The Worldwide Cooking Hood Industry is Expected to Reach $20 Billion by 2027 – ResearchAndMarkets.com

Erin Browne

DUBLIN–(BUSINESS WIRE)–The “Cooking Hood Market Research Report by Product (Cabinet, Down draft, and Insert), Structure, Distribution Channel, End User, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) – Global Forecast to 2027 – Cumulative Impact of COVID-19” report has been added to ResearchAndMarkets.com’s offering.

The Global Cooking Hood Market size was estimated at USD 12.22 billion in 2021, USD 13.27 billion in 2022, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 8.79% to reach USD 20.26 billion by 2027.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Cooking Hood Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Cooking Hood Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Cooking Hood Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Cooking Hood Market?

4. What is the competitive strategic window for opportunities in the Global Cooking Hood Market?

5. What are the technology trends and regulatory frameworks in the Global Cooking Hood Market?

6. What is the market share of the leading vendors in the Global Cooking Hood Market?

7. What modes and strategic moves are considered suitable for entering the Global Cooking Hood Market?

Market Dynamics

Drivers

  • Rising need for convenient and easy-to-use kitchen appliances due to lack of spaces in homes
  • Increasing urbanization and change in the consumer preference
  • Attractive marketing strategies and customization options for modular kitchens
  • Rising demand due to advanced features such as safety, convenience, and design of the product

Restraints

  • Use of traditional ventilation systems

Opportunities

  • Demand for modular kitchens
  • Growing popularity of concealed hoods
  • Integration of innovative ideas such as decorative cooker hoods with technologically advanced features
  • Improving lifestyle in emerging countries

Challenges

  • Environment-related concerns due to the usage of cooking hoods that is direct emission of fumes

Companies Mentioned

  • Asko Appliances AB
  • Beko PLC
  • Broan, Inc.
  • Captive-Aire Systems Inc.
  • Electrolux AB
  • Elica S.p.A.
  • Falmec S.p.A.
  • Glen Appliances Private Limited
  • Guangdong Vanward New Electric Co., Ltd.
  • Haier Group Corporation
  • IFB Industries Limited
  • KOBE Range Hoods
  • Miele & Cie. KG
  • Panasonic Corp
  • Robert Bosch GmbH
  • Samsung Electronics Co., Ltd.
  • Siemens AG
  • Systemair AB
  • Whirlpool Corporation

For more information about this report visit https://www.researchandmarkets.com/r/vs8eu8

https://www.businesswire.com/news/home/20220614005555/en/The-Worldwide-Cooking-Hood-Industry-is-Expected-to-Reach-20-Billion-by-2027—ResearchAndMarkets.com

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