Kitchen Chimney Market Assessment, By Product Type [Wall-mounted Chimney, Built-In Chimney, Island Chimney, Vertical Chimney, Corner Chimney, Others], By Duct Type [Ducted, Ductless], By Filter Type [Baffle Filter, Mesh Filter, Carbon Filter, Others], By Application [Residential, Commercial], By Distribution Channel [Online, Offline], By Region, Opportunities and Forecast, 2016-2030F
Global kitchen chimney market has witnessed substantial expansion and change over the past years due to changing kitchen designs and requirements all across the globe. The global kitchen chimney market is experiencing a robust growth rate and is expected to grow at 6.1 percent compounded annually for the forecast period from 2023 to 2030. The market has undergone significant transformations, driven by evolving consumer preferences for open kitchens, rising fried food cooking and consumption, technological innovations, and a heightened focus on creating functional yet aesthetically pleasing kitchen spaces. Kitchen chimneys are essential appliances designed to enhance indoor air quality by expelling cooking fumes and odors, which have become integral elements of modern households. With various designs, including wall-mounted, island, built-in and ventless options, manufacturers cater to various kitchen layouts and consumer preferences.
Energy efficiency and features have become key considerations for both manufacturers and consumers of kitchen chimneys. Technological advancements, such as touch controls, LED lighting, sensor integration and smart connectivity features, have elevated the user experience. With the growing demand for kitchen chimneys in developed and developing regions, the global market is expected to reach USD 26.02 billion in 2030 from USD 16.2 billion in 2022. One of the key factors driving the global kitchen chimney market is rapid urbanization and changing consumer lifestyle such that the demand for kitchen chimneys has expanded beyond their functional role to encompass elements of design and efficiency. Sleek and stylish options are available, making kitchen chimneys not only practical appliances but also key contributors to the overall ambiance of modern kitchens.
Increase in Disposable Income and Consumer Spending
Changing consumer lifestyles characterized by increasing incomes and a desire for convenience and aesthetics have significantly driven the appeal of kitchen appliances like kitchen chimneys. The relationship between increasing disposable income and the global kitchen chimney market is significant, as rising income levels often lead to changes in consumer behavior and preferences. As consumers experience greater financial stability and increased purchasing power, they are more inclined to invest in home appliances that enhance their quality of life. Higher incomes generate demand for high-end kitchen chimneys equipped with smart features and aesthetically pleasing. Consumers are more willing to invest in appliances with advanced features, innovative technologies and sophisticated designs.
Change in Consumer Lifestyle and Kitchen Design
Over the years, many brands have launched kitchen chimneys, keeping in mind the changing consumer lifestyle and modern kitchen design and requirements that appeal to the customers. Aesthetic considerations have become increasingly important in the global kitchen chimney market, with consumers seeking designer and stylish kitchen chimneys that complement the overall kitchen decor. Sleek designs, premium finishes and customizable options were trends in response to the demand for visually appealing appliances. The Western world is already at the peak of urbanization and rapid urbanization in Asian countries like India, China, Vietnam and others, coupled with the popularity of modern kitchen designs, has driven the demand for efficient and aesthetically pleasing kitchen appliances. The rise of modular kitchen designs, characterized by streamlined and customizable layouts, has contributed well to the global kitchen chimney market. Chimneys are integral components of modern kitchens, providing both functionality and design appeal.
In October 2021, Godrej Interio introduced the Neo Smart Chimney , a must-have component for modern modular kitchens. The Neo Smart Chimney has a one-of-a-kind 'cool draught' feature for increased suction capacity and user comfort. It guarantees great quality, functionality, design, and long-term viability.
Smart Connectivity and Technological Advancements
The broader growth of the Internet of Things plays a significant role in the global kitchen chimney market. As more devices become interconnected, consumers are drawn to appliances that can be controlled, monitored and optimized remotely through the internet. IoT-enabled kitchen chimneys allow users to monitor their cooking in real time through connected mobile apps or web interfaces. Smart kitchen chimneys represented a significant technological advancement, providing consumers with enhanced control, convenience and connectivity. Smart chimneys often come equipped with remote control options, connectivity to smart home systems and mobile applications for enhanced user convenience. Some kitchen chimneys have voice control capabilities, allowing users to operate the appliance using voice commands. Integration with popular virtual assistants, such as Amazon Alexa or Google Assistant, enhances user convenience.
In April 2022, Elica introduced Inverter Chimneys in India . Elica has announced their latest Advanced Inverter chimneys, dubbed ""i-SMART Kitchen Hoods,"" which now feature a Brushless DC motor. The series includes cutting-edge technology like Motion Sensors and Capacitive Touch Control, as well as a Lifetime Warranty.
Impact of COVID-19
The COVID-19 pandemic had a significant impact on the global kitchen chimney market just like it had an impact on the consumer electronics industry. As a result of the pandemic, limitations and social distancing measures were enacted, resulting in worldwide supply chain disruptions and the shutdown of production facilities. As a result, kitchen chimney production was halted and delayed, and delays in kitchen chimney imports and exports produced shortages of such devices, causing kitchen chimney prices to rise. With restrictions on dining out and increased time spent at home, there was a surge in home cooking and kitchen renovations. Consumers invested in upgrading their kitchens, including the installation of kitchen chimneys, to enhance the cooking experience and maintain a healthier indoor environment. On a positive note, the lockdowns and restrictions on physical stores led to a surge in online shopping. Consumers turned to e-commerce platforms to research, compare and purchase kitchen appliances, including chimneys, contributing to the growth of online sales channels.
Key Players Landscape and Outlook
Global kitchen chimney market features a competitive landscape with several players, from international to domestic, in the market contributing to the market growth. Brands and companies in the global kitchen chimney market are competing to gain a competitive edge through innovation, product development and strategic initiatives. The outlook of the global kitchen chimney market is shaped by continuous technological advancements, evolving consumer preferences and the increasing demand for energy-efficient, feature-rich, aesthetic and intelligent kitchen appliances. Leading industry players are anticipated to persist in their investments in research and development, from product material to product technology to smart cutting-edge features to meet the ever-changing needs of consumers.