Range Hood Market Analysis

Range Hood Market Analysis

To get key market trends

  Download Free Sample

Based on the product type the market is segmented into under cabinet, wall mount, ceiling mount, others. The wall mount segment holds the maximum share in the market and dominates the market with a revenue of around 8.7 billion in 2023 and is anticipated to grow with a CAGR of 6.6% during the forecast period.
 

Wall mount hoods are versatile and effective in various kitchen setups. Installed against the kitchen wall, these hoods capture and remove cooking odors, smoke, and grease efficiently. They come in different styles and sizes to fit various kitchen designs. Their popularity is due to their easy installation and compatibility with both traditional and modern kitchens. Trends driving this business include the growing demand for open kitchen layouts and the increasing focus on indoor air quality.
 

Based on the distribution channel of the range hood market is divided into direct selling, e-commerce, and others. The direct selling segment accounts for the major share in the industry with around 40.1% of the total market share and is anticipated to grow at a CAGR of 6.4% over the forecasted years. Direct selling is an important way to distribute range hoods. It lets manufacturers connect directly with customers. This method improves customer engagement by offering personalized service, where customers get tailored advice and detailed product information. Manufacturers use direct sales channels like showrooms and in-home consultations to build brand loyalty. Customers can see and try the products before buying them. A driving trend is the increasing demand for personalized shopping experiences.
 

Asia Pacific held a market share of around 50.7% in 2023 and is expected to grow at a CAGR of 6.6% during the estimated period. In the Asia-Pacific region, rapid urbanization and higher disposable incomes are driving investments in high-quality kitchen appliances, including range hoods. Many people prefer compact and multifunctional designs to fit smaller living spaces. Increased awareness of indoor air quality is boosting demand for advanced filtration systems that remove pollutants and improve ventilation. Smart technology is also becoming more popular, with consumers looking for features that make their lives easier.
 

North America: In terms of country, the U.S. dominated the range hood market with a share of around 85.6% of the total market share in North America in 2023 and is expected to grow at a CAGR of 6.4% in the forecasted timeframe. According to the U.S. Department of Energy, the demand for energy-efficient appliances, including range hoods, has increased by 15% over the past year. The pandemic has led to a heightened interest in home cooking, prompting consumers to invest in kitchen upgrades like range hoods.
 

For instance, as per Statista, in 2023/2024, the United States saw a trend in kitchen appliance upgrades. A survey indicated that 62% of respondents, either having replaced or planning to acquire a new range hood during renovations, chose to upgrade their refrigerator/freezer or dishwasher. This trend is driven by a focus on both functionality and aesthetics. Increased awareness of indoor air quality and the health risks associated with cooking emissions has further fueled demand for effective ventilation solutions. These solutions help eliminate smoke, odors, and airborne pollutants.
 

Europe: The European range hood market is expected to grow at a CAGR of 6.2% over the forecast period. German consumers prioritize quality and energy efficiency in their home appliances. This focus on sustainability has led to a surge in popularity for energy-efficient and eco-friendly range hoods. Brands that emphasize low energy consumption alongside high-performance filtration systems have seen notable success. Renowned for its engineering prowess, Germany extends this reputation to its kitchen appliance production, particularly range hoods.
 

Leading German manufacturers are celebrated for their innovative, durable, and high-quality range hoods, catering to both domestic and international markets. German consumers' preference for premium appliances that marry functionality with style is propelling the market for high-end, customizable range hoods.
 

Asia Pacific: China dominated the range hood market in the Asia Pacific region with a market share of around USD 63.1% in 2023 and is anticipated to grow at a CAGR of 6.8% during the forecast period. Chinese manufacturers are heavily investing in research and development, leading to the production of range hoods equipped with advanced features like smart technology, enhanced filtration systems, and quieter operations. These innovations have enabled Chinese firms to secure a substantial market share, especially as consumers lean towards high-tech kitchen solutions.
 

As urbanization accelerates in China, the appetite for modern kitchen appliances, especially range hoods, has surged. With urban migration and a shift towards contemporary living standards, there's an escalating demand for sophisticated kitchen tools. Notably, the burgeoning middle class is fueling a preference for premium products that seamlessly blend technology with aesthetics.