The global kitchen hood system market is on a path of steady progress, with an estimated moderate Compound Annual Growth Rate (CAGR) of 3.9% anticipated during the forecast period. As of 2023, this market boasts a valuation of US$ 12.58 billion, and according to market analysts at Future Market Insights, it is poised to sizzle to a lucrative US$ 18.45 billion in revenue by 2033. Interestingly, this journey had humble beginnings, with the market expanding at a sluggish CAGR of 1.5% during the base year, yielding a historical valuation of US$ 12.13 billion.
Within the heart of every kitchen lies a vital component – ventilation. This critical factor has become increasingly significant, driving the growth of the kitchen hood system market as both commercial and residential customers recognize the importance of adopting kitchen hood systems.
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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
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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
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.
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