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"
https://www.techsciresearch.com/report/india-cooktops-market/3416.html
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.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=3416
Customers can also request
for 10% free customization on this report.
“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.
Contact
Mr.
Ken Mathews
708
Third Avenue,
Manhattan,
NY,
New
York – 10017
Tel:
+1-646-360-1656
Email:
[email protected]