The global kitchen hood system market is expected to grow at a moderate 3.9% CAGR during the forecast period. In 2023, the kitchen hood system market is expected to be worth US$ 12,587.8 million. The kitchen hood system market is expected to reach a high of US$ 18,454.7 Million by 2033.
Manufacturers are reducing noise by using multiple layers, sound absorbing bases, and filtration system motors, which is driving sales of kitchen hood systems. Furthermore, in response to consumer demand for smart features such as temperature, wireless connectivity, noise reduction, infrared sensors, and optics in their products, they are focusing on developing innovative devices.
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One significant factor that promotes the market growth is the stringent regulations implemented by various regional governments regarding the hygiene and cleanliness in food chains and restaurants, which has mandated the installation and adoption of kitchen hood system. Certain key players claim to manufacture kitchen hood systems of the highest quality. Furthermore, they are expected to allow easy cleaning of stains that are traced due to the kitchen works, highly durable, and sold at the best price in the market. Fresh air produced from these systems, that are equipped with Fresh Air Systems, releases pleasant air at all times and it allows the staff to work in the best condition.
Key players further claim that their kitchen hood systems are easy to maintain. They are ideally designed to pull out most of the pollution and smoke in the kitchen area and create a workable environment within a short period, by incurring fewer electricity charges. This is likely to drive the demand for kitchen hood system amongst people. In addition, these hoods are available in different sizes and models as well, to satisfy the customer needs. Kitchen hood systems are primarily used where large amount of food is prepared due to their efficiency hence their demand with higher suction power range is increasing amongst commercial kitchens.
Furthermore, kitchen exhaust fans and hood ventilation absorb moisture from the air that can cause cracks in the walls and ceilings. This is expected to surge the growth of the kitchen hood system market share. There has also been a rise in popularity of smart household cooking appliances owing to changing lifestyles and busy work schedules. Increase in deployment of IoT devices has surged the product demand, globally. Manufacturers are engaging in new product research and development (R&D) activities owing to the presence of hydraulic efficiency regulations, including those related to ventilation systems and hood systems, and related fuel combustion emission controls. Additionally, manufacturers are further coming up with innovative products such as UV protection hoods, self-cleaning devices, and portable kitchen hood systems. All these factors contribute to the growing product demand and is anticipated to expand the global kitchen hood systems market size.
However, key issues restraining the sales of culinary appliances are restricted labour working hours, limited and fluctuations in component accessibility, and other supply-chain related activities. Furthermore, high maintenance costs and presence of substitutes in the market may challenge the market growth. Consumers globally have become aware of the detrimental consequences of the greenhouse effect, as well as the significant increase in pollution which may be a cause of concern due to the adoption of kitchen hood system and its overuse.
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Key Takeaways:
§ Germany is anticipated to achieve a remunerative CAGR of 21.6%, during the time covered by the projections. This is attributed to the presence of key market players and manufacturers who claim to provide a range of kitchen hood systems of the highest quality, with very affordable prices, whilst being mindful of the impact of their use and manufacture has upon the environment.
§ In 2023, the U.S. maintained its position as the market leader, with a revenue share that was greater than 21.6%. The primary elements that are contributing to the expansion of the market in this region are, the prosperous food and hospitality sector, the fast-growing foodservice industry, rapid urbanization and the increasing number of food outlets are largely responsible for the expansion of the country. Moreover, the growing desire to keep households and commercial kitchens fresh, and moisture and pollution free is further expected to contribute to the increasing demand for kitchen hood system.
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§ Owing to the efficiency and compact structure, the “chimney/wall mounted” product type holds the highest revenue share in 2023, accounting for more than 39.4% of total revenue. The hood system can be installed on the ceiling or mounted on the wall which leaves a lot of room or space for other furniture or appliances.
§ The “extraction” technology type accounted for more than 58.2% of the total income generated in 2023. Apart from capturing the same efficiency as hoods, the extraction technology also reduces airflow and minimizes the impact of cross drafts.
Competitive Landscape:
Growth initiatives, such as product innovation, regulatory approval of new products, and mergers and acquisitions, are a primary emphasis of the kitchen hood system market leaders. For instance, in July 2022, Franke launched its Avant Silence range hoods, which combine high performance with low noise levels. The new wall and island range hoods are ideal for open kitchens. These models are equipped with the new Franke Sound Pro Blowers, which offer noise reduction and a more pleasant operating sound. Moreover, in March 2022, Smart Product Concepts Ltd. announced the launch of AirHood, a portable cooking hood. The AirHood is available for pre-order via Kickstarter, and early backers would get access to exclusive discounts of up to 40%.
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