Dublin, Oct. 23, 2024 (GLOBE NEWSWIRE) — The “Residential Cooking Steps – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for residential cooking hoods was valued at USD 4.1 billion in 2023 and is projected to reach USD 4.8 billion by 2030, growing at a CAGR of 2.5% from 2023 to 2030. This comprehensive report provides an analysis in-depth market trends, drivers and forecasts, helping you make informed business decisions.
The growth in the residential range hood market is driven by several factors
Growth in the residential range hood market is driven by several factors, including increasing consumer awareness of indoor air quality and the health benefits of effective kitchen ventilation. The growing trend of modular kitchens and open-concept living spaces has increased the demand for aesthetically appealing and functional range hoods.
Additionally, technological advances, such as smart controls and energy-efficient models, are accelerating market adoption. The introduction of strict energy efficiency standards and regulations regarding indoor air quality is also driving the demand for high-performance extractor hoods. Additionally, the expansion of the home improvement and remodeling sector, especially in urban areas, is further fueling the market growth.
What are the main features of residential hoods?
Bathroom hoods are a critical part of modern kitchens, serving as ventilation systems that remove airborne grease, combustion products, fumes, smoke and odors from the air. These hoods have become an essential device in living spaces due to their ability to maintain indoor air quality and improve the aesthetics of the kitchen.
Cooker hoods are available in a variety of designs, such as wall-mounted, island and under-cabinet models, offering consumers a wide range of options to suit kitchen layouts and decor preferences. They are equipped with powerful suction fans and filters that capture contaminants, making kitchens safer and more comfortable to use. Some models also come with advanced features like noise reduction technology and energy-efficient LED lighting.
How are regulatory requirements affecting the residential vacuum cleaner market?
Regulatory requirements regarding indoor air quality and energy efficiency have had a significant impact on the residential range hood market. Governments and environmental agencies, especially in developed regions, have introduced strict regulations that encourage the adoption of energy-efficient and environmentally friendly kitchen appliances.
As a result, manufacturers are focusing on developing hoods that not only meet these regulations, but also offer superior performance. Cooker hoods with energy ratings and certificates are increasingly sought after by environmentally conscious consumers. In some regions, building codes mandate the installation of ventilation systems in the home, further driving the demand for high-performance hoods.
What are the emerging trends in hood design and technology?
The residential vacuum cleaner market has seen significant innovations in terms of design and technology. The rise of smart kitchen appliances has led to the development of hoods with built-in sensors that automatically adjust the fan speed based on the intensity of cooking. In addition, the growing trend of minimalism in kitchen design has influenced manufacturers to create sleeker, more compact models that blend seamlessly with modern kitchen aesthetics. Innovations such as touchless controls, Wi-Fi connectivity and app-based monitoring are becoming standard on premium models.
Additionally, noise reduction technology is a key focus for manufacturers as consumers increasingly demand quieter appliances that improve the overall cooking experience.
Key insights:
- Market Growth: Understand the significant growth trajectory of the Chimney / Wall Mounted Hoods segment, which is expected to reach USD 3.0 billion by 2030 at a CAGR of 2.8%. Iceland cooking hoods segment is also set to grow at 2.4% CAGR during the analysis period.
- Regional Analysis: Gain insights into the US market, estimated at $1.1 billion in 2023 and China, projected to grow at an impressive CAGR of 4.6% to reach $930.5 million by 2030. Discover growth trends by region other key markets, including Japan, Canada, Germany, and Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in USD million from 2023 to 2030.
- In-depth regional analysis: Detailed insights into key markets, including the US, China, Japan, Canada, Europe, Asia-Pacific, Latin America, the Middle East and Africa.
- Company Profiles: Covering major players like Airone Srl, Asko Appliances AB., Broan NuTone LLC, and more.
- Complementary updates: Get free report updates for a year to keep you informed of the latest market developments.
Main attributes:
| The report attribute | The details |
| Number of pages | 186 |
| Forecast period | 2023 – 2030 |
| Estimated market value (USD) in 2023 | 4.1 billion dollars |
| Projected market value (USD) by 2030 | 4.8 billion dollars |
| Compound annual growth rate | 2.5% |
| Regions covered | global |
Main topics covered:
MARKET SUMMARY
- Influencer Market Insights
- World Market Trajectories
- The impact of COVID-19 and an impending global recession
- Residential range hoods – Market share of major global competitors in 2024 (E)
- Competitive market presence – strong/active/country/irrelevant for worldwide players in 2024 (E)
TRENDS AND INDICATORS
- Increasing consumer focus on indoor air quality is driving the demand for efficient cooker hoods
- The rise of smart homes expands the addressable market for smart and connected vacuum cleaners
- The increasing adoption of open kitchen designs drives the demand for aesthetic and functional hoods
- Technological advances in noise reduction strengthen the business case for quieter vacuum cleaners
- The growing popularity of modular kitchens is driving innovation in sleek and compact range hood designs
- Increasing awareness of the health benefits of appropriate ventilation drives Adoption of high capacity aspirators
- Expanding urban housing developments generate demand for affordable and space-saving cooker hoods
- The growing trend of luxury kitchen appliances accelerates the demand for premium range hood models
- The increased focus on sustainability and recyclable materials is driving the growth of eco-friendly vacuum cleaners
- Advances in air cleaning technologies are driving the adoption of multi-function aspirators
- Growing influence of smart kitchen devices generates demand for voice-controlled and app-connected cooking hoods
- Expanding remodeling and renovation projects boost sales of improved range hoods
FOCUS ON SELECTED PLAYERS (Total 42 featured)
- Airone Srl
- Asko Appliances AB.
- Broan NuTone LLC
- Elica SpA
- Faber Kitchen Appliances
- Falmec SpA
- Fisher & Paykel Appliances Ltd.
- The Franke Group
- Haier Smart Home Co., LTD.
- KOBE range hoods
For more information about this report, visit https://www.researchandmarkets.com/r/t0fgls
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The residential cooker hood market
