The latest report on “Cooking Hood Market (Product Type – Wall Mounted Hoods, Ceiling Mounted Hoods, Under Cabinet Type Hoods, and Other Product Types; Application – Residential, and Commercial; Distribution Channel – Online, and Retail Stores): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025.”
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The kitchen is a center point of the home. It is the place where everyone comes together at the start of the day. Changing technology and social dynamics stimulate the growth of the modern kitchen. The cooking hood is a part of the modern kitchen. Major companies in the cooking hood market are focusing on mergers and acquisitions to maximize their market share. In June 2018, Whirlpool acquired a 49% share of Elica PB which is a kitchen hood and cooking equipment maker. Whirlpool has made this investment to expand their cooking and built-in appliance portfolio.
Rising Demand for Easy to Use and Convenient Kitchen Appliances that Drive the Growth of the Cooking Hood Market
The rising demand for easy to use and convenient kitchen appliances that drive the growth of the cooking hood market. New infrastructure and development in interior designs stimulate the growth of the cooking hood market. The rising disposable income, urbanization and increasing demand for cleaning appliances contributing to the growth of the cooking hood market.
In addition, the rising awareness about the benefits of cooking hoods boosts the growth of the cooking hood market. On the flip side, the prevalence of traditional ventilation system in old construction restraints the growth of cooking hood market. Moreover, technological advancements create opportunities for the cooking hood market.
North America is Expected to Have a Larger Share in the Cooking Hood Market
North America is expected to have a larger share in the cooking hood market. The rapid development in infrastructure and increasing demand for modern kitchen in The United States contributes to the growth of the cooking hood market in the North America region. Asia-Pacific region is anticipated to grow in the cooking hood market. Asia-Pacific region has a huge population with increasing demand for convenient kitchen appliances that contributes to the growth of the cooking hood market in the Asia-pacific region.
The report on global cooking hood market covers segments such as product type, application, and distribution channel. On the basis of product type, the sub-markets include wall mounted hoods, ceiling mounted hoods, under cabinet type hoods, and other product types. On the basis of application, the sub-markets include residential, and commercial. On the basis of distribution channel, the sub-markets include online, and retail stores.
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The report provides profiles of the companies in the market such as Whirlpool Corporation, Faber S.p.A., Falmec S.p.A., Miele, Inc., Panasonic Corporation, Samsung Electronics, Nortek Inc., FagorElectrodomsticos, Vatti Corporation Ltd., AB Electrolux, and Other companies.
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the cooking hood.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.