India Washing Machine Market, By Type (Semi-Automatic, Top Load Automatic, Front Load Automatic), By Machine Capacity (Below 8 Kg and 8 Kg and Above), By Technology (Non-Smart Washing Machine, Smart Connected Washing Machine), By Distribution Channel (Multi-Branded Stores, Exclusive Stores, Supermarkets and Hypermarkets, Online and Others (Direct sales, Wholesales etc.), By Region, Competition, Forecast & Opportunities, 2018-2028F
India washing machine market was valued at USD1545.46 million in 2022 and may grow with 7.25% CAGR during the forecast period, 2024-2028F to achieve the market value of USD2337.24 million by 2028F. Growing technological advancement in the products and rising number of product variants available from multiple market players in the country is driving the growth of the India washing machine market in the upcoming five years. Rising disposable income and growing household expenses further support the growth of the India washing machine market in the next five years. Rapid growth in the urbanization and evolving lifestyle of the population in the country also plays a vital role in the growth of the India washing machine market. Increased purchase power, product innovation, are expected to boost the India washing machine market during the forecast period.
Multiple types of the product including front load automatic, top load automatic, semi-automatic, etc. drive the market growth with variability in their performances. Moreover, ease of usability, improved customer services further substantiate the growth of the India washing machine market in the future five years.
The India washing machine market is segmented based on type, machine capacity, technology, distribution channel, regional analysis, top 3 leading states, and competitive landscape. Based on type, the market is further segmented into semi-automatic, top load automatic, and front load automatic. Semi-automatic washing machines are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years due to ease of usability to the users. With variants of product, it is much feasible to perform the laundry as per the consumer’s needs, thereby aiding the growth of the market. By machine capacity, the market is fragmented into below 8kg and 8kg & above. Based on technology the market is differentiated between non-smart washing machine, and smart connected washing machine. By distribution channel, the market is divided into multi-branded stores, supermarkets and hypermarkets, exclusive stores, online and others like direct sales, wholesales etc. On the basis of regional analysis, the market is segmented into North India, South India, West India, and East India regions. Each region is also analyzed by the top 3 states.
LG Electronics India Private Limited, Samsung India Electronics Private Ltd., Whirlpool of India Limited, Godrej & Boyce Manufacturing Company Limited, Haier Appliances (India) Private Limited, IFB Industries Ltd, Bosch Limited, Panasonic India Private Limited, Mirc Electronics Limited (Onida) and BPL Limited are some of the leading market players in the Indian washing machine market. Newmarket players have also been actively entering the market in recent years, further strengthening future market growth.
Years considered for this report:
Historical Years: 2018- 2021
Base Year: 2022
Estimated Year: 2023E
Forecast Period: 2024F – 2028F
Objective of the Study:
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