Asia-Pacific Residential Cooker Hoods Market, By Technology (Ducting/Extraction, Recycling/Ductless), Price (Low, Medium, High), Product (Wall Mounted Hoods, Under Cabinet Type Hoods, Ceiling Mounted Hoods, Downdraft, and Others), Suction Power (Less Than 800 M3/H, 800-1200 M3/H, and More Than 1200 M3/H), Material (Stainless steel, Copper, Bronze, Zinc, Tempered glass, Aluminum, Brass, Heat-resistant plastic), Distribution Channel (Specialty Stores, Supermarkets/Hypermarkets, E-Commerce, and Others) – Industry Trends and Forecast to 2030.
Asia-Pacific Residential Cooker Hoods Market Analysis and Size
Residential kitchen appliances are gaining enormous popularity in many markets all over the world. Busy lifestyles have been a major factor for the usage of technologically advanced kitchen appliances. The market for the residential cooker hoods is anticipated to grow in the forecast period owing to its use by construction builders in residential spaces and apartments. Moreover, augmented spending on kitchen products, and increasing awareness about maintaining healthy indoor air quality among consumers is expected to enhance the market growth during the forecast period.
Data Bridge Market Research analyses that the residential cooker hoods market is expected to reach USD 3052.92 million by 2030, which is USD 2179.92 million in 2022, registering a CAGR of 4.30% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.
Asia-Pacific Residential Cooker Hoods Market Scope and Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2023 to 2030
|
|
Base Year
|
2022
|
|
Historic Years
|
2021 (Customizable to 2015 - 2020)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Technology (Ducting/Extraction, Recycling/Ductless), Price (Low, Medium, High), Product (Wall Mounted Hoods, Under Cabinet Type Hoods, Ceiling Mounted Hoods, Downdraft, and Others), Suction Power (Less Than 800 M3/H, 800-1200 M3/H, and More Than 1200 M3/H), Material (Stainless steel, Copper, Bronze, Zinc, Tempered glass, Aluminum, Brass, Heat-resistant plastic), Distribution Channel (Specialty Stores, Supermarkets/Hypermarkets, E-Commerce, and Others)
|
|
Countries Covered
|
China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC)
|
|
Market Players Covered
|
Robert Bosch GmbH (Germany), Whirlpool Corporation (Japan), SAMSUNG (South Korea), Haier lnc (India), Panasonic Corporation (Japan), Franke Group (Switzerland), Luxair Cooker Hoods Limited (U.K.), Arçelik (U.K.), Broan-NuTone, LLC. (U.S.), Miele (Germany), elica (Italy), Faber S.P.A (Italy), IFB Appliances (India), Midea (China), VATTI (China), Teka Group (Switzerland)
|
|
Market Opportunities
|
|
Market Definition
Residential cooker hoods are an exhaust system used to eliminate fumes and other cooking vapours from kitchens. Residential cooker hoods come in different placement and styles and are a superior ventilation option, which aids in maintaining the home ambience and also increase the cooking experience.
Asia-Pacific Residential Cooker Hoods Market Dynamics
Drivers
- Increasing demand for smart household cooking appliances
The rise in the adoption of internet of things (IoT) devices and the popularity of smart household cooking appliances are anticipated to boost the growth of residential cooker hoods during the forecast period. Introduction of innovative sizes and shapes of cooker hoods and other features for improved usability is also expected to drive the market's growth rate. Also, the manufacturers are coming up with innovative products such as portable kitchen hoods, self-cleaning devices, and UV protection hoods which is expected to enhance market growth.
- Developing cooking at home habits
The growing popularity of the cook-at-home trend is boosting the growth of the residential cooker hoods market. Consumers prioritize cooking more at home in developing countries to eat healthy food, spend time with family, save money and more convenience. The consumer emphasizes powerful and efficient cooker hoods to keep the kitchen cleaner and free of strong smells or odors. Therefore, developing cooking at home habits is expected to drive the market's growth rate during the forecast period.
Opportunities
- Surging introduction of advanced products
Residential kitchen hoods had very less options in the global market, but now manufacturers have introduced numerous residential kitchen hoods which not only help to remove heat, smoke, steam, and others but also upsurges the overall appearance of the kitchen and making it more attractive for kitchen. The manufacturers are also provided customized options to deal with different needs of different consumers is expected to create several opportunities for the growth of the residential kitchen hoods market during the forecast period.
Restraints/ Challenges
- High prices of hoods
As a result of high cost of cooker hoods, lower-middle-class families opt for substitutes, which act as a major market restraint for the market's growth. Many users favour for economic ventilation systems such as exhaust fans at the place of cooker hoods in emerging economies. Having a cooker hood that exceeds the demands is incurs and noisy unnecessary prices that should not be experienced in the first place. A cooker hood has a more powerful blower that uses large amount of electricity. As a result of this, the monthly energy expenses will soar, resulting in inefficient spending on unnecessary products.
This residential cooker hoods market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the residential cooker hoods market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Covid-19 Impact on Residential Cooker Hoods Market
The major domestic cooking appliances market developed exponentially during the pandemic outbreak. During the pandemic, people spent a lot of time inside the home, which increased home cooking habits among consumers. Thus, consumers were looking for top-class products for cooking, storage and even cleaning chores. Consumers are spending more time in the kitchens owing to the lockdown globally. According to a survey, people to cook more, which increases in home cooks creativity and the motivation that cooking at home saves money. This concept allows them to eat healthier and makes them feel good. Thus, COVID-19 left a major impact on the growth of the residential cooker hoods market.
Recent Development
- In 2021, Franke extended its cooker hood range by introducing two new RRP-priced variants. Gavia has a traditional T-shape and is obtainable in stainless steel. Joy has T-shaped stainless steel construction and is available in 90cm and 60cm widths. It has three times speed and maximum extraction rate of 430 m3/h.
Asia-Pacific Residential Cooker Hoods Market Scope
The residential cooker hoods market is segmented on the basis of technology, price, product, suction power, material and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Technology
- Ducting/Extraction
- Recycling/Ductless
Price
- Low
- Medium
- High
Product
- Wall Mounted Hoods
- Under Cabinet Type Hoods
- Ceiling Mounted Hoods
- Downdraft
- Others
Suction Power
- Less Than 800 M3/H
- 800-1200 M3/H
- More Than 1200 M3/H
Material
- Stainless steel
- Copper
- Bronze
- Zinc
- Tempered glass
- Aluminum
- Brass
- Heat-resistant plastic
Distribution Channel
- Specialty Stores
- Supermarkets/Hypermarkets
- E-Commerce
- Others
Residential Cooker Hoods Market Regional Analysis/Insights
The residential cooker hoods market is analyzed and market size insights and trends are provided by country, technology, price, product, suction power, material and distribution channel as referenced above.
The countries covered in the residential cooker hoods market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).
China dominates the residential cooker hoods market in terms of revenue and market share owing to the growth of the residential construction. Construction companies have ongoing integrating residential cooker hoods in apartments and this trend is expected to boost the growth of the market in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Residential Cooker Hoods Market Share Analysis
The residential cooker hoods market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to residential cooker hoods market.
Some of the major players operating in the residential cooker hoods market are:
- Robert Bosch GmbH (Germany)
- Whirlpool Corporation (Japan)
- SAMSUNG (South Korea)
- Haier lnc (India)
- Panasonic Corporation (Japan)
- Franke Group (Switzerland)
- Luxair Cooker Hoods Limited (U.K.)
- Arçelik (U.K.)
- Broan-NuTone, LLC. (U.S.)
- Miele (Germany)
- elica (Italy)
- Faber S.P.A (Italy)
- IFB Appliances (India)
- Midea (China), VATTI (China)
- Teka Group (Switzerland)
SKU-