India Electric Kitchen Appliances Market to See 19% CAGR till 2021, Says Bonafide Research in Its In-demand Report Available at MarketPublishers.com08 Dec 2016 • by Natalie Aster
LONDON – Today, the demand for electric kitchen appliances in India is rather high, and it is predicted to continue growing in the offing spurred by expanding middle-class, rising number of affluent consumers in the country, constantly improving consumer lifestyles and also increasing number of working population.
Driven by increasing per capita disposable incomes, the Indian electric kitchen appliances market is predicted to keep on growing, posting a 19% CAGR in the next 5 years.
Nowadays, modern consumer trends like modernization of the existing equipment (owing to rising health concerns) as well as ever-growing interest in fitness and wellness encourage further product innovations in the country’s electric kitchen appliances industry.
Today, microwave oven, mixer grinder and induction cooktop hold biggest shares of the Indian electric kitchen appliances market. Meantime, juicer and electric cookers categories are slated to see remarkable growth in the short run. Furthermore, such categories as blenders, coffee makers, choppers and hand mixers are also anticipated to ramp up at a healthy CAGR in India.
One of the latest research report by Bonafide Research & Marketing titled “India Electric Kitchen Appliances Market Outlook, 2021” offers an all-around analysis of India’s electric kitchen appliances industry performance. This publication covers the domestic market size, shares, segmentation as well as reviews key brands, and investigates the historical background and current scenario. Moreover, the research study canvasses the market dynamics, examines the key market growth challenges and drivers, highlights trade dynamics, uncovers info on import and export volumes, traces light on the current and future market trends and developments. Additionally, regulatory landscape and competitive environment are thoroughly investigated here. Detailed profiles of top 13 market participants are presented in the report. Moreover, a reader can find useful strategic recommendations in the report along with a comprehensive future outlook for the national electric kitchen appliances market through 2021.
Other insightful research reports by Bonafide Research & Marketing are uploaded in this Market Publishers' catalogue.