North America Range Hood Market Overview
North America Range Hood Market is expected to register growth in the coming years. The range hood market witness robust growth due to more penetration of modular kitchens with the rise in house renovation. North America is encountering significant growth in real estate and commercial construction. This is acting as a major growth driver for this market as these segments require the latest range hoods to keep up with the going trend. As kitchen hoods come with varied suction capacities and are more effective than exhaust fans, the market is anticipated to register growth. With the rising advancements and industry challenges, these devices require technical expertise for the initial installation of the system. These initial costs are acting as a major growth restraint. The COVID-19 outbreak began in Wuhan (China), and since then, it has spread around the globe. As the range hood market has a high import and export percent, the pandemic has adversely affected the economy due to obstacles in the supply chain.
According to 6Wresearch, the North America Range Hood Market is likely to witness growth during 2021-2027. The growing home values have doubled homeowner equity and the need for comfort, which further leads to increased demand for kitchen hood in the US market. It is registering higher growth in entire North America and is expected to continue to be a dominant market in the future. Additionally, Canada is the fastest-growing region due to steady growth in the number of foodservice joints and residential construction projects. Quick adoption of advanced technologies and resultant demand for connected and smart devices are the key market drivers in the countries like Canada. New trends in range hoods have created immense opportunities in the market concerning installation and design. The trend of open shelves in a kitchen, as opposed to upper cabinets, is playing a major role in drawing attention toward the installation of such range hoods.
The Range Hood market in North America report thoroughly covers the market by product type, distribution channels, and countries including the United States and Canada. North America Range Hood market outlook report provides an unbiased and detailed analysis of the ongoing North America Range Hood market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to align their market strategies according to the current and future market dynamics.
Key Highlights of the Report:
- North America Range Hood Market Outlook
- North America Range Hood Price Trends
- North America Range Hood Porter's Five Forces
- North America Range Hood Industry Life Cycle
- North America Range Hood Market Trend Evolution
- North America Range Hood Market Drivers and Challenges
- North America Range Hood Market - Key Performance Indicators
- North America Range Hood Market - Top Companies Market Share
- North America Range Hood Market - Top Companies Profiles
- North America Range Hood Market - Import Export Trade Statistics
- North America Range Hood Market - Opportunity Assessment By Countries
- North America Range Hood Market - Strategic Recommendations
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