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