India Electrical Kitchen Appliances Market, By Category (Large Electrical Kitchen Appliances & Small Electrical Kitchen Appliances), By Distribution Channel (Multi Branded Stores, Supermarkets/Hypermarkets, Traditional Stores, Online & Others (Institutional sales, Exclusive Stores), By Region, Competition Forecast & Opportunities, 2017-2027
India electrical kitchen appliances market valued at USD5714.97 million in 2021 and is expected to grow with a CAGR of 6.66% during the forecast period, to reach a market value of USD8310.45 million by 2027F. The increasing demand for technologically advanced kitchen appliances is the most critical factor driving the growth of the India electrical kitchen appliances market in the upcoming five years. Growing research, evolving and advancing technology, and rising innovation in the existent kitchen appliances are further supporting the growth of the India electrical kitchen appliances market in the next five years. Broad applications and higher efficiency of electrical kitchen appliances and other advantages are also some of the primary drivers of the demand, and thus substantiates the growth of India electrical kitchen appliances market in the future five years.
Moreover, the demand for electrical kitchen appliances increased in the recent pandemic. The population had to stay at home and were performing household chores on a daily basis, which added to the consistent demand for electrical kitchen appliances in recent years. However, the supply of the products was compromised due to a lack of physical stores along with delayed online home deliveries of the kitchen appliances. With relaxation the relaxation from the restrictions post pandemic, the e-commerce sector is functional again and is serving the pending demands along with highly efficient delivery services, thus aiding the market growth in the forecast years.
The India electrical kitchen appliances market is segmented by category, distribution channel, region, and competitive landscape. Based on category, the market is differentiated between large appliances electrical kitchen appliances & small electrical kitchen appliances. Large electrical kitchen appliances are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years because of increasing advancements in technology and their increased demand. The large electrical kitchen appliances segment comprises refrigerator, kitchen hood, oven, and dishwasher. Refrigerators are anticipated to hold the most significant revenue, approximately 89%, by the forecast years due to a surge in the demands. Rising disposable income among the population, along with the need for food safety and to prolong the shelf life of cooked meals, the demand for electrical kitchen appliances is expected to grow in the forecast period.
LG Electronics India Private Limited, Samsung India Electronics Limited, Whirlpool India Limited, Bajaj Electricals Limited, Philips India Limited, TTK Prestige Limited, Stove Kraft Limited, Panasonic India Private Limited, Havells India Private Limited, Godrej & Boyce Enterprise LLP, etc., are among the major market players in the India Electrical Kitchen Appliances market.
Years considered for this report:
Historical Years: 2017 - 2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F – 2027F
Objective of the Study:
- To analyze the historical growth in market size of India electrical kitchen appliances market from 2017 to 2021.
- To estimate and forecast the market size of India electrical kitchen appliances market from 2022E to 2027F and growth rate until 2027F.
- To classify and forecast India electrical kitchen appliances market based on category, distribution channel, regional analysis, and competitive landscape.
- To identify dominant region or segment in the India electrical kitchen appliances market.
- To identify drivers and challenges for India electrical kitchen appliances market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India electrical kitchen appliances market.
- To identify and analyze the profile of leading players operating in India electrical kitchen appliances market.
To identify key sustainable strategies adopted by market players in India electrical kitchen appliances market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of India electrical kitchen appliances market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Manufacturers, suppliers, distributors and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to electrical kitchen appliances
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, India Electrical Kitchen Appliances market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- India Electrical Kitchen Appliances Market, By Category:
- Large Electrical Kitchen Appliances
- Small Electrical Kitchen Appliances
- India Electrical Kitchen Appliances Market, By Distribution Channel:
- Muti Branded Stores
- Supermarkets/Hypermarkets
- Traditional Stores
- Online
- Others (Institutional Stores, Exclusive Stores)
- India Electrical Kitchen Appliances Market, By Region:
- North
- South
- West
- East
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in India Electric Kitchen Appliances MarketThe following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Companies Mentioned1.LG Electronics India Private Limited
2.Samsung India Electronics Limited
3.Whirlpool India Limited
4.Bajaj Electricals Limited
5.Philips India Limited
6.TTK Prestige Limited
7.Stove Kraft Limited
8.Panasonic India Private Limited
9.Havells India Private Limited
10.Godrej & Boyce Enterprise LLP
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