Kitchen Chimney Market Latest Research Report: Growth Analysis and Business Opportunity
The global kitchen chimney market size was valued at USD 17.80 billion in 2023 and is projected to grow to USD 25.72 billion by 2030, exhibiting a CAGR of 5.39% during the forecast period.
A common device used for venting oil, fumes, and other pollutants from the kitchen is a kitchen chimney. This equipment promotes people’s safety by keeping the kitchen hygienic and fresh-smelling while preventing smoke buildup. Because they contribute to kitchen hygiene, chimneys are particularly helpful in poorly ventilated kitchens. The market expansion for kitchen chimneys is anticipated to be aided by the increasing vogue of modular kitchens.
Information Source: https://www.fortunebusinessinsights.com/kitchen-chimney-market-107646
Top CompaniesCovered in the Kitchen Chimney Market
- Asko Appliances (Sweden)
- Vent-A-Hood (U.S.)
- BSH Home Appliances Corporation (U.S.)
- Elica S.p.A. (Italy)
- Faber S.p.A. (Italy)
- Falmec S.p.A. (Italy)
- Miele Inc. (Germany)
- Panasonic Corporation (Japan)
- Samsung Electronics (South Korea)
- Whirlpool Corporation (U.S.)
Segmentation:
Growing Demand for Kitchen Aesthetics to Boost Sales of Wall-Mounted Kitchen Chimneys
The market is segmented into wall-mounted chimneys, built-in chimneys, island chimneys, corner chimneys, and others (straight line, inclined) based on the type of product. Due to consumer demand for goods that both improve the visual appeal and functioning of their kitchens, the wall-mounted category held a significant market share for kitchen chimneys.
Ducted Kitchen Chimneys to Gain Traction for Their Ability to Purify Kitchen Air
The market is divided into ducted and ductless segments based on the kind of duct. Since the ducted segment vents all of the cooking pollutants outside, it can effectively purify the kitchen air, hence it is projected to lead the market expansion.
Growing Demand for Modular Kitchens to Boost Product Sales in Residential Sector
The market is divided into residential and commercial segments based on the applications. Businesses that use commercial spaces include hotels, restaurants, and offices. Due to the increasing number of nuclear families worldwide and the growing demand for modular kitchens, the residential segment holds a significant market share.
Variety in Chimney Designs to Boost Customers’ Preference for Offline Stores
The market is divided into online and offline segments based on the distribution channel. Because offline retailers like supermarkets and hypermarkets offer a large selection of chimney designs in one location, they have a considerable market share.
The market’s geographical scope includes South America, Asia Pacific, Europe, North America, and the Middle East and Africa.
Report Coverage:
The kitchen chimney market research report offers in-depth industry analysis and highlights crucial aspects, such as key companies, product type, duct type, application, and distribution channel. Besides this, the report provides insights into the most recent market trends and covers top industry developments. In addition to the abovementioned factors, the report covers several factors that have contributed to the market’s growth in recent years.
Drivers and Restraints:
Growing Consumer Preference for Energy Efficient Kitchen Appliances to Boost Market Potential
In order to stay competitive and draw in new business, market leaders are releasing novel items. As consumer demand for aesthetically beautiful kitchen appliances rises, kitchen chimneys are being introduced in a variety of forms and hues. Global market share will be influenced by these trends.
Rising maintenance costs and expensive prices, however, could stifle market expansion.
Regional Insights:
North America to Lead the Market Growth With Rising Demand for High-Quality Appliances
In 2022, North America emerged as the top market due to consumers’ growing inclination towards premium kitchen equipment. The home renovation industry in the United States is expanding significantly, which is helping the market to continue its upward trajectory.
Given the robust expansion the housing sector is seeing in the region, Europe is likewise anticipated to exhibit significant growth throughout the projection period.
Competitive Landscape:
Key Companies to Innovate and Launch New Products to Retain Market Position
Some of the leading industry players are adopting various competitive strategies including product innovation and new product launches to expand their business. The need for innovative products has grown tremendously in recent years, further boosting the market growth.
Notable Industry Development:
March 2023: Ciarra, an innovative kitchen appliance brand, introduced its Ciarra HOOD TO GO portable range hood. The product comes in mini and compact sizes and has a highly efficient motor that offers strong suction power. This is said to drive the suction mechanism to remove odors in cooking environments.
