India Built-in Kitchen Appliances Market to Grow at 17% till 2021
Rising construction of premium
apartments, growing disposable income and increasing customer awareness about
modern kitchen appliances to drive India built-in kitchen appliances market through
2021
According
to TechSci Research report, “India Built-in Kitchen Appliances Market By Product Type, Competition Forecast & Opportunities,
2011 – 2021”,
the market for built-in kitchen appliances in India is projected to grow
at a CAGR of over 17% during 2016-2021, on
account of changing consumer lifestyles and increasing customer awareness about
benefits of using built-in kitchen appliances. Growing working population base, rising women
workforce and expanding middle class population base are major factors driving India
built-in kitchen appliances market. Growing
personal disposable income levels from USD1.20 million in 2011 to USD2.30
million in 2015, is anticipated to boost the market for built-in kitchen
appliances in India over the next five years. Additionally, in 2013, premium
real estate construction contributed around 7-8% in India real estate
construction market, which increased to around 9-10% in 2015. All these factors
are expected to drive demand for built-in kitchen appliances in India, over the
next five years.
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Built-in Kitchen Appliances Market"
https://www.techsciresearch.com/report/india-built-in-kitchen-appliances-market-by-product-type-ovens-hobs-hoods-refrigerators-dishwashers-and-others-competition-forecast-and-opportunities-2011-2021/738.html
On
the basis of product type, India built-in kitchen appliances market has been segmented
into ovens, hobs, hoods, refrigerators, dishwashers & others. Among these
categories, built-in ovens segment dominated India built-in kitchen appliances market in 2015. Built-in
ovens are gaining popularity over traditional ovens, as they are easy to clean,
consume less electricity and are equipped with compact hinges that make minimal
noise. In 2015, North India was the largest regional market for built-in kitchen appliances in the
country and the region is anticipated to continue dominating the market in the
coming years as well. Few of the major players operating in India built-in
kitchen appliances market include BSH Household Appliances, KAFF Appliances,
Elica, Frankie Faber and Whirlpool.
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“Availability of flexible
payment options is an emerging trend in India built-in kitchen appliances
market. Financial institutions are creating easy financing options, so that
customers can purchase built-in kitchen appliances. Availability of a number of
financing alternatives is increasing sales of built-in kitchen appliances in
India. Apart from cash payments, customers are able to purchase built-in
kitchen appliances via credit cards, ease monthly installment (EMI) schemes and
other financing alternatives. This along with rising purchasing power of consumers
in India is expected to be a positive sign for companies operating in India
built-in kitchen appliances market.”, said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“India Built-in Kitchen Appliances Market, By Product
Type, Competition Forecast & Opportunities, 2011-2021” has
evaluated the future growth potential of India built-in kitchen appliances market and provides statistics and
information on market structure, policies and regulations in India built-in kitchen appliances market.
The report is intended to provide cutting-edge market intelligence and help
decision makers take sound investment evaluation. Besides, the report also
identifies and analyzes emerging trends along with essential drivers,
challenges and opportunities in India built-in
kitchen appliances market.
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