Increasing disposable income
along with growing consumer electronics industryto drive Indiawashing machine
market through 2024
According to TechSci Research
report, “India Washing Machine MarketBy
Product Type, By Machine Capacity, By Technology, Competition, Forecast &
Opportunities, 2024”,
India
washing machine market is projected to grow at a CAGR of over 4% during
2019-2024. India washing machine market is driven by rise in disposable income
and improvements in rural electrification. Moreover, increasing affordability
of washing machines and rapid urbanization is further fueling growth in the
market. Additionally, rising need for differentiated products and services have
led to an upsurge in investments for R&D activities.
In
terms of technology, India washing machine market is categorized intosmart
connected washing machine and conventional washing machine. Of which, smart
connected washing machines are predicted to grow at a swift rate during the
forecast period. The growth of the smart connected washing machine category is
majorly due to the increasing adoption of technologically advanced products in
the country. Moreover, the price difference between smart connected washing
machine and conventional washing machine has decreased to a great extent, which
is helping the brands to pitch aggressively for the former.
Browse market data Tables and Figures spread through 70Pages and an
in-depth TOC on "India Washing Machine Market
"
Based
on machine capacity, India washing machine market is divided into below 6 kg,
between 6-8 kg, and 8 kg and above. The 6-8 kg machine capacity is the most lucrative
segment, as it offers better energy efficiency and higher value for money, in
terms of laundry washing.Regionally, India washing machinemarket is categorized
into North, East, South and West. Among these regions, the North Indiaaccounted
for asignificant portion of India washing machinemarket in 2018.
Customers can also request for 10% free
customization on this report.
According to TechSci Research“India
washing machinemarket is anticipated to register a steady growth over the
course of next five years. Growth in the market is led by increasing disposable
income in the country along with growing consumer electronics industry.
Moreover, technological advancements in washing machines, such as smart washing
machines are further anticipated to bolsterthe growth of the market.”saidMr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“India
Washing Machine Market By Product Type, By Machine Capacity, By Technology,
Competition, Forecast & Opportunities, 2024”,has evaluated the future
growth potential of India washing machinemarket and provides statistics and
information on market size, structure and future market growth. The report
intends 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 in Indiawashing machinemarket.
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