1.30% CAGR in Consumer Electronics and Home Appliances Market in India |Technavio

NEW YORK, Oct. 26, 2021 /PRNewswire/ — The consumer electronics and home appliances market in India is set to grow…

NEW YORK, Oct. 26, 2021 /PRNewswire/ — 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.

Read our Sample Report to explore growth opportunities in the consumer electronics and home appliances market in India.

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 2021-2025: Segmentation

  • Product
    • Consumer electronics
    • Home appliances
  • Style
    • Freestanding
    • Built-in

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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.

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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 

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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 1.30%

Market growth 2021-2025

USD 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.

Download Latest Free Sample Report for additional highlights on the consumer electronics and home appliances market in India.

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