The Global Residential Cooker Hoods Market is forecasted to grow at 4.3% CAGR with factors such as the growing need for cleaning appliances in domestic kitchens and the rise in per capita income of working-class society.
The global residential cooker hoods market has shown exceptional penetration in Asia-Pacific, North America, and Europe due to the increasing investments in kitchen appliances in both developing and developed countries. However, the high retail cost associated with cooker hoods acts as a restraint in the global residential cooker hoods market.
Global Residential Cooker Hoods Market Scenario
According to Data Bridge Market Research, the market for the global residential cooker hoods market in Asia-Pacific has the highest market share, followed by North America and Europe. The market leader is Samsung which accounts for an estimated market share of approximately 8.80% in the global residential cooker hoods market. The company has gained outstanding sales through its consumer goods and kitchen appliances.
For instance,
- In September 2021, Samsung won 48 awards at International Design Excellence Awards (IDEA). This award helps to attract more customers in the global market
Trends Impacting the Market
Now the question is which other regions Samsung, Arçelik, and Panasonic Corporation are targeting? Data Bridge Market Research has forecasted a large growth in the Asia-Pacific residential cooker hoods market and the market leaders targeting North America and Europe to be their next revenue pockets for 2021.
The global residential cooker hoods market is becoming more competitive every year with companies such as Samsung, Arçelik, and Panasonic Corporation. They are the market leaders for the global residential cooker hoods market. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the global residential cooker hoods market.
For more analysis: https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-residential-cooker-hoods-market
Global Residential Cooker Hoods Market Developments
- In August 2021, Panasonic Corporation launched a new factory for IAQ*1 Devices in Shunde, China, to enhance the production of energy recovery ventilator systems. With this development, the company plans to enhance its market share across the South Asia region
- In July 2021, Arçelik A.Ş. and Hitachi Global Life Solutions, Inc. announced the launch of a new joint venture company, Arçelik Hitachi Home Appliances B.V. The development helps both companies to expand their home appliance business around the world
Scope of the Global Residential Cooker Hoods Market
The global residential cooker hoods market is segmented into three notable segments based on product, suction power, and distribution channel.
- On the basis of product, the global residential cooker hoods market is segmented into wall-mounted hoods, under-cabinet type hoods, ceiling-mounted hoods, downdraft, and others. On the basis of suction power, the global residential cooker hoods market is segmented into less than 800 m3/h, 800-1200 m3/h, and more than 1200 m3/h. On the basis of distribution channel, the global residential cooker hoods market is segmented into specialty stores, supermarkets/hypermarkets, e-commerce, and others.
To know more about the study: https://www.databridgemarketresearch.com/reports/global-residential-cooker-hoods-market
Key Pointers Covered in Global Residential Cooker Hoods Market Industry Trends and Forecast to 2028
- Market Size
- Market Standards and Changes
- Market Trials in Different Regions
- Market Requirements in Different Regions
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Recent Market Value for Different regions
- Sales Data for Market Competitors
- Key Vendors and Disruptors Study
- Supply Chain Competitiveness
Key Market Competitors Covered in the Report
- ASKO
- Broan- NuTone, LLC. (A subsidiary of Madison Industries)
- Robert Bosch GmbH
- ELICA
- Faber S.P.A.
- Falmec SPA
- FOTILE
- KOBE Range Hoods
- Miele
- Pacific Hoods Inc.
- BEST Range Hoods
- Panasonic Corporation
- Whirlpool Corporation
- Samsung
- IFB Industries Limited
- Vent-A-Hood
- Zephyr Ventilation
- Windster Hoods
- VIKING RANGE, LLC (A subsidiary of Middleby Corporation)
- Luxair Cooker Hoods Limited
- Franke Management AG
- KAFF Appliances
- Arçelik
- CNA Group
- Haier Group
- Teka Group
- Robam Living
- Midea
- VATTI
- Novy
Above are the key players covered in the report. To know about more and exhaustive list of the global residential cooker hoods companies, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-residential-cooker-hoods-market
Research Methodology: Global Residential Cooker Hoods Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or can drop down your inquiry.
The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market timeline analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis, and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Household Industry/Kitchen Appliances
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers, among others.
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