"Global Cooking Hood Industry was valued at USD 8.12 Billion in the year 2018. Global Cooking Hood Industry is further estimated to grow at a CAGR of 8.3% from 2019 to 2025 to reach USD 14.31 Billion."
The global cooking hood industry is foreseen to grow at an extensive pace in the following couple of years. Interest for cooking hood is foreseen to ascend because of elements, for example, ascend in urban populace and increment in white collar class in creating nations. Besides, individuals are buying in vogue home apparatuses because of the ascent in discretionary cash flow and improving way of life in rising nations. Cooking hoods fit well into minimized and current kitchens. This, thus, is relied upon to drive the cooking hood advertise amid the conjecture time frame.
Furthermore, highlights of cooking hood, for example, wellbeing of the item, accommodation, and configuration are additionally expected to support the cooking hood industry. Components, for example, utilization of conventional ventilations fans utilized in certain pieces of the world, and condition related worries because of use of cooking hoods that is immediate discharge of exhaust into the climate are probably going to limit the cooking hood industry amid the gauge time frame.
Key players working
Whirlpool Corporation, Hoover Limited, Electrolux AB, Beko plc, Miele, IFB Industries Ltd, Robert Bosch GmbH, Samsung, Guangdong Vanward New Electric CO. LTD, Miele & Cie. KG, Systemair AB, Haier Group Corporation, Faber, and Elica S.p.A.
On the basis of end user, the global cooking hood industry is studied across Commercial and Residential. Among all these end user, the Residential has captured the maximum industry share while the Residential has the opportunity to emerge with the highest CAGR.
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