Dublin, June 08, 2022 (GLOBE NEWSWIRE) — The “India Electric Kitchen Appliances Market by Category (Large Electric Kitchen Appliances and Small Electric Kitchen Appliances), by Distribution Channel, by Region, Competition Forecast and Opportunities, 2017-2027” report has been added to from ResearchAndMarkets.com offer.
India Electric Kitchen Appliances Market valued at USD 5714.97 Million in 2021 and is expected to grow with a CAGR of 6.66% during the forecast period, to reach a market value of USD 8310.45 Million by 2027F.
Growing demand for technologically advanced kitchen appliances is the most critical factor driving the growth of the Indian electric kitchen appliances market over the next five years.
Growing research, evolution and advancement in technology and rising innovation in existing kitchen appliances further support the growth of the Indian electric kitchen appliances market over the next five years.
Extensive applications and increased efficiency of electric kitchen appliances and other benefits are also among the major demand drivers, and thus justifying the growth of the Indian electric kitchen appliances market in the next five years.
Moreover, the demand for kitchen electrical appliances has increased during the recent pandemic. People had to stay at home and did household chores on a daily basis, which added to the constant demand for kitchen electrical appliances in recent years.
However, product supply has been compromised due to a lack of physical stores as well as delays in online home deliveries of kitchen appliances. With the easing of post-pandemic restrictions, the e-commerce sector is once again functional and meeting pending demands with highly efficient delivery services, thus contributing to the growth of the market over the forecast years.
The Indian electric kitchen appliances market is segmented by category, distribution channel, region and competitive landscape. Depending on the category, the market differentiates between large kitchen appliances and small kitchen appliances.
Major kitchen electrical appliances are expected to hold the largest market revenue shares and dominate the market segment over the next five years owing to the increasing technological advancements and their increased demand. The major kitchen appliance segment includes refrigerator, range hood, oven and dishwasher.
Refrigerators are expected to generate the largest revenue, around 89%, by the forecast years due to an increase in demand. With increasing disposable income of the people, along with the need for food security and extending the shelf life of ready meals, the demand for kitchen electrical appliances is expected to increase during the forecast period.
Goal of the study:
- To analyze the historical growth in market size of India Electric Kitchen Appliances Market from 2017 to 2021.
- To estimate and forecast the market size of India Electric Kitchen Appliances Market from 2022E to 2027F and the growth rate till 2027F.
- Classify and forecast the Indian Electric Kitchen Appliances Market based on category, distribution channel, regional analysis and competitive landscape.
- To identify the dominant region or segment in the Indian Electric Kitchen Appliances Market.
- Identify drivers and challenges of India Electric Kitchen Appliances Market.
- Examine competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in the Indian Kitchen Electrical Appliances Market.
- To identify and analyze the profile of major players operating in the Indian Kitchen Electrical Appliances Market.
- Identify the key sustainable strategies adopted by market players in the Indian Kitchen Electrical Appliances Market.
Leading Market Players in Indian Kitchen Electrical Appliances Market
- LG Electronics India Private Limited
- Samsung India Electronics Limited
- Whirlpool India Limited
- Bajaj Electricals Limited
- Philips India Limited
- TTK Prestige Limited
- Kraft Stove Limited
- Panasonic India Private Limited
- Havells India Private Limited
- Godrej & Boyce Enterprise LLP
Main topics covered:
1. Product introduction
2. Research methodology
3. Executive Summary
4. Impact of COVID-19 on India Electric Kitchen Appliances Market
5. Voice of the customer
5.1. Brand awareness
5.2. Factors influencing purchase decision
5.3. Challenges/unmet needs
6. India Electric Kitchen Appliances Market Outlook
6.1. Market size and forecast
6.1.1. By value and volume
6.2. Market share and forecasts
6.2.1. By category (large kitchen appliances and small kitchen appliances)
6.2.2. By distribution channel (multi-brand stores, supermarkets/hypermarkets, traditional stores, online, others (institutional stores, exclusive stores)
6.2.3. By region
6.2.4. By company (2021)
6.3. Commodity Market Map
7. India Major Kitchen Electrical Appliances Market Outlook
7.1. Market size and forecast
7.1.1. By value and volume
7.2. Market share and forecasts
7.2.1. By product type
7.2.2. By distribution channel
8. India Small Kitchen Electrical Appliances Market Outlook
8.1. Market size and forecast
8.1.1. By value and volume
8.2. Market share and forecasts
8.2.1. By product type
8.2.2. By distribution channel
9. Market dynamics
10. Market trends and developments
11. Policy and regulatory landscape
12. India Economic Profile
13. Competitive landscape
14. Strategic Recommendations
For more information on this report, visit https://www.researchandmarkets.com/r/ke6jcj