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Allied Market Research

Cooking Hood Market Type (Wall Mounted Hoods, Down Draft, Ceiling Mounted Hoods, Under Cabinet Type Hoods, Others) Application (Residential, Commercial, ) Suction Power ( Less than 800 m3/h, 800-1200 m3/h, More than 1200 m3/h ) : Global Opportunity Analysis and Industry Forecast, 2020-2027

A08362
Pages: NA
Jun 2021 | 417 Views
 
Author(s) : Tejeshwari Pradhan
Tables: NA
Charts: NA
 

COVID-19

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Cooking hood is also known as range hood, stove hood, vent hood, extractor fan, cooking canopy, and fume extractor. Range hood is a tool carrying a mechanical fan that is hung over a cooktop or stove a in the kitchen. It eliminates air-borne grease, burning materials, dust,smoke, fumes, heat, and steam from the air through evacuation or gas discharge and filtration. It also improves the air quality in the kitchen by sucking out unpleasant odor and stuffiness. The product is used in household and commercial purposes as well. The commercial cooking hoodsare commonly used with fire suppression tool to ensure that smoke and fumes from grease fire are adequately ventilated and the fire is easily extinguished. Commercial vent hoods can also be paired with a fresh air fan, which pulls in the exterior air and circulates it with the cooking emissions, which are then pulled out of the hood.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value ($US)

  Segments covered

  Type, Application, Suction Power, and Region

  Regions covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain,and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)

  Companies covered

IFB Home Appliances, Guangdong Vanward New Electric CO. Ltd.; Systemair AB, Gorenje, Haier Inc., Asko Appliances, Luxair Cooker Hoods Limited, Vent-A-Hood, Novy, Zephyr Ventilation, KOBE Range Hoods,  BSH Home Appliances Group; FABER S.p.A., SAMSUNG, Miele & Cie. KG, Zhongshan Vantage Gas Appliance Stock Co. Ltd., W.S.Westin Ltd., Broan, Inc., Elica S.p.A., Falmec Spa., Panasonic Corporation, Whirlpool, Electrolux, Beko

 

COVID-19 Scenario Analysis:

The COVID-19 outbreak has impacted almost all the industries either positively or negatively. It has increased the sales for food, medical, and necessity products. It has hampered the supply and demand for lifestyle products. The COVID-19 virus spread across the world has proved to be a growth driver for daily essentials and hygiene & health products. However, due to lockdown scenario supply chain and production of cooking hoods products has been hindered. To survive in the post COVID-19 situation companies have to identify new opportunities, challenges and emerging trends in the related industries to modify their products or change their positioning of brand accordingly so that they can cater the new needs of the customers or able to stimulate demand for their brands.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers,and Impact Analysis

The rise in awareness among the people about the various benefits of kitchen or cooking hood on health is the main factor, which drives the growth of the market. By removing excess heat, odors and fumes it cleans the air in the kitchen. In addition, the increasing number of restaurants and hotels due to a changing lifestyle has resulted in the increasing demand for commercial cooking hood in the market.

The increase in purchasing power due to rise in disposable income has also led to the surge in the demand for cooking hood in household segment. It is gaining traction in the market as it facilitates easier cleanup and pleasant cooking environment.

Moreover, the advancement in technology continues to introduce smarter features to the cooking hood and leads to the growth of the industry. However, the expensive price of cooking hoods and their repair and maintenance cost hinders the development of the market.

The global cooking hood market trends are as follows:

New product launches to flourish the market

New products that contain improved capabilities have been launched by leading market players. They have taken necessary steps to improve accuracy of devices and overall functionality as well. Manufacturers have been focusing on producing new products for specific applications as there are varying demands based on the utilization. The companies are engaged in making innovative cooking hood incorporating smart features in it. For instance, in September 2019, Faber a leading market player in cooking hood industry launched 3-in-1 Aerostation hood. This cooking hood consist air purifier, a fan and chimney. It also comes with advanced purification technology and spot cooling device.

Key Segments Covered:

Segments

Sub-segments

Type

  • Wall Mounted Hoods
  • Down Draft
  •  Ceiling Mounted Hoods
  •  Under Cabinet Type Hoods
  • Others

Application

  • Residential
  • Commercial

Suction Power

  • Less than 800 m3/h
  •  800-1200 m3/h
  • More than 1200 m3/h

 

Key benefits of the report:

  • This study presents the analytical depiction of the global cooking hood industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global cooking hood market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global cooking hood market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global cooking hood market analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions answered in the cooking hood market research report:

  • What are the leading market players active in the cooking hood market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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