The Latin America, Middle East and Africa Range Hood Market would witness market growth of 9.3% CAGR during the forecast period (2021-2027). The continuous technical improvements along with increasing utilization of IoT in kitchen hood machines are among the crucial features that help in supporting the development of various advanced range hood devices.
There are many manufacturers, who are focusing on developing more modern appliances owing to the shifting preference of the customers towards smart features like temperature and optic sensors, reduction in noise and wireless connectivity in those products. The growing advancements in technology have turned people inclination towards it in order to make their life simpler and more convenient. The key players of the market utilize a sound-absorbing base, multiple insulation layers, and filtration system motors to minimize the noise that arises from kitchen appliances. Thus, people are opting for these advanced systems to maintain the operations of their kitchen.
There are a wide variety of range hoods available in the market for various kitchen setups which is anticipated to propel the market demand. Several companies are offering an extensive product line with numerous color combinations to meet the requirements of modern kitchen interiors in commercial & residential kitchens. The innovations in the current products with various additional features and the strategic launch of latest product by market players are fueling the growth of the range hood market.
The Under Cabinet market dominated the Saudi Arabia Range Hood Market by Type in 2020, thereby, achieving a market value of $89.2 Million by 2027. The Wall Mounted market is estimated to grow at a CAGR of 9.1% during (2021 - 2027). Additionally, The Ceiling Mount market is expected to witness highest CAGR of 10.3% during (2021 - 2027).
Based on Type, the market is segmented into Under Cabinet, Wall Mounted, Ceiling Mount and Other Types. Based on Distribution Channel, the market is segmented into Offline and Online. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Range Hood Market is Predict to reach $17.6 Billion by 2027, at a CAGR of 8.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Whirlpool Corporation, Samsung Electronics Co., Ltd. (Samsung Group), Panasonic Corporation, Miele & Cie. KG, Broan-NuTone, LLC (Nortek Holdings LLC), Faber S.p.A. (Franke Holding AG), Falmec S.p.A., Asko Appliances AB (Hisense Group), Robert Bosch GmbH (BSH Home Appliances Corporation), and Elica S.p.A. (FAN S.A.)
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