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North America Range Hood Market Size

Report ID: GMI12025
Published Date: Oct 2024
Report Format: PDF

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North America Range Hood Market Size

North America range hood market size was valued at USD 3.1 billion in 2023 and is estimated to grow at a CAGR of over 6.4% from 2024 and 2032. The surge in home renovations across North America is boosting demand for range hoods. As homeowners upgrade their kitchens, they're choosing stylish, energy-efficient hoods that fit well with modern, open-concept designs. These hoods not only look good but also play a crucial role in managing air quality and controlling cooking odors.

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Additionally, kitchen upgrades are seen as a smart investment for boosting property value. Manufacturers are meeting this demand with wall-mounted and island-style hoods that offer features like quiet operation and smart connectivity. These products blend seamlessly into redesigned spaces, appealing to homeowners who want both function and style. Higher disposable incomes and a shift towards home-centered lifestyles after the pandemic have also increased interest in high-end kitchen appliances. With more people willing to spend on home improvements, especially in urban and suburban areas, the range hood market is set for continued growth.

North America Range Hood Market Report Attributes
Report Attribute	Details
Base Year:	2023
North America Range Hood Market Size in 2023:	USD 3.1 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	6.4%
2032 Value Projection:	USD 5.4 Billion
Historical Data for:	2021 - 2023
No. of Pages:	160
Tables, Charts & Figures:	83
Segments covered:	By Product, Application, Distribution Channel, Region
Growth Drivers:	Increasing consumer awareness of indoor air quality Rise in residential remodeling and renovation activities Growing popularity of open-concept kitchens
Pitfalls & Challenges:	High competition leading to price sensitivity Stringent energy and emission regulations

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Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

North American range hood industry was valued at USD 3.1 billion in 2023 and is estimated to grow at a 6.4% CAGR from 2024 to 2032, driven by the surge in home renovations.

The wall mount segment generated around USD 1 billion in revenue in 2023 and is expected to grow at a 6.5% CAGR during the forecast period due to its space-saving design and suitability for open kitchens.

U.S. range hood market recorded approximately USD 2.7 billion in 2023 and is anticipated to grow at a 6.4% CAGR during the forecast period, driven by increased awareness of indoor air quality and energy efficiency.

Key players in the market include AB Electrolux, Air King America, LLC, Bertazzoni S.p.A., Broan-NuTone, LLC, BSH Home Appliances Corporation, Electrolux AB, Faber S.p.A., Frigidaire (a brand of Electrolux AB), GE Appliances (a Haier company), KOBE Range Hoods Inc., LG Electronics Inc., and Samsung Electronics Co., Ltd.