Indonesia Kitchen Appliances Market Set to Grow 21% CAGR through 2019
Increasing income levels and working population, especially women and youth, coupled with easy availability of skilled manpower to propel kitchen appliances market in Indonesia
According to the recently released TechSci Research report, “Indonesia Kitchen Appliances Market Forecast and Opportunities, 2019”, the market for kitchen appliances in Indonesia is forecast to exhibit a CAGR of around 21% in value terms during 2014-19. Some of the prominent factors driving robust growth in the market include increasing population of working professionals; growing preference of consumers, especially youngsters, for convenience products; and gradually increasing base of middle class and affluent consumers. Various government initiatives such as nationwide scheme for gas stove installationsis further driving substantial growth in kitchen appliances market in Indonesia.
Currently, small kitchen appliances segment, which mainly included appliances like electric cookers, food processors and blenders, are dominating the market. The trend is likely to continue during the forecast period as more consumers would prefer having their kitchen equipped all the convenience products. However, a large segment of the population is highly price conscious, which poses challenge for kitchen appliance manufacturers and suppliers in the country. Java is the key manufacturing hub for kitchen appliances in the country as most of the companies have their manufacturing footprint in this province.
“Smart inverter technology and environment friendly kitchen appliances are expected to witness considerable growth in the future, which would further drive significant volume sales of kitchen appliances in Indonesia. Moreover, Indonesia is the world’s third largest rice producer after China and India. The country also imports rice in large quantities to meet high demand, as per capita rice consumption in the country is as high as 140 kg. This is significantly contributing to increasing demand for electric rice cooker in Indonesia, which is expected to rise further over the next five years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Indonesia Kitchen Appliances Market Forecast and Opportunities, 2019” has evaluated the future growth potential of the kitchen appliances market in Indonesia and provides statistics and information on market structure, exports 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 market for kitchen appliances in Indonesia.
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]