Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

India Home Appliances Market Trends

Companies like Panasonic and Symphony are expanding their distribution networks and retail presence in tier-2 and tier-3 cities of the country to reach a wider customer base. These brands, by entering into partnerships with local retailers and leveraging e-commerce platforms, are making their products more accessible to consumers in smaller towns and cities. This strategic expansion drives sales and foster brand loyalty, contributing to the overall India home appliances market growth.

 

The market is further expected to benefit from the introduction of advanced devices, such as AI-powered refrigerators and app-controlled appliances.

 

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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Outline the Scope

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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