The consumer electronics and home appliances market in India is set to grow by USD 2.12 bn, progressing at a CAGR of 1.30% from 2021 to 2025. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
The consumer electronics and home appliances market in India is fragmented, and the degree of fragmentation will accelerate during the forecast period. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.
The report covers the following areas:
- Consumer Electronics and Home Appliances Market in India size
- Consumer Electronics and Home Appliances Market in India trends
- Consumer Electronics and Home Appliances Market in India industry analysis
Consumer Electronics and Home Appliances Market in India 2021-2025: Segmentation
- Product
- Consumer electronics
- Home appliances
- Style
- Freestanding
- Built-in
Consumer Electronics and Home Appliances Market in India 2021-2025: Vendor Analysis and Scope
To help businesses improve their market position, the consumer electronics and home appliances market in India provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include 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.
Factors such as increasing demand for premium appliances, growth in government initiatives for electronic products, and rising changes in the design of home architecture will offer immense growth opportunities. However, compliance costs, data security issues associated with smart consumer electronics and home appliances, and regulations and standards set for safety issues will hamper the market growth.
Consumer Electronics and Home Appliances Market in India 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist consumer electronics and home appliances market in India growth during the next five years
- Estimation of the consumer electronics and home appliances market size in India and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the consumer electronics and home appliances market in India
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of consumer electronics and home appliances market vendors in India
