Range Hood Market Analysis by Emerging Growth Factors and Revenue Forecast to 2026
Category: #business  By Rahul Varpe  Date: 2020-01-14
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Range Hood Market Analysis by Emerging Growth Factors and Revenue Forecast to 2026

Range Hood Market report offers in-depth analysis of the market size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and challenges.

North America and Europe are set to reign supreme in range hood market against the backdrop of soaring palpability of commercial range hood systems. Notable development of foodservice industry and increased demand for modular kitchen serve as a catalyst in the expansion of North America range hood industry size.

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APAC region is expected to offer lucrative opportunities to players vying to expand their footprints. The region is indicative of an expanding construction industry and end-users are increasingly inclined to add aesthetic value to their home, thereby boosting range hood market share. Not to mention, the continent is also indicative of a growing F&B sector and increasing restaurants and the like, further augmenting the demand for range hoods.

Range hood market size is poised to increase in the wake of burgeoning millennial- and gen-Z population. The tendency to add charm and elegance, and urgency to ward off irritants, odors, and grease which are expelled into the air have signified the relevance of range hoods. One of the common trends in kitchen designing has been the inclination to remove walls in the kitchen to make a spacious environment. Along with reducing the amount of toxic air, range hood has become popular to help cut down development of germs, bacteria and mold in the kitchen. Commercial kitchen has been a major recipient of range hoods, with wall-mount gaining overarching traction. Consumers are vividly inclined towards wall mount commercial wood for it offers seamless ventilation power.

Grime and grease deposits tend to coagulate and turn into flammable glue-like substance inside the commercial kitchen hood system, thereby placing customers, employees and assets into potential danger of fire emergency. Range hood, thus, has gained traction in hotels and restaurants. The expansion of Quick Service Restaurants (QSRs) and food outlets has added further impetus to the commercial range hood systems. As such, commercial range hood system segment is anticipated to expand substantially during the forecast period.

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The residential sector has been one of the major revenue grounds for stakeholders as far as the adoption of range hood is concerned, as it tends to bring style and add aesthetic value to the home, along with enhancing air quality and home value. With the surge of sleek and stylish kitchen appliances, range hood has become the linchpin and decorative feature in the kitchen. To reiterate, range hood helps improve air quality by obliterating odors, grease, smoke that are released while cooking.

The emergence of smart range hood has augured well for the industry as end-users vie to offer seamless experience to customers. The inclusion of touch control and LED lighting has complemented smart range hood. Stakeholders are increasingly integrating LED lighting to conserve energy and play invaluable role in conserving environment.

Presence of prominent manufacturing companies such as Elica, Broan-NuTone, Vent-A-Hood, Faber have further presented the possibility of a positive North America range hood market forecast

Partial Table of Content of Range Hood Market:

Chapter 1. Methodology and Scope

1.1. Definitions & forecast parameters

1.1.1. Definitions

1.1.2. Methodology and forecast parameters

1.2. Data Sources

1.2.1. Secondary

1.2.2. Primary

Chapter 2. Executive Summary

2.1. Range hood market 360° synopsis, 2015 – 2026

2.1.1. Business trends

2.1.2. Product trends

2.1.3. Application trends

2.1.4. Distribution channel trends

2.1.5. Regional trends

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Chapter 3. Range Hood Market Insights

3.1. Industry segmentation

3.2. Industry landscape, 2015 – 2026

3.3. Industry ecosystem analysis

3.3.1. Component suppliers

3.3.2. Manufacturers

3.3.3. Distribution channel analysis

3.3.4. End-use landscape

3.3.5. Vendor matrix

3.4. Technology & innovation landscape

3.5. Regulatory landscape

3.5.1.1. North America

3.5.1.2. Europe

3.5.1.3. Asia Pacific

3.5.1.4. Latin America

3.5.1.5. MEA

3.6. Industry impact forces

3.6.1. Growth drivers

3.6.1.1. Increasing numbers of quick service restaurants & food joints across the globe

3.6.1.2. Rising consumer disposable income in the U.S. is supporting the adoption of range hoods in residential applications

3.6.1.3. Implementation of stringent government food safety & hygiene regulations in North America & Europe

3.6.1.4. The growing demand for range hoods in modular kitchens in Latin America and Europe

3.6.1.5. Increasing consumer awareness and product popularity in Asian countries

3.6.1.6. Rapid development of residential infrastructure in China, Japan, and Australia

3.6.1.7. Proliferation of the South African kitchen appliances industry

3.6.2. Industry pitfalls & challenges

3.6.2.1. High initial costs required for advanced kitchen hoods

3.6.2.2. Limited consumer awareness in small countries

3.6.2.3. Availability of low-cost exhaust systems

3.7. Growth potential analysis

3.8. Porter's analysis

3.8.1. Supplier power

3.8.2. Buyer power

3.8.3. Threat of new entrants

3.8.4. Threat of substitutes

3.8.5. Internal rivalry

3.9. Competitive landscape, 2018

3.9.1. Company market share analysis

3.9.2. Strategy dashboard (New product development, M&A, R&D, Investment landscape)

3.10. PESTEL analysis

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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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