North America Range Hood Market By Type (Under Cabinet, Wall Mounted, Ceiling Mount and Other Types), By Distribution Channel (Offline and Online), By Country, Growth Potential, Industry Analysis Report and Forecast, 2021 - 2027
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Market Report Description
The North America Range Hood Market would witness market growth of 7.6% CAGR during the forecast period (2021-2027). 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.
There are new trends emerging in the range hood market due to the ongoing research and improvements in loT technology & artificial intelligence. The key players of the market are using these market trends to launch the latest models of range hoods with innovative remote control and monitoring capabilities. The technology allows customers to link their range hoods with other smart kitchen appliances that further offer better operability and convenience in utilization.
The use of range hood in commercial and household settings is hampered by the huge initial cost attached to the range hood systems. Some of the industrial challenges include the reconstruction work in current spaces and the need for technical expertise for the installation of these systems at the beginning. Moreover, the huge maintenance cost associated with range hood systems will hinder the growth of the market. The range hoods must be regularly cleaned by professionals to make sure that there is no grease and particles inside the tract. In the case of ducted hoods, charcoal filters have to be replaced on the regular basis.
The US market dominated the North America Ceiling Mount Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,138.3 Million by 2027. The Canada market is experiencing a CAGR of 10.9% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 9.9% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Range Hood Market is Estimated to Reach USD 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.)
Scope of the Study
Market Segments Covered in the Report:
- Under Cabinet
- Wall Mounted
- Ceiling Mount
- Other Types
By Distribution Channel
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 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)
- Elica S.p.A. (FAN S.A.)
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