The cooking hood market is poised for significant growth over the next decade. Valued at US$ 11.9 billion in 2021, the industry is projected to expand at a compound annual growth rate (CAGR) of 4.8% from 2022 to 2031, reaching an estimated US$ 18.7 billion by the end of 2031. This growth is largely driven by the increasing installation of kitchen range hoods to enhance aesthetics and overall comfort, alongside the rise in cloud-based kitchens and service restaurants, particularly in the post-COVID-19 era.

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Market Overview

The global demand for kitchen range cooking hoods is on the rise, spurred by the need to improve kitchen aesthetics and comfort. The pandemic has accelerated the trend of cloud-based kitchens and service restaurants, further driving the market. Commercial kitchens are increasingly adopting cooking hoods with higher suction power due to their efficiency in managing large-scale cooking operations. Key players in the market are focusing on innovation and the development of technologically advanced products to expand their revenue streams.

Market Size and Growth

In 2021, the cooking hood market was valued at US$ 11.9 billion. With a projected CAGR of 4.8% from 2022 to 2031, the market is expected to reach US$ 18.7 billion by 2031. This growth can be attributed to the rising number of cloud-based kitchens and service restaurants, particularly in the wake of the COVID-19 pandemic, which has reshaped the food service sector. Additionally, the growing consumer expenditure on modular kitchens is contributing to the steady rise in demand for cooking hoods globally.

Competitive Landscape

The global cooking hood market is consolidated, with a few large-scale vendors controlling the majority share. Leading players are investing in comprehensive research and development activities to introduce customized products with advanced technologies. Key strategies include expansion of product portfolios and mergers and acquisitions. Prominent players in the market include Asko Appliances, Broan, Inc., BSH Home Appliances Corporation, Elica S.p.A., Faber S.p.A., Falmec S.p.A., Miele, Inc., Panasonic Corporation, Samsung Electronics, and Whirlpool Corporation.

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