Asia Pacific Range Hood Market Analysis

Asia Pacific Range Hood Market Analysis

Based on product, the market is segmented into under cabinet, wall mount, ceiling mount and others. The wall mount segment dominated the market in 2023, generating a revenue of around USD 5.5 billion of the total market in 2023, and is expected to grow at a CAGR of 6.8% in the forecast timeframe. The wall mount segment is driving growth in the market. Consumers are increasingly drawn to these models for their blend of style and function. Wall-mounted range hoods offer a sleek look while effectively removing cooking odors and smoke.
 

They're especially popular in urban areas, where space-saving designs are valued. The surge in home renovations has further boosted demand. Homeowners updating their kitchens often choose wall-mounted range hoods to enhance their interior design. These products now come with advanced features like energy-efficient motors and smart connectivity, adding to their appeal.
 

Based on application, the Asia Pacific range hood market is classified into residential and commercial. The residential segment dominated the market in 2023, with a share of around 67.9% of the total market share and is expected to grow at a CAGR of 6.7% in the forecast timeframe. The market's residential segment is growing rapidly. This growth stems from urbanization, higher incomes, and a focus on home improvement. As people become more aware of indoor air quality, demand for effective and attractive range hoods is rising. The market offers various options like wall-mounted, under-cabinet, and island hoods to suit different tastes. Manufacturers are adding smart features and energy-efficient designs to make their products more user-friendly and eco-friendlier.
 

China dominates the Asia Pacific’s range hood market with a revenue of around USD 10.1 billion in 2023 and is expected to grow at a CAGR of 6.6% in the forecasted timeframe. China's range hood market is booming, fueled by urbanization and rising incomes. As more Chinese households modernize their kitchens, demand for these appliances is surging. The thriving construction industry and an expanding middle class seeking better living standards further drive this growth. However, innovation lags behind market expansion. Many Chinese manufacturers invest little in R&D, struggling to create unique products that cater to changing consumer tastes. This innovation gap could weaken the sector's long-term competitiveness, despite its current growth trajectory.