The India built-in
kitchen appliances market is expected to reach USD601.18 million by 2028, growing at a CAGR of
8.83% during the forecast period. In India, the built-in kitchen appliances
market is mainly driven by increasing demand from the residential sector, increasing
GDP, growing per capita income, and the surge in sales through e-commerce, etc.
Built-In kitchen appliances
are kitchen appliances built into the cabinetry or walls of a modern kitchen,
giving it a uniform, integrated aspect. They cannot be moved because they are permanently
installed in the kitchen. Built-in kitchen appliances are suited for both large
and small kitchens. Built-in kitchen appliances are more ergonomic because they
are compact, easy to operate, and safe. They also save time spent on cooking
and cleaning. Such factors are prompting consumers to purchase these products.
The significant rise in
the residential sector, which is the primary end-user of built-in kitchen
appliances, can be attributed to the market's predicted growth. Built-in
kitchen appliances are becoming more popular in the residential market with the
rise in living standards of the population in India. These appliances also
facilitate seamless kitchen operations. Furthermore, the rising adoption of energy-efficient
appliances, combined with market participants' increased focus on
low-energy-consuming gadget development, and is expected to boost market growth
over the forecast period and beyond.
The production and
manufacturing of built-in kitchen appliances were hampered during the COVID-19
pandemic. With the suspension in production activity, both demand and supply in
the built-in kitchen appliances market dropped considerably, negatively
influencing market growth for a short period.
Rising Standards of
Livelihoods is Fueling the Market Growth
The increasing income
level, India's improving living standards, and the growing variety of offers
and discounts from key market participants are influencing the demand for
built-in kitchen appliances within the Indian market. Also, to cater to
national needs, the key market participants focus on manufacturing within the
country and decreasing imports. Furthermore, companies are offering their
products in equal monthly installments (EMI) to make them more affordable for
customers of all income levels. Such factors are expected to influence the
increase in built-in kitchen appliance sales in India.
Availability of Improves
Finance Options
Flexible payment
alternatives are becoming more widely available in the Indian market for
built-in kitchen appliances. Customers can now purchase built-in kitchen
equipment with the help of simple financing solutions offered by financial
institutions. In India, the availability of various financing options is driving
up sales of built-in kitchen appliances. Consumers can buy built-in kitchen
appliances with credit cards, easy monthly installment (EMI) schemes, and other
financing options in addition to cash payments. This, together with increased
consumer purchasing power in India, is projected to be a positive indicator for
players in India's built-in kitchen appliances market.
Metropolitan Cities Driving
the Market Growth
In India's built-in
kitchen appliances market, the metropolitan area accounted for a large portion
of the overall revenue. The buying power of urban Indians has increased as they
opt for products and services that serve as a style statement or status symbol.
Also, with the increase in the working population around the nation, the demand
for convenient and time-saving products is becoming a top priority. This factor
is anticipated to further propel the growth of the built-in kitchen appliances
market across the country.
Rising Concept of
Modular Kitchen
The India built-in
kitchen appliances market has seen substantial growth due to factors such as increased
social media presence, integrated design components, and consumers' desire to
create a united living space by selecting distinctive hues, finishes, metals,
and design features. People are
willing to spend money on built-in kitchen appliances to complement the
aesthetics of the kitchen, attributed to the increasing popularity of the
modular kitchen concept. This factor is projected to further boost the sales of
built-in kitchen appliances around the nation in the future years.
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Market Segmentation
The India built-in
kitchen appliances market is segmented based on product type, end distribution
channel, region, and competitional landscape. Based on product type, the market
is categorized by built-in hobs, built-in hoods, built-in ovens & microwaves,
built-in dishwashers, built-in refrigerator, and others (built-in coffee
machines, built-in barbeque griller, etc.) Based on distribution channel, the
market is segmented into contract sales, multi-branded stores, exclusive
stores, and online. The market analysis also studies the regional segmentation
to devise regional market segmentation, divided among north, west, south, and
east regions.
Company Profiles
Whirlpool of India Ltd.,
BSH Household Appliances Manufacturing Private Limited, Franke Faber India
Private Limited, Hafele India Private Limited, Miele India Pvt. Ltd., Samsung
India Electronics Private Limited, Haier Smart Home Co., Ltd, Kaff Appliances
(India) Private Limited, IFB Appliances LTD, BlowHot Kitchen Appliances Pvt.
Ltd., and others are among the major market players in the built-in kitchen
appliances industry that led the market growth of the India built-in kitchen
appliances market.
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Attribute
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Details
|
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Market Size Value in FY2022
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USD370.09 Million
|
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Revenue Forecast in FY2028F
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USD601.18 Million
|
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Growth
Rate
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8.83%
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Base
Year
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2022
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Historical
Years
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2018 –
2021
|
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Estimated
Year
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2023E
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Forecast
Period
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2024F–
2028F
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Quantitative
Units
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Revenue in
USD Million, and CAGR for 2017-2021 and 2022-2027F
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|
Report
Coverage
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Revenue
forecast, company share, competitive landscape, growth factors, and trends
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Segments
Covered
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·
Product Type
·
Distribution Channel
·
Region
|
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Regional
Scope
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North,
West, South, East
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Key
Companies Profiled
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Whirlpool
of India Ltd., BSH Household Appliances Manufacturing Private Limited, Franke
Faber India Private Limited, Hafele India Private Limited, Miele India Pvt.
Ltd., Samsung India Electronics Private Limited, Haier Smart Home Co., Ltd,
Kaff Appliances (India) Private Limited, IFB Appliances LTD, BlowHot Kitchen
Appliances Pvt. Ltd., etc.
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|
Customization
Scope
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10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
|
Pricing
and Purchase Options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase options
|
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Delivery
Format
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PDF and Excel through
Email (We can also provide the editable version of the report in PPT/pdf format
on special request)
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Report Scope:
In this report, India built-in
kitchen appliances market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- India
Built-in Kitchen Appliances Market, By Product Type:
- Built-in Hobs
- Built-in Hoods
- Built-in Ovens &
Microwaves
- Built-in Dishwashers
- Built-in Refrigerators
- Other (Built-in Coffee
Machines, Built-in Barbeque Griller, etc.)
- India Built-in
Kitchen Appliances Market, By Distribution Channel:
- Contract Sales
- Multi-Branded Stores
- Exclusive Stores
- Online
- India Built-in
Kitchen Appliances Market, By Region:
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in India Built-in Kitchen Appliances
market.
Available Customizations:
With
the given market data, TechSci Research offers customizations according to a
company’s specific needs. The following customization options are available for
the report:
Company
Information
- Detailed analysis and profiling of
additional market players (up to five).