Television Manufacturing Showed Swift Growth in India, Says Smart Research Insights in Its Report Published at MarketPublishers.com06 Jul 2016 • by Natalie Aster
LONDON – India is set to enter the list of top five largest markets for consumer durables by 2025. In FY10, the consumer durables industry was worth USD 6.3 billion, and it almost doubled by FY15.
The local appliance and consumer electronics segment is forecast to hit the USD 20.6 billion mark by 2020, demonstrating growth at a 13.4% CAGR.
Traditional ray tube technology is no more popular in the country. Consumer preferences have now shifted to LCD, LED and Plasma televisions.
The country’s TV industry revenue is forecast to amount to more than INR 130,480 crore by 2020.
TVs are amongst largest imports in the local consumer durables sector, with only air conditioners being the leader.
India’s production of flat panel televisions grew at a 66% CAGR over the period FY10-FY14, and its CAGR was the highest one if compared to washing machines, refrigerators and ACs.
The TV marketplace is driven by such factors as growing availability, an increasing number of nuclear families and rising disposable incomes.
Topical research report “A Study of the Indian Television Manufacturing Market 2016” drawn up by Smart Research Insights offers a comprehensive discussion of the Indian television marketplace. The study starts with a detailed overview of the local consumer durables market.
It covers its performance and discloses valuable statistics. The report proceeds with an insightful overview of the local television market. The research study casts light on factors that drive growth and delves deep into the competitive landscape.
It covers top players such as Videon, Sony Corporation, Samsung, and more. Besides, the research report includes estimation of this market’s sizing, highlights sales, exports and imports, production and shipments. Future projections are on hand in the study, too.
More studies by our partner can be found at its page.