Samsung, Arçelik, and Panasonic Corporation are Dominating the Global Residential Cooker Hoods Market in 2021

The Global Residential Cooker Hoods Market is expected to grow with a CAGR of 4.3% in the forecast period of 2021 to 2028. The years considered for the study are as mentioned below.

Access Full Report @ https://www.databridgemarketresearch.com/reports/global-residential-cooker-hoods-market

The global residential cooker hoods market is a highly consolidated market, including a specific number of key players. The market has witnessed increased strategic developments owing to favorable market scenarios.

The major players dealing in the global residential cooker hoods market are introducing a strong range of product providers, launching new products, and adopting strategic initiatives such as acquisition, agreement, business expansion, award, and recognition. This helped companies to maximize sales with an enhanced product portfolio.

For instance:

  • In September 2021, Panasonic Corporation completed the acquisition of Blue Yonder, the leading end-to-end digital fulfillment platform provider. The acquisition will help the company to enhance its IoT devices and provide an AI-powered platform for the upcoming future

Samsung is the dominating player in the global residential cooker hoods market. The other key players existing in the market are ASKO, Broan- NuTone, LLC. (A subsidiary of Madison Industries), Robert Bosch GmbH, ELICA, Faber S.P.A., Falmec SPA, FOTILE, KOBE Range Hoods, Miele, Pacific Hoods Inc., BEST Range Hoods, Panasonic Corporation, Whirlpool Corporation, IFB Industries Limited, Vent-A-Hood, Zephyr Ventilation, Windster Hoods, VIKING RANGE, LLC (A subsidiary of Middleby Corporation), Luxair Cooker Hoods Limited, Franke Management AG, KAFF Appliances, Arçelik, CNA Group, Haier Group, Teka Group, Robam Living, Midea, VATTI, Novy, among others.

Residential Cooker Hoods Market Samsung

Samsung was established in 1969 and is headquartered in South Korea. It has public ownership. The company is engaged in the manufacturing of various types of products such as mobiles, TVs and audio, home appliances, smart home, computing, among others

The company has product categories including mobile, TV and AV, Home Appliances, Smart Home, and Computing in which Home Appliances is the market-focused category.

For instance,

  • In September 2021, Samsung won a 48 International Design Excellence Awards (IDEA). This award shows the company's creative designs across multiple categories. This award helps to attract more customers in the global market

The company has a wide presence across South Korea, America, Europe, Asia, Africa, and China. The company also has various subsidiary companies, including Samsung Electronics America, Inc. (SEA) (America), Samsung Electronics (UK) Ltd. (Europe), Samsung Gulf Electronics Co., Ltd. (MEA), among others.

Arçelik

Arçelik was founded in the year 1955 and is headquartered in Istanbul, Turkey. It has public ownership. The company is a trusted lifestyle solutions provider to the digital household. The company has several business segments such as white goods, consumer electronics, and others, among which white goods is the market-focused segment. The company has brand categories such as Grundig, Dawlance, Arctic, Blomberg, Altus, Flavel, elektrabregenz, Leisure, Voltas Beko, Arçelik, Beko, Defy in which Defy, Dawlance, Arctic, Blomberg, Altus, Leisure, Arçelik, Beko are the market- focused categories.

For instance,

  • In July 2021, Arçelik A.Ş. and Hitachi Global Life Solutions, Inc. had announced the launch of a new joint venture company, Arçelik Hitachi Home Appliances B.V. The development helps both companies to expand their home appliance business around the world

The company has a presence across Europe, North America, Middle East and Africa, Asia-Pacific. The company also has various subsidiaries, including Grundig (Germany), Dawlance (Pakistan), Defy Appliances (South Africa), Arctic S.A. (Romina), Beko LLC. (Russia), Elektra Bregenz (Austria), among others.

Panasonic Corporation

Panasonic Corporation was founded in the year 1918 and is headquartered in Osaka, Japan. It has public ownership. The company is engaged in developing a wide range of consumer products, including audiovisual and communication products and various home appliances, such as air conditioners, refrigerators, cooking and washing equipment. The company has several business segments such as Appliances, Life Solutions, Connected Solutions, Automotive, Industrial Solutions, among which Appliances is the market-focused segment. The company has product categories such as Air conditioners, Beauty Care, Cameras and Camcorders, Home Appliances, Home Entertainment, Kitchen Appliances, and others. Kitchen Appliances is the market-focused category among the product categories.

For instance,

  • In March 2021, Panasonic Corporation accelerated new businesses in Thailand to enter the modular construction housing market with new innovative products. With this development company is expecting to enhance its revenue in upcoming future

The company has a presence across North America, Europe, Asia-Pacific, South America, Middle East and Africa. The company also has various subsidiaries, including Sanyo (Japan), Panasonic U.K. Ltd.(U.K.), JVC (Japan), Panasonic System Solutions Japan Co., Ltd. (Japan), PanaHome Corporation (Japan), Viko Elektrik Ve Elektronik End. San. Ve Tic. AS. (Turkey), among others.