Residential Cooker Hoods Market | Insights on the Crisis and the Roadmap to Recovery from COVID-19 Pandemic | Technavio | Financial Buzz

Residential Cooker Hoods Market | Insights on the Crisis and the Roadmap to Recovery from COVID-19 Pandemic | Technavio

The global residential cooker hoods market to register an incremental growth of USD 598.20 million, witnessing a CAGR of almost 3% during 2020-2024, according to latest market research analysis by Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the Residential Cooker Hoods market in optimistic, probable, and pessimistic forecast scenarios.

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Technavio has announced its latest market research report titled Global Residential Cooker Hoods Market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global Residential Cooker Hoods Market 2020-2024 (Graphic: Business Wire)

Get detailed insights on the COVID-19 pandemic Crisis and Recovery analysis of the residential cooker hoods market. Download free report sample

The residential cooker hoods market will witness a Negative and Inferior impact during the forecast period owing to the extensive rise of COVID-19 pandemic. Furthermore, as per Technavio’s pandemic-focused research highlights, the market growth is likely to Increase compared to 2019.

Residential Cooker Hoods Market 2020-2024: Vendor Analysis

The market is fragmented. Key players in the market have been launching several initiatives and introducing innovative products and services to cater to a larger target audience during the pandemic. With a rapidly shifting focus toward creating a digital marketplace to provide a convenient platform for stakeholders in the supply chain, several companies in the market are resorting to move their businesses online along with existing brick-and-mortar channels.

Major Residential Cooker Hoods market participants are

  • AB Electrolux
  • Elica Spa
  • Gorenje Group
  • Haier Smart Home Co. Ltd.
  • Panasonic Corp.
  • Robert Bosch GmbH
  • Samsung Electronics Co. Ltd.
  • Systemair AB
  • The Middleby Corp.
  • Whirlpool Corp.

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Residential Cooker Hoods Market 2020-2024: Segmentation

Residential Cooker Hoods Market is segmented as below:

  • Product

    • Chimney/wall-mounted cooker hoods
    • Island cooker hoods
    • Integrated cooker hoods
    • Downdraft cooker hoods
  • Technology

    • Ducting/extraction technology
    • Recycling/ductless technology

Ducting/extraction technology will account for the largest share because they allow the extraction of higher heat and humidity preventing condensation, which also makes kitchen maintenance easy.

  • Geography

    • APAC
    • Europe
    • North America
    • South America
    • MEA

Europe region will account for the highest incremental growth during the forecast period due to the factors such as the increasing level of awareness and the penetration of vendors, the introduction of innovative and technologically advanced products, the use of innovative marketing strategies, the rise in population, and the change in consumer preferences.

The residential cooker hoods market is driven by preference towards customizable kitchen and growing demand for premium and innovative cooker hoods, as per Technavio’s pandemic impact-focused research study. Furthermore, Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, and significant developments in vendor operations and government regulations in Consumer Discretionary industry.

For gaining more insights about the impact of the COVID-19 pandemic on related reports, check out Technavio’s Consumer Discretionary section

Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
  • Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
  • Pre- as well as post-COVID-19 market estimates
  • Quarterly impact analysis and updates on market estimates

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Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Chimney/wall-mounted cooker hoods – Market size and forecast 2019-2024
  • Island cooker hoods – Market size and forecast 2019-2024
  • Integrated cooker hoods – Market size and forecast 2019-2024
  • Downdraft cooker hoods – Market size and forecast 2019-2024
  • Market opportunity by Product

Market Segmentation by Technology

  • Market segments
  • Comparison by Technology
  • Ducting/extraction technology – Market size and forecast 2019-2024
  • Recycling/ductless technology – Market size and forecast 2019-2024
  • Market opportunity by Technology

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • Europe – Market size and forecast 2019-2024
  • North America – Market size and forecast 2019-2024
  • APAC – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Impact of COVID-19 pandemic on market
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • AB Electrolux
  • Elica Spa
  • Gorenje Group
  • Haier Smart Home Co. Ltd.
  • Panasonic Corp.
  • Robert Bosch GmbH
  • Samsung Electronics Co. Ltd.
  • Systemair AB
  • The Middleby Corp.
  • Whirlpool Corp.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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