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Range Hood Market Share

Report ID: GMI4421
Published Date: Oct 2024
Report Format: PDF

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Range Hood Market Share

The market is fragmented, with several regional companies operating on a global scale. Together these companies hold a market share of 5%-10% of the total market. Companies in the industry are investing heavily in R&D to launch new products. They are using energy-efficient LED lighting, digital display controls, perimeter suction filters, and low-power electronics to cut down on energy use. An advanced digital display control panel on the range hood adds new features, with high-quality buttons and an LED panel to show these functions. Companies like Broan, Inc., Air King America, LLC, and Electrolux are following the ENERGY STAR label, which helps them save a lot of electricity. They are also developing better motors and blowers to reduce power use and noise, making the products more comfortable for customers and boosting the business.

Range Hood Market Companies

Major players operating in the industry are:

Asko Appliances
BSH
Captive-Aire Systems
Elica
Empava Appliances
Faber
Falmec
Fotile
GE Appliances
Kitchen Aid
Kobe Range Hoods
Pacific Range Hood
Panasonic
Samsung Electronics
Viking Range
Windster Hoods

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global range hood industry was valued at USD 19.9 billion in 2023 and is projected to expand at a CAGR of 6.4% from 2024 to 2032. The rapid growth of the quick-service restaurant and food sector can be attributed to increasing consumer spending on dining out.

The wall mount segment dominates the market, generating approximately USD 8.7 billion in revenue in 2023. It is forecasted to grow at a CAGR of 6.6% during the projected period.

In the Asia-Pacific region, rapid urbanization and rising disposable incomes are fueling investments in premium kitchen appliances, including range hoods. Theres a growing preference for compact, multifunctional designs suitable for smaller living spaces.

Key players in the industry include Asko Appliances, BSH, Captive-Aire Systems, Elica, Empava Appliances, Faber, Falmec, Fotile, GE Appliances, Kitchen Aid, and Kobe Range Hoods.