Global Range Hood Market to Generate Revenues of over $82 billion by 2025 – Market Research by Arizton

Range Hood Market Overview 2025

Range Hood Market Overview 2025

Best Market Research Report on Range Hood Market

Arizton Advisory and Intelligence

Range Hood Market Segments 2025

Range Hood Market Segments 2025

The global range hood market is expected to grow at a CAGR of over 6% during the period 2019–2025.

CHICAGO, IL, UNITED STATES, February 18, 2020 /EINPresswire.com/ — According to Arizton’s recent research report, Range Hood Market – Global Outlook and Forecast 2020-2025 is expected to grow at a CAGR of around 7% during the period 2019−2025.

Global Range Hood Market – Key Highlights:

1. Integrated range hoods was the largest segment in 2019 owing to the lack of kitchen space in most of the households in APAC and Latin America which is expected to grow at a CAGR of around 5% by 2025.
2. The ducted chimneys are preferred over ductless due to the increased exhausting feature which is expected to post an incremental sale of over 50 million units during the forecast period.
3. The range hoods with medium suction power is expected to remain as the dominant segment as it is suited for kitchens in countries like India. They are also preferred in commercial kitchens for the powerful suction capacity which is expected to grow at a CAGR of around 5% by 2025.
4. The residential application is expected to account for more than 50% of the total unit shipments by 2025.
5. The rise in number of modular kitchens and the stringent government regulations in hotels and QSR’s have enabled the surge in adoption of range hoods in the past decade.
6. APAC is expected to grow at the fastest CAGR of over 8% during the forecast period.

Range Hood Market Report – Key Offerings:
• Market Size & Forecast by Revenue | 2019−2025
• Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
• Market Segmentation – A detailed analysis by installation, application, suction capacities, ventilation, distribution, and geography
• Competitive Landscape – Profile of 5 key vendors and 42 other vendors

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The following factors are likely to contribute to the growth of the range hood market during the forecast period:

Rise in QSR and Hotels
Expanding Nuclear Families & Rising Women Employment
High Awareness of Benefits of Cooking Hood
Growth of IoT in Kitchen Appliances
Increase in Energy-efficient Smart Appliances

The study considers the present scenario of the global range hood market and its market dynamics for the period 2019−2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The study offers both the demand and supply aspect of the market. It profiles and examines leading companies and other prominent companies operating in the market.

Key Vendors

HARMAN International
Business Overview
Major Product Offerings
Key Strengths
Key Strategies
Key Opportunities
Vent-A-Hood
BROAN
Haier
Midea

Other Vendors

SMEG
Company Overview
Product Offerings
Faber
VATTI
Fagor
Carysil
Sunflame
IFB
Glen
Kutchina
Pigeon
Prestige
KAFF
BrightFlame
Cosmo
Firebird
AKDY
EKON
Winflo
Zuhne
Hindware
Prima
Eden
Elba
Eurodomo
Pureflames
Maytag
Amana
Miele
Thermador
Zephyr
Wolf
Viking
BSH
GE
KitchenAid
Cata
Panasonic
Samsung
Electrolux
Siemens
Novy

Market Segmentation by Installation

Integrated
Wall-mounted
Island
Downdraft

Market Segmentation by Ventilation

Duct
Ductless

Market Segmentation by Suction Capacities

Low
Moderate
High

Market Segmentation by Application

Commercial
Residential

Market Segmentation by Distribution

Offline
Online

Market Segmentation by Geography

Europe
UK
France
Spain
Italy
Germany
APAC
China
Japan
South Korea
Australia
India
Latin America
Brazil
Mexico
North America
US
Canada
MEA
South Africa
Saudi Arabia
UAE

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Jessica
Arizton Advisory & Intelligence
+1 312-235-2040
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Source: EIN Presswire