Global Range Hood and Cooktops Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028.

The global range hood and cooktop market are anticipated to grow at a CAGR of 4.1 % during the forecast period (2022-2028). The global range hood and cooktop market is growing due to the increasing disposable income in developing countries coupled with the rise in urbanization. The increasing consumer expenditure on appliances is contributing the growth of the market during the forecast. The changing lifestyle of the consumer and the demand for stylish and convenient appliances that complement their living standards is also driving the growth of the range hood and cooktop market.

The rising demand for energy-efficient appliances which keep the kitchen in proper condition and the rise in demand for smart appliances are factors that are considered for the growth of the market. The range hood and cooktop are also high in demand as it uses electricity and limits the use of a normal fridge for storing ice cream, which makes the electric range hood and cooktop the healthiest way to store them at an ideal temperature. With the increasing number of events, such as parties, camping, social gatherings, and others are creating demand for the market. The increasing preference of consumers toward kitchen appliances is also expected to boost the growth of the market.

Furthermore, the rising demand of consumers to use technologically advanced equipment which is multipurpose and hassle-free and also helps users to manage their kitchen chores is driving the demand for the range hood and cooktop market. The increasing adoption of technology-driven premium kitchen appliances and smart kitchen appliances is creating demand for the range hoods and cooktop market. Additionally, increasing investment by the major market players for research and development of new and innovative energy-efficient range hood and cooktops which consume less energy is also anticipated to propel the growth of the global hoods and cooktop market in the forecast period.

Some major players in the market include Samsung, AB Electrolux, Koninklijke Philips N.V., Siemens AG, Whirlpool Corporation, and Robert Bosch GmbH among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance,

• In March 2022, AB Electrolux announced the launch of new range of induction and gas cooktops in the Indian market.
• In November 2020, FOTILE America announced the launch of Pixie Air, featuring WhisPower technology, the motor of the Pixie Air is more powerful and operates with less noise due to the technology that creates less resistance and better air flow.

 

Competitive Landscape-

Samsung, AB Electrolux, Koninklijke Philips N.V., Siemens AG, Whirlpool Corp., Robert Bosch GmbH, among others.

By Type

• Range Hood
• Cooktop

By Form

• Residential
• Commercial

By Distribution Channel

• Online
• Offline

Scope of the Report
The research study analyzes the Global Range Hood and Cooktops industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Global Range Hood and Cooktops Market Report
1. What was the Global Range Hood and Cooktops Market size in 2019 and 2021; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Global Range Hood and Cooktops Market during the forecast period (2022-2028)?
   3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
   4. Which manufacturer/vendor/players in the Global Range Hood and Cooktops Market was the market leader in 2021?
   5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

The report covers the following objectives:

• Proliferation and maturation of trade in the Global Range Hood and Cooktops market.
• The market share of the Global Range Hood and Cooktops market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
• Current and future market trends that are influencing the growth opportunities and growth rate of the Global Range Hood and Cooktops market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Global Range Hood and Cooktops market.