The cooker hood market value is expected to rise from USD 15,242.30 million in 2024 to USD 28,322.20 million by 2034. This market is analyzed to surge ahead at a CAGR of 6.4% over the next decade.
Key players are responding to the emerging demand for fashionable, contemporary minimalistic designs that have exclusive features to elevate the elegance of the kitchen. Players are offering a wide range of designs and sizes to ensure various consumers get the right fit for their kitchen requirements. Another focus area of market contenders is raising efficiency and reducing noise production during the use of cooking hoods.
Request a Sample Report and Explore New Growth Opportunities Now! https://www.futuremarketinsights.com/reports/sample/rep-gb-14890
Customers are attracted to kitchen chimney hoods that seamlessly integrate with kitchen design to help extract various cooking smells. Leading companies in the industry are expanding their operations in countries of Asia. For instance, Hafele is spreading its reach in countries of South Asia, such as Bhutan, Nepal, and Maldives.
Players are also introducing kitchen hoods that align with the latest design trends. For example, Hafele has introduced subtle ceramic-finished hoods in recent years, with the motive to elevate its design.
Key Takeaways from the Cooker Hood Market Report
- The cooker hood industry registered a CAGR of 4.2% during the historical period.
- The chimney/wall-mounted cooker hoods are expected to hold a dominating share of 70.1% in 2024.
- The application of cooker hoods is significantly high in the residential sector, which is expected to amass a share of 67.2% in 2024.
- Germany’s cooker hood industry is expanding at 5.80% over the forecast period.
- Growth rates vary in China and India, with India expanding at a promising 7.1% CAGR and China stretching at a moderate 5.3% CAGR, over the forecast period.
- The demand for cooker hoods in the United States is predicted to remain consistent at 5.4% over the projected period.
Competitive Strategies Adopted by Active Market Players
Industry participants are differentiating themselves by adopting various strategies. They are introducing technologies that bring in more efficiency. Some of the latest innovations include the improved fan designs developed for noise reduction and perimeter suction developed for better capture.
Players are also integrating cooker hoods with smart features like remote operation, voice control, and automatic adjustment according to cooking intensity. Manufacturers are further introducing a wider variety of finishes and styles to complement various kitchen aesthetics.
Another set of features that are nowadays seen in cooking heads include UV sterilization and carbon filters that improve indoor air quality by discarding bacteria and harmful particles. Players are targeting various customer groups, like design enthusiasts, budget-conscious buyers, and health-focused consumers with their marketing campaigns.
Market contenders are further focusing on their brand value by partnering with celebrity chefs and sponsoring cooking shows. These initiatives promote the benefits of cooker hoods and raise its customer base.
- Miele
- BSH Home Appliances Group
- Bosch
- 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
- Hafele Appliances
- Others (on request)
New Developments Molding the Cooker Hood Industry
- In January 2022, Hafele introduced a ceramic-finished hood, named Ceramica 90 cooker hood.
- In September 2023, Franke introduced an efficient and striking Smart Wall cooker hood to its product line. This launch features a cylindrical, minimalist design and offers sleek styling and powerful performance.
Gain Immediate Access to Detailed Market Insights! https://www.futuremarketinsights.com/checkout/14890
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 (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 ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
