India Washing Machine Market was worth US$ 1268 Mn. in 2020 and total revenue is expected to grow at a rate of 3.78 % CAGR from 2021 to 2027, reaching almost US$ 1707 Mn. in 2027.
India Washing Machine Market Overview:Washing machines are a common choice for laundry purpose as they save energy & time. Numerous technical advancements in washing machines have been made in the last few years, causing in improved efficiency in terms of saving electricity & water. The Indian government has introduced various efforts aimed at the growth of rural households, & with a rise in India's per capita income, demand for washing machines is expected to increase. To know about the Research Methodology :- Request Free Sample Report Digitalization, development, changing customer purchasing patterns, & demand in developing markets are all paying to improved income. The introduction of the next generation washing machine incorporating technology for well-organized use of electricity & water, anticipated to have a promising impact on demand for washing machine. The improved number of dual-income households, combined with deficient time for laundry has controlled to the rising desire for this under-penetrated item. The market's development is estimated to be hindered by the obtainability of laundry shops & the growth of online laundry facilities. Corona Virus pandemic emphasized the implication of key uses in most houses. The underserved washing machine market was no exclusion. The washing machine was the savior when social distancing became the norm. There has been a marvelous amount of modification in the consumer profile of the washing machine industry in country in the past couple of years. Income levels have improved at an impressive rate, & now more individuals have the expendable assets to purchase products like washing machines. Consumers are now seeing for factors such as design, trends, & quality of items rather than just the costs. The pictorial appeal of supplies has also become a vital standard in this regard. Nowadays washing machines are no longer considered as luxury machines for the middle class people. They have become a vital part of everyday lives.
Current Situation:There has been a modification in the stages of ambition across the country, & it’s evident in the Tier II metropolises as well. These metropolises are going for fully automatic machines. The washing machine market development is expected to be dissatisfied by the availability of laundry shops. Covid pandemic brought the significance of devices in most houses. LG, Samsung, IFB, Whirlpool, Videocon, & Godrej are the key players in the washing machine market of India .The Fully Automatic washing machine segment is supposing to grow. North India wishes semi-automatic machines while, in the South, totally automatic ones are more chosen.
Segment Overview:The fully automatic segment for washing machine market is projected to be the most profitable sector & hold a big amount of the total washing machine market size, owing to high customer preference, lesser human interference disorder to operate it, developed energy & water competence, & better stain removal capability as compared to semi-automatic washing machine. Between six & eight kg capacity segment is expected to rule the market during the forecast period, as these machines have improved preference amongst customers as they offer captain laundry capability for most families in India. In addition, washing machines with these size are superior at saving power associated to other washing machine capacity.
Top companies in India:LG: Offering a mixed range of semi-automatic, fully-automatic, front-load, & top load washing machines, LG takes the 1st place. LG usages dissimilar & modern technologies to give its client’s washed clothes with least maintenance dues. Samsung: Taking the 2nd place, Samsung delivers its consumers with trendy, visually attractive, & AI encouraged models. Built with numerous features such as automatic drying and eco fizz, Samsung implements the best to its consumers. IFB: The prominent company of fully automatic washing machines in India, IFB delivers steady and new technology to its consumers. It also supplies top-loading machines though it specifies in front ones. Bosch: A strong & user-friendly German brand, Bosch promises constancy to its customers while rendering sleek & modern designs. Offering technologies & features are never seen before, Bosch makes sure it provides to its client’s requirements.
Market Share in India 2019:Samsung is financing on its Indian invention powered, AI-enabled washing machines variety to become the number 1 competitor in the fully automatic sector in India. The firm is seeing to rise its market share in the completely automatic sector to 32 % in the year 2020 from 24.6 % in the year 2019, which accounts for around 60 % of the total projected 90 lakh units per annum washing machines market in India. Samsung India had newly introduced a new line-up of fully automatic front load machines which are AI supported with bi-lingual UI in Hindi & English.
India washing machine market development predictions:It is projected that by the end of 2030 the market will have 590 Mn consumers in the city areas. The per capita spending by the time has been considered at INR 50,000, which creates India a marvelous & lucrative market for washing machine firms. A report study by the MMR forecasts that the number of middle-class people who receive between INR 2 & 10 lakh will go up to 128 Mn by the end of 2025. At that time, it is projected to account for 41 % of the population.
Whirlpool Emphasis on in-house production:Whirlpool now has 3 production services in Faridabad, Pondicherry, & Pune. The Faridabad & Pune services cater only to Refrigerators, while Washing Machines are manufactured in Pondicherry. The firm has spent ~INR7.5 Billion on Capex over FY17-20, trusting in the long-term aids of in-house production abilities, in quite difference to other White Goods firms such as VOLT & BLSTR.
Exports strategy to push the development:China+1 strategy can be a disrupter as its start in the Indian market in the year 1996, Whirlpool has had a robust export emphasis. The firm exported Refrigerators & Washing Machines to South Africa, Saudi Arabia, & ASEAN countries. Exports established 10 % of sales in the year 2009. While export growth has covered over the last decade, the recent addition of new capacities is likely to propel growth in exports. The management has implied about using India as an essential part of overall sourcing (China+1 strategy). The objective of the report is to present a comprehensive analysis of the India Washing Machine 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 Washing Machine Market dynamics, structure by analyzing the market segments and project the India Washing Machine 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 Washing Machine Market make the report investor’s guide.
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Global India Washing Machine Market Report Coverage Details Base Year: 2020 Forecast Period: 2021-2027 Historical Data: 2016 to 2020 Market Size in 2020: US $ 1268 Mn. Forecast Period 2021 to 2027 CAGR: 3.78% Market Size in 2027: US $1707 Mn. Segments Covered: by Type • Fully Automatic • Semi-Automatic by Capacity • Less than 6KG • 6.1-8KG • Above 8KG
India Washing Machine Market, by Region• North India • South India • East India • West India
India Washing Machine Market key player• Toshiba • TCL • Voltas Beko • Onida • BPL • LG • Samsung • Whirlpool • Godrej • Haier • IFB • Lloyd • Croma • Bosch • Panasonic • Thomson.
Frequently Asked Questions:1) What was the market size of India Washing Machine Market markets in 2020? Ans - India Washing Machine Market was worth US$ 1268 Mn in 2020. 2) What is the market segment of India Washing Machine Market markets? Ans -The market segments are based on Type, Capacity & Region. 3) What is forecast period consider for India Washing Machine Market? Ans -The forecast period for India Washing Machine Market is 2021 to 2027. 4) Which are the worldwide major key players covered for India Washing Machine Market report? Ans – Toshiba, TCL, Voltas Beko, Onida, BPL, LG, Samsung, Whirlpool, Godrej, Haier, IFB, Lloyd, Croma, Bosch, Panasonic, Thomson. 5) Which region is dominated in India Washing Machine Market? Ans -In 2020, South region dominated the India Washing Machine Market.
1. India Washing Machine Market: Research Methodology 2. India Washing Machine Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to India Washing Machine Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. India Washing Machine Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1. M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.8.1. PORTERS Five Forces Analysis 3.8.2. PESTLE 3.8.3. Regulatory Landscape by region 18.104.22.168. North India 22.214.171.124. South India 126.96.36.199. East India 188.8.131.52. West India 3.8.4. COVID-19 Impact 4. India Washing Machine Market (Value) by region: 4.1. India Washing Machine Market, by Type 4.1.1. Fully Automatic 4.1.2. Semi-Automatic • North India • South India • East India • West India 4.2. India Washing Machine Market 4.3. India Washing Machine Market, by Capacity 4.3.1. Less than 6KG 4.3.2. 6.1-8KG 4.3.3. Above 8KG • North India • South India • East India • West India 5. Company Profile: Key Players 5.1. Toshiba. 5.1.1. Company Overview 5.1.2. Financial Overview 5.1.3. India Presence 5.1.4. Type Portfolio 5.1.5. Business Strategy 5.1.6. Recent Developments 5.2. N.G. Enterprises 5.3. TCL 5.4. Voltas Beko 5.5. Onida 5.6. BPL 5.7. LG 5.8. Samsung 5.9. Whirlpool 5.10. Godrej 5.11. Haier 5.12. IFB 5.13. Lloyd 5.14. Croma 5.15. Bosch 5.16. Panasonic 5.17. Thomson