PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1620614
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1620614
North America Range Hood Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 to 2032
North America Range Hood Market, valued at USD 3.1 billion in 2023, is projected to grow at a CAGR of 6.4% from 2024 to 2032, driven by a surge in home renovations and a heightened focus on indoor air quality. As kitchen remodels become common, homeowners opt for energy-efficient, aesthetically appealing range hoods that align with modern, open-concept kitchen designs. These appliances not only enhance the visual appeal of kitchens but also play a crucial role in improving air quality by effectively managing cooking odors and fumes. Segmented by product, the market includes under-cabinet, wall-mounted, ceiling-mounted, and other range hood types.
In 2023, wall-mounted range hoods led the market with approximately USD 1 billion in revenue and are expected to grow at a CAGR of 6.5% through the forecast period. Wall-mounted hoods, popular for their space-saving design, are ideal for open kitchen layouts. They provide efficient ventilation, effectively removing smoke, grease, and odors, making them a preferred choice for homeowners, especially in smaller kitchens. Leading companies in the market are continuously enhancing these hoods with sleek designs and advanced functionalities to meet evolving consumer preferences.
The market, based on application, is divided into residential and commercial segments. In 2023, the residential segment dominated with about 76.2% of the total market share and is anticipated to grow at a CAGR of 6.4% through the forecast period. The rising focus on indoor air quality and the popularity of modern kitchen aesthetics are key growth drivers within the residential sector. With an increasing number of open-concept homes, where kitchens merge with living spaces, effective ventilation has become essential to maintain indoor air quality.
| Market Scope | |
|---|---|
| Start Year | 2023 |
| Forecast Year | 2024-2032 |
| Start Value | $3.1 Billion |
| Forecast Value | $5.4 Billion |
| CAGR | 6.4% |
This trend makes range hoods a standard feature in new builds and renovated kitchens, serving dual purposes of functionality and design enhancement. The U.S. leads North America's range hood market, contributing around USD 2.7 billion in revenue in 2023, with an expected CAGR of 6.4% through the forecast period. The demand in the U.S. is largely due to growing awareness of air quality and energy efficiency among homeowners. Kitchen renovations are on the rise, with many Americans seeking range hoods that not only blend seamlessly with open layouts but also operate quietly and efficiently.
Additionally, rising sustainability regulations encourage manufacturers to develop more eco-friendly and energy-efficient designs, further supporting market growth.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast parameters
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry synopsis, 2021 - 2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Factors affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.2 Supplier landscape
- 3.3 Profit margin analysis
- 3.4 Key news & initiatives
- 3.5 Regulatory landscape
- 3.6 Impact forces
- 3.6.1 Growth drivers
- 3.6.1.1 Increasing consumer awareness of indoor air quality
- 3.6.1.2 Rise in residential remodeling and renovation activities
- 3.6.1.3 Growing popularity of open-concept kitchens
- 3.6.2 Industry pitfalls & challenges
- 3.6.2.1 High competition leading to price sensitivity
- 3.6.2.2 Stringent energy and emission regulations
- 3.6.1 Growth drivers
- 3.7 Growth potential analysis
- 3.8 Customer buying behavior analysis
- 3.9 Porter's analysis
- 3.10 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Product, 2021 - 2032, (USD Billion) (Thousand Units)
- 5.1 Key trends
- 5.2 Under cabinet
- 5.3 Wall mount
- 5.4 Ceiling mount
- 5.5 Others
Chapter 6 Market Estimates & Forecast, By Application, 2021 - 2032, (USD Billion) (Thousand Units)
- 6.1 Key trends
- 6.2 Residential
- 6.3 Commercial
- 6.3.1 Restaurant
- 6.3.2 Hotel
- 6.3.3 Cafe
Chapter 7 Market Estimates & Forecast, By Distribution Channel, 2021 - 2032, (USD Billion) (Thousand Units)
- 7.1 Key trends
- 7.2 Direct selling
- 7.3 E-Commerce
- 7.4 Others
Chapter 8 Market Estimates & Forecast, By Countries, 2021 - 2032, (USD Billion) (Thousand Units)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
Chapter 9 Company Profiles
- 9.1 Air King America, LLC
- 9.2 Bertazzoni S.p.A.
- 9.3 Broan-NuTone, LLC
- 9.4 BSH Home Appliances Corporation
- 9.5 Electrolux AB
- 9.6 Faber S.p.A.
- 9.7 Frigidaire, a brand of Electrolux AB
- 9.8 GE Appliances, a Haier company
- 9.9 KOBE Range Hoods Inc.
- 9.10 LG Electronics Inc.
- 9.11 Samsung Electronics Co., Ltd.
- 9.12 Vent-A-Hood Company
- 9.13 Whirlpool Corporation
- 9.14 Whynter, LLC
- 9.15 Zephyr Ventilation, LLC
