India Household Cooking Appliances Market: Global Industry Analysis and Forecast (2021-2027) by Product, End Use, and Region.

India Household Cooking Appliances Market size was valued at US$ 3.3 Bn. in 2020. India Household Cooking Appliances will bring a great deal of transformation in Home Appliances Industry in India.
India Household Cooking Appliances Market Overview:
Kitchen appliances refer to home appliances specially designed to smoothen the functioning of kitchen activities. These appliances are primarily operated by electricity, cooking fuel, renewable, and solar energy. Major as well as minor kitchen appliances are available in the market depending on the purpose they serve. The major devices consist of refrigerators, stoves, and dishwashers, whereas the minor appliances include blenders, food, processors, and coffee makers.



To know about the Research Methodology :- Request Free Sample Report
India Household Cooking Appliances Market Dynamics:
India Household Cooking Appliances market has grown steadily in recent years and is expected to grow by double digits in the future due to rising consumer spending trends, rising per capita income, and growing populations in different parts of the state. Due to the growing awareness of rural people for higher quality and durability, the increasing demand for branded products from rural areas is the Indian kitchen. It is one of the main factors driving the growth of the India Household Cooking Appliances market.

Rising disposable income and lifestyle changes, creating a shift to a more sophisticated kitchen, especially among the growing population of working women, an easy and comfortable cooking experience. Online retail growth is giving the market a new impetus to enter this fast-growing distribution channel in order to maximize sales and thus effectively meet consumer demand.

The market expansion is supported by ongoing urbanization, contributing to the growth and demand for the comfort of the middle class in a busy urban lifestyle. Demand for Household Cooking Appliances is more common in urban markets, especially in high altitude cities. Progress in urbanization and product upgrades are also some of the key factors behind the growth of the India Household Cooking Appliances market. The demand for luxury houses is increasing and creating a positive outlook for luxury kitchen appliances. The high-income group is a potential target segment for lifestyle products.

The growth in online sales of these devices is expected to increase further in the future due to intensifying competition between physical stores and increased time on the Internet by the general public. The ease of financing by e-commerce giants such as Flipkart and Amazon and multiple online discounts offers continue to encourage consumers to choose this channel over traditional in-store shopping. Online shopping has become a major retail channel for all consumers to buy. Buying kitchen appliances online allows consumers to quickly explore different features and pricing options of different retailers with just a few clicks.

The growth of the India Household Cooking Appliances market is driven by rising disposable income and increasing consumer purchasing power, enabling consumers to buy easy-to-use kitchenware. Also, with the increase in the female workforce and busy lifestyle, the need for quick cooking and easy-to-use utensils has increased significantly. This has led to increased demand for Household Cooking Appliances and accelerated market growth.

State-of-the-art kitchen equipment designed using advanced technology helps to cook food quickly while preserving nutrients and is expected to increase its acceptance. However, the lack of energy-efficient large kitchen equipment is restraining the market growth.

With rising real estate prices, Indian consumers prefer smaller kitchens. For the same reason, the concept of modular kitchens is widespread in the region. Demand for small kitchen equipment is increasing and is seen by Indian Household Cooking Appliances manufacturers as an opportunity.

Market trends and challenges are analyzed and compiled in the report. The data of 2020 is considered for a better understanding of the client. Moreover, Analytics of the market is based on real numbers of past years from 2016 to 2019 with market forecast until 2027.
India Household Cooking Appliances Market Segment Analysis:
By Product, Cooktops, and cooking ranges dominated the market with 39% share in 2020. Variety cooktops, such as gas, electric, or induction cooktops, smooth surface cooktops; and coil cooktops are driving the cooktops and cooking ranges segment in the household appliances market. The microwave oven segment is the second largest in the household cooking appliances market. A microwave oven is faster than that of other conventional cooking. Food cooked by a microwave oven is more nutritious than that of other conventional cooking methods.

By Fuel, the Cooking Gas segment is dominating in the household cooking appliances market with a 56% share in 2020. Cooking with gas is efficient in terms of speed and taste, these factors are driving the gas appliances market. Electric ovens often cycle between using the bake and broil elements during preheating, which can be less efficient.

The objective of the report is to present a comprehensive analysis of the India Household Cooking Appliances market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the India Household Cooking Appliances market dynamics, structure by analyzing the market segments and projecting the India Household Cooking Appliances market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the India Household Cooking Appliances market make the report investor’s guide.
India Household Cooking Appliances Market Scope: Inquiry Before Buying



India Household Cooking Appliances Market


Report Coverage
Details


Base Year:
2020
Forecast Period:
2021-2027


Historical Data:
2016 to 2020
Market Size in 2020:
US $ 3.3 Bn.


Forecast Period 2021 to 2027 CAGR:
7.5 %
Market Size in 2027:
US $ 3.48 Bn.


 Segments Covered:
by  Product
• Microwaves
• Ovens
• Cooktops and Ranges
• Other


by Fuel
• Cooking gas
• Electricity


by Distribution Channel
• Offline
• Online



India Household Cooking Appliances Market, by Region
• South India
• North India
• West India
• East India
India Household Cooking Appliances Market Key Players
• TTK Prestige
• Bajaj Electricals
• LG
• Samsung
• Inalsa
• IFB
• Panasonic
• Phillips
• Bajaj Electricals Limited
• Preethi Kitchen Appliances Pvt Ltd
• Butterfly Gandhimathi Appliances Limited
• Stove Kraft Private Limited
• Kaff Appliances (India) Private Limited
• Franake Faber India Ltd.
• Elica PB India Private Limited
• Tuareg Marketing Private Limited
• Glen Appliances Pvt. Ltd.
• Faber Heatkraft
• Godrej & Boyce Mfg Co Ltd
• Maharaja Appliances Ltd
• Sunflame Enterprises (P) Ltd.
• Whirlpool of India Limited

FAQ:

1] What segments are covered in the India Household Cooking Appliances Market report?
Ans. The segments covered in the India Household Cooking Appliances Market report are based on Product, Fuel, and Distribution Channel.

2] Which region is expected to hold the highest share in the India Household Cooking Appliances Market?
Ans. North India Region is expected to hold the highest share in the India Household Cooking Appliances Market.

3] What is the market size of the India Household Cooking Appliances Market by 2027?
Ans. The market size of the India Household Cooking Appliances Market by 2027 is US $ 4.96 Bn.

4] Who are the top key players in the India Household Cooking Appliances Market?
Ans. TTK Prestige, Bajaj Electricals, LG, Samsung, Inalsa, IFB, Panasonic, Phillips, Bajaj Electricals Limited, Preethi Kitchen Appliances Pvt Ltd, Butterfly Gandhimathi Appliances Limited, Stove Kraft Private Limited, Kaff Appliances (India) Private Limited, Franake Faber India Ltd., Elica PB India Private Limited, Tuareg Marketing Private Limited, Glen Appliances Pvt. Ltd., Faber Heatkraft, Godrej & Boyce Mfg Co Ltd, Maharaja Appliances Ltd, Sunflame Enterprises (P) Ltd., Whirlpool of India Limited.

5] What was the market size of the India Household Cooking Appliances Market in 2020?
Ans. The market size of the India Household Cooking Appliances Market in 2020 was US $ 3.3 Bn.