Press Release

Cooktop Market in India Set to Cross $1.6 Billion by 2022

Rising urbanization, busy lifestyles, increasing consumer spending on trendy and energy efficient kitchen appliances are primary factors fueling the demand for cooktops in India

According to a recently released TechSci Research report, India CooktopsMarket By Type, By Burner Quantity, By Freestanding Vs Built-in Cooktop, Competition Forecast & Opportunities, 2012-2022, the India cooktop market is projected to grow to over $ 1.6 billion by 2022. Increasing urbanization and promulgation of hypermarkets and online retailers are making cooktops readily available in the country. Due to intense competition between manufacturers of cooktops, major companies are resorting to innovative promotional activities such as the ‘Exchange Anything for Anything’ scheme being run by Prestige, which drive down prices and make cooktops more attractive for consumers. Availability of easy financing and new payment methods, proliferation of trendy and technological products and favorable government policies are some other factors are driving the demand for cooktops in India.

Browse 3 market data Tables and 36 Figures spread through 93 Pages and an in-depth TOC on  "India Cooktops Market"

One of the biggest factors behind the robust growth rate shown by India cooktops market is the steady increase in final consumption expenditure of Indian households, which has gone up from 55.88% in 2011 to 59.24% in 2015. Increasing personal incomes, along with a growing propensity to spend rather than save is driving the market in urban areas. In the rural areas, schemes such as the Pradhan Mantri Ujjwala Yojana (PMUY) are responsible for supply of LPG cylinders to the marginalized sections of society, with almost 20 million connections provided already. Rural India has hitherto been an untapped market for makers of cooking appliances, but with over 60% of people in the country living in rural areas, it has huge potential for the India cooktops market.


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“Rising disposable earnings in dual-income households is strongly supporting the sales of cooktops in the country. With busier lifestyle, time spent per capita on domestic chores is declining significantly. As a result, it makes sense for people to purchase smart appliances which cut down on time spent cooking, which are well marketed, user-friendly, energy efficient and relatively inexpensive”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

India Cooktops Market By Type, By Burner Quantity, By Freestanding Vs Built-in Cooktop, Competition Forecast & Opportunities, 2012-2022 has evaluated the future growth potential of India cooktops market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in the India cooktops market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.


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