The global range hood products market was valued at USD 11.3 billion in 2021 and is projected to expand at a CAGR of 5.7% from 2022 to 2030. Range hoods are designed to remove cooking odors, smoke, moisture, and other airborne contaminants from the kitchen. They are essential household appliances that help to maintain a healthier and cleaner environment in the kitchen. Innovations in the range hoods are driving the growth of the market. For instance, in February 2021, Whirlpool Corporation launched a range of range hoods with advanced features such as auto-sensing technology, which automatically turns on the hood when it senses cooking smoke.

The increasing demand for energy-efficient range hoods is boosting the growth of the market. Moreover, the introduction of remote-controlled range hoods is propelling the demand for range hoods. For instance, in April 2021, robam launched a new range of range hoods that are designed to automatically adjust the hood’s air speed based on the type of cooking. The product is equipped with a remote control that enables users to operate the hood from any corner of the room.

Furthermore, the increasing urbanization and rise in disposable income are also expected to drive the demand for range hoods in the coming years. The growing trend of modular kitchens has also resulted in a surge in demand for range hoods. Moreover, the growing awareness among customers regarding the health benefits associated with range hoods is further fuelling the demand for these products.

The increasing demand for smart range hoods is also expected to drive the market growth. Smart range hoods are equipped with Wi-Fi-enabled features, such as voice-activation, smartphone control, and temperature and humidity sensing. These features enable users to monitor the level of smoke and odor in the kitchen, thus making it easier to cook and maintain a healthy environment. Moreover, manufacturers are focusing on the development of energy-efficient products to cater to the growing demand from consumers. For instance, in August 2021, XtremeAir USA launched a new line of energy-efficient range hoods. The new range hoods are designed to consume 30% less energy compared to traditional ones.

The integrated range hood segment held the largest revenue share of 39.1% in 2020. The popularity of integrated range hoods is attributed to their easy installation and maintenance. These range hoods are connected to kitchen exhaust systems and can be easily installed without any additional wiring. Moreover, the increasing demand for energy-efficient kitchen appliances is expected to drive the growth of the integrated range hood segment.

The wall mount range hood segment is expected to register the highest CAGR of 7.5% over the forecast period. According to the U.S. Department of Energy, the use of wall mount range hoods is the most efficient way to reduce exposure to indoor air pollutants. In addition, factors such as the need for a clutter free kitchen, easy installation, and easy to use and maintain are driving the demand for wall mount range hoods. Moreover, the introduction of advanced and stylish range hoods is further driving the demand for wall mount range hoods.

The home improvement stores segment held the majority market share in 2022, owing to the increasing demand for range hoods in residential and commercial kitchens. The increasing renovation activities and construction of residential and commercial buildings are expected to drive the demand for range hoods through home improvement stores over the forecast period. According to a survey by the U.S. Census Bureau, the renovation and repair activities on existing structures in the U.S. increased from US$299.3 Billion in 2019 to US$307.6 Billion in 2020.

Online distribution channels are expected to register the highest CAGR of 10.1% over the forecast period. The increasing use of the internet for research and purchase activities by customers is driving the demand for range hoods through e-commerce websites. The presence of numerous home appliances and kitchen products has shifted the preference of customers towards online stores. In addition, the availability of various discounts and offers on products sold through online channels is expected to further drive their demand.

The ducted range hoods segment accounted for the highest revenue share of 86.4% in the year 2022. The increasing number of households in emerging countries such as India and China has led to an increased demand for range hoods. Furthermore, the rising trend of modular kitchens and kitchen renovations has resulted in the increased popularity of range hoods in developing countries, thus driving the market growth.

The ductless range hoods segment is anticipated to expand at the highest CAGR of 8.2% during the forecast period. The growth of this segment is attributed to the rising demand for energy conservation products. Moreover, the growing trend of modular kitchen and renovation activities in developed countries such as the U.S., France, and Germany have further increased the demand for ductless range hoods. Additionally, the increasing awareness about health and hygiene has augmented the demand for ductless range hoods.

Europe is expected to remain the largest regional market, owing to the presence of multiple regional and international players in the region. Increasing consumer spending on home appliances and rising demand for energy-efficient range hoods are major factors driving the growth of the market in the region. The presence of major players such as Elica S.p.A, Whirlpool Corporation, and Broan-NuTone in the region is further expected to drive the growth of the market.

Asia Pacific is expected to witness the highest growth, owing to the increasing consumer spending on home appliances in countries such as China, India, and Japan. In addition, the increasing number of housing projects and rising consumer disposable income have propelled the growth of the market in the region. For instance, in June 2021, the Indian government announced two new projects, Pradhan Mantri Awas Yojana (PMAY) and Smart City Mission, to promote housing projects in the country.

In this part of the 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 range hood products business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main source of revenues for a range hood products business comes from the sale of range hoods, accessories, and parts. Other possible sources of profit may include consulting services, installation and repair services, and online sales.

Projecting Expenses
In this section, all the regular expenses related to keeping the range hood products business running will be described. The list of operating expenses includes wages, maintenance and repairs, utilities, insurance policies, advertising, website costs, and others.

Some of the key companies operating in the 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 October 2022, Broan-NuTone LLC launched the BlackEase Series range hood, designed to be quieter, more efficient, and more powerful than their previous models.

– In August 2022, Whirlpool Corporation launched the Whirlpool Gold Series range hoods, designed to provide superior air filtration, quieter operation, and a range of customizable features.

– In June 2022, GE Appliances launched a range hood designed to filter out smoke, steam, and odors more effectively than ever before.

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

– Whirlpool Corporation
– Broan-NuTone LLC
– Faber S.p.A.
– Zephyr
– Vent-A-Hood
– GE Appliances
– XO Ventilation
– Broan
– Kobe Range Hoods
– Samsung Electronics

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 range hood products market based on product type, distribution channel, and region:

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

– Wall Mount Range Hoods
– Island Range Hoods
– Under Cabinet Range Hoods
– Downdraft Range Hoods

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

– Supermarkets & Hypermarkets
– Online
– Others

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

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

[Q]: What is the Potential for Growth in the Range Hood Products Market?
[A]: The range hood products market is expected to witness significant growth due to the rise in construction activities and the increasing demand for energy efficiency. Increasing awareness about the importance of indoor air quality and the need for superior ventilation systems are also expected to drive the growth of the market.

[Q]: Who are the Key Players in the Range Hood Products Market?
[A]: Major players operating in the global range hood products market include Whirlpool Corporation, Miele, Elica S.p.A., Faber S.p.A., Electrolux, Broan-NuTone LLC, AKDY, Windster Hoods, ZLINE Kitchen and Bath, and Vissani.

[Q]: Which Region Offers the Largest Opportunity for Sales of Range Hood Products?
[A]: The North American region is expected to have the largest market share in terms of value, due to the presence of prominent players in the region. The growing demand for energy-efficient products, increasing consumer spending power, and changing lifestyle are some of the factors driving the growth of the market in this region.

[Q]: What are the factors driving the range hood products market?
[A]: Factors such as the rising population, increasing urbanization, rising disposable income, and the increasing trend of modular kitchen designs are expected to drive the market growth. Furthermore, the presence of stringent regulations regarding energy efficiency, rising awareness about the importance of indoor air quality, and the need for superior ventilation systems are expected to further propel the demand for range hood products.