India Kitchen Appliances Market to Post 15.41% CAGR Through 2022, Says MarketMonitor Consultancy in Its Report Available at MarketPublishers.com
07 Mar 2017 • by Natalie Aster
LONDON – The market for kitchen appliances posted robust growth, registering a CAGR of more than 13% during 2011-2016. The market grew due to surging disposable income levels, expanding sales infrastructure such as specialist stores and e-commerce solutions in tandem with innovations in kitchen appliances, growing popularity of modular kitchens and convenience related to such appliances. The market is forecast to gain traction at 15.41% CAGR through to 2022.
From 2011 to 2016, each of the market categories recorded double-digit growth by value owing to additional factors such as increased customisation in kitchen appliances alongside novel launches at wide price ranges targeting various income groups, rising performance and energy efficiency of cooking units and other features like digital display, elegant look, child lock, and automation of such kitchen appliances, among others.
The kitchen appliances marketplace is fragmented, wherein the five leading players grab more than 45% of the total market value. Furthermore, e-commerce firms are providing a set of kitchen appliances with easy financing to boost sales, which also fuelled the market demand. And, the market is forecast to be estimated at USD 7 billion by 2022.
In-demand research report “India Kitchen Appliances Market Analysis, Forecast and Opportunities, 2016-2022” drawn up by MarketMonitor Consultancy provides a comprehensive review of the market on a national level.
The study gives an all-round review of the global marketplace; provides the outlook for the Indian kitchen appliances market, examines the market size by volume and value, offers market share and forecast data. The report presents granular market segmentation by category, company, by POS, and based on region. It includes a comprehensive supply chain analysis of India’s kitchen appliances marketplace. The report offers an analysis of the market dynamics limelighting key driving factors and challenges, major market trends and developments. The study canvasses the policy and regulatory landscape, contains a detailed import-export analysis. The macroeconomic environment in the country is examined as well. The report limelights the competitive landscape and profiles the 14 leading players. Vital strategic recommendations for stakeholders are at hand in the report, too.
More in-demand research reports by MarketMonitor Consultancy are available at its page.