Global Range Hood Market Size, Trades, COVID-19 Impact & Growth By Product (Under-cabinet Hoods, Wall-chimney Hoods, and Ceiling or Island Hoods), By Filtering System (Ducted (or Vented), Non-ducted (or Recirculated) By Application (Residential, Commercial), By Distribution Channel (Online, Offline) By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

Report Overview

The Global Range Hood Market size is expected to be worth around USD 33.00 Billion by 2032 from USD 17 Billion in 2022, growing at a CAGR of 7.10% during the forecast period from 2023 to 2032.

A range hood, also commonly known as a kitchen hood or exhaust hood, is an essential appliance found in kitchens. Its primary purpose is to improve indoor air quality by removing smoke, odors, grease, steam, and other airborne particles that are produced during cooking processes. Range hoods are typically installed above cooktops or ranges and come in various designs and sizes to match different kitchen styles and layouts.

Actual Numbers Might Vary in the Final Report

Introduction

Key features and components of a range hood include:

Ventilation System: The core function of a range hood is to provide ventilation. It does this by capturing the airborne contaminants generated while cooking and expelling them outside or filtering and recirculating the air back into the kitchen.

Fan: A powerful fan is located inside the range hood to pull in air from the cooking area. The fan’s strength is measured in cubic feet per minute (CFM), indicating how much air it can move in a minute.

Filters: Range hoods may contain one or more types of filters:

Grease Filters: These metallic or mesh filters trap grease particles from cooking fumes, preventing them from building up inside the hood and ductwork.

Charcoal Filters: Often used in ductless range hoods, these filters help reduce odors by absorbing them as air passes through.

HEPA Filters: Some advanced range hoods use High-Efficiency Particulate Air (HEPA) filters to capture very fine particles and allergens from the cooking air.

Ductwork: In vented or ducted range hoods, a system of ducts channels the captured air outside the building. This method is more effective at removing contaminants, but it requires proper installation to ensure efficiency.

Control Panel: Modern range hoods come with user-friendly control panels. These panels allow you to adjust fan speed, lighting, and other settings to match your cooking needs.

Lighting: Range hoods often include built-in lighting to illuminate the cooking area below. This enhances visibility while cooking and can also serve as ambient lighting in the kitchen.

Design and Aesthetics: Range hoods are available in various styles and materials to complement the kitchen’s overall design. They can range from minimalist and understated designs to more elaborate and decorative options.

Installation: Range hoods can be installed in different ways:

Wall-Mounted: Installed on the wall above the cooking surface.

Under-cabinet: Mounted beneath kitchen cabinets.

Island: Suspended from the ceiling over an island or peninsula cooktop.

Key Takeaways:

• In 2022, the global range hood market was valued at US$ 17 Billion.
• By product, the under-cabinet hood segment had the most market share 42%.
• By application, the residential stores segmented held the largest share of the market.
• In 2022, Asia Pacific dominated the market with the highest revenue share.
• One of the most significant driving forces in this target market is increasing awareness of indoor air quality.
• The high cost of the range hood with advanced features can hamper the revenue growth of this target market.
• Key players include Broan-NuTone LLC, Whirlpool Corporation, Elica S.p.A., Faber S.p.A., and Others.

Driving Factors

Increasing Awareness of Indoor Air Quality: With growing concerns about indoor air pollution, consumers are more aware of the need for effective ventilation systems like range hoods to improve air quality while cooking.

Rising Demand for Modern Kitchen Appliances: As lifestyles evolve, the demand for contemporary kitchen appliances with advanced features, including range hoods, is on the rise.

Renovation and Remodeling Activities: Renovation and remodeling projects in both residential and commercial sectors often involve upgrading kitchen appliances, boosting the demand for range hoods.

Stringent Regulations and Building Codes: Many regions have regulations that mandate proper ventilation systems in kitchens, which drives the demand for range hoods.

Restraining Factors

Cost Considerations: High-quality range hoods with advanced features can be relatively expensive, which might deter some price-sensitive consumers from purchasing them.

Installation Challenges: Installing range hoods, especially ducted ones, can be complex and may require modifications to existing kitchen layouts. This can be a barrier for some consumers.

Competing Ventilation Solutions: Some kitchens might opt for alternative ventilation solutions such as open windows, exhaust fans, or downdraft systems, which could limit the demand for traditional range hoods.

Growth Opportunities

Technological Advancements: The integration of smart technology, touch controls, energy-efficient features, and better noise reduction in range hoods presents opportunities for innovation and product differentiation.

Growing Demand in Emerging Markets: As urbanization and disposable income rise in emerging markets, the demand for modern kitchen appliances like range hoods is likely to increase.

Health and Wellness Trends: Consumer interest in healthier cooking practices could lead to the demand for range hoods with advanced filtration systems that remove allergens and contaminants more effectively.

Latest Trends

Smart and Connected Range Hoods: The trend of smart homes extends to kitchen appliances, leading to the development of range hoods that can be controlled remotely and integrated with home automation systems.

Design and Aesthetics: Consumers are increasingly looking for range hoods that not only perform well but also blend seamlessly with their kitchen decor, leading to a focus on aesthetically pleasing designs.

Energy Efficiency: Energy-efficient range hoods that use less power without compromising performance are gaining popularity due to the increasing emphasis on sustainability.

Product Analysis

The global range hood market can be segmented based on product, which includes under-cabinet hoods, wall-chimney hoods, and ceiling, or island hoods. In 2022, the under-cabinet hood segment had the most market share 42%. The most popular product type is an under cabinet hood since it is simple to install, affordable, and adaptable to various kitchen designs.

Furthermore, unlike other ductless versions that circulate air into the kitchen, the duct transfers smoke and particulate out of the kitchen. Over the projected period, the ceiling-mount hood sector is anticipated to see the quickest CAGR. Due to its installation over the stove and lack of wall attachment, this product category is often known as an island hood. Due to its fashionable and slick looks, this device category is becoming more and more popular.

Filtering System Analysis

The global range hood market can be analyzed based on its filtering system segments, which include ducted (or vented) and non-ducted (or recirculated).

Ducted Range Hoods: Ducted range hoods, also known as vented range hoods, are equipped with a ventilation system that expels the captured cooking fumes, smoke, odors, and airborne particles outside the building through a network of ducts.

Advantages:

More Effective Ventilation: Ducted range hoods provide more efficient removal of pollutants since they direct them outside the kitchen and living areas.

Better Odor Control: These hoods help to eliminate cooking odors completely from the indoor environment.

Challenges:

Installation Complexity: Installing ducted range hoods involves setting up ductwork, which can be complex and may require modifications to the kitchen layout.

Higher Installation Costs: The installation process and materials required for ductwork can increase the upfront cost.

Non-Ducted (Ductless) Range Hoods: Non-ducted or ductless range hoods use filters (often including grease and charcoal filters) to capture airborne particles and odors. The filtered air is then recirculated back into the kitchen.

Advantages:

Simplified Installation: Ductless range hoods are easier to install since they don’t require ductwork, making them suitable for kitchens where duct installation is challenging.

Lower Installation Costs: The absence of ductwork reduces installation expenses.

Challenges:

Limited Efficiency: While they reduce odors and some particles, ductless range hoods might not be as effective as ducted hoods in removing all contaminants.

Regular Filter Maintenance: Filters need periodic cleaning or replacement to maintain optimal performance.

The ducted range hood segment is the dominant segment. Owing to the fact that ducted range hoods are more effective at removing grease as well as smoke from the air as well and they can also be vented to the outside, which helps to improve air quality in the kitchen.

Application Analysis

Range hoods are bifurcated into residential, and commercial. Depending on the application, it is anticipated that the residential sector will dominate the market in the upcoming years. The residential range hoods market is being driven by cutting-edge technology, increased energy efficiency, and decreased space requirements.

The increasing popularity of energy distributors supplying uninterruptible power supply and rising disposable incomes are other factors that may be contributing to the segment’s rising demand. A significant aspect influencing the commercial segment’s growth in the next years is the expanding urbanization in developing nations as well as an increase in the number of hotels and restaurants globally.

Distribution Channel Analysis

The distribution channel analysis for the range hood market reveals that several avenues are utilized to reach consumers. The distribution channels include online, and offline. Due to client preferences, simple installation, the opportunity to easily test a product before purchasing, and a greater selection of items, offline distribution channels are currently dominating this industry. The majority of businesses have locations all over the world, which also helped this industry expand.

Online distribution, however, is predicted to increase by 8.5% by 2029. Since smartphone usage is rising and e-commerce is expanding quickly in the industry, it is anticipated that the online sector will expand throughout the course of the market projection. Additionally, it provides a number of advantages, like deals, savings, comparative convenience, and many more, which will continue to fuel the segment’s growth.

Global Range Hood 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

Geopolitics and Recession Impact Analysis

Geopolitics:

Global Supply Chains: Geopolitics also affects the stability and reliability of global supply chains. Components for range hoods could be sourced from multiple countries, and geopolitical instability in any of these nations can impact the production cycle.

Foreign Policy & Diplomacy: Bilateral relations between countries can also affect the range hood market. Friendlier relations often ease trade restrictions, making it easier for companies to export products.

Recession:

Consumer Demand: During a recession, consumer spending generally declines. In such circumstances, purchases of non-essential items like high-end range hoods are often postponed. This decline affects manufacturers and retailers alike.

Price Sensitivity: During economic downturns, consumers become more price-sensitive, often opting for cheaper alternatives or foregoing purchases altogether. This situation can affect the profit margins of companies.

Credit Availability: A recession often leads to tighter credit markets. Manufacturers may find it more difficult to secure loans for operations or expansion, affecting the overall market’s growth potential.

Regional Analysis

The regions of the world market for range hoods include North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As a result of its rapidly expanding population, Asia-Pacific is expected to have enormous promise in the years to come. The Asia-Pacific region’s market is expanding as a result of rising customer purchasing power and rising preferences brought on by more consumer knowledge of the advantages of the products.

As the number of working people rises, there is a growing demand for simple home cleaners, especially in emerging countries like India and Japan. Additionally, because of the region’s present trend of tiny, compact residences and expanding urbanization, customers pick practical kitchen ideas like modularity patterns, which are expected to increase demand. The APAC is expected to dominate this market with a market share of 51%.

Key Regions and Countries Covered in this Report:

• North America
  • The US
  • Canada
• Europe
  • Germany
  • France
  • The UK
  • Italy
  • Spain
  • Russia & CIS
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • ASEAN
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • United Arab Emirates
  • Rest of the Middle East & Africa

Market Share & Key Players Analysis

The global range hood market is highly competitive and fragmented, with a few key players operating in the market. These players are focusing on expanding their product offerings and strengthening their market image through strategic partnerships.

Market Key Players:

• 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:

• Broan-NuTone will launch its new Designer Collection line of chimney hoods in October 2020. This line of products was created for today’s homes and offers excellent performance, a reasonable price, and silent operation.
• Franke Group’s Faber Hoods & Cooking Systems and Franke Kitchen Systems businesses amalgamated in July 2020. Long-term consolidation and growth of Franke’s dominant market position in these industries are the primary goals of the newly formed division.

Report Scope: