Report Overview

Vietnam Kitchen Hoods Market – Industry Trends & Forecast Report, 2030

The Vietnam Kitchen Hoods Market size was estimated at USD 271.36 million in 2023. During the forecast period between 2024 and 2030, the Vietnam Kitchen Hoods Market size is projected to grow at a CAGR of 6.49% reaching a value of USD 409.21 million by 2030. Prominent drivers of the market include the rising urbanization, increasing disposable income, and cultural trends that influence cooking habits and lifestyles. The selection of kitchen hoods is expanding, with a growing variety of options, from traditional wall-mounted units to island hoods and downdraft systems. There is also an increasing range of materials, finishes, and features to meet diverse consumer preferences and accommodate various kitchen designs. As people become more health-conscious, there's a growing need for good ventilation in homes. Kitchen hoods are key to keeping cooking areas clean and safe. At the same time, there's a push for energy-efficient and eco-friendly solutions, prompting the creation of high-tech hoods that use less energy and perform better. Trends in kitchen design, especially with the rise of open-concept layouts, are driving demand for hoods that look stylish and fit into modern interiors. Smart technology is also influencing the kitchen hood market, with new models offering remote control, automation, and improved user interaction.

Kitchen Hoods Market – Overview

The Kitchen Hoods Market refers to the segment of the home appliance industry that focuses on the design, production, and distribution of kitchen ventilation systems, commonly known as range hoods or exhaust hoods. These devices are installed above cooking surfaces to capture and remove smoke, steam, grease, odors, and heat generated during cooking. Kitchen hoods play a crucial role in maintaining air quality, reducing indoor pollution, and enhancing safety and comfort in kitchen environments. The market encompasses various types of kitchen hoods, including wall-mounted, island, under-cabinet, and downdraft systems, with a range of features like lighting, fans, filters, and smart technology integration. The market's growth is influenced by factors such as consumer health awareness, energy efficiency trends, kitchen design aesthetics, and technological advancements.

Vietnam Kitchen Hoods Market

Growth Drivers

Rising Disposable Income

Rising disposable income has significantly influenced consumer behavior in the kitchen hood market. As households have more spending power, they tend to invest in modern kitchen appliances that offer both functionality and aesthetics. With this increase in disposable income, there is a growing demand for kitchen hoods that are not only efficient but also stylish. Manufacturers have responded by offering a wider range of designs, materials, and colors to match contemporary kitchen decors, which, in turn, has driven market growth.

Growing Urbanization

The expansion of urban areas and the resultant changes in lifestyle have a considerable impact on the kitchen hood market. Urbanization brings with it a shift towards modern living spaces, including open-concept kitchens that emphasize design and functionality. As more people move to cities and adopt modern lifestyles, there is an increasing demand for kitchen hoods that align with contemporary interior trends. The flexibility in kitchen hood designs, from sleek wall-mounted units to minimalist downdraft systems, caters to the diverse needs of urban consumers. This trend is expected to continue driving market growth.

Increasing Health Awareness among Consumers

Health consciousness among consumers has become a driving force in the kitchen hood market. With rising awareness about kitchen hygiene and safety, consumers are more interested in appliances that can effectively remove smoke, steam, and odors from cooking areas. This growing concern for indoor air quality, linked to the risks of foodborne illnesses and respiratory problems, has boosted the demand for kitchen hoods. Additionally, energy-efficient features like LED lighting and variable-speed fans are gaining traction among health-conscious consumers, as these innovations contribute to a cleaner and more sustainable kitchen environment. The ongoing focus on health and safety is likely to remain a significant factor in the growth of the kitchen hood market.

Challenges

Price Sensitivity

Growth of the Vietnam Kitchen Hoods Market faces a challenge due to price sensitivity, particularly among products with advanced features. While consumers increasingly appreciate the benefits of modern kitchen hoods, high costs associated with advanced technologies like smart controls, sensors, and energy-efficient components can deter potential buyers. This price sensitivity is a significant restraint on market growth, as many Vietnamese consumers prioritize affordability over advanced functionality. Manufacturers and retailers must find a balance between offering innovative features and keeping prices competitive to address this constraint and deepen market penetration.

Impact of Escalating Geopolitical Tensions on Vietnam Kitchen Hoods Market

Geopolitical tensions can have a multifaceted impact on the Vietnam Kitchen Hoods Market. It is affecting both the supply chain and consumer confidence. Trade restrictions and tariffs arising from geopolitical disputes may disrupt the import of essential components and raw materials, leading to delays in manufacturing and increased production costs. This, in turn, could drive up retail prices for kitchen hoods, impacting market demand. Also, geopolitical instability can affect foreign direct investment and economic growth in Vietnam, which may lead to reduced consumer spending. This uncertainty can result in a more cautious approach among manufacturers and retailers, potentially slowing market expansion and innovations within the Kitchen Hoods Market.

Vietnam Kitchen Hoods Market

Segmental Coverage

Vietnam Kitchen Hoods Market – By Product Type

By product type, the Vietnam Kitchen Hoods Market is divided into Under Cabinet, Wall Mounted, and Ceiling Mount segments. The wall mounted segment holds the highest share in the Vietnam Kitchen Hoods Market by product type. It is primarily due to its versatility. A wall mounted kitchen hood fits a wide range of kitchen layouts. This adaptability makes it a popular choice among homeowners and builders. Since wall-mounted hoods are installed against a wall, they suit both traditional and modern kitchens, which adds to their widespread appeal. The cost-effectiveness of wall-mounted hoods, especially compared to other types like island hoods or downdraft systems, also contributes to their popularity. Given the price sensitivity in Vietnam, this affordability is a key factor driving demand for this segment. Another reason for their dominance is that wall-mounted hoods offer a good mix of functionality and aesthetics. They efficiently capture and remove smoke, grease, and odors while providing a variety of design options. This makes them attractive to consumers looking for both effective ventilation and a stylish addition to their kitchen.

Vietnam Kitchen Hoods Market – By Distribution Channel

Based on distribution channel, the Vietnam Kitchen Hoods Market is bifurcated into Online and Offline segments. The online segment is expected to hold a higher share in the Vietnam Kitchen Hoods by distribution channel. E-commerce platforms offer convenience and a wider selection of products, attracting more consumers to shop online for kitchen appliances. The ability to compare prices, read reviews, and access promotional discounts makes online shopping appealing in Vietnam, particularly among younger consumers. Also, the COVID-19 pandemic accelerated the shift toward online purchasing, as consumers became more comfortable with digital transactions and home delivery. This trend has persisted, with retailers investing in robust online platforms and offering seamless customer experiences, further boosting the online segment's share in the Vietnam kitchen hoods market.

Vietnam Kitchen Hoods Market – By End User

Based on end user, the Vietnam Kitchen Hoods Market is bifurcated into Residential and Commercial segments. The residential segment holds a higher share in the Vietnam Kitchen Hoods Market by end user. because of the growing demand for modern kitchen appliances among homeowners. As urbanization progresses and disposable income rises in Vietnam, more people are renovating their kitchens or building new homes, which drives the need for kitchen hoods. Additionally, the popularity of open-concept kitchen designs, which require effective ventilation, has contributed to the growth of this segment. Also, the residential sector's emphasis on energy-efficient and stylish appliances also plays a role. Consumers in this segment often prioritize aesthetics and functionality, making kitchen hoods an essential addition to their homes. This demand has prompted manufacturers to focus on developing innovative and attractive designs for the residential market, reinforcing its leading share in the Vietnam kitchen hoods industry.

Competitive Landscape

Major players operating in Vietnam Kitchen Hoods Market include Whirlpool Corporation, Haier, BSH Home Appliances (Vietnam) Co., Ltd, Faber, Falmec S.p.A., Miele, Samsung Electronics Vietnam Co., Ltd, LG Electronics Vietnam, ELICA VIỆT NAM, and Panasonic. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

By Product Type

• Under Cabinet

• Wall Mounted

• Ceiling Mount

By Distribution Channel

• Online

• Offline

By End User

• Residential

• Commercial

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Vietnam Kitchen Hoods Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Rising disposable income
         2. Growing urbanization
         3. Increasing health consciousness among consumers
      2. Restraints
         1. Price sensitivity especially those with advanced features
         2. Lack of awareness in some segments of the population
         3. Competition from local manufacturers
      3. Opportunities
         1. Introducing new features like energy efficiency, smart connectivity, and improved filtration systems
         2. Government regulations regarding indoor air quality
         3. Growing popularity of online shopping
      4. Challenges
         1. Competition from unorganized sector
         2. Fluctuations in raw material prices
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Vietnam Kitchen Hoods Market: Marketing Strategies
5. Vietnam Kitchen Hoods Market: Pricing Analysis
6. Vietnam Kitchen Hoods Market Overview
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
         1. Under Cabinet
         2. Wall Mounted
         3. Ceiling Mount
         4. Others
      2. By Distribution Channel
         1. Online
         2. Offline
      3. By End User
         1. Residential
         2. Commercial
7. Competitive Landscape
   1. List of Key Players and Their Products
   2. Vietnam Kitchen Hoods Company Market Share Analysis, 2023
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Development (Merger, Acquisition, Partnership)
8. Vietnam Kitchen Hoods Market: Import & Export
9. Impact of Escalating Geopolitical Tensions on Vietnam Kitchen Hoods Market
10. Company Profiles (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook, and SWOT Analysis)
    1. Whirlpool Corporation
    2. Haier
    3. BSH Home Appliances (Vietnam) Co., Ltd.
    4. Faber
    5. Falmec S.p.A.
    6. Miele
    7. Samsung Electronics Vietnam Co., Ltd
    8. LG Electronics Vietnam
    9. ELICA VIỆT NAM
    10. Panasonic
    11. Other Prominent Players
11. Key Strategic Recommendations
12. Research Methodology
    1. Qualitative Research
       1.  Primary & Secondary Research
    2.   Quantitative Research
    3.   Market Breakdown & Data Triangulation
       1.  Secondary Research
       2.  Primary Research
    4.   Breakdown of Primary Research Respondents
    5.   Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

List of Figures

Figure 1       Vietnam Kitchen Hoods Market Segmentation

Figure 2       Vietnam Kitchen Hoods Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       Vietnam Kitchen Hoods Market Size, By Value (USD Million), 2019–2030

Figure 5       Vietnam Kitchen Hoods Market Share, By Product Type, By Value (USD Million) 2019–2030

Figure 6       Vietnam Kitchen Hoods Market Share, By Distribution Channel, By Value (USD Million) 2019–2030

Figure 7       Vietnam Kitchen Hoods Market Share, By End User, By Value (USD Million) 2019–2030

List of Tables      

Table 1        Vietnam Kitchen Hoods Market Size, By Value (USD Million), 2019–2030

Table 2        Vietnam Kitchen Hoods Market Share, By Product Type, By Value (USD Million) 2019–2030

Table 3        Vietnam Kitchen Hoods Market Share, By Distribution Channel, By Value (USD Million) 2019–2030

Table 4        Vietnam Kitchen Hoods Market Share, By End User, By Value (USD Million) 2019–2030          

Table 5        Whirlpool Corporation Company Overview

Table 6        Whirlpool Corporation Financial Overview

Table 7        Haier Company Overview

Table 8        Haier Financial Overview

Table 9        BSH Home Appliances (Vietnam) Co.Ltd.       Company Overview

Table 10      BSH Home Appliances (Vietnam) Co.Ltd.

Financial Overview

Table 11      Faber Company Overview

Table 12      Faber Financial Overview

Table 13      Falmec S.p.A. Company Overview

Table 14      Falmec S.p.A. Financial Overview

Table 15      Miele Company Overview

Table 16      Miele Financial Overview

Table 17      Samsung Electronics Vietnam Co., Ltd Company Overview

Table 18      Samsung Electronics Vietnam Co., Ltd Financial Overview

Table 19      LG Electronics Vietnam Company Overview

Table 20      LG Electronics Vietnam Financial Overview

Table 21      ELICA VIỆT NAM Company Overview

Table 22      ELICA VIỆT NAM Financial Overview

Table 23      Panasonic Company Overview

Table 24      Panasonic Financial Overview