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The increasing demand for premium appliances is one of the primary factors that will fuel the growth of the consumer electronics and home appliances market in India during the next few years. The growing importance of consumer electronics and home appliances is encouraging the demand for unique and premium consumer electronics. Premium appliances are equipped with smart features that match the societal status of upper-class households. With the increasing number of high-net-worth individuals (HNWIs), the demand for luxury consumer electronics and home appliances is growing in the developing economies and fueling the market growth.
The compliance costs will be a major challenge for the consumer electronics and household appliances market in India. The consumer electronics and home appliances market has been witnessing an increase in cost burden due to the evolving nature of compliances prescribed by the Government in recent years. This cost burden is ultimately passed on to consumers, making products unaffordable and having a detrimental impact on their demand.
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Major Consumer Electronics and Home Appliances in India Companies:
- AB Electrolux
- Haier Smart Home Co. Ltd.
- Hitachi Ltd.
- Koninklijke Philips NV
- LG Electronics Inc.
- Robert Bosch GmbH
- Samsung Electronics Co. Ltd.
- Sony Corp.
- Toshiba Corp.
- Whirlpool Corp.
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Consumer Electronics and Home Appliances Market in India Product Outlook (Revenue, USD bn, 2020-2025)
- Consumer electronics - size and forecast 2020-2025
- Home appliances - size and forecast 2020-2025
Consumer Electronics and Home Appliances Market in India Style Outlook (Revenue, USD bn, 2020-2025)
- Freestanding - size and forecast 2020-2025
- Built-in - size and forecast 2020-2025
The consumer electronics and home appliances market share growth in India by the consumer electronics segment will be significant during the forecast period. In developing nations, including India, the increasing spending capability due to rising average dual-household incomes will play a crucial role in boosting the demand for consumer electronics. The adoption of IoT technology will also drive the global sales of different consumer electronics. The devices embedded with advanced technologies and connected to the Internet will play a crucial role in the different applications of smart devices.
Over the last decade, India has witnessed a shift in preference for cathode ray tube (CRT)-based television to flat-screen TVs, including light-emitting diode (LED), plasma, liquid crystal display (LCD), 3D, and smart TVs. However, currently, the country is experiencing high demand for flat-screen TVs, which will also lend to the growth of the consumer electronics market in the country.
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Consumer Electronics and Home Appliances Market in India Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 1% |
Market growth 2021-2025 |
$ 2.12 billion |
Market structure |
Fragmented |
YoY growth (%) |
1.09 |
Regional analysis |
APAC, Europe, North America, MEA, and South America |
Performing market contribution |
India at 100% |
Key consumer countries |
China, US, Germany, and Japan |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
AB Electrolux, Haier Smart Home Co. Ltd., Hitachi Ltd., Koninklijke Philips NV, LG Electronics Inc., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sony Corp., Toshiba Corp., and Whirlpool Corp. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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