North America Range Hood Market to Grow with a CAGR of 5.19% through 2030F
The North America Range Hood Market is growing due
to rising kitchen remodeling trends, increasing awareness of indoor air
quality, and demand for modern, energy-efficient ventilation solutions in
residential spaces.
According
to TechSci Research report, “North America Range Hood Market – By Country, Competition, Forecast & Opportunities, 2020-2030F”, the North America Range Hood Market was
valued at USD 3.86 Billion in 2024 and is expected to reach USD 5.21 Billion by
2030 with a CAGR of 5.19% during the forecast period. The North America range hood market has experienced
significant growth in recent years, driven by factors such as changing consumer
preferences, advancements in technology, and the increasing importance of
kitchen aesthetics. The demand for high-performance kitchen ventilation systems
has surged due to the growing awareness of indoor air quality and the rising
popularity of modern kitchen designs. With rapid urbanization, a booming
housing market, and rising home renovation trends, more homeowners and builders
are investing in range hoods to enhance the functionality, cleanliness, and
aesthetic appeal of kitchens. As a result, the range hood market is witnessing
a shift toward innovative, energy-efficient, and smart solutions, contributing
to the continued expansion of this sector in North America.
Consumer preferences in North America
are increasingly focusing on appliances that offer both functionality and
aesthetics. The kitchen is no longer just a space for cooking but has evolved
into a central gathering area in the home. This transformation has spurred the
demand for stylish, high-tech appliances that not only perform well but also
complement the overall design of the kitchen. Modern range hoods have become
design statements, with consumers opting for products that align with
contemporary, open-concept kitchen layouts. As homeowners invest in remodeling
and upgrading their kitchens, range hoods that blend seamlessly with various
kitchen styles are in high demand.
Technological advancements have played a
crucial role in shaping the market for range hoods. Today’s models come
equipped with a range of features designed to improve both performance and user
experience. Smart technology integration has become a key selling point, with
many range hoods offering Wi-Fi connectivity, voice control compatibility, and
app-based controls that allow users to manage their appliances remotely.
Additionally, range hoods are incorporating advanced filtration systems,
improved airflow technology, and noise reduction features, catering to the
growing demand for efficient and quiet appliances. These technological
innovations not only enhance the functionality of range hoods but also align
with the increasing trend toward smart homes, where appliances seamlessly
integrate into the home automation ecosystem.
Energy efficiency is another critical
factor influencing the growth of the North America range hood market. As
consumers become more environmentally conscious, there is an increasing
preference for products that consume less energy without compromising performance.
Manufacturers are responding to this demand by developing energy-efficient
range hoods that use less power while maintaining powerful ventilation. Many of
these models feature LED lighting, energy-efficient motors, and eco-friendly
filtration systems that help reduce the overall carbon footprint of the
kitchen. Additionally, government incentives and regulations promoting
energy-efficient products are further driving consumer adoption of
energy-saving appliances. These developments are expected to remain a
significant driver in the coming years, especially as sustainability becomes a
more prominent concern for both consumers and manufacturers.
The North America range hood market is
also benefiting from an increase in kitchen remodeling and renovation
activities. According to various reports, kitchen renovations are among the
most popular home improvement projects in North America. As homeowners seek to
modernize their kitchens, the demand for high-performance appliances, including
range hoods, has risen significantly. A key factor contributing to this growth
is the aging of the housing stock, as many older homes require updates to their
kitchen systems. Homeowners are increasingly investing in upgraded ventilation
solutions to improve indoor air quality and create a more comfortable cooking
environment. The rise of home improvement shows and social media platforms has
further fueled interest in kitchen renovations, encouraging consumers to
upgrade their appliances, including range hoods, to align with contemporary
trends.
Despite the numerous drivers
contributing to market growth, the North America range hood market faces
several challenges that could potentially impact its future growth trajectory.
One of the primary challenges is the high cost associated with advanced and
premium range hoods. While technological innovations and sleek designs offer
numerous benefits, they also come with higher price points that may deter
budget-conscious consumers. Many consumers may opt for more affordable, basic
range hood models or delay upgrading their existing systems due to the high
upfront costs. Moreover, the complex installation process of some high-end
models may further discourage consumers from purchasing premium products.
Manufacturers must find ways to balance innovation with affordability to cater
to a wider range of customers.
Browse
over xx market data Figures spread through xx Pages and an in-depth TOC on
" North America Range Hood Market”
The North
America Range Hood Market is segmented into type, end user, sales channel, country
and company.
Based
on sales channel, online
retail segment is the fastest-growing sales channel in the North America range
hood market, driven by the convenience of shopping from home and the ability to
compare products easily. E-commerce platforms allow consumers to access a wide
variety of range hoods, read reviews, and make informed purchasing decisions.
The growth of online sales is also fueled by the rise of digital marketing,
targeted promotions, and the availability of detailed product specifications.
Additionally, the ability to offer home delivery and flexible payment options
has contributed to the increasing preference for online shopping, enhancing its
market dominance.
Based on country, Canada
is emerging as the fastest-growing region in the North America range hood
market, driven by several key factors. The country's robust residential
construction sector, coupled with a growing trend in kitchen renovations, has
significantly increased the demand for high-quality kitchen appliances,
including range hoods. As Canadian homeowners invest in modernizing their
kitchens, there is a heightened focus on incorporating advanced ventilation
solutions that enhance both functionality and aesthetics. This shift is further
supported by the rapid adoption of smart home technologies, with consumers
seeking connected devices that offer convenience and efficiency.
Major companies
operating in North America Range Hood Market are:
- AB Electrolux
- Air King America, LLC
- Bertazzoni S.p.A.
- BSH Home Appliances Corporation
- Electrolux AB
- Faber S.p.A.
- GE Appliances
- KOBE Range Hoods Inc.
- LG Electronics Inc.
- Samsung Electronics Co., Ltd.
Download Free Sample Report
Customers can
also request for 10% free customization in this report.
“The North America Range Hood Market is
poised for continued growth, driven by continued advancements in technology,
growing consumer demand for energy-efficient appliances, and the ongoing trend
toward kitchen remodeling and modernization. Manufacturers will likely continue
to innovate, introducing new features such as smart connectivity, advanced air
filtration systems, and more sustainable materials. Additionally, as consumers
become more aware of the importance of indoor air quality and energy
consumption, demand for range hoods that provide both health benefits and
environmental sustainability is expected to increase.” said Mr. Karan
Chechi, Research Director of TechSci Research, a research-based management
consulting firm.
“North America Range Hood Market By Type (Under Cabinet,
Ceiling Mount, Wall Mounted), By End User (Residential, Commercial), By Sales
Channel (Supermarkets/Hypermarkets, Specialty Stores, Online, Others), By Country, Competition, Forecast & Opportunities, 2020-2030F”, has evaluated the future growth potential of North
America Range Hood Market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in North America
Range Hood Market.
Contact Us-
TechSci
Research LLC
420 Lexington
Avenue, Suite 300,
New York, United
States- 10170
M: +13322586602
Email: [email protected]
Website: www.techsciresearch.com