Stratview Research has published a market research report on the Range Hood Market. This strategic assessment report intends to provide a thorough overview that reflects today's Range Hood Market realities as well as future market potential from 2021 to 2026. The report segments and analyzes the market and provides a birds-eye view of the market. According to the report, the market is segmented by Product Type (Under Cabinet, Wall Mount, Ceiling Mount, and Others), by Application Type (Residential, Commercial), by Distribution Channel Type (Direct Selling, E-Commerce, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Market Insights
The Range Hood market is likely to witness a CAGR of 4.2% during the forecast period. The prime factor driving the range hood market is the growing adoption of range hoods to get rid of smoke and odor and to keep kitchens clean.
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Segment-wise Analysis
By Product Type
The market is segmented as under cabinet, wall mount, ceiling mount, and others. The wall mount segment is expected to witness the highest growth during the forecast period owing to its ability to be installed on kitchen walls without consuming any additional space.
By Application Type
The range hood market is segmented as commercial and residential. The commercial segment holds the larger share of the market and is also expected to witness healthy growth during the forecast period. Rapid urbanization in emerging economies along with a rising number of hotels and restaurants across the globe is the major factor behind the dominance of the commercial segment.
By Distribution Channel Type
The market is segmented as direct selling, E-commerce, and others. Direct selling is estimated to be the largest distribution channel; however, the E-commerce segment is expected to witness the highest growth during the forecast period. Major factors driving the growth of the E-commerce segment are the availability of a wide range of products, competitive pricing, and ease of comparison.
By Region
Europe is estimated to be the largest market for range hoods during the forecast period. The presence of a large number of restaurants and hotels, a huge tourism industry, and the high disposable income of consumers are the major factors behind the dominance of the region in the global market. Asia-Pacific is expected to witness the highest growth during the forecast period. China, Japan, South Korea, and India are the driving force of the region’s market.
Key players
Besides detailed information about the market, businesses also need information about their competitors, customers, products, the latest market trends, and key players active in the market.
The report mentions a list of key players active in the Range Hood market. Here are they –
- Elica S.p.A.
- BSH Group
- Faber S.p.A.
- Ningbo Fotile Kitchenware
- Kobe Range Hoods
- Panasonic Corporation
- Zephyr
- Samsung
- Whirlpool
- Miele
- Broan, Inc.
Critical Questions Answered in the Report-
- What are the key trends in the global Range Hood Market?
- How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next the five years?
- What is the impact of COVID-19 on the Range Hood Market?
- What are the key strategies adopted by the major vendors to lead in the Range Hood Market?
- What is the market share of the top vendors?
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https://www.stratviewresearch.com/1374/range-hood-market.html
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