Residential Cooker Hoods: Introduction
- Residential cooker hoods are a type of exhaust system used to remove fumes and other cooking vapors from kitchens. Residential cooker hoods come in different styles and placement and are an excellent ventilation option, which helps to enhance the cooking experience and also maintains the home ambience.
- The market for residential cooker hoods is expected to rise during the forecast period due to its use by construction builders in apartments and residential spaces. Also, the rise in urbanization, increased spending on kitchen products, and rising awareness among consumers about maintaining healthy indoor air quality is projected to drive the residential cooker hoods market during the forecast period.
Key Drivers and Opportunities of the Global Residential Cooker Hoods Market
- Residential kitchen appliances are gaining immense popularity in various markets around the world. Busy lifestyles have been a key driving factor for the usage of technologically advanced kitchen appliances.
- Earlier, residential kitchen hoods had very few options, but now manufacturers have introduced various residential kitchen hoods which not only eliminate smoke, steam, heat, etc., but also increases the overall appearance of the kitchen, making it more attractive. The customized options provided by manufacturers to cater to different needs of different consumers is set to drive the residential kitchen hoods market during the forecast period.
- Manufacturers of residential cooker hoods are trying to increase their market share with the help of social platforms. Various promotions, campaigns, advertisements, and offers attract more consumers. However, residential cooker hoods cannot be afforded by everyone and this is a restraint of the market.
- Covid-19 is expected to have a significant impact on the market as consumers are spending more on essential items and not on luxury items. The residential cooker hoods market is expected to expand post the pandemic and during the forecast period.
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Europe to Hold Major Share of the Global Residential Cooker Hoods Market
- Geographically, the global residential cooker hoods market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
- Europe is expected to dominate the global residential kitchen hoods market due to growing preference toward customizable kitchens, increase in spending on kitchen products, and rise in disposable income.
- The Asia Pacific market is expected to expand at a rapid rate due to the presence of developing nations and also growth of the residential construction segment. Construction companies have started incorporating residential cooker hoods in apartments and this trend is anticipated to fuel the market during the forecast period.
Key Players Operating in the Global Market
Major players operating in the global residential cooker hoods market include:
- AB Electrolux
- BSH Home Appliances Group
- Elica Spa
- Haier Smart Home Co. Ltd.
- Panasonic Corp.
- Gorenje Group
- Robert Bosch GmbH
- Samsung Electronics Co Ltd
- Systemair AB
- The Middleby Corp
- Whirlpool Corp.
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Global Residential Cooker Hoods Market: Research Scope
Global Residential Cooker Hoods Market, by Technology
Global Residential Cooker Hoods Market, by Product
- Chimney/wall-mounted cooker hoods
- Island cooker hoods
- Integrated cooker hoods
- Downdraft cooker hoods
Global Residential Cooker Hoods Market, by Price
Global Residential Cooker Hoods Market, by Distribution Channel
Global Residential Cooker Hoods Market, by Region
- North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.