What is Cooking Hood Market?
A cooking hood is an air intake device connected to a mechanical exhaust ventilation system to eliminate grease, vapor, fumes, smoke, steam, heat, or odor. A cooking hood is also called a range hood, cooker hood, etc. The lifestyle of people has changed over the past decade and cleanliness of the kitchen is an important consideration. The rise in the adoption of IoT devices and the increase in popularity of cooking hood with smart features are expected to drive the cooking hood market during the forecast period. Additionally, the introduction of innovative shapes and sizes and additional features for increased usability are likely to boost the market.
The market study is being classified by Type (Wall Mounted Hoods, Ceiling Mounted Hoods and Under Cabinet Type Hoods), by Application (Residential and Commercial) and major geographies with country level break-up.
Asko Appliances AB (Sweden), NuTone (United States), BSH Home Appliances (Germany), ELICA (Italy), Faber (India), Falmec (Italy), Miele (Germany), Panasonic Corporation (Japan), Samsung Electronics (South Korea) and Whirlpool (United States) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Global Vendors will contribute to the maximum growth of Global Cooking Hood market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Cooking Hood market by Type, Application and Region.
On the basis of geography, the market of Cooking Hood has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Number of Hotels and restaurants
- Regulations Laid by Government and Associations regarding Cleanliness and Hygiene
- Rising Disposable Income and Growing Purchasing Power
- Increase in Popularity of Cooking Hood with Smart Features
- Introduction of Innovative Shapes and Sizes in Cooking Hood
- Presence of Substitute
- High Cost of Cooking Hood
- Increasing Penetration of Modern Kitchens
- Manufacturers are Investing On Research & Development Activities to Launch Innovative Product
Market Leaders and some development strategies
In July 2020, the Franke Group announced the merger of the Faber Hoods & Cooking Systems and Franke Kitchen Systems divisions. As of January 1, 2021, the new division will operate under the name of Franke Home Solutions. The Franke Group is thereby pooling its expertise in the areas of food preparation and cooking for the residential kitchen. The vision is to be present in each and every household with a Franke anchor product.
In Mar 2019, Electrolux announces the launch of a brand new kitchen range to be rolled out across Europe. Combining technology with human-centric Scandinavian design, it takes the cooking experience to a whole new level for the consumer.
Key Target AudienceVenture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Cooking Hood Manufacturers, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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