Global Cooking Hood Market Report and Forecast 2024-2032

Global Cooking Hood Market Outlook

The global cooking hood market size reached a value of approximately USD 14.29 billion in 2023. The market is further expected to grow at a CAGR of 5.0% between 2024 and 2032, reaching a value of USD 22.21 billion by 2032.

Key Trends in the Market

A cooking hood is a home appliance that consists of an exhaust fan which is adjusted over the cooking area. Cooking hoods, also known as kitchen hoods, are used for removal of heat, grease, fumes, and oil, among others, as they extract the air and filter it out of the cooking area. The fumes generated as a result of cooking keep on being replaced with fresh air with the aid of a cooking hood, helping maintain overall air quality in cooking spaces.

• The key cooking hood market trends include launch of new products by key players of the market. New models of cooking hoods with advanced features such as superior monitoring and remote control are being released. These features are expected to provide advantages such as convenience of use and enhanced operability.

• According to the cooking hood market research increasing disposable incomes are anticipated to propel the growth of the market for cooking hoods across the globe over the forecast period. Growth of the cooker hood market share can be attributed to rising health concerns, increasing knowledge about best cooking practices, and growing disposable incomes enabling individuals to invest in advanced kitchen appliances.

• Another crucial trend aiding the cooking hood market growth includes increasing preference for dining out and development of small-sizes speciality restaurants and pop-up restaurants with limited kitchen space. Cooking hoods help commercial kitchens in keeping the environment of the kitchen hygienic and clean, such advantages are expected to fuel the cooker hood market size.

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Market Analysis

On the basis of product, the market is segmented into wall mounted hoods, ceiling mounted hoods, and under cabinet mounted hoods, among others. Based on suction power, the market is divided into less than 800 m3/h, 800-1200 m3/h, and more than 1200 m3/h. On the basis of application, the market is classified into residential and commercial. Based on distribution channel, the market is bifurcated into online and offline. The regional markets for cooking hoods are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global cooking hood market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• AB Electrolux

• Whirlpool Corporation

• Haier Group

• Broan-NuTone LLC

• Hangzhou Robam Appliances Co.,Ltd.

• Elica S.p.A.

• Groupe SEB

• LG Corporation

• General Electric Company

• BSH Home Appliances Group

• Miele Incorporated

• Others

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Market Share by Product

The cooking hood market forecast indicates that under cabinet mounted hoods are anticipated to occupy a significant portion of the market over the forecast period. This is due to the affordable nature of the under cabinet mounted hoods, additionally, these hoods are also easy to install and compatible with various kinds of kitchen designs. Under cabinet mounted hoods help in quickly expelling unwanted particles released in air while cooking, as they are closer to cooking surfaces and directly in the path of particles. As per cooking hood market statistics, these advantages are expected to accelerate the demand for under cabinet mounted hoods across the globe over the forecast period.

Market Share by Region

According to the cooker hood market analysis, North America is expected to witness significant growth in the market for cooking hoods over the forecast period. This growth in attributed to increased adoption of advanced technologies in the North American region, popularity of cooker hoods as part of standard kitchen setups, and prevalence of wooden houses in countries like the United States and Canada. Homes made of wood are more susceptible to smoke and fumes, resulting in greater importance of cooking hoods. Rising popularity of food delivery services in North America have boosted the demand for ghost and cloud kitchens, this in turn is driving the cooking hood market value.

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Competitive Landscape

AB Electrolux is a manufacturing company that was founded in 1919 and is headquartered in Stockholm, Sweden. Their specialities include small appliances, refrigerators, washing machines, cookers, hoods, vacuum cleaners, hobs, dryers, and ovens, among others. AB Electrolux is one of the world's largest appliance manufacturers and are focused on providing smart solutions to their consumers.

Whirlpool Corporation is a manufacturing company that was founded in 1911 and is based in Michigan, United States. The company is one of the world’s largest manufacturers and marketers of home appliances. Whirlpool is on the pursuit of improving home life, meeting consumer needs through its various brands including Whirlpool, Maytag, KitchenAid, Maytag, Indesit, and Consul.

Haier Group is an electrical, appliances, and electronics manufacturing company that was founded in 1984 and is headquartered in Shandong, China. They manufacture, design, develop, manufacture, and sell products such as microwave ovens, refrigerators, washing machines, computers, air conditioners, televisions, dryers, mobile phones, and computers. Their global brands include Haier, Fischer & Paykel, and Casarte, among others.

Other market players include Broan-NuTone LLC, Hangzhou Robam Appliances Co.,Ltd., Elica S.p.A., Groupe SEB, LG Corporation, General Electric Company, BSH Home Appliances Group, and Miele Incorporated, among others.

Key Highlights of the Report