Published Date: 30-Aug-2023
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According to a new report, published by KBV research, The Global Kitchen Chimney Market size is expected to reach $24.6 billion by 2030, rising at a market growth of 5.3% CAGR during the forecast period.
The Ducted segment acquired maximum revenue share in Global Kitchen Chimney Market by Duct Type in 2022; thereby, achieving a market value of $15.8 Billion by 2030. Due to its effectiveness in cleansing the kitchen air since it vents the cooking odors outdoors, the ducted segment is predicted to dominate the market. As a result, the kitchen continues to be clean & fresh and smoke-free air is present throughout the home. However, ductless chimneys draw all the smoke through a filter before venting it back into the kitchen.
The Commercial segment is experiencing a CAGR of 5.8% during (2023 - 2030). This is due to the high volume of cooking activities, commercial enterprises, including restaurants, hotels, catering businesses, and commercial kitchens in institutions, have unique ventilation and air purification requirements. Businesses are drawn to energy-efficient commercial kitchen chimneys that can lower operational expenses overall through greater ventilation and heat recovery techniques.
The Wall-mounted Chimney segment is leading the Global Kitchen Chimney Market by Product Type in 2022; thereby, achieving a market value of $8.5 Billion by 2030. The wall-mounted segment dominates the market because these chimneys, which are aesthetically pleasing and have outstanding functionality are fixed on the wall above the stovetops. These chimneys are simple to install, reasonably priced, and suitable for any kitchen style. Both residential & commercial settings can employ the vents.
The Online segment is expected to witness a CAGR of 6.9% during (2023 - 2030). Online platforms enable manufacturers of kitchen chimneys to reach a broader audience beyond local markets. Various kitchen chimney models and brands are available to consumers from all over, including rural areas, boosting market penetration. The online segment has significantly fueled the expansion and transformation of the kitchen chimney market. Consumer behavior and their preferred shopping methods have been significantly impacted by the introduction of e-commerce platforms and the rising popularity of online shopping.
The North America region dominated the Global Kitchen Chimney Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $8 Billion by 2030. The Europe region is anticipated to grow at a CAGR of 5.1% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 5.8% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/kitchen-chimney-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Elica S.p.A. (FAN S.A.), Faber S.p.A. (Franke Holding AG), Samsung Electronics Co., Ltd. (Samsung Group), Whirlpool Corporation, Panasonic Holdings Corporation, LG Electronics, Inc. (LG Corporation), Vent-A-Hood Co., LTD, Robert Bosch GmbH (BSH Home Appliances Corporation), Viking Range LLC (The Middleby Corporation), Miele & Cie. KG
By Duct Type
By Product Type
By Distribution Channel
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