The global cooker hoods market is anticipated to grow at a 4.9% CAGR, with sales expected to reach US$ 12.1 Billion in 2022. In light of this, the global market for cooker hoods will grow to US$ 17.15 billion by 2032. Cooker hood sales account for 5–10% of the global market for home appliances.
One more thing pushing the market is having big companies in the country. As technology gets better, small and medium businesses are doing well by making new deals with tech startups. This is helping these companies to sell more cooker hoods.
An FMI expert says, “Smart kitchen appliances and ductless cooking hoods around the world will increase market growth in coming years.
In Europe, the U.K is expected to have a big piece of the market because new and better home appliances that save energy are being made quickly there.
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Key Takeaways:
- Based on product type, sales of integrated cooker hoods will remain high.
- By applications, demand for cooker hoods in the residential segment will gain traction.
- In terms of sales channel, the exclusive stores segment will expand at a considerable pace over the assessment period.
- The U.K. will continue dominating the Europe cooker hoods market over the forecast period amid high demand for smart kitchen appliances.
- India will emerge as a lucrative pocket owing to the expansion of the foodservice sector in the country.
Competition Landscape
Appliances are being integrated with Internet of Things (IoT) platforms by market players. Apps for mobile and desktop devices allow smart kitchen equipment to work remotely and wirelessly,in real-time. Mergers and acquisitions, as well as product development and innovation, are among the strategies adopted by key players to gain a competitive edge.
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Adding new features and functionality is a major concern for companies. Major players present in the Cooker Hoods market are Bosch, Miele, Siemens, Elica hoods, Midea, Luxair Cooker Hoods Limited, Inflame Appliances Ltd, Eico A/S, Westin, Candy Hoover Group S.r.l, Falmec Kitchen Appliance Limited and Hafele Appliances among others.
Cooker Hoods Market by Category
By Product Type:
- Chimney/wall-mounted cooker hoods
- Integrated cooker hoods
- Downdraft cooker hoods
By Technology:
- Extraction Technology
- Filter less Technology
By Application:
- Residential
- Commercial
By Sales Channel:
- Multi-Brand Stores
- Exclusive Stores
- Online Stores
- Independent Stores
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East and Africa (MEA)
About Future Market Insights, Inc. (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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