South Korea Under Cabinet Type Hoods Market was valued at USD 0.1 Billion in 2022 and is projected to reach USD 0.15 Billion by 2030, growing at a CAGR of 6.2% from 2024 to 2030.
The South Korea Under Cabinet Type Hoods Market has seen significant growth over the past few years, driven by increasing demand from both residential and commercial sectors. These hoods, which are designed to be mounted under kitchen cabinets, serve as essential appliances to remove cooking odors, smoke, grease, and heat from kitchens. As urbanization increases and living spaces become smaller, the popularity of under-cabinet range hoods has surged. This surge is fueled by their space-saving design and efficient performance, which is ideal for modern kitchen layouts.
Industries in South Korea, particularly the restaurant and hospitality sectors, have played a pivotal role in the demand for under-cabinet type hoods. As food safety regulations become stricter and consumer expectations for air quality rise, restaurants are increasingly investing in high-performance kitchen ventilation systems. These hoods provide an effective solution for maintaining hygiene and ensuring a comfortable cooking environment, crucial for the foodservice industry's continued success. Moreover, with the rise of cooking shows and food culture in South Korea, many homeowners have also started prioritizing quality kitchen appliances, including under-cabinet hoods, to enhance their cooking experience.
Several factors contribute to the growing demand for under-cabinet range hoods in South Korea, including technological advancements in filtration systems, energy efficiency, and aesthetic appeal. Consumers now seek hoods that are not only functional but also stylish and quiet, features that manufacturers have taken into account while designing these appliances. In addition to this, the government’s focus on energy-saving appliances and environmental sustainability has made energy-efficient under-cabinet type hoods a top priority for both residential and commercial markets.
Furthermore, with the trend of minimalism in interior design, under-cabinet type hoods are seen as a perfect fit for contemporary kitchens. Their sleek and discreet design ensures that they complement a modern kitchen layout without overpowering the aesthetic. This has made them particularly popular in smaller homes, apartments, and city living spaces, where maximizing every inch of kitchen space is crucial.
The requirements from industries for under-cabinet type hoods are driven by both functional and regulatory demands. Restaurants and hotels require hoods that can handle high volumes of smoke and grease, ensuring a safe and comfortable environment for both staff and customers. The demand for quieter models has also grown, as commercial kitchens often operate in bustling environments where noise reduction is crucial. Additionally, with rising energy costs, industries are seeking more energy-efficient models to reduce operational expenses while maintaining high levels of performance.
With ongoing technological innovations, the South Korea Under Cabinet Type Hoods Market is poised for continued growth, driven by both residential preferences and the evolving needs of the hospitality industry. Manufacturers are expected to keep developing more advanced, energy-efficient, and aesthetically pleasing models to meet these demands.
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Samsung Electronics Co.
Ltd.
Siemens AG
Haier Group Corporation
Miele & Cie. KG
Panasonic Corp
Broan
Inc.
Whirlpool Corporation
Captive-Aire Systems Inc.
Electrolux AB
KOBE Range Hoods
Falmec S.p.A.
Glen Appliances Private Limited
Elica S.p.A.
Robert Bosch GmbH
IFB Industries Limited
Asko Appliances AB
Beko PLC
Systemair AB
Guangdong Vanward New Electric Co.
Ltd.
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Under Cabinet Type Hoods Market
Wall-mounted
Under-cabinet
Ducted
Ductless
Exhaust Ventilation
Recirculating Ventilation
Hybrid Ventilation
30 inches
36 inches
42 inches
Custom sizes
Stainless Steel
Aluminum
Plastic
Bronze
Noise level (measured in sones)
LED Lighting
Variable speed settings
Filter types (mesh, baffle, charcoal)
Smart features (Wi-Fi connectivity, app integration)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Under Cabinet Type Hoods Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Under Cabinet Type Hoods Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Under Cabinet Type Hoods Market, By Type
6. South Korea Under Cabinet Type Hoods Market, By Application
7. South Korea Under Cabinet Type Hoods Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Under Cabinet Type Hoods Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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