Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Rest of Asia), By Product Type (Under Cabinet, Wall Mounted, Ceiling Mount, Others), By Distribution Channel (Offline, Online) And Competitive Landscape
Product Code: ETC076381 | Publication Date: Aug 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Asia Pacific Range Hood MarketΒ is expected to register growth in the coming years. The Asia-Pacific is emerging as the fastest-growing market of range hood products. The market growth is primarily driven by the increasing food chains. With the increasing awareness of proper ventilation facilities in developing countries of the Asia Pacific region, range hood products are replacing exhaust fans as they are more effective in the ventilation process. Also, the changing lifestyles due to busy work schedules, particularly in countries like India and China, are driving the market. Whereas, increasing awareness of product benefits and high consumer spending capacity is playing a major role in the growth of the demand. As the manufacturers are focusing on the advancement of the products, this has led to an increase in high maintenance costs demotivating the consumers to purchase the products. Range hood generally faces problems in fronts of non-renewable fuel usage which hinders the demand. The COVID 19 outbreak hampered the market. Manufacturers are facing issues in developing products as international trade is restrained due to government regulations. The suspended production made the workers move back to their home town resulting in a shortage of labor.
According to 6Wresearch, the Asia Pacific Range Hood Market size is anticipated to register growth during 2021-2027.Β Developing Economies like China and India are expected to lead the market in near future. With the benefit to allow more people to cook together, Customers across the Asia Pacific region are making investments in modular kitchens and are adopting advanced kitchen appliances to improve their home aesthetics. Also, In China, India, Japan, and South Korea, the rising disposable income of customers creates a huge demand for range hood products. Furthermore, the rising number of food service providers is also driving the growth. The Indian market for commercial range hoods is expected to capture a large industry share in the market during the forecast period. Manufacturers launching some of the advanced products with AI-enabled features, voice assistance, wireless connectivity, etc. are some of the latest trends prevailing in the market.
Some of the leading companies in the market include Broan, Asko Appliances, Elica S.P.A., CaptiveAire, etc.
The market is segmented based on product and distribution channels. Based on Product type, the market is segmented into Under Cabinet, Wall Mounted, Ceiling Mount, and Other Types. Β Duct range hoods dominate the market as they are mostly preferred by consumers for both commercial and residential purposes. Based on distribution channels, it is segmented as online and offline. Range hood appliances are majorly distributed through offline channels, which include outlets such as departmental stores. However, online channels consisting of official company websites and other third-party e-commerce websites such as Amazon, are also picking up the pace. However, despite the rising internet penetration, the share of online sales is not compelling in APAC. The demand for IoT-based applications and the growth of e-commerce websites are fueling the growth.
Asia-Pacific Range Hood market report thoroughly covers the market by product type, distribution channels, and countries including India, China, Japan, South Korea, Australia, Thailand and other key countries. Asia-Pacific Range Hood market outlook report provides an unbiased and detailed analysis of the ongoing Asia-Pacific Range Hood market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to align their market strategies according to the current and future market dynamics.
Markets Covered
The market report covers the following segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Asia Pacific Range Hood Market Overview |
3.1 Asia Pacific Regional Macro Economic Indicators |
3.2 Asia Pacific Range Hood Market Revenues & Volume, 2020 & 2027F |
3.3 Asia Pacific Range Hood Market - Industry Life Cycle |
3.4 Asia Pacific Range Hood Market - Porter's Five Forces |
3.5 Asia Pacific Range Hood Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Asia Pacific Range Hood Market Revenues & Volume Share, By Product Type, 2020 & 2027F |
3.7 Asia Pacific Range Hood Market Revenues & Volume Share, By Distribution Channel, 2020 & 2027F |
4 Asia Pacific Range Hood Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Range Hood Market Trends |
6 Asia Pacific Range Hood Market, 2017 - 2027 |
6.1 Asia Pacific Range Hood Market, Revenues & Volume, By Product Type, 2017 - 2027 |
6.2 Asia Pacific Range Hood Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
7 China Range Hood Market, 2017 - 2027 |
7.1 China Range Hood Market, Revenues & Volume, By Product Type, 2017 - 2027 |
7.2 China Range Hood Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
8 India Range Hood Market, 2017 - 2027 |
8.1 India Range Hood Market, Revenues & Volume, By Product Type, 2017 - 2027 |
8.2 India Range Hood Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
9 Japan Range Hood Market, 2017 - 2027 |
9.1 Japan Range Hood Market, Revenues & Volume, By Product Type, 2017 - 2027 |
9.2 Japan Range Hood Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
10 Australia Range Hood Market, 2017 - 2027 |
10.1 Australia Range Hood Market, Revenues & Volume, By Product Type, 2017 - 2027 |
10.2 Australia Range Hood Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
11 Indonesia Range Hood Market, 2017 - 2027 |
11.1 Indonesia Range Hood Market, Revenues & Volume, By Product Type, 2017 - 2027 |
11.2 Indonesia Range Hood Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
12 Philippines Range Hood Market, 2017 - 2027 |
12.1 Philippines Range Hood Market, Revenues & Volume, By Product Type, 2017 - 2027 |
12.2 Philippines Range Hood Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
13 Malaysia Range Hood Market, 2017 - 2027 |
13.1 Malaysia Range Hood Market, Revenues & Volume, By Product Type, 2017 - 2027 |
13.2 Malaysia Range Hood Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
14 Rest of Asia Range Hood Market, 2017 - 2027 |
14.1 Rest of Asia Range Hood Market, Revenues & Volume, By Product Type, 2017 - 2027 |
14.2 Rest of Asia Range Hood Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
11 Asia Pacific Range Hood Market Key Performance Indicators |
12 Asia Pacific Range Hood Market - Opportunity Assessment |
12.1 Asia Pacific Range Hood Market Opportunity Assessment, By Countries, 2020 & 2027F |
12.2 Asia Pacific Range Hood Market Opportunity Assessment, By Product Type, 2020 & 2027F |
12.3 Asia Pacific Range Hood Market Opportunity Assessment, By Distribution Channel, 2020 & 2027F |
13 Asia Pacific Range Hood Market - Competitive Landscape |
13.1 Asia Pacific Range Hood Market Revenue Share, By Companies, 2020 |
13.2 Asia Pacific Range Hood Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |