Market Study on Expected Growth for Global Cooking Hood Market

The Infinium Global Research analyzes the Cooking Hood Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global cooking hood market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of cooking hood. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the cooking hood market during the period.

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Cooking Hood Market: Competitive Landscape

Recent technological innovations have promoted new interior designs for the kitchen. Companies are focusing on changing consumer preferences in kitchen appliances. The major players in the cooking hood market are Whirlpool Corporation, Faber S.p.A., Falmec S.p.A., Miele, Inc., Panasonic Corporation, Samsung Electronics, Nortek Inc., Fagor Electrodomsticos, Vatti Corporation Ltd., AB Electrolux, and other companies. The companies are using strategies such as merger, acquisition and new product launches to maintain their market share. For instance, Whirlpool acquired Elica PB that manufactures kitchen hood and cooking equipment.

Increasing Demand for Convenient Kitchen Appliances Drives the Growth of the Cooking Hood Market

The increasing demand for convenient kitchen appliances drives the growth of the cooking hood market. Nowadays, due to the lack of spaces in homes and the popularity of new interior designs stimulate the growth of the cooking hood market. Factors such as increasing disposable income, rising need for cleaning appliances in kitchen, urbanization and changing consumer preferences promote the growth of the cooking hood market. The growing awareness about the safety benefits of cooking hood boosts the market’s growth.

In addition, cooking hoods help to keep fresh air in the kitchen and removes excess heat as well. Such benefits are contributing to the growth of the cooking hood market. On the other side, many houses are having traditional ventilation systems that restraints the cooking hood market’s growth. The high cost of cooking hoods hampers the growth of the cooking hood market. Moreover, research and development to innovate novel designs and features in cooking hood create opportunities for the growth of the cooking hood market.

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Growing Segments in the Cooking Hood Industry

The cooking hood market is segmented on the basis of product type, application and distribution channel. The product type segment includes wall mounted hoods, ceiling mounted hoods, under cabinet type hoods, and other product types. The ceiling-mounted hoods are expected to have a larger share in the product type segment of the cooking hood market. On the basis of application, the cooking hood market is classified into residential and commercial. Based on the distribution channel, the cooking hood market is divided into online and retail stores.

North America is Anticipated to Be Dominant in the Cooking Hood Market

Geographically, North America is anticipated to be dominant in the cooking hood market. North America region has a growing demand for modern kitchens that contributes to the growth of the cooking hood market. Asia-Pacific region is expected to grow in the cooking hood market. Asia-Pacific region has a huge population and the rising awareness about easy to use kitchen appliances stimulates the demand for the cooking hood market.

Key Players of the Cooking Hood Industry

The report provides profiles of the companies in the market such as Whirlpool Corporation, Faber S.p.A., Falmec S.p.A., Miele, Inc., Panasonic Corporation, Samsung Electronics, Nortek Inc., Fagor Electrodomsticos, Vatti Corporation Ltd., AB Electrolux, and Other companies.

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Reasons to Buy this Report:

• Comprehensive analysis of global as well as regional markets of the cooking hood.
• Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
• Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
• Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.