The global kitchen chimney market size was valued at USD 17.08 billion in 2022 and is projected to grow from USD 17.80 billion in 2023 to USD 25.72 billion by 2030, exhibiting a CAGR of 5.39% during the forecast period.
A kitchen chimney is a common appliance used to vent out fumes, oil, and other pollutants from the kitchen. This appliance keeps the kitchen clean and fresh and prevents smoke from building up, which also ensures the safety of individuals. Chimneys are especially useful for kitchens that have a poor ventilation system as they help maintain hygiene in the kitchen. The growing popularity of modular kitchens is also expected to boost the kitchen chimney market growth.
Fortune Business Insights™ displays this information in a report titled, “Kitchen Chimney Market, 2023-2030.”
LIST OF KEY COMPANIES PROFILED IN THE REPORT
- 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
Based on product type, the market is divided into wall-mounted chimneys, built-in chimneys, island chimneys, corner chimneys, and others (straight line, inclined). The wall-mounted segment held a dominant kitchen chimney market share as customers are looking for products that enhance the aesthetic appearance of their kitchens and have excellent functionality.
Ducted Kitchen Chimneys to Gain Traction for Their Ability to Purify Kitchen Air
Based on duct type, the market is segmented into ducted and ductless. The ducted segment is predicted to lead the market growth as it can effectively purify the kitchen air since it vents all the cooking fumes outside.
Growing Demand for Modular Kitchens to Boost Product Sales in Residential Sector
Based on application, the market is segmented into residential and commercial. Commercial applications include offices, restaurants, hotels, and others. The residential segment accounts for a major share in the market due to the growing demand for modular kitchens and rising number of nuclear families across the globe.
Variety in Chimney Designs to Boost Customers’ Preference for Offline Stores
Based on distribution channel, the market is segmented into online and offline. The offline store segment held a significant market share as these stores offer a wide variety of chimney designs in a single store, such as supermarkets and hypermarkets.
With respect to region, the market covers North America, Europe, Asia Pacific, South America, and the Middle East & 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
Leading manufacturers in the market are introducing innovative products to attract new customers and retain their market position. They are launching kitchen chimneys in a wide range of designs and colors to cater to the customers’ rising demand for aesthetically pleasing kitchen appliances. These developments will drive the global market share.
However, high prices and growing maintenance costs might impede the market growth.
Regional Insights:
North America to Lead the Market Growth With Rising Demand for High-Quality Appliances
North America was the leading market in 2022 as customers are increasing their preference for high-quality kitchen appliances. The U.S. is witnessing a notable expansion in its home improvement sector, which is further contributing to the market’s progress.
Europe is also expected to display considerable growth during the forecast period as the region is seeing a strong growth in its housing sector.
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.
Reference Link:
https://www.fortunebusinessinsights.com/kitchen-chimney-market-107646