Increasing innovation in electrical appliances is expected to influence India electrical kitchen appliances market through 2027F.
According to TechSci Research report, “India Electrical Kitchen Appliances Market –By Region, Competition Forecast & Opportunities, 2017-2027” the India electrical kitchen appliances market is forecasted to grow at an impressive CAGR of 6.66% in the forecast period on account of rapidly surging demand from the kitchen appliances industry. The market’s growth is stimulated by various factors, such as the growing popularity of electrical kitchen appliances among consumers and increasing disposable income, which in turn has increased consumer purchasing power. In the projected period, the demand for Electrical kitchen appliances is likely to register good growth due to the increasing working population and the need to make the cooking process easier and more productive. The market still has a massive scope with many nuclear families in India. Consumers prefer performance/capacity, excellent quality, and top-class when it comes to storage, food preparation, cooking, and even cleaning duties. Furthermore, electrical kitchen appliances have grown in popularity in India as the middle class has expanded, and the working population has increased. To meet the growing demand for smart appliances among the working population, companies are also attempting to balance product quality and pricing.
The large Electrical kitchen appliances segment has covered a large share of the total market because of its demand for daily usage in the Indian market. The refrigerator segment is the dominating because of innovations and everyday use. As urbanization is increasing, the kitchen hoods segment is expected to grow, making cooking much easier and more efficient.
Browse over 17 market data Figures spread through70 Pages and an in-depth TOC on “India Electrical Kitchen Appliances Market”
The India Electrical Kitchen Appliances market is segmented based on category, distribution channel, region and company. On the basis of category, the market is segregated into small electrical kitchen appliances and large electrical kitchen appliances. Out of these, the large kitchen appliances segment registered a market share of more than 66% in 2021, which has dominated the market. The distribution channel segment is divided into Multi Branded stores, Supermarkets/Hypermarkets, Traditional stores, Online and Others (Institutional Sales, Exclusive stores), in which online sales are growing because of the impact of COVID-19. Furthermore, in terms of region, the India electrical kitchen appliances market comprises of North, South, East, and West regions.
Key market players in the India Electrical Kitchen Appliances market include:
· 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
Philips India Limited is an Electrical kitchen appliances manufacturer, and it is among the first few companies to introduce high-performance silent mixer grinders. Its quiet mixer grinder brings a variety of low-noise technology-based appliances to revolutionize the most demanding segment of the kitchen, which is the Juicer mixer grinder. The Juicer mixer grinder comes with a powerful motor to give optimum speed and is also fixed with intelligent sensors to make the cooking experience wonderful.
On the basis of region, the market is divided into North, South, East & West. The North region is the major contributor to the growth of the Electrical kitchen appliances market and has contributed to the largest market share of more than 29% in the year 2021.
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“The shift of consumers from price-driven to technologically advanced kitchen appliances is expected to influence the market growth. Moreover, the increasing urbanization and the increasing number of nuclear families are the major reasons behind the surging demand for electrical kitchen appliances in the market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“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”, has evaluated the future growth potential of Electrical kitchen appliances market in India and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in India Electrical Kitchen Appliances market.
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