The Americas range hood products market was valued at USD 20.6 billion in 2022 and is projected to expand at a CAGR of 6.5% over the forecast period (2023-2030). The demand for range hood products is increasing due to rising trends in kitchen remodeling and new kitchen construction. Furthermore, the lifestyle of consumers is changing, which is increasing the demand for range hoods due to their ability to eliminate odors, smoke, and steam. Additionally, the increasing demand for energy-efficient range hoods is driving the market growth.

Manufacturers are introducing technologically advanced range hoods with features such as digital touch controls, LED lights, and noise reduction capabilities. For instance, in September 2021, Faber launched the “Cloud” range hood, which is an innovative range hood with voice-controlled technology, allowing the user to control the product using voice commands. Furthermore, the availability of range hoods in various designs and sizes is another factor driving the growth of the market.

The increasing demand for designer range hoods owing to their aesthetic appeal is also driving the market growth. These hoods come in various shapes, sizes, and colors and can easily blend in with the look of the kitchen. Moreover, the growing demand for smart range hoods with voice-controlled technology is creating new opportunities for the market. Range hoods are increasingly being connected to home automation systems and voice-controlled services such as Amazon Alexa and Google Assistant, which is further boosting the market growth.

The rising trend of DIY (do-it-yourself) kitchen remodeling is another factor driving the market growth. DIY projects are becoming increasingly popular due to their cost-effectiveness. Moreover, the availability of various range hoods with easy installation procedures is further driving the market growth. Furthermore, vendors are offering attractive discounts on range hoods to attract more customers. For instance, in December 2021, Broan-NuTone introduced a new promotional campaign offering customers a 15% discount on select range hoods in the US.

The wall-mounted range hood segment accounted for the largest market share in 2018. Wall-mounted range hoods are installed directly over a cooktop or stove and are designed to draw air away from the surface. These range hoods are the most commonly used type of range hoods in the market, owing to their low cost, easy installation, and aesthetic appeal. In addition, technological advancements such as energy-saving features, smart controls, and noise reduction capabilities make wall-mounted range hoods attractive to consumers.

The island range hood segment is expected to register the highest CAGR of 8.2% over the forecast period. Island range hoods provide an aesthetically pleasing design for kitchens that are open to living or dining rooms. These range hoods are hung from the ceiling and are typically used in kitchens with an island countertop. Island range hoods are becoming increasingly popular among homeowners due to their modern design and advanced features such as smart controls and energy-saving capabilities.

The departmental stores segment held the largest share of the market in 2022, capturing over 33.2% share. The growth of this segment is attributed to the presence of a wide range of range hood products offered by these stores. Department stores are well-known for their comprehensive product range, and they offer a better shopping experience to their customers. They also offer a wide range of product selections and enable customers to compare products and prices before making a purchase. Furthermore, they provide an opportunity to customers to touch and feel a product before making a purchase.

The online segment is expected to register the highest CAGR of 10.9% over the forecast period. The increasing trend of online shopping and the availability of various range hood products at discounted prices are driving the growth of this segment. Moreover, the availability of various range hood models on various online platforms has attracted more customers to purchase range hoods online. Additionally, the convenience of shopping from anywhere and anytime is encouraging consumers to purchase range hoods online.

The ductless range hood products segment held the largest revenue share of 54.3% in the year 2022 on account of its widespread use in residential applications. The ductless range hoods are cost effective and easier to install, therefore it is in high demand among the users. Furthermore, the continuous technological advancements such as incorporation of carbon filters, LED lights and sensors are propelling the market growth. For instance, in March 2021, Broan-NuTone LLC, a subsidiary of Nortek Inc., launched NuTone InVent series of ductless range hoods, which provide energy savings up to 80% and LED lighting.

The wall-mounted range hood products segment is projected to register the highest CAGR of 8.2% over the forecast period. The wall-mounted range hoods are easy to install, offer superior air quality, and have a slim design, thus making it more preferred choice among consumers. Moreover, the rising trend of minimalistic designs in the kitchen is expected to increase the demand for wall-mounted range hoods. Furthermore, the growing number of launches by key players is also expected to fuel the demand for the segment in the forecasted period. For instance, in April 2021, Faber S.p.A. launched a new wall-mounted range hoods, named Faber Silenzio, which has a noise reduction technology.

The Americas range hood products market held a significant share in 2022 and is expected to grow at a CAGR of 5.8% during the forecast period. The growth of this market is attributed to the increasing demand for range hood products in the residential sector. The increasing renovation activities in the Americas region, especially in the U.S., is driving the market growth. Moreover, the increasing awareness about the various benefits of range hood products, such as air purification, smoke elimination, and odour elimination, is expected to further fuel the market growth. Furthermore, the introduction of new technologies, such as connected range hoods, is encouraging consumers to invest in range hood products. For instance, in November 2020, Broan-NuTone launched a connected range hood with voice-enabled technology.

In this part of the Americas Range Hood Products business plan, we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your Americas Range Hood business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main source of revenues for Americas Range Hood Products comes from the sale of range hoods, hoods accessories, and related services such as installation and repair. Here you will find a list with a description of each of them and other possible sources of profit such as fundraising, food & beverage, the sale of merchandise, and leasing the place for parties and corporate events.

Projecting Expenses
In this section, all the regular expenses related to keeping the Americas Range Hood Products business running will be described. The list of operating expenses includes wages, maintenance and repairs, utilities, insurance policies, advertising, and others. Additionally, this section should include an analysis of the cost of goods sold, which is the cost associated with purchasing and selling the range hoods and accessories.

Some of the key companies operating in the Americas range hood market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In February 2022, Whirlpool Corporation launched the ZLINE Kitchen range hoods with a new line of decorative range hoods designed for modern kitchens.

– In April 2022, Broan-NuTone LLC launched the Modern Glass range hoods with a range of customizable options.

– In June 2022, KitchenAid launched the Imperial range hoods with a range of powerful and efficient range hoods.

Some of the prominent players in the Americas range hood market include:

– Whirlpool Corporation
– Broan-NuTone LLC
– GE Appliances
– KitchenAid
– Panasonic Corporation
– Vent-A-Hood
– Faber S.p.A.
– Thermador
– Zephyr
– Miele & Cie. KG

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global Americas Range Hood products market based on product, distribution channel, type, and region:

1. Product Outlook (Revenue, USD Million, 2017 – 2030)

– Wall Mounted
– Island
– Under Cabinet
– Downdraft
– Others

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Supermarkets & Hypermarkets
– Online
– Others

3. Type Outlook (Revenue, USD Million, 2017 – 2030)

– Traditional
– Modern

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What are the driving forces of the Americas Range Hood Products Market?
[A]: The Americas Range Hood Products market is driven by factors such as the growing popularity of modern kitchen appliances, increasing disposable income, and the introduction of energy-efficient range hoods. Additionally, the advent of novel range hood designs and the introduction of multi-functional range hoods is expected to drive market growth.

[Q]: Who are the key players in the Americas Range Hood Products Market?
[A]: The key players in the Americas Range Hood Products Market include Whirlpool Corporation, Electrolux AB, Faber S.p.A, Broan-NuTone LLC, Elica S.p.A., Robam Industries Co. Ltd., Franke Faber India Pvt. Ltd., and BSH Home Appliances Corporation.

[Q]: What are the factors restraining the market growth?
[A]: Factors such as the high cost of range hoods and the lack of technological innovations are expected to restrain the growth of the Americas Range Hood Products Market.

[Q]: What are the opportunities in the Americas Range Hood Products Market?
[A]: The Americas Range Hood Products Market offers significant opportunities such as the introduction of innovative designs, energy-efficient range hoods, and the emergence of multi-functional range hoods.

[Q]: What is the market revenue of the Americas Range Hood Products Market?
[A]: The Americas Range Hood Products Market is expected to reach USD 4,137.6 million by 2027, growing at a CAGR of 5.6% from 2020 to 2027.