The UK range hood system market is expected to expand at a CAGR of 6.9% during the forecast period. China is expected to grow at a compound annual growth rate of 8.2% during the forecast period. Cooking hoods market is likely to maintain a valuation of US$17.85 billion by 2033.
NEWARK, Del., Dec. 29, 2022 (GLOBE NEWSWIRE) — The global kitchen range hood system market is expected to have a medium-paced CAGR of 3.9% during the forecast period. The current valuation of the range hood system market is US$ 12,587.8 million in 2023. The range hood system market value is expected to reach a high level of US$ 18,454.7 million by 2033.
The primary factor driving range hood system sales is manufacturers that use multiple layers, sound absorbing base and filter system motors to reduce noise. Moreover, they also focus on developing innovative devices due to consumer preference for smart features such as temperature stabilization, wireless connectivity, noise reduction, infrared sensors, and optics in products.
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An important factor boosting market growth is the stringent regulations implemented by different regional governments regarding hygiene and hygiene in food chains and restaurants, which have mandated installation and certification of kitchen hood system. Some of the major players claim to manufacture the highest quality range hood systems.
Moreover, it is expected to allow easy cleaning of stains that are tracked due to kitchen work, is very durable, and is sold at the best price in the market. Fresh air from these systems, equipped with fresh air systems, releases pleasant air at all times and allows employees to work in the best condition.
Major players also claim that their range hood systems are easy to maintain. It is ideally designed to get rid of most of the pollution and smoke in the kitchen area and create a working environment within a short period, by incurring less electricity charges.
This is likely to increase the demand for the range hood system among the people. In addition, these extractors are available in different sizes and models as well, to meet the needs of the customers. Kitchen hood systems are mainly used where a large amount of food is being prepared due to their efficiency and hence demand is increasing with a higher suction power range among commercial kitchens.
Moreover, kitchen exhaust fans and extractor ventilation suck moisture from the air that can cause cracks in walls and ceilings. This is expected to further drive the kitchen hood system market share growth. There has also been a rise in the popularity of smart home cooking appliances due to changing lifestyles and busy work schedules. The increase in the deployment of IoT devices has increased the demand for the products globally.
Manufacturers engage in research and development (R&D) activities for new products due to the existence of hydraulic efficiency regulations, including those for ventilation systems and hood systems, and related fuel combustion emissions controls.
In addition, manufacturers are also creating innovative products such as UV protection hoods, self-cleaning devices, and portable kitchen hood systems. All these factors are contributing to the increase in demand for the products and it is expected to expand the size of the global Kitchen Range Hood Systems market.
However, the main issues restricting cooker sales are restricted business hours, limited and fluctuating access to ingredients, and other supply chain related activities.
Moreover, the high maintenance costs and the presence of alternatives in the market may challenge the growth of the market. Consumers globally are becoming aware of the harmful consequences of global warming effects, as well as the significant increase in pollution that may be a concern due to the adoption and overuse of the range hood system.
main sockets:
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Germany is expected to achieve a rewarding compound annual growth rate of 21.6% during the forecast period. This is attributed to the presence of major market players and manufacturers who claim to offer a range of range hood systems of the highest quality at very reasonable prices, while considering the impact of their use and manufacture on the environment.
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In 2023, the United States maintained its position as the market leader, with a revenue share of more than 21.6%. The primary factors contributing to the expansion of the market in this region are, the thriving food and hospitality sector, fast growing food service industry, rapid urbanization, and the growing number of food outlets are largely responsible for the expansion of the country. Moreover, the increasing desire to keep homes and commercial kitchens fresh and free from moisture and contamination is expected to contribute to the increased demand for the range hood system.
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Due to the efficiency and compact structure, the “chimney/wall-mounted” product type holds the highest share of revenue in 2023, accounting for more than 39.4% of total revenue. The hood system can be ceiling mounted or wall mounted leaving plenty of room or space for furniture or other appliances.
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The “extraction” type of technology accounted for more than 58.2% of the total income generated in 2023. Apart from having the same efficiency as hoods, the extraction technology also reduces airflow and reduces the effect of cross drafts.
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Competitive scene:
Growth initiatives such as product innovation, regulatory approval of new products, and mergers and acquisitions are the primary focus of the Range Hood System market leaders. For example, in July 2022, Franke launched the Avant Silence collection hoods, which combine high performance with low noise levels. The new wall and island hoods are ideal for open kitchens. These models are equipped with the new Franke Sound Pro Blowers, which provide noise reduction and a more pleasant playback sound. Furthermore, in March 2022, Smart Product Concepts Ltd. announced. announced the launch of the AirHood, a portable cooking hood. The AirHood is available for pre-order via Kickstarter, and early backers will receive exclusive discounts of up to 40%. The following companies are the leaders in the global market for kitchen hood systems:
The main segments of the kitchen hood system market
By product type:
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Chimney/wall mounted
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Integrated kitchen hoods
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Kitchen hoods
By technology:
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extraction technique
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No filter technology
By application:
By sales channel:
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Multi-brand stores
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Exclusive stores
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active shops
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others
By region:
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North Amarica
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Latin america
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Europe
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East Asia
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South Asia and the Pacific
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Middle East and Africa
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content list
1. Executive summary
1.1 Global Market Outlook
1.2 Demand Side Trends
1.3 Supply-side trends
1.4 Technology Roadmap
1.5 Analysis and recommendations
2. Market overview
2.1. Market coverage/classification
2.2. Market definition/scope/constraints
3. Key market trends
3.1. The main trends affecting the market
3.2 Product Innovation / Development Trends
4. Key success factors
4.1 Product Adoption/Usage Analysis
4.2 Product features/features
4.3 Strategic Promotional Strategies
5. Global Market Demand Analysis 2018-2022 and Forecast, 2023-2033
5.1 Historic Market Size Analysis (Units), 2018-2023
5.2 Current and Future Market Size Projections (Units), 2023-2033
5.3 Annual growth trend analysis
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