Dublin, May 20, 2022 (GLOBE NEWSWIRE) -- The "India Kitchen Hoods Market, By Product Type (Wall Mount, Ceiling Mount/Island, Under Cabinet and Others (Downdraft, Hanging, Built-in, etc.)) By Suction Power, By Distribution Channel, By Region, Competition Forecast & Opportunities, 2027" report has been added to ResearchAndMarkets.com's offering.
The Indian Kitchen Hoods Market value in the year 2021, was USD193.75 million, which is anticipated to grow with a CAGR of 10.57% during the forecast period, 2023-2027, to achieve a market value of USD347.98 million by 2027F.
The market growth can be attributed to growing construction and remodeling demand by the consumers toward modular kitchens. Growing demands for chimneys and clear environment in the kitchen further drive the growth of the Indian Kitchen Hoods Market in the upcoming five years.
Rising disposable income, higher purchasing power among the population, product innovation, and technological improvements further supports the growth of the Indian Kitchen Hoods Market in the next five years. Growing number of the market players along with the consistent research and innovative product development to satisfy the growing demands of the consumers further substantiates the growth of the Indian Kitchen Hoods Market in the future five years.
Growing concerns toward proper ventilation in the kitchen also aid the growth of the Indian Kitchen Hoods Market, along with the demand for modular kitchen and aesthetic looks for the home decor.
The Indian Kitchen Hoods Market is segmented by product type, suction power, distribution channel, competitional landscape and regional distribution. Based on product type, the market is further bifurcated into wall mount, ceiling mount/island, under cabinet, and others like downdraft, hanging, built-in, etc.
Wall mount kitchen hoods are anticipated to dominate the market segment in the upcoming five years and hold the largest revenue shares of the market on account of increasing demands for modular kitchens. A surge in the construction and remodeling of the modular kitchen further supports the growth of the Indian Kitchen Hoods Market in the next five years.
New market players are also actively entering the market in the recent years and further strengthening the growth of the future market growth.
Objective of the Study:
- To analyze the market size of the Indian Kitchen Hoods Market from 2017 to 2020
- To estimate and forecast the market size of the Indian Kitchen Hoods Market from 2021 to 2022 and growth rate until 2027
- To classify and forecast the Indian Kitchen Hoods Market based on product type, suction power, distribution channel, competitional landscape and regional distribution
- To identify dominant region or segment in the Indian Kitchen Hoods Market
- To identify drivers and challenges for the Indian Kitchen Hoods Market
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Indian Kitchen Hoods Market
- To identify and analyze the profile of leading players operating in the Indian Kitchen Hoods Market
- To identify key sustainable strategies adopted by the market players in the Indian Kitchen Hoods Market
Competitive Landscape: Some of the leading market players of the Indian Kitchen Hoods Market are
- Franke Faber India Ltd
- Kaff Appliances India Pvt. Ltd.
- Elica PB India Private Limited
- Glen Appliances Pvt. Ltd
- Sunflame Enterprises Private Limited
- HSIL Ltd.
- BSH Household Appliances Manufacturing Pvt. Ltd.
- CATA Electrodomesticos India (P) Ltd.
- Tuareg Marketing Pvt. Ltd
- Stovekraft Ltd.
Report Scope:
Years considered for this report:
- Historical Years: 2017-2020
- Base Year: 2021
- Estimated Year: 2022
- Forecast Period: 2023-2027
India Kitchen Hoods Market, By Product Type:
- Wall Mount
- Ceiling Mount/Island
- Under Cabinet
- Others
India Kitchen Hoods Market, By Suction Power:
- Less than or equal to 1200 m3/h
- More than 1200 m3/h
India Kitchen Hoods Market, By Distribution Channel:
- Contract/Institutional
- Specialty Stores
- Multi-branded Stores
- Online
- Others
India Kitchen Hoods Market, By Region:
- South
- West
- North
- East
For more information about this report visit https://www.researchandmarkets.com/r/42jm7c
