Cooker Hood Market Size (2024 – 2030)

The cooker hood market was valued at USD 12.1 billion in 2023 and is projected to reach a market size of USD 16.91 billion by the end of 2030. Over the forecast period of 2024–2030, the market is projected to grow at a CAGR of 4.90%.

A cooker hood, often referred to as an extractor hood or range hood, is an appliance that hangs above a hob or stove and purges the air of airborne impurities. By using filtration and evacuation, it eliminates heat, steam, smoke, combustion products, oil, and odors. Any kitchen needs a cooker hood because it keeps the space sanitary and free of smoke, oil, and undesirable smells. A motorized fan draws in the contaminated air, which is then either expelled outdoors or purified before being circulated again.

Key Market Insights:

Opportunities exist in meeting consumer demand for fashionable, eco-friendly, and highly sophisticated cooker hoods for both residential and commercial use; North America and the Asia-Pacific area show particularly strong development potential in this regard. The market for cooker hoods has seen recent trends that reflect changing consumer preferences for convenience, style, and sustainability. These trends include the integration of smart features for remote control, sleek minimalist designs, an emphasis on eco-friendly and energy-efficient models, noise reduction technologies, and increased customization options.

Cooker Hood Market Drivers:

Consumers increased demand and technological advancements are facilitating the expansion.

The insulation market is driven by several key factors that are shaping the future of kitchen ventilation solutions. One of the biggest driving factors is the increased focus on health and sustainability. Consumers are becoming more aware of indoor air quality and the impact of cooking dust on their well-being. As a result, there is an increasing demand for insulation with advanced filtration systems that effectively remove air pollution and odors, thereby promoting a healthier living environment. The rise of open kitchen designs has led to a demand for a glossy cover solution that complements modern aesthetics and effectively removes cooking and steam. In addition, technological advancements, such as sensor-based controls and smart connectivity, are transforming shutters into smart devices that provide convenience and automation. These drivers drive innovation in the insulation market, shaping it into more efficient, stylish, and sustainable solutions to meet changing customer needs.

Cooker Hood Market Restraints and Challenges:

Despite its growth, the insurance market faces many obstacles and challenges. A significant challenge lies in the regulations and standards that vary from region to region regarding energy efficiency and noise levels. Compliance with these standards often requires extensive research and development, which can increase production costs. The market is highly competitive, with many players offering different products, making it challenging for new entrants to establish themselves. Another barrier is consumers' lack of awareness of the importance of insulation in maintaining indoor air quality and reducing cooking-related pollution. In addition, economic uncertainty and raw material price fluctuations can affect overall market growth and the profitability of manufacturers. Meeting these challenges requires innovative solutions, including the development of cost-effective technology, energy efficiency, and effective marketing strategies to educate consumers about the benefits of kitchen insulation.

Cooker Hood Market Opportunities:

The insurance market is poised for significant growth, driven by several important opportunities. With the development of open kitchens and modern interiors, there is a strong demand for stylish kitchen covers that fit seamlessly into modern living spaces. In addition, as environmental awareness grows, there is a demand for environmentally friendly ventilation solutions, allowing manufacturers to innovate in this way. Incorporating smart technology into kitchen appliances paves the way for more advanced features such as sensor-based controls, automatic cleaning, and integration with other smart home devices. The global rise of the food industry, along with the growing demand for gourmet food at home, is creating a strong market for high-performance insulation capable of handling a wide variety of foods. and the need for strong winds. The insurance market is full of opportunities for companies to take advantage of changing consumer preferences and technological advancements.

COOKER HOOD MARKET REPORT COVERAGE:

Cooker Hood Market Segmentation: By Product

• Wall-mounted hoods

• Ceiling-mounted Hoods

• Under-cabinet Type Hoods

• Down Draft

• Others

Under-cabinet hoods are the highest-selling product. First, the increasing popularity of compact kitchen designs, especially in urban areas where space is limited, has fueled the demand for space-saving ventilation solutions, such as attic insulation. In addition, as more families make cooking a pastime and social event, the demand for effective ventilation solutions to control kitchen odors and smoke has increased, thus fueling the growth of insulation under the house. Their installation and compatibility with different kitchen designs make them a favorite choice for both homeowners and designers. Therefore, the growing popularity of hoods is expected to have a significant impact on the growth of the global hoods market, thereby contributing to its expansion in the coming years.  Wall-mounted hoods are emerging as the fastest-growing. One important factor is the increasing popularity of open kitchen designs in both residential and commercial settings, where wall-to-wall insulation provides an attractive, space-saving ventilation solution. The growing trend of modular kitchens, which are designed with great aesthetics and efficient use of space, is fueling the demand for wall coverings due to the ability to connect them seamlessly. Technological advances have led to the creation of quieter and more efficient types of wall coverings, increasing their appeal to consumers looking for both performance and durability. The impact of the growing interest in wall insulation extends to the global insulation market, driving innovation and competition among manufacturers to meet changing consumer needs, thus increasing the growth and flexibility of movement.

Cooker Hood Market Segmentation: By Application

• Residential

• Commercial

The commercial sector is the largest and fastest-growing application. One of the main growth factors is the rising hospitality sector, which includes hotels, restaurants, and cafes around the world. As these companies strive to provide a unique dining experience, there is an increasing demand for high-efficiency ventilation systems, leading to the adoption of commercial-grade kitchen cabinets. In addition, the expansion of commercial kitchens due to urbanization and economic development is driving the market to increase because large food preparation companies require strong ventilation solutions to maintain air quality and follow safety rules. The increasing popularity of food delivery services and ghost kitchens is driving the need for commercial-grade insulation in non-traditional food spaces. Overall, the influence of business sectors on the insurance market is substantial, shaping innovation, market dynamics, and global demand patterns.

Cooker Hood Market Segmentation: Regional Analysis

• North America

• Asia-Pacific

• Europe

• South America

• Middle East and Africa

North America has the highest market share of around 42% in 2023. One driving force is the growing focus on home improvement and kitchen renovation across the continent. As more homeowners invest in upgrading their homes, there is an increasing demand for stylish and functional coatings that complement the modern kitchen style. Additionally, growing awareness of indoor air quality and the need for efficient home ventilation solutions are contributing to market expansion. North America's influence on the global kitchen flooring market is significant, as it represents one of the largest customer areas for kitchen appliances. As the region continues to embrace technological advancements and sustainability initiatives, manufacturers around the world are being forced to adapt and offer products that conform to North American standards, thereby shaping the world. sales of kitchen covers. Asia-Pacific is the fastest-growing market. Rapid urbanization, especially in countries such as China, India, and Southeast Asian countries, is leading to an increase in residential and commercial construction, thus increasing the demand for kitchen appliances, especially kitchen appliances. the kitchen. Moreover, increasing disposable income and changing lifestyles in this area are leading to increased attention to kitchen renovations and improvements, thereby increasing market growth. In addition, the population of young people, as well as the increase in the cleanliness and quality of indoor air, make for great adoption of air conditioning solutions. The impact of the Asia Pacific market on the global kitchen cabinet industry is significant. Not only does the area represent a large customer base, but it also serves as a center for manufacturing and innovation in the kitchen equipment sector. As Asian markets continue to grow and develop, their influence on the global insurance market is expected to grow, shaping product design, technology integration, and global market trends. So, understanding and taking advantage of the opportunities presented by the Asia-Pacific region is crucial for businesses looking to succeed in the global insurance market.

COVID-19 Impact Analysis on the Cooker Hood Market:

The COVID-19 pandemic has significantly impacted the cooker hood market, ushering in both challenges and opportunities. With people spending more time at home due to lockdowns and remote work arrangements, there has been a surge in home cooking activities. This increased cooking has highlighted the importance of efficient ventilation systems, driving demand for cooker hoods. However, supply chain disruptions, factory closures, and economic uncertainties have posed significant challenges for manufacturers and distributors. Moreover, shifting consumer priorities towards essential needs and limited discretionary spending have influenced purchasing behaviors in the cooker hood market. Companies are adapting by emphasizing online sales channels, promoting hygiene features in their products, and innovating to meet evolving consumer demands for quieter, more energy-efficient, and aesthetically pleasing cooker hood solutions. As the world navigates through the pandemic, the cooker hood market is poised for recovery and growth, fueled by evolving consumer preferences and technological advancements.

Latest Trends/ Developments:

In recent years, the cooker hood market has undergone a remarkable transformation, driven by evolving consumer preferences and technological advancements. One of the most notable trends is the integration of smart features into cooker hoods, allowing users to control ventilation settings remotely through smartphone apps or voice commands. Design-wise, sleek and minimalist styles are gaining popularity as consumers seek appliances that seamlessly blend into modern kitchen aesthetics. Moreover, there's a growing demand for eco-friendly and energy-efficient cooker hood models, reflecting a broader societal shift towards sustainability. Another significant development is the emphasis on noise reduction, with manufacturers investing in innovative technologies to create quieter operations without compromising on performance. Additionally, customization options are becoming more prevalent, catering to individual preferences and kitchen layouts. As the market continues to evolve, these trends are shaping the future of cooker hoods, offering consumers a diverse range of choices that prioritize convenience, style, and sustainability.

Key Players:

1. Asko Appliances AB

2. BSH Home Appliances Corporation

3. Elica S.p.A, Miele Inc.

4. Whirlpool Corporation

5. Panasonic Corporation

6. Faber S.p.A.

7. Falmec S.p.A.

8. Broan, Inc.

9. Samsung Electronics.