Market Forecast by Countries (United States, Canada), By Product Type (Under Cabinet, Wall Mounted, Ceiling Mount, Others), By Distribution Channel (Offline, Online) And Competitive Landscape
Product Code: ETC075336 | Publication Date: Aug 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
North America Range Hood Marketย is expected to register growth in the coming years. The range hood market witness robust growth due to more penetration of modular kitchens with the rise in house renovation. North America is encountering significant growth in real estate and commercial construction. This is acting as a major growth driver for this market as these segments require the latest range hoods to keep up with the going trend. As kitchen hoods come with varied suction capacities and are more effective than exhaust fans, the market is anticipated to register growth. With the rising advancements and industry challenges, these devices require technical expertise for the initial installation of the system. These initial costs are acting as a major growth restraint. The COVID-19 outbreak began in Wuhan (China), and since then, it has spread around the globe. As the range hood market has a high import and export percent, the pandemic has adversely affected the economy due to obstacles in the supply chain.
According to 6Wresearch, the North America Range Hood Market is likely to witness growth during 2021-2027. The growing home values have doubled homeowner equity and the need for comfort, which further leads to increased demand for kitchen hood in the US market. It is registering higher growth in entire North America and is expected to continue to be a dominant market in the future. Additionally, Canada is the fastest-growing region due to steady growth in the number of foodservice joints and residential construction projects. Quick adoption of advanced technologies and resultant demand for connected and smart devices are the key market drivers in the countries like Canada. New trends in range hoods have created immense opportunities in the market concerning installation and design. The trend of open shelves in a kitchen, as opposed to upper cabinets, is playing a major role in drawing attention toward the installation of such range hoods.
The key companies are Whirlpool Corporation, Ltd. (Samsung Group), Panasonic Corporation, Miele & Cie. KG, Robert Bosch GmbH (BSH Home Appliances Corporation), LLC (Nortek Holdings LLC), Faber S.p.A. (Franke Holding AG), Falmec S.p.A., Asko Appliances AB (Hisense Group), Samsung Electronics Co., Broan-NuTone and Elica S.p.A. (FAN S.A.)
The market is segmented based on product and distribution channels. 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. The demand for IoT-based applications and the growth of e-commerce websites are fuelling the growth. Based on Product type, the market is segmented into Under Cabinet, Wall Mounted, Ceiling Mount, and Other Types.ย Duct range hoods dominate the market as they are mostly preferred by consumers for both commercial and residential purposes.
North America Range Hood market report thoroughly covers the market by product type, distribution channels, and countries including the United States and Canada. North America Range Hood market outlook report provides an unbiased and detailed analysis of the ongoing North America 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 North America Range Hood Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Range Hood Market Revenues & Volume, 2020 & 2027F |
3.3 North America Range Hood Market - Industry Life Cycle |
3.4 North America Range Hood Market - Porter's Five Forces |
3.5 North America Range Hood Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 North America Range Hood Market Revenues & Volume Share, By Product Type, 2020 & 2027F |
3.7 North America Range Hood Market Revenues & Volume Share, By Distribution Channel, 2020 & 2027F |
4 North America Range Hood Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Range Hood Market Trends |
6 North America Range Hood Market, 2017 - 2027 |
6.1 North America Range Hood Market, Revenues & Volume, By Product Type, 2017 - 2027 |
6.2 North America Range Hood Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
7 United States Range Hood Market, 2017 - 2027 |
7.1 United States Range Hood Market, Revenues & Volume, By Product Type, 2017 - 2027 |
7.2 United States Range Hood Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
8 Canada Range Hood Market, 2017 - 2027 |
8.1 Canada Range Hood Market, Revenues & Volume, By Product Type, 2017 - 2027 |
8.2 Canada Range Hood Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
9 North America Range Hood Market Key Performance Indicators |
10 North America Range Hood Market - Opportunity Assessment |
10.1 North America Range Hood Market Opportunity Assessment, By Countries, 2020 & 2027F |
10.2 North America Range Hood Market Opportunity Assessment, By Product Type, 2020 & 2027F |
10.3 North America Range Hood Market Opportunity Assessment, By Distribution Channel, 2020 & 2027F |
11 North America Range Hood Market - Competitive Landscape |
11.1 North America Range Hood Market Revenue Share, By Companies, 2020 |
11.2 North America Range Hood Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |