Multi-Brand Stores to Remain Dominant Sales Channel in India Dishwasher Market until 2022
Increasing
working women population, rising number of nuclear families and changing
lifestyle to aid growth of India dishwasher market through 2022
According to TechSci Research report, “India
Dishwashers Market By Product Type, By Distribution Channel, Competition
Forecast & Opportunities, 2012 – 2022”, India dishwashers market stood at an estimated $ 20
million in 2017. The market is projected to witness an increase in consumer
demand predominantly on account of paucity of time and hectic lifestyles,
especially among urban households. Moreover, improving living
standards, rising disposable income and growing number of working women is
further expected to aid the growth of India dishwasher market in the coming
years. In addition, anticipated
growth in the number of middle income group population in Tier-II
and Tier-III towns and cities across the country is also expected to positively influence the country’s dishwashers
market during forecast period.
Browse 13 market data Tables and 27 Figures
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Pages and an in-depth TOC on "India Dishwashers Market"
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IFB Industries, BSH (BSH
Household Appliances), LG Electronics, Samsung Electronics and Electrolux AB are
some of the leading players operating in India dishwashers market. Among regions, South region dominated India
dishwashers market in 2016,
followed by the North region. South region is expected to witness an increasing
demand for dishwashers during forecast period as well on the back of fast changing
lifestyles and higher level of disposable income as compared to other regions. On the basis of type, India dishwashers
market is categorized into free-standing dishwashers and built-in
dishwashers. Free-standing dishwashers dominated
the country’s dishwashers market in 2016 due to their portability and higher
preference among Indian households. Multi-brand stores are the most popular
distribution channels for the sales of dishwashers in India, accounting for
more than two-third of the sales in 2016.
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In a ‘Voice of Customer’ study conducted by TechSci Research
in January, 2018, product performance and requirement specification came out as
the most important prerequisites in India dishwashers market. This indicated
that the country’s dishwashers market is a less price conscious market. “Rising number of tie-ups between builders
and dishwasher suppliers for installing dishwashers in buildings, apartments
and flats, etc., would steer growth in India dishwasher market in the coming
years. Moreover, flexible payments options available to customers as well as new payment modes such as online wallets and
EMIs coupled with growing demand for dishwashers from Tier II and Tier III cities
are anticipated to fuel dishwasher sales across India through 2022.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“India
Dishwashers Market By Product Type, By Distribution Channel, Competition
Forecast & Opportunities, 2012 – 2022” has evaluated the future growth potential of dishwashers
market and provides statistics and information on market structure, size, share
and trends. The report is intended to provide cutting-edge market intelligence
and help decision makers take sound investment decision. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities present in the India dishwashers market.
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