The global range hood fans market is anticipated to grow at a CAGR of 4.0% during the forecast period (2022-2028).Primarily used in the kitchen, the range hood fans are the kitchen hood, extractor hood, or exhaust hood with a device consisting of a mechanical fan that hangs above the stove or cook top. The market growth is majorly attributable to the benefits these range hood fans offer such as the removal of airborne grease, fumes, combustion products, heat, smoke, and steam from the air through filtration. Further, the market is also likely to grow owing to the growing investments in advanced kitchen equipment. Apart from the household use, they are widely used in commercial places such as dine in restaurants, and QSRs, among others. Thus, the increasing penetration of quick service restaurants (QSRs) in various economies is also contributing substantially to the growth of the global range hood fans market.
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Some key players operating in the market include BSH Group, Electrolux AB, and Whirlpool Corp., among others. The market players are eyeing on strengthening their position in the market by adopting various strategies as mergers and acquisitions, partnerships, collaborations, new product launches and development in the existing product portfolio, and so on. For instance, in January 2022 Broan-NuTone, LLC. Announced the launch of a new kitchen appliances series with improved air quality systems. The new series will include dehumidifiers, range hoods, and other ventilation systems. This will assist the company in increasing its consumer base globally.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
o By Product Type
o By Application
· Regions covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape: BSH Group, Electrolux AB, and Whirlpool Corp., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Range Hood Fans Market Report by Segment
By Product Type
· Wall-Chimney Hood
· Under-Cabinet Hood
· Island Hood
· Downdraft Hood
· Others
By Application
· Online Shop
· Franchised Store
· Shopping Malls and Supermarket
· Others
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