A recent report published by Infinium Global Research on cooking hood market provides an in-depth analysis of segments and sub-segments in the global as well as regional cooking hood market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional cooking hood market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global cooking hood market. According to the report, the global cooking hood market is projected to grow with a healthy CAGR over the forecast period of 2019-2025.
The kitchen is a center point of the home. It is the place where everyone comes together at the start of the day. Changing technology and social dynamics stimulate the growth of the modern kitchen. The cooking hood is a part of the modern kitchen. Major companies in the cooking hood market are focusing on mergers and acquisitions to maximize their market share. In June 2018, Whirlpool acquired a 49% share of Elica PB which is a kitchen hood and cooking equipment maker. Whirlpool has made this investment to expand their cooking and built-in appliance portfolio.
The rising demand for easy to use and convenient kitchen appliances that drive the growth of the cooking hood market. New infrastructure and development in interior designs stimulate the growth of the cooking hood market. The rising disposable income, urbanization and increasing demand for cleaning appliances contributing to the growth of the cooking hood market. In addition, the rising awareness about the benefits of cooking hoods boosts the growth of the cooking hood market. On the flip side, the prevalence of traditional ventilation system in old construction restraints the growth of cooking hood market. Moreover, technological advancements create opportunities for the cooking hood market.
North America is expected to have a larger share in the cooking hood market. The rapid development in infrastructure and increasing demand for modern kitchen in The United States contributes to the growth of the cooking hood market in the North America region. Asia-Pacific region is anticipated to grow in the cooking hood market. Asia-Pacific region has a huge population with increasing demand for convenient kitchen appliances that contributes to the growth of the cooking hood market in the Asia-pacific region.
The report on global cooking hood market covers segments such as product type, application, and distribution channel. On the basis of product type, the sub-markets include wall mounted hoods, ceiling mounted hoods, under cabinet type hoods, and other product types. On the basis of application, the sub-markets include residential, and commercial. On the basis of distribution channel, the sub-markets include online, and retail stores.
The report provides profiles of the companies in the market such as Whirlpool Corporation, Faber S.p.A., Falmec S.p.A., Miele, Inc., Panasonic Corporation, Samsung Electronics, Nortek Inc., Fagor Electrodomsticos, Vatti Corporation Ltd., AB Electrolux, and Other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of cooking hood market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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