Indian Electric Kitchen Appliances Sector Discussed by TechSci Research in Insightful Report Now Available at MarketPublishers.com04 Nov 2015 • by Natalie Aster
LONDON – With swelling middle-class population, increasing living standards, and surging number of nuclear families, India’s demand for electric kitchen appliances is on the rise. Other key factors giving a boost to the domestic electric kitchen appliances market encompass rapidly growing working population, specifically women; rising disposable income per capita in tandem with the expansion of retail formats like supermarkets, hypermarkets and convenience stores in India. In addition, increasing online availability of practically all the electric kitchen appliances is further contributing to an increase in product sales. Bajaj Electricals, LG Electronics and TTK Prestige are amid the top electric kitchen appliance producers operating domestically.
The market for electric kitchen appliances in India is expected to grow at a CAGR of over 29% through to 2020. As of 2014, the induction cooktop segment dominated the domestic electric kitchen appliances market, with the electric chimneys, microwaves and electric cookers segments following after. Western India captures the lion’s market share as of 2014, with the regional trend projected to prevail in the offing.
Insightful market research study “India Electric Kitchen Appliances Market Forecast and Opportunities, 2020” created by TechSci Research presents a deep analysis of the Indian electric kitchen appliances market. It analyses the Indian market size including forecasts (by value and volume), covers current and forecasted market share data (by type, POS, company and region). The report presents detailed market segmentation, with market size (by value and volume) estimates and market share data plus exhaustive forecasts and a granular price point analysis for each segment discussed. The research report gives an overview of the overall economic situation in India; provides an analysis of the market dynamics covering key sector growth drivers and challenge; limelights key market developments and trends; examines the political and regulatory landscape. In addition, the report investigates the competitive scene and includes detailed profiles of the 10 leading market players.
India Electric Kitchen Appliances Market Forecast and Opportunities, 2020
Date: October, 2015
Price: US$ 3,000.00
More reports by the publisher can be found at TechSci Research page.