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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Leading Companies in Home Appliances Market in India
India home appliances market players are introducing innovative features, enhancing product offerings, and expanding their presence in tier-2 cities to tap into the growing demand for smart home appliances.
Samsung Electronics Co. Ltd. is a machinery and equipment manufacturing company that was founded in 1995, as a division of the global Samsung brand. The company is headquartered in Gurugram, Haryana and is known for providing technological and electrical devices.
Whirlpool Corporation was founded in 1960 and has its headquarters located in Gurugram, Haryana. It is an appliance manufacturing company that provides its customers with a wide range of kitchen appliances and smart electronic products for their household.
LG Electronics Inc., founded in 1958, has its headquarters in Seoul, South Korea. The company offers consumer electronics, home appliances, mobile devices, and vehicle components. The company consistently introduces cutting-edge technologies and solutions to meet the evolving needs of consumers worldwide.
Voltas Limited, incorporated in 1954, is headquartered in Mumbai, India. Specialising in air conditioning, refrigeration, engineering solutions, and consumer durables, Voltas Limited offers a wide array of products and services.
Other leading companies in the Indian home appliances market include Koninklijke Philips N.V., Electrolux AB, Hitachi Ltd., Panasonic Holdings Corporation, Robert Bosch GmBH, Haier Group Corporation, and Havells India Limited, among others.
India Home Appliances Market Report Snapshots
India Home Appliances Market Size
India Home Appliances Market Share
India Home Appliances Market Growth
India Home Appliances Market Trends
India Home Appliances Market Regional Analysis
India Home Appliances Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 77.74 billion.
The India home appliances market is expected to grow at a CAGR of 5.70% between 2024 and 2032.
The market for home appliances in India is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 127.07 billion by 2032.
Rising disposable income, increasing availability of home appliances, and growing population are the major market drivers.
Key trends aiding the market expansion include the increasing demand for energy efficient appliances and growing demand for connected home appliances with increasing internet penetration.
North India, East and Central India, West India, and South India are the significant Indian markets for home appliances.
Based on type, the market is segmented into major appliances and small appliances.
Home appliances are devices that aid in completion of various household activities such as cleaning, cooking, and storing food, among others, in an efficient and time saving manner.
Key players in the market are Samsung Electronics Co. Ltd., Whirlpool Corporation, LG Electronics Inc., Voltas Limited, Koninklijke Philips N.V., Electrolux AB, Hitachi Ltd., Panasonic Holdings Corporation, Robert Bosch GmBH, Haier Group Corporation, and Havells India Limited, among others.
The rising disposable income, expansion of the electrical and electronics sector, and the increasing penetration of smart technology support the market for home appliances.
High competition, economic uncertainty, high sensitivity to price changes, and supply chain disruptions are the key challenges faced by the industry.
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