Between 2013 and 2023, the market size value per capita for ventilating or recycling hoods with a maximum horizontal side less than 120 cm in the Netherlands rose from €3.5 to €5.39. In 2023, this represented the highest recorded value during this period. Notably, the significant variation was observed in 2017 and minor fluctuations from 2019 to 2023. Over the last two years, year-on-year growth stood at 2.84% in 2022 and 2.86% in 2023. The last five-year CAGR was approximately 3.47%.
Future trends to watch for:
- Technological advancements in energy efficiency and smart home integration.
- Increased consumer focus on sustainable and eco-friendly products.
- Potential market expansion driven by urbanization and residential construction.
