The UK market for ventilating or recycling hoods under 120 cm is forecasted to decline from 2024 to 2028, starting at 1.3594 million units in 2024 and contracting by an approximate CAGR of -4.1% over five years. From 2023 to 2024, the projected downturn marks a significant decrease, building on a narrative of diminishing market volumes since 2023. Year-on-year declines estimate at 4-5% after 2024, signaling a continuous downward market movement.
Future trends to watch include potential shifts in consumer behavior towards maintenance and upgrades of existing units, regulatory changes, or advancements in energy efficiency that could stabilize or alter current forecasts. These factors could provide opportunities for innovation to offset the anticipated volume decline.
