Download
1 / 8
80 likes | 82 Views
The massive population growth, increasing urbanization, and industrial development across emerging economies have significantly pushed the requirement for housing and commercial spaces. This considerable expansion of the urban infrastructure coupled with the strict government regulatory framework associated with food safety and hygiene and rising disposable incomes across developed nations will positively influence the range hood industry outlook.
E N D
Range Hood Market Analysis By 2028 Growth Drivers & Regional Statistics
Industry Insights • A research study conducted by Global Market Insights, Inc., the global range hood market size could exceed USD 25 billion by 2028. • The worldwide range hood market may undergo a significant transformation over the next few years, on account of the rapid proliferation of the HRI sector. This will essentially lead to the development of standalone, QSRs, and chain restaurants accompanied by the increasing product installations across home settings to enhance comfort and home aesthetics. • The massive population growth, increasing urbanization, and industrial development across emerging economies have significantly pushed the requirement for housing and commercial spaces. This considerable expansion of the urban infrastructure coupled with the strict government regulatory framework associated with food safety and hygiene and rising disposable incomes across developed nations will positively influence the range hood industry outlook.
Range hoods or kitchen hoods are becoming increasingly popular among the health-conscious consumer base due to their capability to improve air quality in the kitchen and home. These appliances immediately and efficiently draw out harmful fumes, smoke, steam, irritants, and carcinogens from the kitchen environment while cutting down on the potential growth of bacteria and unwanted pests. Besides, the proliferation of the eCommerce industry, alongside growing technological advancements in consumer appliances and smart home technologies, will substantially boost the range hood sales over the forecast period. • The residential sector may bring about lucrative growth opportunities due to growing health concerns and increasing inclination toward energy-efficient and technologically advanced home appliances. In addition, constantly improving urban infrastructure, escalating initiatives by government and administrative authorities, and efforts by major tech giants will boost the range hood industry forecast in the times to come.
Request for a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/4421
Regional Analysis • The Asia Pacific region may witness appreciable expansion, backed by the robust economic growth and the rapid proliferation of the agribusiness sector resulting in a considerable surge in the number of hotels, cloud kitchens, restaurants, cafes/bars, QSRs, and home delivery restaurants. • As per USDA FAS 2021 report on Food Service - Hotel Restaurant Institutional, the Indian HRI service sector accounted for USD 250 billion, contributing about 10% to the country’s GDP. • Competitive Analysis • Faber • Asko Appliances • Broan Inc. • BSH Group • CaptiveAire Systems • Faber S.p.A • Kobe Range Hoods • Miele Inc. • Pacific • Samsung Electronics
Electric Off-highway Equipment @ https://www.gminsights.com/industry-analysis/range-hood-market Request for sample of this research report @ https://www.gminsights.com/request-sample/detail/4421 Request for customization: https://www.gminsights.com/roc/4421
Stay In Touch Social Media:
THANK YOU www.gminsights.com
