Jul 28, 2021   SOURCE: BusinessWire

Asia-Pacific Kitchen Hood Market Outlook 2026 - ResearchAndMarkets.com

The "Asia-Pacific Kitchen Hood Market Outlook, 2026" report has been added to ResearchAndMarkets.com's offering.

The Asia-Pacific Kitchen Hood Market Outlook, 2026 report analyses the market size and forecast of the market by product, country, and sales channel. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.

The Asia Pacific kitchen hood market has witnessed growth despite the economic slowdown across some of the major economies after the 2009 recession. The presence of a large number of alternatives is driving this segment and with the improving economic scenario, the market is expected to witness robust growth of over 7% during the forecast period.

The rising working population is investing in advanced kitchen equipment. Furthermore, rising disposable income in developing economies such as China and India is expected to boost market growth shortly. The Asia market is dominated by the wall mount segment, which is valued at USD 0.94 Billion by 2020.

Markets in India and China and other surrounding countries are registering high growth due to the increasing urbanization, the inclusion of women in the workplace, expanding middle class, and the inclusion of new marketplaces. Several manufacturers are focusing more on automating people's daily activities by taking a load off their shoulders.

Following this trend, the Ceiling Mount Hood segment is likely to grow with the highest futuristic CAGR of 7.11%. The New Zealand and Australian premium segments for kitchen hood are ruled by US-based firms like Electrolux and Whirlpool, while the mid-market and mass-market ranges are catered to by other Asian and South Asian companies.

The latest trend in home appliances, including kitchen appliances, is that of energy efficiency and connectivity in line with IoT (Internet of Things), wherein most appliances can be remotely controlled or are equipped with sensors designed to auto manage the appliances. Smart appliances alone are expected to drive this category. With new and other houses going through refurbishing, kitchen appliances can be chosen to fit the size of the kitchen.

The appliances are equipped with frills or are available without frills across several price ranges. Distribution is notably tending towards channels featuring high discounts, including private label goods outlets, mega markets offering high discounts through tax rebates and tie-ups with manufacturers, and e-commerce, which has been posing as a major competitor to other sellers due to the highly competitive discounts and other offers.

Additionally, extensive research and development by leading electrical chimney manufacturers in terms of technology and design to cater to the demand from the high-income consumers are also anticipated to boost the demand for electrical chimneys during the forecast period.

Furthermore, the sale of electrical chimneys through e-commerce platforms, such as Amazon, Alibaba, Flipkart, etc. has augmented the growth of the market significantly. The online sales channel by the end of the year 2026 is likely to cross a market value of USD 0.43 Billion.

The level of market development varies substantially between countries. The geographic spread plays its part in hindering manufacturers and retailers from capturing substantial market shares.

China & Japan is dominated by Western manufacturers and a large market for replacement products is emerging. Penetration in other APAC countries is high as growth is high and in line with rising household purchasing power. The Asia Pacific offers a base for regional manufacturing but is impacted by political uncertainty.

This report forecasts revenue growth at regional and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2026.

Key Topics Covered:

1. Executive Summary

2. Report Methodology

3. Global Kitchen Hood Market Outlook

3.1. Market Size by Value

3.2. Market Share

3.2.1. By Product Type

3.2.2. By Sales Channel

3.2.3. By Region

3.2.4. By Country

3.2.5. By Company

4. Asia-Pacific Kitchen Hood Market Outlook

4.1. Market Size by Value

4.2. Market Share

4.2.1. By Product Type

4.2.2. By Sales Channel

4.2.3. By Country

4.3. China Kitchen Hood Market Outlook

4.3.1. Market Size by Value

4.3.2. Market Share by Product Type

4.4. Japan Kitchen Hood Market Outlook

4.5. India Kitchen Hood Market Outlook

4.6. Australia Kitchen Hood Market Outlook

5. Market Dynamics

5.1. Key Drivers

5.2. Key Challenges

6. Market Trends and Developments

6.1. Artificial Intelligence

6.2. Alarm Feature

6.3. Dishwasher-Safe Baffle Filters

6.4. Environmental Variability

7. Company Profiles

7.1. Asko Appliances

7.2. Broan Inc

7.3. BSH Home Appliances

7.4. Elica S.P.A

7.5. Faber S.P.A

7.6. Falmec S.P.A

8. Strategic Recommendations

For more information about this report visit https://www.researchandmarkets.com/r/5gf8jr