Domestic Appliances Market in India
Market Overview
The Indian domestic appliances market dropped to $
in , which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $ in 2018; however, from 2019 to , consumption failed to regain momentum.
In value terms, domestic appliances production shrank to $ in estimated in export price. The total output value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2011 with an increase of %. Domestic appliances production peaked at $ in 2018; however, from 2019 to , production stood at a somewhat lower figure.
in , which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $ in 2018; however, from 2019 to , consumption failed to regain momentum.In value terms, domestic appliances production shrank to $
in estimated in export price. The total output value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2011 with an increase of %. Domestic appliances production peaked at $ in 2018; however, from 2019 to , production stood at a somewhat lower figure.Consumption
In , consumption of domestic appliances decreased by -% to units, falling for the second consecutive year after six years of growth. The total consumption volume increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, consumption attained the peak volume at units in ; however, from to , consumption remained at a lower figure.
The revenue of the domestic appliances market in India shrank to $ in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Domestic appliances consumption peaked at $ in 2018; however, from 2019 to , consumption failed to regain momentum.
, consumption of domestic appliances decreased by -% to units, falling for the second consecutive year after six years of growth. The total consumption volume increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, consumption attained the peak volume at units in ; however, from to , consumption remained at a lower figure.The revenue of the domestic appliances market in India shrank to $
in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Domestic appliances consumption peaked at $ in 2018; however, from 2019 to , consumption failed to regain momentum.Consumption by Type
Electric heating resistors ( units) constituted the product with the largest volume of consumption, comprising approx. % of total volume. Moreover, electric heating resistors exceeded the figures recorded for the second-largest type, domestic, non-electric, cooking or heating appliances ( units), twofold. The third position in this ranking was taken by domestic food grinders and mixers and fruit or vegetable juice extractors ( units), with an % share.
From 2007 to, the average annual growth rate of the volume of electric heating resistors consumptions amounted to +%. With regard to the other consumed products, the following average annual rates of growth were recorded: domestic, non-electric, cooking or heating appliances (-% per year) and domestic food grinders and mixers and fruit or vegetable juice extractors (+% per year).
In value terms, electric heating resistors ($) led the market, alone. The second position in the ranking was taken by iron or steel solid fuel domestic appliances ($). It was followed by domestic food grinders and mixers and fruit or vegetable juice extractors.
From 2007 to, the average annual growth rate of the value of electric heating resistors markets amounted to +%. With regard to the other consumed products, the following average annual rates of growth were recorded: iron or steel solid fuel domestic appliances (+% per year) and domestic food grinders and mixers and fruit or vegetable juice extractors (+% per year).
units) constituted the product with the largest volume of consumption, comprising approx. % of total volume. Moreover, electric heating resistors exceeded the figures recorded for the second-largest type, domestic, non-electric, cooking or heating appliances ( units), twofold. The third position in this ranking was taken by domestic food grinders and mixers and fruit or vegetable juice extractors ( units), with an % share.From 2007 to
, the average annual growth rate of the volume of electric heating resistors consumptions amounted to +%. With regard to the other consumed products, the following average annual rates of growth were recorded: domestic, non-electric, cooking or heating appliances (-% per year) and domestic food grinders and mixers and fruit or vegetable juice extractors (+% per year).In value terms, electric heating resistors ($
) led the market, alone. The second position in the ranking was taken by iron or steel solid fuel domestic appliances ($). It was followed by domestic food grinders and mixers and fruit or vegetable juice extractors.From 2007 to
, the average annual growth rate of the value of electric heating resistors markets amounted to +%. With regard to the other consumed products, the following average annual rates of growth were recorded: iron or steel solid fuel domestic appliances (+% per year) and domestic food grinders and mixers and fruit or vegetable juice extractors (+% per year).Market Forecast
Driven by increasing demand for domestic appliances in India, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to units by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to units by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Over the period under review, the share of imports in terms of total domestic appliances consumption in India was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the India domestic appliances market is largely supplied by domestic manufacturers.
% figure. In value terms the share of imports also stood at a low figure, which means that the India domestic appliances market is largely supplied by domestic manufacturers.Trade Balance
India remains a net importer of domestic appliances; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of units, which was equal to $.
. In , there was a significant trade deficit of units, which was equal to $.
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