In the dynamic landscape of kitchen appliances, the global kitchen hood system market is steadily advancing, projecting a moderate Compound Annual Growth Rate (CAGR) of 3.9% for the forecast period. With a current valuation of US$ 12.58 billion as of 2023, industry analysts from Future Market Insights anticipate a significant surge in sales, foreseeing kitchen hood systems to generate an impressive US$ 18.45 billion in revenue by 2033. Reflecting on the base year’s slower CAGR of 1.5%, historical data reveals a market valuation of US$ 12.13 billion.
The surging global demand for home kitchen appliances, propelled by technological advancements, is reshaping the culinary landscape. The adoption of cutting-edge kitchen gadgets, particularly kitchen exhaust hoods, is notably influenced by the increasingly hectic lifestyles of consumers. Manufacturers in the kitchen hood systems sector are actively competing for market share through diverse marketing strategies, placing significant emphasis on social media. Promotions, campaigns, commercials, and deals have emerged as powerful tools in attracting a broader customer base.
Ready To Redefine Success? Request Our Sample Report And Unlock A New Era Of Possibilities: https://www.futuremarketinsights.com/reports/sample/rep-gb-16136
The primary factor that is driving the sales of kitchen hood system is manufacturers using multiple layers, sound absorbing base, and filtration system motors to reduce noise. Moreover, they are also concentrating on developing innovative devices owing to consumer preference for smart features such as installation of temperature, wireless connectivity, noise reduction, infrared sensors, and optic in the products.
One significant factor that promotes the market growth is the stringent regulations implemented by various regional governments regarding the hygiene and cleanliness in food chains and restaurants, which has mandated the installation and adoption of kitchen hood system. Certain key players claim to manufacture kitchen hood systems of the highest quality.
Furthermore, they are expected to allow easy cleaning of stains that are traced due to the kitchen works, highly durable, and sold at the best price in the market. Fresh air produced from these systems, that are equipped with Fresh Air Systems, releases pleasant air at all times and it allows the staff to work in the best condition.
Key Takeaways:
- Germany is anticipated to achieve a remunerative CAGR of 21.6%, during the time covered by the projections. This is attributed to the presence of key market players and manufacturers who claim to provide a range of kitchen hood systems of the highest quality, with very affordable prices, whilst being mindful of the impact of their use and manufacture has upon the environment.
- In 2023, the U.S. maintained its position as the market leader, with a revenue share that was greater than 21.6%. The primary elements that are contributing to the expansion of the market in this region are, the prosperous food and hospitality sector, the fast-growing foodservice industry, rapid urbanization and the increasing number of food outlets are largely responsible for the expansion of the country. Moreover, the growing desire to keep households and commercial kitchens fresh, and moisture and pollution free is further expected to contribute to the increasing demand for kitchen hood system.
- Owing to the efficiency and compact structure, the “chimney/wall mounted” product type holds the highest revenue share in 2023, accounting for more than 39.4% of total revenue. The hood system can be installed on the ceiling or mounted on the wall which leaves a lot of room or space for other furniture or appliances.
- The “extraction” technology type accounted for more than 58.2% of the total income generated in 2023. Apart from capturing the same efficiency as hoods, the extraction technology also reduces airflow and minimizes the impact of cross drafts.
Key Players:
- Bosch
- SNDOAS
- Proline
- Rani Trunk House
- Faber
- Miele
- BSH Home Appliance Group
- Siemens
- Inflame Appliances Ltd
- Eico A/S
- Westin
- Candy Hoover Group S.r.l
- Falmec Kitchen Appliance Limited
- Hafele Appliances
Turn Disruptions Into Opportunities. Buy Now And Navigate Change With Confidence: https://www.futuremarketinsights.com/checkout/16136
Market Segmentation Analysis:
By Product Type:
- Chimney/Wall Mounted
- Integrated Kitchen Hoods
- Downdraft Kitchen Hoods
By Technology:
- Extraction Technology
- Filterless Technology
By Application:
- Residential
- Commercial
By Sales Channel:
- Multi-branded Stores
- Exclusive Stores
- Online Stores
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia and the Pacific
- Middle East and Africa
Ignite Success: Dive Into Customized Reports Targeting Regional Segments For Strategic Advantage. https://www.futuremarketinsights.com/customization-available/rep-gb-16136
Author:
Ronak Shah (Associate Vice President at Future Market Insights) is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.
What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers’ shifting preferences.
She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube