India Home Appliances Market Report and Forecast 2024-2032
Market Report I 2024-01-18 I 225 Pages I EMR Inc.
India Home Appliances Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the India home appliances market reached a value of USD 73.55 billion in 2023. Aided by the burgeoning middle-class population, advancements in technology, and a paradigm shift towards smart homes, the market is projected to further grow at a CAGR of 5.70% between 2024 and 2032 to reach a value of USD 101.8 billion by 2032.
Home appliances, which encompass a range of products from refrigerators, washing machines, and air conditioners to microwaves, have become indispensable assets in modern Indian households. They play a pivotal role in enhancing living standards, simplifying chores, and contributing to a comfortable lifestyle. India, being a rapidly urbanising nation with growing disposable incomes, has witnessed a surge in the demand for these consumer appliances.
A dominant driver behind India home appliances market growth is the rising middle class. This segment is increasingly exhibiting preferences for sophisticated and technologically advanced appliances, largely owing to higher disposable incomes and the aspirational value attached to such products. As urban areas expand, the allure of modern living pushes many to opt for appliances that ensure convenience and efficiency.
As per the India home appliances market analysis, another significant factor is the wave of technological advancements and innovation. Today, the Indian consumer is no longer satisfied with just the basic functionality; they seek smart, connected devices that can be integrated with their digital lifestyles. The proliferation of IoT and AI in home appliances, enabling users to control and monitor their devices remotely, has added a new dimension to the market.
Furthermore, the energy-efficiency movement has given a considerable boost to the India home appliances market demand. With the Indian government's emphasis on energy conservation, there's a growing demand for energy-efficient appliances. Manufacturers are thus investing extensively in R&D to produce appliances that consume less power, ultimately benefiting the consumer in terms of reduced electricity bills.
India's e-commerce boom also plays a vital role in shaping the home appliances landscape. With digital platforms offering a wide variety of products, easy financing options, and enticing discounts, many consumers are turning to online shopping, thereby expanding the reach of these products even in remote areas and further contributing value to the India home appliances market size.
Market Segmentation
The market can be divided based on product, distribution channels, price range, and region.
Market Breakup by Product
- Refrigerator
o Single
o Top Freezer
o Side-by-Side
o Bottom Freezer
o French Door
o Others
- Air Conditioners
o Splits
o Windows
o VRF
o Chillers
o Others
- Washing Machines
o Top Load
o Front Load
- Others
Market Breakup by Distribution Channels
- Supermarkets and Hypermarkets
- Online and Specialty Retail Channels
- Exclusive/Multi-Brand Outlets
- Others
Market Breakup by Price Range
- Economy
- Mid-Range
- Premium
Market Breakup by Region
- East India
- West India
- South India
- North India
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the India home appliances market. Some of the major players explored in the report by Expert Market Research are as follows:
- Samsung India Electronics Pvt Ltd
- LG Electronics
- Whirlpool of India Limited
- Voltas Limited
- Bosch Limited
- Godrej & Boyce Manufacturing Company Limited
- Haier Inc.
- IFB Appliances
- Havells India Limited
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 India Home Appliances Market Overview
8.1 Key Industry Highlights
8.2 India Home Appliances Historical Market (2018-2023)
8.3 India Home Appliances Market Forecast (2024-2032)
9 India Home Appliances Market by Product
9.1 Refrigerator
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Type
9.1.3.1 Single
9.1.3.1.1 Historical Trend (2018-2023)
9.1.3.1.2 Forecast Trend (2024-2032)
9.1.3.2 Top Freezer
9.1.3.2.1 Historical Trend (2018-2023)
9.1.3.2.2 Forecast Trend (2024-2032)
9.1.3.3 Side-by-Side
9.1.3.3.1 Historical Trend (2018-2023)
9.1.3.3.2 Forecast Trend (2024-2032)
9.1.3.4 Bottom Freezer
9.1.3.4.1 Historical Trend (2018-2023)
9.1.3.4.2 Forecast Trend (2024-2032)
9.1.3.5 French Door
9.1.3.5.1 Historical Trend (2018-2023)
9.1.3.5.2 Forecast Trend (2024-2032)
9.1.3.6 Others
9.2 Air Conditioners
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Type
9.2.3.1 Splits
9.2.3.1.1 Historical Trend (2018-2023)
9.2.3.1.2 Forecast Trend (2024-2032)
9.2.3.2 Windows
9.2.3.2.1 Historical Trend (2018-2023)
9.2.3.2.2 Forecast Trend (2024-2032)
9.2.3.3 VRF
9.2.3.3.1 Historical Trend (2018-2023)
9.2.3.3.2 Forecast Trend (2024-2032)
9.2.3.4 Chillers
9.2.3.4.1 Historical Trend (2018-2023)
9.2.3.4.2 Forecast Trend (2024-2032)
9.2.3.5 Others
9.3 Washing Machines
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Type
9.3.3.1 Top Load
9.3.3.1.1 Historical Trend (2018-2023)
9.3.3.1.2 Forecast Trend (2024-2032)
9.3.3.2 Front Load
9.3.3.2.1 Historical Trend (2018-2023)
9.3.3.2.2 Forecast Trend (2024-2032)
9.4 Others
10 India Home Appliances Market by Distribution Channels
10.1 Supermarkets and Hypermarkets
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Online and Specialty Retail Channels
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Exclusive/Multi-Brand Outlets
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 India Home Appliances Market by Price Range
11.1 Economy
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Mid-Range
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Premium
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 India Home Appliances Market by Region
12.1 East India
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 West India
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 South India
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 North India
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter's Five Forces Analysis
13.2.1 Supplier's Power
13.2.2 Buyer's Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Value Chain Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Samsung India Electronics Pvt Ltd
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Manufacturing Capabilities
15.2.1.4 Demographic Reach and Achievements
15.2.1.5 Certifications
15.2.2 LG Electronics
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Manufacturing Capabilities
15.2.2.4 Demographic Reach and Achievements
15.2.2.5 Certifications
15.2.3 Whirlpool of India Limited
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Manufacturing Capabilities
15.2.3.4 Demographic Reach and Achievements
15.2.3.5 Certifications
15.2.4 Voltas Limited
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Manufacturing Capabilities
15.2.4.4 Demographic Reach and Achievements
15.2.4.5 Certifications
15.2.5 Bosch Limited
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Manufacturing Capabilities
15.2.5.4 Demographic Reach and Achievements
15.2.5.5 Certifications
15.2.6 Godrej & Boyce Manufacturing Company Limited
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Manufacturing Capabilities
15.2.6.4 Demographic Reach and Achievements
15.2.6.5 Certifications
15.2.7 Haier Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Manufacturing Capabilities
15.2.7.4 Demographic Reach and Achievements
15.2.7.5 Certifications
15.2.8 IFB Appliances
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Manufacturing Capabilities
15.2.8.4 Demographic Reach and Achievements
15.2.8.5 Certifications
15.2.9 Havells India Limited
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Manufacturing Capabilities
15.2.9.4 Demographic Reach and Achievements
15.2.9.5 Certifications
15.2.10 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. India Home Appliances Market: Key Industry Highlights, 2018 and 2032
2. India Home Appliances Historical Market: Breakup by Product (USD Million), 2018-2023
3. India Home Appliances Market Forecast: Breakup by Product (USD Million), 2024-2032
4. India Home Appliances Historical Market: Breakup by Price Range (USD Million), 2018-2023
5. India Home Appliances Market Forecast: Breakup by Price Range (USD Million), 2024-2032
6. India Home Appliances Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
7. India Home Appliances Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
8. India Home Appliances Historical Market: Breakup by Region (USD Million), 2018-2023
9. India Home Appliances Market Forecast: Breakup by Region (USD Million), 2024-2032
10. India Home Appliances Market Structure
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