Market Research Report
Range Hood Market Size By Product, By Application, By Distribution Channel, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
|Published by||Global Market Insights Inc.||Product code||963777|
|Published||Content info||220 Pages
Delivery time: 2-3 business days
|Range Hood Market Size By Product, By Application, By Distribution Channel, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026|
|Published: October 9, 2020||Content info: 220 Pages||
Range Hood Market Size By Product (Under Cabinet, Wall Mount, Ceiling Mount), By Application (Residential, Commercial [Hotels, Restaurants, Cafes]), By Distribution Channel (Direct Selling, E-commerce), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026.
The range hood market is projected to witness a lucrative growth rate over the forthcoming years owing to high number of food service joints & restaurants across the world, increasing number of smart commercial kitchens, and rising investments towards the construction of modular kitchens. A range hood is considered one of the most essential appliances in the kitchen.
It comprises of a canopy or some other kind of "capture area" and also a blower motor or fan for extracting the air pollution caused by cooking. By capturing as well as eliminating the polluted air, the range hood maintains the air quality in the kitchen and removes other unwanted elements from the kitchen. This further makes cleaning a much simpler task across both commercial and residential sectors.
Range hoods are either ductless or ducted. The ductless range hoods work generally by recirculating the hot gases. Whereas, ducted range hoods absorb hot gases from cooking and then directs them outside of the building, further letting fresh air make its way inside. Range hoods comprise of different parts such as the blower, speed selector switch, the duct system, and lighting.
Range hood market is divided into various segments in terms of product, application, distribution channel, and regional landscape.
Based on product, the range hood market is classified into ceiling mount, wall mount, under cabinet, and others. Among these, ceiling mount segment will witness considerable growth owing to increasing investments in the construction of modular kitchens.
In terms of application, the overall range hood market is bifurcated into commercial and residential. Range hoods for commercial applications are manufactured to undergo heavy usage and to vent grease and heavy smoke out of large restaurant-grade kitchens.
The commercial segment is further classified into cafe, hotel, and restaurant. Among these, restaurant segment is expected to witness high demand owing to the increasing number of food service joints & restaurants across the globe. Since restaurants and other food joints usually cook a lot of food for longer periods, so it is essential to have an extremely powerful range hood installed in the kitchen.
With respect to distribution channel, the range hood market is categorized into e-commerce, direct selling, and others. Among these, e-commerce segment is expected to witness a CAGR of more than 5% through the forthcoming time period. This anticipated growth is ascribed to the availability of large discounts and product variety on various e-commerce websites.
From a regional frame of reference, Middle East & Africa range hood market will witness substantial growth over the coming years. The anticipated growth is ascribed to the increasing number of smart commercial kitchens, which is creating an exponential demand for advanced range hood systems in the region.