Vendor Landscape
The market structure is expected to remain fragmented during the forecast period. Vendors operating in the market are adopting various marketing and growth strategies such as competitive pricing to compete in the market.
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. are some of the few key vendors of this market. Vendors are competing to maintain their market position in the market. To succeed in this market, vendors must focus on providing consumer electronics and home appliances market in India at competitive prices.
Vendors are also trying to expand their market presence and strengthen their product portfolio by entering partnerships and launching new and innovative products.
For instance- In March 2023, Hitachi Ltd. introduced its wide range of products such as elevators, including the world’s fastest elevator and escalators at Global Lift and Escalator Expo 2023 Virtual (GLE Expo 2023 Virtual) held online by Virgo Communications and Exhibitions Pvt Ltd.
View more about the market’s vendor landscape highlights with a comprehensive list of vendors and their offerings.
Key Market Segmentation
- Segmentation by Product:
- Consumer Electronics:
- The segment contributed greatly to the overall market growth in 2020.
- Consumer electronics was the largest segment of the market in 2020 and will continue to remain as the largest segment of the market in 2025.
- Segmentation by Style:
- Freestanding:
- In terms of style, the Freestanding style segment generated maximum revenue in the market in 2020.
- Freestanding styles are expected to account for the maximum number of sales in the market over the forecast period.
Request a FREE Sample of this report for more highlights into the market segments.
Revenue Generating Segment
The consumer electronics and home appliances market share growth in India by the consumer electronics segment will be significant during the forecast period. 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.
Download our FREE sample report for more key highlights on all major segments.
Latest Drivers and Trends Driving the consumer electronics and home appliances market in India
- Consumer electronics and home appliances market in India Driver:
- Increasing demand for premium appliances:
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.
- Consumer electronics and home appliances market in India Trend:
- Adoption of smart and advanced features in home appliances:
To provide increased convenience, vendors are integrating smart features that will influence the consumers’ buying decisions. These smart connected products reduce manual labor and can be controlled and operated through smartphones. Smart devices are being integrated with the IoT technology that integrates digital and wireless technology and will enable consumers to connect their household appliances using their smartphones and the Internet and conveniently operate, monitor, them from any location.
Find additional information about various other market drivers & Trends mentioned in our FREE sample report.
Need More? Are You Looking for Information Not Covered in This Report?
- Want to understand more about the various research methodology?
- Evaluate a specific segment or region in detail
- Identify key suppliers, customers, or other market players
- Analyze market regulations
Tailor this report according to your needs. Get it done with our $1000 worth of free customization. Speak to Our Analyst Now!
Related Reports:
Microwave Oven Market –The microwave oven market share should rise by USD 1.39 billion from 2023 to 2025 at a CAGR of 1.69%. Download a free sample now!
Induction Cookware Market –The induction cookware market has the potential to grow by USD 1.38 billion during 2023-2025, and the market’s growth momentum will accelerate at a CAGR of 4.20%. Download a free sample now!
|
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 2023-2025 |
USD 2.12 billion |
|
Market structure |
Fragmented |
|
YoY growth (%) |
1.09 |
|
Performing market contribution |
India at 100% |
|
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 preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
