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Europe’s market is fragmented, with prominent players holding a market share of 10%-15% of the total market share. In the European market, companies are increasingly focusing on innovation and sustainability to meet the evolving demands of consumers. There is a notable shift towards energy-efficient models, driven by stringent regulatory standards and growing awareness of indoor air quality.
Major players operating in the Europe’s market include:
The wall mount segment generated approximately USD 1.9 billion in 2023 and is expected to grow at a 6.3% CAGR by 2032 due to the rising demand for space-efficient and aesthetically pleasing kitchen solutions.
European range hood industry was valued at USD 6.1 billion in 2023 and is estimated to grow at a 6.2% CAGR from 2024 to 2032, driven by increasing concerns over indoor air quality.
Germany's range hood industry recorded around USD 1.3 billion in 2023 and is projected to grow at a 6.5% CAGR by 2032, led by consumer preference for energy-efficient appliances.
Key players in the market include AB Electrolux, AEG-Electrolux, Bauknecht Hausger