Range Hood Market Introduction

Range hoods are ventilation systems that are installed above stovetops or cooktops to remove smoke, steam, grease, and other cooking-related pollutants from the kitchen. They come in different styles and sizes, including wall-mounted, island, under-cabinet, and downdraft range hoods. Range hoods are an important part of kitchen appliances and are widely used in residential and commercial kitchens. They not only help to maintain air quality but also reduce the risk of fire hazards and improve the overall cooking experience. The global range hood market is driven by factors such as increasing demand for modern kitchen appliances, rising awareness about kitchen hygiene, and growing popularity of modular kitchens.

Range Hood Market Size

The global range hood market size was valued at USD 8.3 billion in 2020 and is expected to reach USD 12.1 billion by 2028, growing at a CAGR of 4.8% during the forecast period. The market growth is attributed to the increasing demand for kitchen appliances, growing residential construction activities, and rising awareness about indoor air pollution. The Asia-Pacific region is expected to dominate the range hood market during the forecast period due to the increasing disposable income of the middle-class population and the growing number of residential construction activities in the region.

Range Hood Market Share

The global range hood market was valued at USD 8.2 billion in 2020 and is expected to reach USD 10.5 billion by 2026, growing at a CAGR of 4.1% during the forecast period.

In terms of market share, the report states that the Asia-Pacific region held the largest share of the market in 2020, accounting for more than 50% of the global revenue. This can be attributed to the increasing demand for range hoods in the region, driven by factors such as growing urbanization, rising disposable income, and changing consumer preferences for modular kitchens. North America and Europe are also expected to witness significant growth in the market during the forecast period.

Range Hood Market Trends

The range hood market is experiencing several trends, including:

Energy-efficient range hoods: With the growing concern for environmental sustainability and energy efficiency, manufacturers are producing range hoods that consume less energy.

Smart range hoods: Smart range hoods that can be controlled using voice commands or smartphone applications are gaining popularity. These hoods have sensors that detect when the air quality is poor and turn on the hood automatically.

Minimalistic designs: Modern homeowners prefer minimalistic designs that blend well with their kitchen interiors. As a result, range hood manufacturers are designing hoods with simple lines, geometric shapes, and sleek finishes.

Wireless connectivity: Range hoods with Wi-Fi connectivity are becoming increasingly popular. These hoods can connect to other smart home devices and be controlled remotely.

Quiet operation: Homeowners are looking for range hoods that operate quietly without compromising on the efficiency of the hood. Manufacturers are using advanced technology to reduce noise levels in their range hoods.

Range Hood Market Driving Factors

The global range hood market is driven by several factors, including:

Growing demand for kitchen appliances: The increasing demand for kitchen appliances, including range hoods, is a key factor driving the growth of the range hood market.Rising health concerns: With increasing health concerns, consumers are becoming more aware of the need for proper ventilation in the kitchen. Range hoods help to remove harmful pollutants and improve indoor air quality, thereby driving market growth.Focus on energy efficiency: With the growing focus on energy efficiency, manufacturers are developing range hoods that are more energy-efficient and environmentally friendly. This is driving the adoption of range hoods among consumers.Technological advancements: The introduction of advanced technologies, such as smart range hoods and touchless range hoods, is expected to drive market growth. These devices offer ease of use and convenience to consumers.Increasing urbanization: The increasing urbanization and the growing number of households with smaller kitchen spaces are driving the demand for compact and space-saving range hoods.Growing trend of home renovation: The growing trend of home renovation and remodeling is also driving the demand for range hoods as consumers seek to upgrade their kitchen appliances.

Overall, these factors are expected to continue to drive the growth of the range hood market in the coming years.

Range Hood Market Regional Analysis

The range hood market in North America is expected to dominate the regional market due to the high adoption rate of advanced kitchen appliances and rising concerns regarding indoor air quality. The market in Asia-Pacific is expected to grow significantly due to the increasing demand for premium kitchen appliances and the growing trend of modular kitchens in emerging economies such as China and India. The European market is also expected to witness significant growth due to the rising demand for smart homes and energy-efficient appliances.In terms of product type, the ducted range hood segment is expected to dominate the global market due to its high efficiency in removing smoke, heat, and grease from the kitchen. The ductless range hood segment is also expected to witness significant growth due to its ease of installation and low maintenance requirements.Based on application, the residential segment is expected to dominate the global market due to the increasing trend of modular kitchens and rising consumer preference for designer kitchens. The commercial segment is also expected to witness significant growth due to the rising demand for commercial kitchens in hotels, restaurants, and other foodservice establishments.Overall, the range hood market is expected to witness steady growth in the coming years due to the increasing awareness regarding indoor air quality, rising disposable income, and the growing trend of smart homes and energy-efficient appliances.

Range Hood Market Forecasts 2030 

The global range hood market is expected to reach USD 10.94 billion by 2025, growing at a CAGR of 4.60% during the forecast period of 2019 to 2025.The Asia Pacific region is expected to hold the largest share of the market during the forecast period due to the increasing demand for modern kitchen appliances in emerging economies such as India and China. The market in North America is also expected to witness significant growth during the forecast period due to the increasing demand for high-end kitchen appliances and the growing trend of open kitchen designs.The residential segment is expected to hold the largest share of the market during the forecast period due to the increasing demand for modern and efficient kitchen appliances in households. The commercial segment is also expected to witness significant growth during the forecast period due to the increasing demand for range hoods in commercial kitchens such as restaurants and hotels.The ducted range hood segment is expected to hold the largest share of the market during the forecast period due to its higher efficiency in removing smoke and fumes from the kitchen. The ductless range hood segment is also expected to witness significant growth during the forecast period due to its ease of installation and lower cost compared to ducted range hoods.

Range Hood Market Key Industry Players

The range hood market includes a variety of industry players, ranging from large multinational corporations to smaller, specialized manufacturers. Here are some key industry players in the range hood market:

Broan-NuTone: Broan-NuTone is a leading manufacturer of residential ventilation products, including range hoods, exhaust fans, and indoor air quality solutions. The company offers a wide range of range hood models, including wall-mounted, under-cabinet, island, and downdraft hoods.

Whirlpool Corporation: Whirlpool is a multinational manufacturer of home appliances, including range hoods. The company offers a variety of range hood models, including under-cabinet and wall-mounted hoods.

GE Appliances: GE Appliances is a division of Haier Group, a multinational manufacturer of home appliances. The company offers a range of range hood models, including under-cabinet and wall-mounted hoods.

Zephyr: Zephyr is a California-based manufacturer of high-end range hoods for residential and commercial use. The company offers a variety of range hood models, including wall-mounted, island, and downdraft hoods.

Vent-A-Hood: Vent-A-Hood is a Texas-based manufacturer of high-end range hoods. The company offers a variety of range hood models, including wall-mounted, island, and downdraft hoods.

Bosch: Bosch is a multinational manufacturer of home appliances, including range hoods. The company offers a variety of range hood models, including under-cabinet and wall-mounted hoods.

KitchenAid: KitchenAid is a division of Whirlpool Corporation and offers a range of high-end kitchen appliances, including range hoods. The company offers a variety of range hood models, including wall-mounted and island hoods.

Faber: Faber is an Italian manufacturer of range hoods for residential and commercial use. The company offers a variety of range hood models, including wall-mounted, island, and downdraft hoods.

Elica: Elica is an Italian manufacturer of high-end range hoods for residential and commercial use. The company offers a variety of range hood models, including wall-mounted, island, and downdraft hoods.

Miele: Miele is a German manufacturer of high-end home appliances, including range hoods. The company offers a variety of range hood models, including wall-mounted and island hoods.