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Cooking Hood Market size is estimated to reach $17.7 billion by 2030, growing at a CAGR of 4.25% during the forecast period 2023-2030. The cooking hood market is expected to continue growing as consumers prioritize indoor air quality, energy efficiency, and modern kitchen designs. Technological advancements and a focus on environmental sustainability will likely shape the future of this market., finds IndustryARC in its recent report, titled “Cooking Hood Market Size, Share & Trends Analysis Report By Type (Wall Mounted Hoods, Down Draft, Ceiling Mounted Hoods, Others), By Application (Residential, Commercial), By Suction Power (Less Than 800 M3/h, 800-1200 M3/h, More Than 1200 M3/h), By End User (Homeowners, Commercial Establishments, Builders and Contractors), By Geography – Global Opportunity Analysis & Industry Forecast, 2023-2030.”
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Cooking Hood Market 2023-2030: Scope of the Report
|
Report Metric |
Details |
|
Base Year Considered |
2022 |
|
Forecast Period |
2023–2030 |
|
CAGR |
4.25% |
|
Market Size in 2030 |
$17.7 billion |
|
Segments Covered |
By Type, Application, Suction Power, End User and Region. |
|
Geographies Covered |
North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa). |
|
Key Market Players |
1. Asko Appliances 2. Broan, Inc. 3. BSH Home Appliances Corporation 4. Elica S.p.A. 5. Faber S.p.A. 6. Falmec S.p.A. 7. Miele, Inc. 8. Panasonic Corporation 9. Samsung Electronics 10. Whirlpool Corporation |
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Cooking Hood Market Report – Key Takeaways:
Rising Utilization of IoT Devices
The proliferation of IoT devices includes smart cooking hoods that empower users to remotely manage their hoods via smartphones or tablets. This offers exceptional convenience for homeowners, enabling them to activate the hood prior to cooking or deactivate it once they’ve completed their culinary tasks. Furthermore, IoT-enabled cooking hoods have the capability to gather data on cooking routines, furnishing users with valuable insights to enhance their cooking proficiency.
Rise in popularity of smart household cooking appliances
The trend of smart household cooking appliances is on the rise, and cooking hoods are following suit. Smart cooking hoods can seamlessly integrate with other intelligent kitchen devices like ovens and refrigerators, enhancing the overall cooking experience. For instance, a smart cooking hood can be set to activate automatically when an oven is in the preheating phase, demonstrating the synergy among these appliances.
Emergence of Cutting-Edge Cooking Hood Designs and Functionality
Manufacturers are increasingly introducing innovative cooking hood designs and features to meet the needs of consumers. For example, some cooking hoods now come with self-cleaning features, which can help to reduce the need for manual cleaning. Other cooking hoods are designed to be portable, so that they can be easily moved around the kitchen.
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Key Opportunity Analysis:
Growing consumer demand for intelligent and interconnected kitchen ventilation systems is on the rise. Consumers are actively seeking cooking hoods equipped with remote control capabilities and compatibility with other smart home appliances. This trend opens up significant prospects for manufacturers to pioneer novel cooking hood designs that incorporate these advanced functionalities.
Increasing attention on indoor air quality is prompting consumers to recognize its significance, leading to a heightened demand for cooking hoods that can enhance indoor air quality by effectively eliminating cooking fumes and smoke. Manufacturers can seize this opportunity by creating cooking hoods equipped with state-of-the-art filtration systems.
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The Report also Covers the Following Areas:
Cooking Hood Market Size and Forecast
Cooking Hood Market Trends
Cooking Hood Market Analysis by Deployment Type
Cooking Hood Market 2023-2030: Key Highlights
CAGR of the market during the forecast period 2023-2030
Value Chain analysis of key stakeholders
Detailed analysis of market drivers and opportunities during the forecast period
Cooking Hood Market size estimation and forecast
Competitive landscape and Vendor market analysis including offerings, developments, and financials
Comprehensive analysis of challenges and constraints in Cooking Hood Market
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The key companies profiled in the Cooking Hood Report are listed below:
Asko Appliances
Broan, Inc.
BSH Home Appliances Corporation
Elica S.p.A.
Faber S.p.A.
Falmec S.p.A.
Miele, Inc.
Panasonic Corporation
Samsung Electronics
Whirlpool Corporation
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