In the dynamic realm of kitchen appliances, the global kitchen hood system market is experiencing steady advancement, projecting a moderate Compound Annual Growth Rate (CAGR) of 3.9% for the forecast period. As of 2023, the market boasts a valuation of US$ 12.58 billion, indicating its current standing. Analysts at Future Market Insights anticipate a significant upswing in sales, with kitchen hood systems poised to generate an impressive US$ 18.45 billion in revenue by 2033. Reflecting on the base year, when the market exhibited a slower CAGR of 1.5%, historical data reveals a market valuation of US$ 12.13 billion.
The escalating global demand for home kitchen appliances, driven by technological advancements, is reshaping the culinary landscape. The adoption of advanced kitchen gadgets, particularly kitchen exhaust hoods, has been notably influenced by our increasingly hectic lifestyles. Manufacturers of kitchen hood systems are actively vying for market share through diverse marketing strategies, placing a noteworthy emphasis on social media. Promotions, campaigns, commercials, and deals have emerged as powerful tools in attracting a broader customer base.
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The primary factor that is driving the sales of kitchen hood system is manufacturers using multiple layers, sound absorbing base, and filtration system motors to reduce noise. Moreover, they are also concentrating on developing innovative devices owing to consumer preference for smart features such as installation of temperature, wireless connectivity, noise reduction, infrared sensors, and optic in the products.
One significant factor that promotes the market growth is the stringent regulations implemented by various regional governments regarding the hygiene and cleanliness in food chains and restaurants, which has mandated the installation and adoption of kitchen hood system. Certain key players claim to manufacture kitchen hood systems of the highest quality.
Furthermore, they are expected to allow easy cleaning of stains that are traced due to the kitchen works, highly durable, and sold at the best price in the market. Fresh air produced from these systems, that are equipped with Fresh Air Systems, releases pleasant air at all times and it allows the staff to work in the best condition.
Key Takeaways:
- Germany is anticipated to achieve a remunerative CAGR of 21.6%, during the time covered by the projections. This is attributed to the presence of key market players and manufacturers who claim to provide a range of kitchen hood systems of the highest quality, with very affordable prices, whilst being mindful of the impact of their use and manufacture has upon the environment.
- In 2023, the U.S. maintained its position as the market leader, with a revenue share that was greater than 21.6%. The primary elements that are contributing to the expansion of the market in this region are, the prosperous food and hospitality sector, the fast-growing foodservice industry, rapid urbanization and the increasing number of food outlets are largely responsible for the expansion of the country. Moreover, the growing desire to keep households and commercial kitchens fresh, and moisture and pollution free is further expected to contribute to the increasing demand for kitchen hood system.
- Owing to the efficiency and compact structure, the “chimney/wall mounted” product type holds the highest revenue share in 2023, accounting for more than 39.4% of total revenue. The hood system can be installed on the ceiling or mounted on the wall which leaves a lot of room or space for other furniture or appliances.
- The “extraction” technology type accounted for more than 58.2% of the total income generated in 2023. Apart from capturing the same efficiency as hoods, the extraction technology also reduces airflow and minimizes the impact of cross drafts.
Key Players:
- Bosch
- SNDOAS
- Proline
- Rani Trunk House
- Faber
- Miele
- BSH Home Appliance Group
- Siemens
- Inflame Appliances Ltd
- Eico A/S
- Westin
- Candy Hoover Group S.r.l
- Falmec Kitchen Appliance Limited
- Hafele Appliances
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Market Segmentation Analysis:
By Product Type:
- Chimney/Wall Mounted
- Integrated Kitchen Hoods
- Downdraft Kitchen Hoods
By Technology:
- Extraction Technology
- Filterless Technology
By Application:
- Residential
- Commercial
By Sales Channel:
- Multi-branded Stores
- Exclusive Stores
- Online Stores
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia and the Pacific
- Middle East and Africa
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Author:
Ronak Shah (Associate Vice President at Future Market Insights) is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.
What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers’ shifting preferences.
She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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