The Indian consumer appliances market is anticipated to grow at a significant CAGR of 7.5% during the forecast period. Increasing disposable income of people, continuous economic growth of the country, and increasing urbanization are some of the key factors for the growth of the consumer industry in the country. Moreover, with the increasing internet penetration, the e-commerce website’s penetration is continuously increasing in the country, which in turn, is increasing the reach of people of the desired product at the remote places also.
Moreover, with the increasing rural electrification and development of the supply chain of brands, the country posses a huge potential for the consumer electronics market. Favourable government regulation by the government is also providing scope to foreign brands. India allows 51% FDI (Foreign Direct Investment) in multi-brand and 100% in single-brand retail. As per India Brand Equity Foundation, the FDI investment between April 2000-March 2020 was around $2.8 billion in the country. in FY 2020, the consumer durable loans increased by 43% YoY in FY 2020 to more than $921 million, which indicates a significant increase in the sales of consumer electronics in the country.
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India Consumer Appliances Market Segmentation
By Product Type
- Air Solution
- HVAC System
- Air Purifier
- Air Cooler
- Fans and Exhaust Fans
- Entertainment
- Television
- Speaker, Smart Speaker &Radio
- Gaming Console
- Digital Camera
- Laundry & Cleanliness
- Washing Machine & Dryers
- Dishwasher
- Vacuum Cleaner
- Connectivity
- Smartphone
- Tablets
- Desktop & Laptop (& Accessories)
- Water Solution
- Water Purifier
- Water Geyser
- Water Pump
- Kitchen Appliances
- Refrigerators
- Microwave
- Mixer & Juicer
- Stove & Hobs
- Other (Electric Chimney, Kettle, Toaster)
- Grooming Accessories (Trimmer, Blower, Straightener, Electric Brush)
- Wearables
- Other Consumer Appliances
By Usage
- Personal Care/Individual
- Domestic Use
By Distribution Channel
- Online
- Offline
A full Report of India Consumer Appliances Market is Available @ https://www.omrglobal.com/industry-reports/india-consumer-appliances-market
Company Profiles
- Apple Inc.
- Bajaj Electricals Ltd.
- BBK Electronics Corp.
- Carrier Corp.
- Daikin Industries, Ltd.
- Dell Inc.
- Eureka Forbes Ltd.
- Godrej & Boyce Manufacturing Co. Ltd.
- Haier Group Corp.
- Hitachi, Ltd.
- Imagine Marketing Private Limited (boAt)
- KENT RO Systems Ltd.
- Koninklijke Philips N.V.
- Lenovo Group Ltd.
- LG Electronics Inc.
- Panasonic Corp.
- Robert Bosch GmbH
- Samsung Electronics Co., Ltd.
- Sony Corp.
- Symphony Ltd.
- Voltas Ltd.
- Whirlpool Corp.
- Xiaomi Corp.
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