rise in home renovations and kitchen upgrades is significantly driving demand. As more people invest in modernizing their kitchens, the need for advanced ventilation solutions like range hoods increases.

Additionally, growing health awareness among consumers about the benefits of proper kitchen ventilation has heightened the demand for efficient range hoods that can remove smoke, grease, and odors effectively.

This trend is supported by technological advancements in range hoods, including improved suction capabilities, noise reduction features, and smart technology integration, making them more appealing to tech-savvy consumers. These drivers collectively contribute to the expanding market for range hoods worldwide.

Restraint

Challenges Limiting Range Hood Adoption

Despite the growing demand for range hoods, certain factors are restraining market growth. One significant challenge is the cost associated with purchasing and installing high-quality range hoods, which can be prohibitively expensive for average consumers.

Furthermore, in smaller homes or apartments where space is at a premium, the installation of large range hoods becomes impractical. This spatial constraint limits market penetration in densely populated urban areas where compact living spaces are common.

Additionally, there’s a lack of awareness among some consumer segments about the benefits of having a range hood, which reduces the overall market potential. These factors collectively create barriers that slow down the adoption rate of range hoods in various markets globally.

Opportunities

Expanding Opportunities in Range Hood Market

The range hood market presents several opportunities for growth. A key opportunity lies in the increasing interest in smart home appliances. Modern range hoods equipped with advanced features like automatic sensors, connectivity to smart home systems, and remote operation via smartphones are becoming more popular.

This trend towards smart kitchens offers manufacturers a chance to innovate and capture new market segments. Additionally, the rising global focus on indoor air quality, particularly in urban areas, underscores the need for effective ventilation solutions in kitchens, further driving the demand for range hoods.

Another promising area is the expanding real estate sector, especially in emerging economies, where new residential developments are likely to include upgraded kitchen amenities, providing a substantial market for range hood manufacturers. These opportunities, if leveraged properly, could significantly boost market growth.

Challenges

Key Challenges Facing Range Hood Market

The range hood market faces several challenges that could hinder its growth. One of the primary obstacles is the high installation and maintenance costs associated with advanced range hoods, which may deter budget-conscious consumers.

Additionally, the integration of range hoods into existing kitchen layouts can be complex, requiring professional installation services that add to the overall expense. Another significant challenge is the competitive nature of the home appliances market, where numerous brands vie for consumer attention with similar products, making differentiation difficult.

Furthermore, regulatory standards concerning energy consumption and emissions vary across regions, complicating the smart manufacturing process for companies aiming to cater to international markets.These challenges require strategic planning and innovation from manufacturers to overcome and capitalize on the market’s potential.

Growth Factors

Growth Drivers for Range Hood Market

The range hood market is experiencing robust growth, driven by several key factors. Increasing global urbanization leads to more kitchen renovations and new home constructions, creating higher demand for range hoods.

Health consciousness among consumers is also escalating, emphasizing the importance of clean air in homes, thus boosting sales of efficient ventilation systems like range hoods.

Additionally, the trend towards luxury and technologically integrated kitchens in the residential sector supports the demand for high-end, feature-rich range hoods. Manufacturers are responding by incorporating innovative technologies such as auto-cleaning, improved suction, and noise reduction features into their products.

Moreover, the rise in culinary culture globally has made advanced kitchen equipment a staple in households, further propelling the market’s growth. These factors collectively ensure a positive trajectory for the range hood market’s expansion.

Emerging Trends

Emerging Trends in Range Hood Market

Emerging trends in the range hood market are shaping the future of kitchen ventilation. Smart technology integration is at the forefront, with range hoods becoming part of connected home ecosystems, offering features like remote control via apps and compatibility with other smart home devices.

Another significant trend is the emphasis on sleek, compact designs that complement modern kitchen aesthetics while saving space. Eco-friendly range hoods are also gaining traction, appealing to environmentally conscious consumers by offering energy-efficient models that reduce power consumption and operating costs.

Additionally, there’s a growing preference for customizable options, allowing users to match their range hoods with their kitchen decor and preferences in functionality. These trends not only enhance user convenience and efficiency but also open new avenues for product differentiation and market growth.

Regional Analysis

In the global range hood market, regional dynamics display varied growth patterns influenced by local consumer behaviors, economic conditions, and housing trends.

North America emerges as a dominating region, holding a 35.2% market share with a valuation of USD 6.3 billion, driven by high rates of kitchen renovations and a strong preference for high-end appliances in the U.S. and Canada.

Europe follows closely, with robust demand stemming from energy efficiency regulations and the prevalent trend of modern kitchen designs.

The Asia Pacific region shows significant growth potential, fueled by rapid urbanization and increasing disposable incomes in countries like China, India, and Southeast Asia. This region is poised for a surge in demand for technologically advanced and energy-efficient kitchen appliances.

Meanwhile, the Middle East & Africa, and Latin America regions are experiencing gradual growth.The demand in these areas is catalyzed by improving living standards and a growing interest in adopting modern home appliances, although market penetration is relatively lower compared to other regions.

Collectively, these regional trends underscore the global reach and expansion potential of the range hood market.

Key Regions and Countries

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA

Key Players Analysis

In the global range hood market of 2023, key players such as Broan-NuTone LLC, Whirlpool Corporation, and Elica S.p.A. continue to demonstrate strategic prowess and innovation, catering to diverse consumer needs across various regions.

Broan-NuTone LLC, known for its robust product line and strong distribution channels, remains a leader in North America. The company’s focus on high-efficiency, low-noise range hoods has helped maintain its market dominance.

Its ongoing investment in R&D for integrating smart technologies such as Wi-Fi connectivity and automated controls further solidifies its position by aligning with the current trend towards smart kitchen appliances.

Whirlpool Corporation leverages its global brand recognition and extensive manufacturing capabilities to meet market demands. The firm excels in offering a wide array of kitchen appliances, including range hoods that are both aesthetic and functional.

Whirlpool’s commitment to sustainability, exemplified by its energy-efficient models, appeals to environmentally conscious consumers, enhancing its market share and customer loyalty in regions prioritizing green technologies.

Elica S.p.A., an Italian company, stands out in the European and Asian markets with its stylish and innovative designs. Known for pioneering technology like their patented noise reduction systems and advanced suction methods, Elica continues to expand its footprint by focusing on design-driven products that appeal to modern consumers looking to blend functionality with style in their kitchen spaces.

These companies, by focusing on innovation, consumer trends, and strategic market expansion, are well-positioned to capitalize on the growing demand for advanced and integrated kitchen solutions globally. Their distinct approaches underline the competitive dynamics within the range hood market, shaping the industry’s future trajectory in 2023 and beyond.

Top Key Players in the Market

• Broan-NuTone LLC.
• Whirlpool Corporation
• Elica S.p.A.
• Faber S.p.A.
• Miele
• Bosch Home Appliances
• KitchenAid
• Zephyr Ventilation
• Samsung Electronics
• LG Electronics
• Vent-A-Hood
• Haier Group Corporation
• Other Key Players

Recent Developments

• In May 2024, Bosch Home Appliances received a $50 million investment to expand its smart range hood production line, aiming to meet rising global demand.
• In March 2024, Miele introduced a revolutionary range hood in March, incorporating AI-driven sensors that optimize ventilation based on cooking activity, enhancing energy savings.
• In January 2024, Faber S.p.A. launched a new series of energy-efficient range hoods this January, featuring eco-friendly technology that reduces electricity usage by 30%.

Report Scope