Xinxiu Electrical 6th-Generation High Suction Range Hood
A range hood is an electrical appliance used in home kitchens to extract cooking fumes generated during food preparation. Cooking fumes contain numerous harmful substances, and range hoods can purify such fumes and reduce their harm to human bodies. In 2018, range hoods accounted for nearly half of China’s household kitchen appliance market. It is evident that range hoods occupy a vital position in the domestic kitchen appliance market.
With the continuous advancement of urbanization and rapid growth of urban population in China, cities have expanded steadily, creating favorable and broad opportunities for the domestic range hood market. Both production and sales volumes rose substantially compared with previous periods. Nevertheless, affected by adjustments to real estate policies and the substitution effect brought by emerging kitchen appliances, China’s production and sales of range hoods declined in 2018. According to the 2019–2022 In-depth Analysis and Research Report on China’s Internet + Range Hood Industry Development Status and Industrial Transformation Strategies released by Newthink Industry Research, China’s range hood output reached nearly 30 million units in 2018, down from the previous year. Domestic sales volume stood at only 18 million units, a drop of approximately 5 percentage points year-on-year. In 2018, both production and sales of China’s range hood industry decreased, and the market gradually presented a supply surplus.
Domestic enterprises dominate China’s range hood industry. In recent years, alongside rapid structural adjustments in the domestic range hood market, leading manufacturers have further secured the domestic market and expanded their market share, continuously raising the market concentration of the range hood sector. As market concentration keeps increasing, some small and medium-sized range hood enterprises with outdated production capacity and backward technologies will be gradually phased out by the market.
Changes in consumption patterns and continuous upgrades in product performance have driven consumer demand for range hoods toward personalization and diversification. Therefore, high-quality and intelligent range hoods will become the major development trend of the industry in the coming period. In recent years, the selling prices of range hood products in China have maintained an upward trend, with the average price in the overall offline market growing rapidly. The rising market prices indicate that China’s range hood market is generally moving toward higher quality.
Analysts from Newthink Industry Research stated that compared with other home appliances in the kitchen appliance sector, the market penetration rate of range hoods remains relatively low, leaving considerable development potential for the industry. With further structural adjustments in the domestic range hood market, leading enterprises will strengthen their hold on the domestic market, pushing the market concentration higher year by year. In addition, consumer demand for range hoods is gradually developing toward personalization and diversification. Hence, high-quality range hoods will represent the primary trend for the industry in the future.
