Press Release

India Electric Kitchen Appliances Market to Reach $ 1.7 Billion by 2023

Changing lifestyle patterns and kitchen concepts coupled with rising disposable income and increasing number of nuclear families to drive India electric kitchen appliances market through 2023

According to TechSci Research report, “India Electric Kitchen Appliances Market By Category, By Distribution Channel, Competition Forecast & Opportunities, 2013-2023”, India electric kitchen appliances market is projected to reach $ 1.7 billion by 2023. Growth in the market is expected to be driven by increasing per capita disposable income, growing number of nuclear families, expanding middle class and youth population, and changing lifestyle of people across India. Moreover, growing inclination of people towards using various technologically advanced kitchen appliances offering enhanced convenience, along with expanding distribution and supply chain of manufacturers and suppliers is expected to aid the electric kitchen appliances market across India over the coming years.

Browse 4 market data Tables and 40 Figures spread through 85 Pages and an in-depth TOC on "India Electric Kitchen Appliances Market"

 

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The proportion of working women in the country is increasing gradually, which is contributing to growth in household income as well as leading to time shortage for women towards household activities. Also, with rapid increase in the number of nuclear families in urban India, average number of family members involved in doing daily household chores is on a decline. Consequently, the utility of electrical kitchen appliances, which help in minimizing the effort and time required in cooking activities, etc., is increasing. Bajaj Electricals Limited, TTK Prestige Limited, Preethi Kitchen Appliances Private Limited and Butterfly Gandhimathi Appliances Private Limited are among the leading companies operating in India electric kitchen appliances market. Ovens are expected to remain the largest selling small electric kitchen appliances in India during the forecast period, with demand for kitchen hoods forecast to grow at the fastest rate. Moreover, growing competition among e-tailers such as Flipkart, Amazon, etc., coupled with increasing amount of time spent by consumers on the internet is boosting sales through online channels, though multi-branded stores are anticipated to maintain their dominating position with nearly half of the market share until 2023.


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“Demand for electric kitchen appliances is witnessing an upsurge across India, owing to growing trend of modular homes, tech-savvy consumers who have strong knowledge regarding the benefits of using modern appliances and increasing influence of social media on the millennial population that makes them to purchase new and advanced kitchen appliances providing enhanced convenience and comfort. Further, leading electric kitchen appliance manufacturers are continuously diversifying their product portfolios and are offering a wider range of products, both in terms of applications as well as price range, which is boosting adoption of electric kitchen appliances in India.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

India Electric Kitchen Appliances Market By Category, By Distribution Channel, Competition Forecast & Opportunities, 2013-2023 has evaluated the future growth potential of electric kitchen appliances market in India 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 take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in India electric kitchen appliances market.

 

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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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Consumer Goods and Retail | Jun, 2018

Changing lifestyle patterns and kitchen concepts coupled with rising disposable income and increasing number of nuclear families to drive India electric kitchen appliances market through 2023

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