Pulp and paper in education and stationery, trends in emerging markets and traditional sectors suggest that the market is anticipated to cross USD 395 Billion by 2029.
Consumer Goods & Services
With the availability of disposable income, better lifestyle, and improved infrastructure facility the need for comfort in kitchen hood has increased, which is a positive impact for the kitchen hood market._x000D_
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India is a developing country and continuously improving infrastructure facilities. The growth of employment in cities is attracting people from rural areas as well as smaller cities to large towns. People are getting better opportunities and a rise in income results in a better lifestyle. The government of India has launched Pradhan Mantri Awas Yojana (Urban) Mission 25th June 2015 which intends to provide housing for all in urban areas by the year 2022. This is an initiative by the Government of India in which affordable housing will be provided to the urban poor with a target of building 20 million affordable houses by 31 March 2022. By this initiative, almost 20 million families will have a new house by the year 2022. Most people now prefer modular kitchen in their new house and increased demand for modular kitchen will boost demand for kitchen hood. The urbanization in India and increasing demand for modular and compact kitchen is expected the positive impact the kitchen hood market._x000D_
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According to the recently published report of Actual Market Research, "India Kitchen Hood Market By Value, By Product Type (Wall Mounted, Streight, Island), By Cleaning Type (Manual, Auto), By Suction Power, By Sales Channel (Offline & Online), Overview, 2020-2025" the market has historically grown with a CAGR of above 13% till the year 2018-19. The kitchen hood is mainly classified into 3 types wall-mounted, straight line, and island, among all these the wall, mounted kitchen hood is more popular and has captured the biggest percentage of market share in the year 2018-19. The growing demand for smart kitchens is another important development in this market. Increasing the construction of modular kitchens is compelling the demand for advanced kitchen hood systems that match the overall aesthetics of the kitchen. Residential kitchen hoods are mostly placed above the hobs in order to gain maximum efficiency although kitchen hoods are now available in different styles. Also, they can be integrated into the side of the hobs as well. Residential kitchen hoods are available in diverse types, sizes, and styles. Further kitchen hoods are classified into two types on the basis of cleaning type; manual and auto clean. _x000D_
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Manual clean kitchen hood is cheaper one which needs time to time manual cleaning. On the other hand, the auto-clean kitchen hoods are costlier than a manual one and it is easy to clean and needs less maintenance cost. Manual kitchen hoods have captured the biggest market compare to auto clean but demand for auto clean kitchen hood is increasing as it is easy to clean and maintain. According to the report, the south and west zone of India has 60 % of the total market share of the kitchen hood market. The growing urbanization in Indian states such as Gujarat, Maharashtra, Goa, Kerala, Tamil Nadu, and others is supporting the culture of housing societies. These factors are believed to bolster the growth of the India Kitchen hood market. With the change of lifestyle and increased demand for convenience goods, carpenter-made kitchens have been replaced by modular kitchens. They are also referred to as ready to install cabinets, which can be customized according to consumer preference. _x000D_
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The substitute for kitchen hoods in India is an exhaust fan. In today's world where air pollution matters a lot, an exhaust fan is not sufficient, it can only draw out the smoke from the kitchen, and not other impurities like carbon and food particles, oiliness, heavy complicated gaseous, etc., that a Kitchen hood can draw out. Growing consumer awareness about the benefit of kitchen hood, increasing consumer awareness of healthy cooking environment and appropriate ventilation in residential kitchens is the positive impact on kitchen hood market demand. The Kitchen hood offers several benefits including bacteria removal, low noise, and enhancement of kitchen aesthetics. The demand for quality products for smoke removal from the kitchen has seen a steep increase along with the changing lifestyle.
_x000D_
India is a developing country and continuously improving infrastructure facilities. The growth of employment in cities is attracting people from rural areas as well as smaller cities to large towns. People are getting better opportunities and a rise in income results in a better lifestyle. The government of India has launched Pradhan Mantri Awas Yojana (Urban) Mission 25th June 2015 which intends to provide housing for all in urban areas by the year 2022. This is an initiative by the Government of India in which affordable housing will be provided to the urban poor with a target of building 20 million affordable houses by 31 March 2022. By this initiative, almost 20 million families will have a new house by the year 2022. Most people now prefer modular kitchen in their new house and increased demand for modular kitchen will boost demand for kitchen hood. The urbanization in India and increasing demand for modular and compact kitchen is expected the positive impact the kitchen hood market._x000D_
_x000D_
According to the recently published report of Actual Market Research, "India Kitchen Hood Market By Value, By Product Type (Wall Mounted, Streight, Island), By Cleaning Type (Manual, Auto), By Suction Power, By Sales Channel (Offline & Online), Overview, 2020-2025" the market has historically grown with a CAGR of above 13% till the year 2018-19. The kitchen hood is mainly classified into 3 types wall-mounted, straight line, and island, among all these the wall, mounted kitchen hood is more popular and has captured the biggest percentage of market share in the year 2018-19. The growing demand for smart kitchens is another important development in this market. Increasing the construction of modular kitchens is compelling the demand for advanced kitchen hood systems that match the overall aesthetics of the kitchen. Residential kitchen hoods are mostly placed above the hobs in order to gain maximum efficiency although kitchen hoods are now available in different styles. Also, they can be integrated into the side of the hobs as well. Residential kitchen hoods are available in diverse types, sizes, and styles. Further kitchen hoods are classified into two types on the basis of cleaning type; manual and auto clean. _x000D_
_x000D_
Manual clean kitchen hood is cheaper one which needs time to time manual cleaning. On the other hand, the auto-clean kitchen hoods are costlier than a manual one and it is easy to clean and needs less maintenance cost. Manual kitchen hoods have captured the biggest market compare to auto clean but demand for auto clean kitchen hood is increasing as it is easy to clean and maintain. According to the report, the south and west zone of India has 60 % of the total market share of the kitchen hood market. The growing urbanization in Indian states such as Gujarat, Maharashtra, Goa, Kerala, Tamil Nadu, and others is supporting the culture of housing societies. These factors are believed to bolster the growth of the India Kitchen hood market. With the change of lifestyle and increased demand for convenience goods, carpenter-made kitchens have been replaced by modular kitchens. They are also referred to as ready to install cabinets, which can be customized according to consumer preference. _x000D_
_x000D_
The substitute for kitchen hoods in India is an exhaust fan. In today's world where air pollution matters a lot, an exhaust fan is not sufficient, it can only draw out the smoke from the kitchen, and not other impurities like carbon and food particles, oiliness, heavy complicated gaseous, etc., that a Kitchen hood can draw out. Growing consumer awareness about the benefit of kitchen hood, increasing consumer awareness of healthy cooking environment and appropriate ventilation in residential kitchens is the positive impact on kitchen hood market demand. The Kitchen hood offers several benefits including bacteria removal, low noise, and enhancement of kitchen aesthetics. The demand for quality products for smoke removal from the kitchen has seen a steep increase along with the changing lifestyle.
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